Did you know that The Forex or FX Market derives its name from Foreign Exchange. It is essentially the exchange of currency (money) between two different countries. The FX market is the largest financial market in the world, and is open 24 hours per day, 5 days per week. BlackStone Futures provide a User Friendly trading environment in YOUR journey to Profitability on:
- Forex
- Global Equities
- Commodities
- Stock Indices
Click: Introduction To The Forex Market
In the Zone
- EURUSD
- NZDUSD
- USDCAD
Market Insight Commentary – Forex
Today's News Headlines
- Trump has starting moving from towards a “US vs China” trade war, I still believe that he would be ill informed to do that as it is a war he will regret.
Market Insight Commentary – Indices
Market Recap
News during the NY was not very heavy as the market waited to hear on the retaliatory measures placed on the US by China. Instead the White House chose to concentrate his attention to what was happening on NAFTA and an agreement that should be in place next week which placed the day’s emphasis on an incredibly strong CAD. The equity market had the chance to feel the love from the infamous Trump twitter account as he continued to threaten increased fees for both Amazon and the US Postal Service.
The FX pairs were rather subdued with the market eagerly waiting on news of a trade war brewing, China has announced that a statement will be made at 16:30 local time. Rumours are circulating that the US will attempt to hit the ambitious “Made in China 2025” campaign by coming after their technology sector. I will wait to hear in this statement if there are plans to retaliate by placing tariffs on US soybeans and aircrafts – this really does mean that we could be in for a prolonged trade war.
Important Economic Data Due Today
10:30 GBP Construction PMI
Consensus: 50.9
Effect: Actual higher than expected is good for the GBP
14:15 USD ADP Non-Farm Employment Change
Consensus: 208K
Effect: Actual higher than expected is good for the USD
16:00 USD ISM Non-Manufacturing PMI
Consensus: 59.0
Effect: Actual higher than expected is good for the USD
16:30 USD Crude Oil Inventories
Consensus: 1.4M
Effect: Actual higher than expected is good for the USD
[su_divider]