Forex Market Insight 11 September 2018

Market Insight Commentary – 11 September 2018

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: Join Our Facebook Trading Community!

In the Zone

  • USDCAD
  • FTSE
  • Gold
  • Brent

Click HERE for Detailed Levels

Today's News Headlines

  • North Korea was requested a second meeting with Donald Trump, with the White House apparently open to it. Could the crazy antics of Trump be taking shape?

Market Recap

The calendar was light yesterday in the afternoon session with risk sentiment starting to improve a little bit. It was not long though that comments from Barnier created a little bit of volatility when he put a 6-8 week timeline on Brexit negotiations and this was followed on during the day with further positive comments.

The EURUSD dipped to 1.1525 but steadily climbed after those announcements, it seems as though both the EURUSD and GBPUSD will be affected by these headlines in the short term. Despite the positive sentiment – both Australia and New Zealand could not take advantage.

The USDCAD had two attempts at 1.3200 and was in the process of a third when New York opened, this pair is still going to be concerned on NAFTA.

Important Economic Data Due Today

10:30                           GBP                              Average Earnings Index

Consensus:                   2.4%

Effect:                          Higher than expected is good for the GBP

[su_divider]

Read Our Most Popular Articles Below, It's Worth It!