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
- USDJPY
- USDZAR
Market Insight Commentary – Forex
Today's News Headlines
- Donald Trump signed another budget deal that ended the shut down – there has to come a point when something has to be done rather than lifting the debt ceiling.
Market Insight Commentary – Indices
Market Recap
The market was wild on Friday, and the volatility could not be more evident than in the equity markets, as we discussed last week, the equity markets are a great barometer for where the USDJPY is going to trade. The pair traded to its low at 108.00 which represents a double bottom stretching back to September and as a result this pair now represents a nice risk or volatility trade. I am looking to take a long in this pair if we get anywhere close to that 108.00 support level.
The other big mover on Friday was the USDCAD, the market was eagerly awaiting the Canadian employment data on Friday, but the market was not prepared for the reading that showed a large drop – the worst job report I can remember for some time. The pair immediately shot by over 100 pips to trade at 1.2685, this is where we highlighted some offers may start building and exactly where we found some resistance. Wages came in better than expected and the pair found some relief before ending the day stronger than previously.
Important Economic Data Due Today
–
[su_divider]
