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
- UK100
- Gold
- DE30
Click HERE for Detailed Levels
Today's News Headlines
- A respected EU diplomat confirmed that the major issues in the Brexit negotiations remain unresolved.
Market Recap
Yesterday was the least eventful day we have had in the last week, either the market has settled and will now look to fade last weeks over reaction, or we continue the trend. My opinion is that we see the former. The USD was also choppy and looks to be consolidating after the ground it lost.
The only mover were the CAD pairs, the catalyst was the BOC survey, it showed that there was some strong investment intentions. The USDCAD rose to 1.3050 before the release but eventually traded lower to 1.2955 before bouncing. My intention is to look at fading those CAD moves a little later this morning.
The market can be a fickle place and it does look as though we are starting to put the developments of last week behind us. I am tempted to look for entries in the indices today, but will be very cautious with only a small trade.
Important Economic Data Due Today
10:30 GBP Average Earnings
Consensus: 2.6%
Effect: Higher than expected is good for the GBP
[su_divider]
Read Our Most Popular Articles Below, It's Worth It!
