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
- USDJPY
- Gold
- USTEC
- DAX
Market Insight Commentary – Forex
Today's News Headlines
- Despite Boris Johnsons resignation last week, he was adamant yesterday that the UK must push forward with Brexit as it is their final chance to leave the EU.
Market Insight Commentary – Indices
Market Recap
A mixed bag yesterday meant that the dollar may have been strong during the morning session but started to battle to keep the momentum going once North America had had started rolling in. The catalyst were comments made by Fed Chair Powell which were somewhat dovish towards inflation risks and the Fed’s Treasury holdings – this was a little bit of a contrast to the previous day’s testimony.
The GBPUSD picked up where it left off on Tuesday, the weak inflation report didn’t help the cause as weaker data sent the pair crashing to a low of 1.3000, fighting talk around the Brexit meant that there was as steady recovery from there, but I still wonder if this pair is in for a tough time this week.
I am still in the same boat and continue to find day trading strategies in the indices for now – the currency market does look as though it is getting stretched though and I am wondering if that means a slew of opportunity next week.
Important Economic Data Due Today
10:30 GBP Retail Sales
Consensus: 0.1%
Effect: Higher than expected is good for the GBP
[su_divider]
