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
- EURUSD
- GBPUSD
- AUDUSD
- USDCAD
- Gold
- Dax
Market Insight Commentary – Forex
Today's News Headlines
- Donald Trump called for the rest of the world to drop trade barriers, or else he would inflict reciprocal measures – he is fast isolating the US from the rest of the world.
Market Insight Commentary – Indices
Market Recap
Every time he starts to make a little bit of sense, it doesn’t take Trump long to revert back to those ridiculous comments that he posts on his twitter account. On Friday he sent a shock through the markets with threats that he will impose 20% tariffs on autos from the EU if European tariffs on US cars were not removed. On the weekend he insisted that the rest of the world remove tariffs and trade barriers on the US – I am still trying to decide if he is the pot or the kettle.
The big mover on the day was the USDCAD, the catalyst was the poor CPI and retail sales data as the loonie rocketed to a high of 1.3380. The pair spent the rest of the afternoon recovering and was aided by positive news out of OPEC, there is event risk in the form of a press conference from Governor Poloz on Wednesday. There is a lot of divergence starting to form on the daily chart and I wonder if there will be a shorting opportunity this week.
Last week proved to be incredibly tough, there seems to be a lot of opportunity out there at the moment and I will wait for those opportunities.
Important Economic Data Due Today
–
[su_divider]
