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
- EURUSD
- GBPUSD
- USDCAD
- USDJPY
Market Insight Commentary – Forex
Today's News Headlines
- White House advisors are suggesting that there will be a positive deal to come out of NAFTA, we will have to wait to see the details of this to come. I would imagine that this would benefit the CAD more so the USD, but it will depend on the details.
Market Insight Commentary – Indices
Market Recap
The markets for the most part took a breather yesterday as the drama around tariffs and trade wars with China subsided a little bit, Donald Trump survived a 60 minute interview and the equity markets enjoyed something of a reprieve.
There was not much economic data to slow the rot in the FX pairs yesterday, but the major pairs all strengthened somewhat against the greenback. Most the big flows came out of the JPY pairs and this for the most part is what drove all the other pairs.
Almost all the pairs are trading near monthly highs against the dollar and almost all of them are starting to show a little bit of divergence and so I wouldn’t be surprised if there is a dollar rally when the markets open up in Europe.
Important Economic Data Due Today
16:00 USD CB Consumer Confidence
Consensus: 131.2
Effect: Actual higher than expected is good for the USD
[su_divider]
