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
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Click: Introduction To The Forex Market
In the Zone
- EURUSD
- GBPUSD
- USDCAD
- USDJPY
Market Insight Commentary – Forex
Today's News Headlines
- The US are claiming that they are seeing more and more renewed trade negotiations as opposed to trade wars – I suspect that the rest of the world may disagree with that.
Market Insight Commentary – Indices
Market Recap
After the weak dollar on Monday, the market was keen to see if the greenback would bounce back yesterday, the answer was mixed as we endured another “dramatic” day. New York would have arrived to their desks to witness a very strong dollar eating away at the profits that the major pairs made on Monday. As soon as the equity markets opened for the day, this all changed though as the dollar started slipping – and slipping fast.
The USDJPY which usually is most affected by equity market moves was once again a mixed bag, the JPY started off on a tear but was hit hard late on last night. The positive risk appetite early on saw the wheels come as the broader market came under pressure, there was not any particular reason why, but the rout got momentum and the pair almost erased all its weekly gains.
Important Economic Data Due Today
14:30 USD GDP
Consensus: 2.7%
Effect: Actual higher than expected is good for the USD
16:30 USD Crude Oil Inventories
Consensus: -2.5B
Effect: No consistent effect on the USD
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