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
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Today's Market Fundamentals
It was predictably quiet yesterday with most of the world observing the Labour Day weekend, with such little economic data to move the markets we were eagerly waiting for the FOMC meeting to see if the dot path had moved any. The language of the rate decision did not really surprise the market with rates left on hold and the committee to maintain a “patient” approach, whilst they admitted that inflation had declined the long term projections were little changed.
I am going to be keeping an eye on the trade deal between the US and China, there were reports emanating that China would be ready to sign the deal as early as next week as the US are ready to roll back a large chunk of the tariffs immediately.
I am still undecided as to whether this could be this easy, but it would lead me to look at the AUD pairs as my preferred instruments.
Today's Market Trading Levels
1. AUDUSD BUY 0.7015 – 0.7000
2. DE30 SELL 12340 – 12370
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