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
Today's Market Fundamentals
Friday was all about risk off as news that Trump had slapped tariffs onto Mexico had come as a surprise and also raised concerns of a contagion effect. The flight to quality meant that it was the Yen and the Swissie that benefited from the move. The Chinese have started the fightback against the US by creating a list of unreliable suppliers such as Google and Microsoft and will start combating against these firms.
Donald Trump has stated that he would like a to balance trade deficits with countries like the US, since the US are probably the world’s biggest consumer – that could mean most countries, and it would seem as though the Australians are next in his sights. Since all this rhetoric started, it is estimated that Trump is directly responsible for over $ 5 trillion dollars of “lost” value for the equity markets – it’s going to take the next president a full term just to clean up his mess.
Today's Market Trading Levels
1. Brent BUY 6135 – 6100
2. GOLD SELL 1311 – 1315
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