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:
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Today's Market Fundamentals
Another session that was void of any major market moving headlines yesterday, the Chinese PMI numbers showed a modest rebound and coupled with optimism on trade development – there was a slight risk on mood yesterday.
In the UK there was the reported meeting between the Labour Party and PM May which Corbyn confirmed that his party had agreed “to explore scope for agreement.” Lawmakers finally voted together on something – that was stopping a no deal Brexit, unfortunately for parliament the EU will not negotiate further and May’s deal is the only one that will prevent that.
Keep an eye on Washington today, the Chinese are in town and I’m sure that there will be boundless headlines surfacing. Despite all the optimism, there could be argument that this is all priced in now.
Today's Market Trading Levels
1. DE30 SELL 11970 – 12000
2. UK100 SELL 7400 – 7420
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