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
We mentioned yesterday that the potential trade war could start to spill over into industry, with news that China had started compiling a list against other US suppliers like Microsoft and Google. It was then suggested that the US has decided to shorten the length of Chinese visas, this would of course mean that Chinese students will not be able to complete their studies in the US – a countermeasure to IP theft.
It also seems as though the prudent measures that Mexico was willing to take has changed tact, reports that they would take retaliatory measures against recent tariffs – Trump has replied that Mexico need to halt illegal flow of people and drugs. I’ve got a feeling that in the end, Mexico will have to build a wall!!
The market is lacking clear direction as it feels surrounded at the moment, we did well yesterday given the circumstances and I feel that today we will get a second bite of the cherry.
Today's Market Trading Levels
1. Brent BUY 6100 – 6160
2. GOLD SELL 1322 – 1325
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