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
The market was analysing the recent Fed chatter and how that would affect the dollar going forward, while we still have persistent trade threats that are gripping the market. In the first matter, it is expected that there will now be a rate cut in the US this year, it appears the reaction will be knee jerk at best – this is because the rest of the world will probably follow suit which leaves the world “as it was.”
The trade developments are getting interesting again, reports suggesting that although talks between the US and Mexico are going amicably there has been know deal as yet, I think of all the trade talks this is the one that will likely get done first. Trump has also reiterated that he believes that China want and will agree to a deal – the problem with that statement is that the Chinese action suggest everything but!
I am again looking to trade oil today, it looks to be in a tight range and presenting some nice opportunity.
Today's Market Trading Levels
1. Brent BUY 6070 – 6040
2. GBPJPY BUY 137.20 – 136.95
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