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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- Commodities
- Stock Indices
Today's Market Fundamentals
It is all about risk now, and yesterday saw the opening bell in a good mood – this may have been partly because of China being on holiday last Friday. The equities market gave all those gains back in the European session.
It is thought that Theresa May and Angela Merkel will meet this morning before the EU summit, Germany are staunch supporters in avoiding a no-deal Brexit and you would think she would try and help Britain. It is rumoured that May will also be meeting Macron, the problem is that she has no real update to deliver as her parliament continue to undermine in her every vote.
There is also whispers in the corridors that the Tory party are preparing an indicative vote of no confidence in Theresa May – this whole process is becoming messier by the day and I would choose to sit out the UK and EU instruments for now.
Today's Market Trading Levels
1. NZDUSD BUY 0.6720 – 0.6700
2. AUDJPY SELL 7940 – 7970
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