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
Surprisingly the markets have been somewhat subdued over the last couple of days, the economic calendar has been active – it may be that the market has become dependent on big news flow of late. There are reports that the Labour Party met with PM May regarding Brexit and we wonder if there will be some form of agreement, given that the EU offered a tempting olive branch on Wednesday evening of a customs union which allows the UK to have a say in trade deals.
It seems as though some ministers have had enough and are starting to be open to a second referendum. I am still not tempted to trade in cable pairs, despite the volatility creating some opportunity.
Today's Market Trading Levels
1. AUDJPY SELL 79.65 – 80.00
2. EURJPY SELL 126.14 – 126.30
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