Forex Market Outlook 13 February 2019

Market Outlook Commentary – 13 February 2019

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

Yesterday was all about the “love” Donald Trump was showing the market, his comments that the US would make “great deals on trade” and that “we don’t want China to have a hard time” were well received leading into talks with China next week.

There were also rumours that the US would reach a deal around the border wall and that they would avoid another government shutdown – this led to a little bit of risk off, I would keep my optimism in check as we have seen in the past this can change quickly.

There have been limited opportunities this week, I continue to use a long term strategy to seek high probability intraday trading opportunities.

Today's Market Trading Levels

  1. Gold SELL                             1314 – 1318
  2. UK100 SELL                          7165 – 7185

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