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
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Today's Market Fundamentals
Comments over the weekend by both the US and China over the weekend always meant that markets were going to tough yesterday – and so they were. Donald Trump seemed to be baiting the Chinese by insisting that China needs this deal as the US could essentially avoid tariffs elsewhere, although he has some merit to his argument – neither side will be spared by a trade war. The Chinese responded by vowing to never bow to foreign pressure and then promptly raised tariffs on some Chinese goods from 1 June.
The US has also indicated that the EU and Japan will be next in their line of sight, although all indications are that a deal with Japan will be sorted quickly. The puzzling thing is that he later come out and stated that he felt negotiations between the US and China will be successful.
It’s official though – the world has lost the plot!! As such I am only looking at one real opportunity this morning.
Today's Market Trading Levels
1. EURGBP SELL 0.8670 – 0.8700
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