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
Fresh after the Draghi speech last week – which on the whole was somewhat dovish, it has emerged that the majority of the big players believe that those rates are even too optimistic. As part of the trade deal with the US, China are considering lifting a trade ban on poultry and also buying more pork – on initial release this seemed as though this may be an attempt to get things ticking again on the trade deal. Considering there is currently African Swine Flu in pork this could merely be an attempt to meet their 30% in supply deficit.
There is the usual Brexit chatter that is going around also – as we mentioned last week though, we would prefer to wait on something concrete before we reported again.
Today's Market Trading Levels
1. DE30 SELL 12110 – 12150
2. Brent SELL 7190 – 7230
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