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
After PM May’s deal was defeated on Tuesday night, yesterday morning was always going to be a little quiet, it was almost a reprieve from the volatility and perhaps a break from the volatility still to come. As expected, PM May survived her no confidence vote – although there are many within the conservative party that don’t particularly agree with how May is dealing with Brexit – they also don’t want to lose the right to govern.
There will have to be cross-party talks and there will in all likelihood be an extension of Article 50, the alternative options are no Brexit or a no deal. Keep an eye on risk appetite which may change in the coming days. What this Brexit “circus” has done is take the spotlight off of Washington and Chinese growth concerns – the US government shut down remains and it is puzzling what little influence it is having on the equity markets, the Chinese are adjusting economic forecasts to remain within reasonable range.
Today's Market Trading Levels
- Gold Short 1292 – 1295
- EURCAD BUY 5090 – 1.5060
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