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
The market continues to be driven by risk sentiment and in particular the recent fallout between China and the US, we have an interesting battle between fear and greed which is gripping traders and there is no clear winner just yet. The sanctions placed on Huawei have seemed to touch a nerve with the company admitting that they will be left behind, they have said that they will come up with effective measures but this could be the tipping point in these negotiations.
The Chinese government however have reiterated that they have little appetite for talks with the US right now – the reason is that they believe the US are not playing nicely and disrupting the economy – I am wondering if China are the pot or the kettle. Remember Brexit? Well it is still in a mess, there are rumours that there will be continued talks in parliament but I don’t believe that PM May has any hope of getting a deal through.
Today's Market Trading Levels
1. Dax SELL 12320 – 12300
2. Brent SELL 7310 – 7270
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