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
Markets seemed a little more optimistic than I expected last night as Chinese data remained firm and this led to some risk appetite. There are also some reports that suggest the US and China will sign an official trade deal by late May – we will believe it when we see it but in the interim this could lead to some profit taking in the equity markets. This is on the back of news that there will be continued Chinese stimulus for the remainder of the year – another indication that we are going to have some seriously lower growth in the next 12-24 months.
Keep in mind is the start of a long weekend and so liquidity will be sorely little later this afternoon, for those of you that are traveling this year – travel safely.
Today's Market Trading Levels
1. DE30 SELL 12150 – 12180
2. Brent SELL 7190 – 7230
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