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
After all the drama in the UK Parliament this week, the no confidence vote against PM May turned out to be a bit of non-event in terms of volatility. As was expected, she was able to hold onto power albeit at a much tighter margin than was expected of 325-306. There does seem to be some political jockeying and PM May both stated yesterday that there wouldn’t be a general election – I don’t think she would make that mistake twice in her campaign – and she also mentioned that we could see a no deal scenario play out.
Jeremy Corbyn has managed to put some doubt in the opposition minds and may have even rallied some of the public. The bottom line is this is essentially what the people wanted in 2016, considering that there is no clear majority government in the UK his support has not grown as what the media are reporting. He can also demand as many no – confidence votes as he wants, until he tells the public what he would do different and that he actually wants, he is not going to win any of them.
This “circus” is bound to spill over into next week – so make sure you put your stops in place before market closes.
Today's Market Trading Levels
- GBPNZD SELL 9230 – 1.9250
- AUDNZD SELL 0640 – 1.0665
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