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 was a little subdued yesterday, which is what should have been expected given it was a holiday in both the US and Canada. It does seem as though now that a deal between the US and China nears completion, the US will start turning their attention elsewhere and it seems as though the EU are very much in the firing line.
It would seem as though the US will turn to auto tariffs in the EU, the EU have already come out warning Trump that they would stop buying soy and natural gas as a response. Given what is happening around the world, I don’t think that the EU are in the best bargaining position.
Elsewhere, the EU has told the UK that they are not up for renegotiation on their original deal but they would be happy for the UK to postpone the date of Article 50. I still think that this is short sighted for the EU.
Today's Market Trading Levels
- Gold SELL 1324 – 1327
- EURUSD SELL 1.1280 – 1.1260
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