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
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Today's Market Fundamentals
The market was “left hanging” yesterday as there was very little in the way of headlines to drive the market. There was not the usual slew of Brexit headlines either as PM May attempts to throw the dice once more ahead of the EU Summit tomorrow. I suspect that we may be close to a deal as for the first time we saw a hint of panic from the opposition party last night – Corbyn asked for any deal struck by May to be put to a public vote. This to me smacks of desperation and for someone that is so desperate for a deal.
The currency market will go into a slumber late morning today ahead of the FOMC meeting, the expectations are for the Fed to reiterate a hold decision, the risk for the committee to lower dot plot projections.
Today's Market Trading Levels
1. GBPJPY SELL 148.30 – 148.60
2. EURJPY SELL 126.60 – 126.90
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