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
Risk is still very much the main driver of the markets with tension between the US and China dictating what happens to the markets and so potential headlines are going to move this market. The Chinese have taken a hard stance and would prefer to suspend negotiations, probably the goal posts shifting are not helping in relations. China have already hinted towards currency intervention this week, no doubt a ploy to get under the skin of the US – we are also seeing something that resembles the cold war with China backing Iran over the weekend in their dispute with the US.
The good news is that Donald Trump has found some love for everyone else, he now “loves’ the EU again and will be delaying tariffs on automakers. He is also close to negotiating a steel and aluminium deal with Canada and in return, both Canada and Mexico are to lift retaliatory tariffs on the US. This is all getting a little strange.
Today's Market Trading Levels
1. EURGBP SELL 0.8770 – 0.8790
2. Brent SELL 7330 – 7380
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