Forex Market Outlook 22 February 2019

Market Outlook Commentary – 22 February 2019

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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  • Commodities
  • Stock Indices 

Today's Market Fundamentals

The market continues to wait on news out of Washington regarding the trade talks between the US and China. Headlines that the two are drafting multiple memorandum of understanding which covers intellectual property, services, tech transfer, agriculture and currencies. This triggered a risk on environment and emerging markets were a major benefactor.

Conflicting new out of the UK is confusing the European markets, sources in the UK don’t believe that we will have any deal in the coming weeks, in theory that shouldn’t really change much. The EU however are reporting that there will be something concrete by mid-March – this kind of news often creates unnecessary volatility. 

Today's Market Trading Levels

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