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
Yesterday was dominated by two key events, the first was Brexit developments where PM was rumoured to be taking a no deal scenario off the table as well as possibly delaying the exit. The second was Fed Char Powell addressing the market, where it was highlighted that all 12 voting member had voted for rates to remain in January. Powell emphasized that by being patient the Fed is no rush to make any policy judgment, which is slightly less dovish than what was portrayed last month.
It was confirmed that PM May in the UK would be seeking a delay in exiting the EU, this would of course be dependent on some legality – could this Brexit scenario be turning the corner.
Today's Market Trading Levels
- DE30 SELL 11540 – 11560
- US30 SELL 26090 – 26115
- US500 SELL 2790 – 2810
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