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 continues to be dictated by Brexit with yesterday being no exception, news started surfacing that the DUP were a long way from backing PM May whilst key politicians such as Jacob Ress-Mogg and Duncan Smith softening their stance somewhat which meant that this is still very much in nowhere land.
I suspect that a meaningful vote could be in the offering tonight – it would be s surprise but it is starting to make the most sense. Parliament have already voted that they want a deal, their options are becoming slimmer by the day – despite the overwhelming protest over the weekend, another referendum or general election would be suicide.
Another potential trade war of sorts is also starting to take shape with China halting shipments of Canadian oilseed. Canola is a major export for the Canadians and so this could be a potential hiccup for them – it’s worth keeping an eye on.
Today's Market Trading Levels
1. Gold SELL 1317 – 1320
2. Brent SELL 68.10 – 68.40
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