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:
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Today's Market Fundamentals
Another choppy day yesterday as the market struggles to make sense of the continuing risky environment – it sometimes feels as though the world is going mad. While the US has gone quiet on the potential trade war, the Chinese have got very vocal this week – in my mind this is the first sign of some panic by the world’s second biggest economy. The Chinese have stated yesterday that they will start pulling back on rare earth exports – some of these are vital in the development of high-tech products. The market in time will find an alternative, but this is an illustration that trade tensions are starting to escalate.
The leadership race in the UK is starting to heat up, it is reported that Jeremy Corbyn is set to back a second referendum in the coming days. This could be political suicide – ask David Cameron – as another win for the “Leavers” could essentially see the end of his career as the opposition party leader.
Can someone just bring on the World Cup Cricket!
Today's Market Trading Levels
1. GBPCAD BUY 1.7025 – 1.7000
2. USTECH BUY 7245 – 7220
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