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
Yesterday was all about Brexit talks in Parliament yesterday, there were a couple of amendments that needed voting on which would determine the next step – the two most important being the Brady Amendment and the Cooper Amendment. Unfortunately the Conservative Party and the Labour Party are again backing differing amendments – the Cooper Amendment backed by Labour was safety against a “no-deal” but this failed.
The Brady Amendment which passed, essentially allows PM May to go back to Brussels to renegotiate, the fall back of this is that the EU stated yesterday that the withdrawal (with backstop agreement) is not open for re-negotiation. This would indicate that we are in fact heading for a no deal, the next significant vote is on the 13 February and it looks as though Parliament are in fact looking for a “Plan C.”
There was news again from the US that they are seeking extradition of the Huawei Canadian-held executive which China objects to. The US-China trade talks resume today and this may be a political move by the US.
Today's Market Trading Levels
- GOLD SELL 1315 – 1320
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