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Get rich or die trying, do traders reach a point when they should give up trading?

It’s not a free radical gambling ‘gene’ that keeps traders coming back for more when they’re continually losing at trading. More likely they’re; determined, focused and persistent individuals who sense that they’re incredibly close to enjoying the liberating feeling of trading success. They don’t want to stop when they instinctively know they’re inching closer day […]

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Default could be worse than the 08 crisis, USA unemployment claims fall, IMF warns over shutdown as does one of the biggest hedge funds…

Shares in New York fell sharply on Thursday afternoon after the US Treasury warned that the budget impasse between the Republicans and Democrats in Washington risked plunging the world’s biggest economy into its worst slump since the Great Depression; [quote]“A default would be unprecedented and has the potential to be catastrophic. Credit markets could freeze,

Default could be worse than the 08 crisis, USA unemployment claims fall, IMF warns over shutdown as does one of the biggest hedge funds… Read More »

The ECB keeps rates at 0.5%, USA jobs numbers disappoint, whilst the govt. shutdown enters its second day…

On Tuesday market investors appeared to brush off the partial shut down of the USA government; equities rallied in Europe and the USA, whilst the Nikkei and the ASX 200 rose. However, Wednesday was an entirely different scenario; the USA markets fell sharply shortly after the market opened to recover some losses towards the end

The ECB keeps rates at 0.5%, USA jobs numbers disappoint, whilst the govt. shutdown enters its second day… Read More »

USA Treasury uses its final extraordinary measures to avoid debt limit breach and default

  The U.S.A has begun to use its final extraordinary measures in order to avoid breaching the nation’s debt limit, Treasury Secretary Jacob J. Lew said as he urged Congress to increase borrowing authority. By his calculations the USA will run out of funds by October 17th. Spending by the USA govt. can reach $60bn

USA Treasury uses its final extraordinary measures to avoid debt limit breach and default Read More »

Global markets remain calm and make positive gains despite the USA government shutdown

The trading day on Tuesday began with investors fearing the worst due to the USA partial government shutdown, however, once the New York open began to approach it had become obvious, through European markets early performance and the USA equity future index futures, that investors fears were overdone… Analysts at IHS have calculated that at

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S&P to hold fire on a USA credit downgrade as the unbelievable may just happen; a USA government shutdown…

  It would appear that the USA government is inching towards a shut-down, the ‘saving grace’ is that the leading credit agency, Standard & Poor’s, is signaling that it isn’t concerned enough to downgrade the USA government credit status by another notch. In a research note delivered to the financial industry, S&P lowered the probability

S&P to hold fire on a USA credit downgrade as the unbelievable may just happen; a USA government shutdown… Read More »