October was a really good month for me and I am happy for winning the prize. The competition was really tough and there was no clear winner until the last day. I am sure that driving a Ferrari will be an amazing experience and I am looking forward to getting to booking in my experience.Read more
September was a busy month for both the oil and STIR’s markets as important data and speeches were released and digested by markets, however it became clear that certain events had been mispriced into the market.Read more
Well thank you for your time today to discuss your golden rules of trading. First off, for a bit of background, how long have you been trading and what first got you interested?
It all began back in the 1980s when the government was privatising assets and I, like many others, started trading in equities. On the back of that I was attracted by the world of futures trading due to its vibrancy, and the excitement and exhilaration of not knowing what happens in the markets by the minute, hour or day. The feel good factors of the win and being your own boss were big draws too. A trading career has the potential to give you a great work/lifestyle balance. It provides you with choice in life which can be a rare thing!
The DAX (Deutscher Aktienindex (German Stock Index)) consists of 30 major blue-chip German companies including, Adidas, BMW and Deutsche Bank that trade on the Frankfurt Stock Exchange. Recently the DAX has been struggling with reports of weak economic data and the current state of the Euro zone.
The DAX closed down this weekend by 2.4% at 8,788.81 points, its lowest level since October 2013, which is a stark contrast to the record high of 10,050.98 points earlier this year in June.
Currently we are experiencing record low yields on the German 10 year Bund; in fact investors are currently gaining a real negative return when taking into account inflation. But what are the key drivers behind this ultra low yield environment?
While country financiers are celebrating this low borrowing cost, the reasons behind it are gloomy. Initially we had observed a rally within bonds based on the ECB's strong commitment to embark upon a large scale purchase of euro zone government bonds. However the current economic data coming out of Europe and the lacking inflation across the zone is pushing investors to believe that perhaps Europe is approaching a 'lost decade' as was observed in Japan.