Trading Diary & Market Update ~ Monday 7th October 2013
09:35am (CET) ~ Although there was no bad news over the weekend, the European markets are opening considerably lower as there is growing concern about the debt-ceiling crisis in the U.S. the world’s largest economy. Originally it was perceived by the markets as merely political point-scoring between the democrats and republicans, but now due to the total lack of compromise on either side, traders are getting more nervous as it looks like there will be a serious consequences for the U.S. economy. And as we know, if the U.S. sneezes, the rest of the world catches a cold.
There’s no trading for me today as I am down in the marina helping with boat repairs hopefully followed by a peaceful sail in the sun. Before that a cycle down into Calpe to start the week off on a healthy note.