It is the nation that devalues last which suffers the deepest deflation.
Albert Edwards
The first quarter ended and it makes sense to look ahead and think about what could be expected in the second quarter. So, as we wrote in January in our annual forecast, we do not expect the year to be very positive and the same applies to the second quarter. But even during difficult times one can make a profit in the financial markets...
The third quarter of 2009 did not produce much excitement. The biggest surprise came from sugar prices which rocketed higher due to a large speculative interest. A quarter ago when we published the summary of the second quarter then we wrote that the third quarter would be uninteresting with most of the traders on vacation and therefore low volatility. This is exactly what happened...
The second quarter of 2009 turned out to be quite interesting one. Euro, stock indices and commodity currencies finished the quarter with large gains. The movement of major instruments was in the second quarter as follows: crude oil gained 40.74%, gold gained 0.52%, euro gained against the dollar 5.7%, 10-year note dropped 6.3%.
As a vibrant proprietary trading firm, Spada Capital is the ideal place to build your career. We provide a wide range of work experience and learning opportunities through our trading business. Spada strives to maintain what we consider to be important balances: Our firm is small enough to be dynamic, yet...
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