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Crude Oil Inventories & FOMC Meeting Minutes
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GRATITUDE: Our busy lives often don’t give us a chance to practice the art of gratitude, but it’s one of the most important skills a professional trader can learn. Look around you today; there are surely many reasons to be grateful, no matter where we are in our trading careers. We are thankful for the opportunities we receive every day in the markets we trade, even though sometimes we act like it’s us against them. We get frustrated when we take a loss, and sometimes can get upset at the other traders in the market but in reality it’s those traders that offer us an opportunity to provide for our families. Winning days in the market are wonderful, but we should be truly grateful for the lessons we learn from losing trades…if we can learn to take notice and show our gratitude, then we will truly learn from those loses. Think about the people that have helped you along the way today, and remember those that doubted your abilities as well because they fueled your drive and determination all the way to the top. Today lets practice this almost-forgotten art of gratitude, look around you, there’s a whole world to be grateful for today.
– BOE outgoing member Posen: ECB should intervene in Spain & Italian yields; Germany would be ill-advised to let euro breakup
– Fed’s Evans: Fed should provide more accommodation; rates should stay near zero until unemployment decline below 7%
– LCH Clearnet: To accept Gold as collateral for margin
– German 2-year Schatz auction results described as ‘tad soggy’
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