Traders should be able to admit, when they're wrong. As we explain in great detail in Splitting Pennies - there's nothing worse than a trader who takes great effort to explain reasons why he was wrong or why it wasn't in fact his fault, it was the market! (or some such nonsense). Such severe psychological factors is the reason that many traders opt for algorithm developement.
Here we go again. After all of the incidents that have taken place over the last few months between the U.S. and Russia, capped by NATO moving 4,000 troops to the Russian border, one would assume that the antagonizing would stop, at least for the time being.
Then again, the U.S. will do whatever it pleases.
As Sputnik reports, yet another U.S. surveillance plane flew close to the Russian border earlier today, although as of right now it is not clear if it was again intercepted by a Russian flanker.
The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this new century for oil.
When Crimea's secession to Russia was accepted by Putin, the logical next phase of the process was to cut off Crimea's reliance on Ukraine for energy, and fully integrate it into Russia's supply network. That phase has now been completed, as the fourth and final line supplying electricity from mainland Russian to the Crimean peninsula has been completed according to RT...
Submitted by Eugen von Bohm-Bawek via Bawerk.net,
Another month, another OPEC meeting beckons for 2nd June. But unlike typical meetings on the Danube (let alone dust filled haze of Doha), the producer group might just have a new King in town. It comes in the form of Russia; the number one global producer that’s not even technically a member of the cartel. Confused? Don’t be. The argument is quite simple.