BRASILIA, May 22 - Brazil posted a current account deficit of $8.318 billion in April, central bank data showed on Wednesday.
The country had been expected to post a deficit of $7.222 billion, according to the median forecast of 20 analysts in a survey. The forecasts for the deficit ranged from $6.5 billion to $9 billion.
I yesterday watched the movie “Too Big to Fail” and I was just struck by the fact that the situations today are just the same, if not worse. It is a brilliantly made movie and any person planning to make a career in trading and finance will do well to see this. It is quite a critical day today and OpenBook has been quite useful in giving a view to the people mind set. It was quite interesting to see that our trading decisions were some times entwined with our political beliefs and supports.
From my perspective, I need to keep one factor in mind. I am a trader, I am not a politician and in order to make a success of my job I need to see what should I do, whatever happens in Greece or Euro. I may like a leader or a particular outcome of Greek elections or Euro problem but decisions of the trade should be kept independent of that.
Another observation which I have been noting for some time; people who use sentiment as a trading input will certainly find this interesting. Especially interesting is EUR/USD positions between low, medium and high risk traders. It is quite an insight into how the different traders are interpreting the markets and what may happen in short medium and long term.
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