Usually, following markets means scrutinizing every up and downtick. The markets seem to have become hostages of every economic US indicator and announcements from public officials. Is that really important for WTI participants? Are they following specific market issues or global issues? Do they read research papers? US corporations begin this week to announce earnings, and the question is: will we have more blood in the streets for the overall markets, after 5 weeks with consecutive gains?
Patryk Hołody is the leader of the Polish League and also the leader fo WTI in this second week of the competition with gains of 32.34%.
Patryk Hołody follows the forex market, he prefers to see the big picture, Löbl Péter Pál which is second from Hungary is of the same opinion. So what happen in the big picture? Japan is putting another US$ 150 billion on another stimulus package, and is one of the countries involved in quantitative easing. The Bank of England did not change the rates at last week meeting but maintain the quantitative easing announcement. In Australia consumer confidence rebound for the first time this year. The US Trade deficit for February plunged to US$ 26 billion versus 36 billion last month.
