Posted in: spread-betting
RE: Trading/Spreadbetting board12 Jul 2011 19:29
Basic news feed , not my work and expected...
China's inflation escalated to the highest level in three years, jumping 6.4 percent year-on-year in June, the National Bureau of Statistics (NBS) said on July 9.
The June inflation rate accelerated 0.9 percentage points from May's 5.5 percent which stood at a 34-month high, both far exceeding the government's annual inflation control target of 4 percent.
Of the 6.4-percent CPI growth in June, 3.7 percentage points were contributed by the carryover effect of price increases last year, the NBS said in a statement on its website.
Food prices, which account for nearly one third of the basket of goods in the nation's CPI calculation, continued to rise 14.4 percent in June from the same month last year, a pace faster than May's 11.7 percent. Pork prices topped the rising list with an increase of 57.1 percent. In addition to pork, other food categories, including grains, eggs and aquatic products, also rose more than 10 percent.
Growth in non-food prices also accelerated to 3 percent in June, up from a year-on-year increase of 2.9 percent in May.
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from me...
... I thought that prolific intraday trading on a spread bet basis was the best , it gave me a buzz and made good monies, but it took up much of my time , changed my personality and life with my family started to suffer. I was a consumed maverick trader.
With more than a little help from my friends and family, I now trade with the full respect of all those that surround me.
From my point of view and only in my opinion , try not waste your energy, rather simply focus your mind on trying to understand the key elements that will create the change in market direction and then trade upon such as the most profitable trade is that of change. My personal trades have reduced from several thousands to less than a few hundred year on year and my understanding of the exponential function is becoming much clearer... some nice posts coming through on this board , atb , Mark