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IMF chief Lagarde the latest name thrown into the hat to succeed Draghi as ECB president

The rumours are flying all over the place as the European Council summit start time gets delayed again

Lagarde

European leaders will now only begin their sit-down session at 1300 GMT after the start time has been delayed since the morning. Of course, all of this is happening as everyone is scrambling to negotiate with their respective parties and counter-parties in order to work out an agreement for who will take up Europe’s top jobs.

The latest update sees IMF chief, Christine Lagarde, emerging as a possible frontrunner to succeed Draghi as ECB president, according to Bloomberg. Frans Timmermans is said to remain as the main candidate to become European Commission president but is encountering opposition from several nations from Eastern Europe.
There’s also talk that we could see a split as per the following in order for all parties to try and reach some form of agreement, although I doubt most countries will be happy with Germany taking up the European Commission presidency and still having Manfred Weber chair parliament for 2.5 years:
EU leaders

22 Ways to Avoid Losing Money

0221. Overtrading – Trading often with tight stops and tiny profit targets will only make the broker rich. The desire to “just” make a few thousand rupees a day by locking in tiny profits whenever possible is a losing strategy.
2. Over leveraged – Leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position the more spread income the broker earns.
3. Relying on Others – Real traders play a lone hand; they make their own decisions and don’t rely on others to make their trading decisions for them; there is no halfway; either trade for yourself or have someone else trade for you.
4. Stop Losses – Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade commit to a reasonable stop loss limit that allows your trade a fair chance to develop.
5. No Trading Plan – ‘Make money’ is not a trading plan. A trading plan is a blueprint for trading success; it spells out what you see your edge as being; if you don’t have an edge, you don’t have a plan, and likely you’ll wind up a statistic (part of the 95% of new traders that lose and quit). (more…)