With all the doom and gloom around, I’ve been cheering myself up recently by reading obituaries. These are far less depressing than all the newspaper pages on the recession/depression. I’m sure I’m not alone in looking forward to the festive season, which appears to be coming a little earlier this year.
FX volumes really dropped off this week, not surprising given that the US markets were shut for Thanksgiving. Talking to some of my sell-side chums, most said that on the whole it was only customers with a genuine need to trade that were doing anything.
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