IIFT Daily Note with Peter Brown

Archive for July, 2017


Trading conditions looks good

Posted by:  |  Time: 7:34 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

All markets are pretty predictable at the moment. The DAX is lower because the Euro is higher. The dollar is lower because Janet Yellen is not as hawkish as Mario. Gold and silver are higher because the dollar is lower. The S&P and DOW are moving sideways through Continue Reading →

S&P takes a hit.

Posted by:  |  Time: 7:26 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

A quiet market ended very volatile after London close when the S&P lost 200 points. A reversal in tech stocks is the best reason I can associate but the fact that Trump was heading for a loss on his health bill may have exacerbated the selling. Quite an Continue Reading →

Dollar down on Janet.

Posted by:  |  Time: 7:31 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

 

IIFT 2

Good Morning

Pretty much as expected yesterday. The market started off strong and more or less held that mood all day. Janet was totally benign at 7pm and that thumped the dollar which meant gold and silver jumped.

That is it in regards to Central bankers until September, so Continue Reading →

More of the same and a few straddles.

Posted by:  |  Time: 7:35 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Again it was a fairly active day with plenty of action and up and down movement. At the end of the day we had a stronger dollar on the back of some good data but indices were unchanged. Even gold and silver and oil were punchy markets.

We Continue Reading →

Markets have all settled down.

Posted by:  |  Time: 7:35 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

We had a fairly stable up day yesterday. No surprises or big moves. It did take the DAX a long time to find support and the rally when it came was less than I expected. There is no doubt some damage has been done and there is a Continue Reading →

All action on the DAX and Euro.

Posted by:  |  Time: 7:31 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

The end of last week was all about Draghi. Boy did he upset the market. We now are speculating that tapering (the reduction of QE) will start in the autumn, the Euro roared and the DAX plummeted.

There is a stark difference now between European indices and the Continue Reading →

Draghi upsets the market unintentionally.

Posted by:  |  Time: 7:37 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Yesterday was all about the ECB and Mario Draghi. I thought he did his best to sound dovish but the market was not willing to listen. They focused in on any comments that were bullish economically and reacted accordingly. The Euro roared and the DAX got a thumping. Continue Reading →

Draghi set to stall until September

Posted by:  |  Time: 7:33 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Yesterday was a good day for the indices, S&P doing a bit better than the DAX, all in all though more of the same really. The Euro has settled down under 1.1600 and that has calmed the Euro indices down.

All the hype is around today and the Continue Reading →

Indices are whizzing up and down.

Posted by:  |  Time: 7:30 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

We are whizzing up and down and with a good bit of volatility. We are not going in a sustained direction however and that is typical of summer markets. Certainly some of the earnings announcements are interesting. Goldman yesterday, hurting on the bond and commodity side. Great news Continue Reading →

Dollar weakness is causing all the action.

Posted by:  |  Time: 7:29 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

I gave a bit of a bum call yesterday so apologies for that. The weakness of the dollar and therefore the strength of the Euro put a halt to the DAX rally. So we had a big sell-off rather than a fade. The dollar weakness has continues overnight Continue Reading →

Focus on US Earnings.

Posted by:  |  Time: 7:26 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

Well a stunning rally on stocks Friday afternoon. Expected earnings figures have the market fired and ready to rally. We are again at all-time highs and for the bears this is a seriously difficult market. Earnings need to deliver to keep this momentum going so it will be Continue Reading →

Steady, but the bias is ‘Risk On’

Posted by:  |  Time: 7:23 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

The market held its gains yesterday in a much narrower range than expected. So we have calmed down and the next move should be higher. Today we have US CPI and that should provide a bit of action. I would straddle that with USD/JPY just because the US Continue Reading →

Janet set’s the pulses racing.

Posted by:  |  Time: 7:32 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

A big up move in the index markets yesterday afternoon sparked By Janet Yellen. Growth, jobs, low inflation and slow interest rates is a heady mix for stocks. The market loved it and we are headed to all-time highs again it would seem. She certainly broke the market Continue Reading →

Dollar a bit softer

Posted by:  |  Time: 7:33 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

A great fade trade yesterday morning to start the day. After that it was pretty quiet. Late afternoon the S&P sold off and so did the dollar, political headlines mainly to blame there.

So we start this morning with a choppy market. DAX is in sell mode initially Continue Reading →

More of the same.

Posted by:  |  Time: 7:29 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

IIFT 2

Good Morning

There is little on the calendar again so expect similar price action to Monday. Bias is slightly positive and there is some volatility but we are unlikely to break out in any direction meaningfully. USD is still strong against the JPY and that is keeping the pressure on Continue Reading →

Should be a slow weak with an upward bias.

Posted by:  |  Time: 7:34 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

IIFT 2

Good Morning

Good NFP data on Friday, strong growth in Jobs with no sign of inflation. The market took that well and it may have ended our recent sell-off. As I have said before the US is growing, not a lot, and creating jobs, but without inflation. The Fed will Continue Reading →

G20 and NFP to keep things buzzing

Posted by:  |  Time: 7:40 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

There is action in this market. Surprisingly the sell-off continued yesterday and we may be set for a bit more. The thin markets are focused in on Central Bank policy changes which will haev little effect in the medium term but sentiment dominates in summer markets and that Continue Reading →

Nice market but no direction.

Posted by:  |  Time: 7:35 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

 

iift-email

Good Morning

There is a lot of stuff going on but not enough to break the sideways pattern. Oil is up and down and we have crude oil inventories today, which is a straddle opportunity. The G20 kicks off also and Trump and Putin meet face to face for Continue Reading →

A quite day ahead.

Posted by:  |  Time: 7:36 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

We just basically lost a day there as all the levels are the same this morning. Market looks stable and bias is slightly up. We have the FED minutes out later. That is worth a straddle though I suspect a small one. Once this is out of the Continue Reading →

Happy 4th of July

Posted by:  |  Time: 7:29 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

A IIFT 2

Good Morning

There is some crazy stuff going on for sure. The market had a nice recovery in it until 5 pm when some wrong pricing on Amazon and Apple stock appeared on Google Finance, Yahoo Finance and Bloomberg. This spooked the market and caused a sell-off in the S&P. Continue Reading →