IIFT Daily Note with Peter Brown

A slightly better tone

Posted by:  |  Time: 7:54 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

The market is looking a bit better this morning. A better Asian session and expectations of good GDP figures in the UK have given these markets a little boost. No deal reached yet on Greece but a possibility of an extension on payment times.

All in all we have started flat to up this morning. This market is still in a bear trend untill 1420 is breached on the S&P.

We might get a correction today after the last few days of selling.

Support and resistance are . S&P  1402  1420  Euro  1.2930  1.3070 

It will be interesting to see if the market can put in a small rally. As I write Euro is having trouble making it through 1.3000.

Comments are closed.