IIFT Daily Note with Peter Brown

All about the ECB

Posted by:  |  Time: 7:36 am  |  Topic:
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Yesterday was another down/up and finish unchanged, kind of day. We are getting used to them. The market is calm because of the expectation that the ECB will do the necessary when required i.e. buy bonds. There is a lot of confusion about how and which bonds they will buy. however the market believes they will and at the moment that is what matters.

In the meantime we trade the ranges   1.2380  1.2290   and 1418  1410

Euro will have to break 1.24 to break the current cycle and 1420 on the S&P

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