IIFT Daily Note with Peter Brown

Be careful it is Friday

Posted by:  |  Time: 7:05 am  |  Topic:
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Euro finance minister’s meet in Dublin today so watch out for some loose comments. And it’s Friday after a strong week on the S&P. There is a danger of some profit taking so we will suspend the buy on dips strategy for today. A good day to be cautious.

USD/JPY still struggling from an over bought position and the 100 target.

A day for jobbers so the levels are:-

S&P 1592  1582 be careful late on in the afternoon

Euro 1.3140  1.3100  1.3080

USD/JPY 100 99.20  98.80

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