IIFT Daily Note with Peter Brown

Bonds, FX and Indices all set for volatility today

Posted by:  |  Time: 7:02 am  |  Topic:
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There is a lot going on. Mainly in Europe. Spain again the focus. Watch the bond yields closely. A bit of a spat brewing between Sarkozy and Merkel. This guy will do anything to try to get re-elected. It’s going to be a pretty simple market. Sell or buy based on Spain and Italy but watch out for the ECB buying bonds, this will cause a brief rally.

Levels are 1.3000 to 1.3085 on Euro/Usd

1360  1370 on the S&P

If ECB buy Spainish bonds the market will rally hard. So be careful first thing.

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