IIFT Daily Note with Peter Brown

Choppy trading ahead of draghi

Posted by:  |  Time: 8:26 am  |  Topic:
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Market is nervous and skittish ahead of Thursday’s ECB meeting and of course Draghi’s press conference. Some now thinking he may not deliver and has over promised. Really we have to wait and see any other strategy is pure guessing.

For today the Euro is attempting a break of 1.2330 don’t believe we can make much headway ahead of tomorrow.

On the S&P 1.387 on the top side and 1370 on the bottom.

In reality these levels are irrelavent as they will be smashed one way or another tomorrow  or Friday.

This is a wait and see situation.

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