IIFT Daily Note with Peter Brown

Clear as mud!

Posted by:  |  Time: 8:06 am  |  Topic:
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Vote passed, Euro bounced. What next.

Looks like a quiet enough summer for the Euro now. This pair is more about the dollar now. US bonds getting hammered causing dollar to weaken. Us equity market getting into sell territory around 1315 level. Need to trade the ranges for the summer. Scalping trade on WTI made 50points yesterday.

Next week we may be able to put some levels on these ranges for you. In the meantime Euro looks set for higher short term.

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