IIFT Daily Note with Peter Brown

Correction Over?

Posted by:  |  Time: 7:48 am  |  Topic:
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Looks like a risk off day. Yesterday’s move was confusing. Market is driving out shorts on these rallies only to return to the trend.

Difficult to stay in positions at the moment but the macro position is a weak US economy and a Greek debt situation they cannot solve.

Euro/USD through the 1.4385 pivot as we speak. Eur/Chf is 200 pips higher than a few days ago! There is value in these markets selling and banking and then looking for levels to Re-Enter

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