IIFT Daily Note with Peter Brown

Dollar weakness but stocks up

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Good rally on stocks yesterday after the housing figures in the US. 1328 seems to be holding on the topside. Dollar weakness has driven the Euro through 1.2500 in Asian trading. Nothing much to say today, waiting for the EU summit. There seems to be a clear divide developing between Merkel and the rest. I do not see a positive outcome from the meeting, in fact I think the differences will be more evident and entrenched.

Trading this sort of event is dangerous and I like to wait for the market reaction before acting.

In the meantime a little jobbing will not hurt. Ranges are 1.3330   1.3008  and 1.2525  1.2435

One Comment

David Madden

June 29, 2012


I see you have a Boot Camp coming up shortly in Dublin which I’m unable to make.
Can you please include me in your email lists for any further such camps? I am most interested in a weekday seminar but obviously I’ll consider all options.
Kind Regards