IIFT Daily Note with Peter Brown

Dollar weakness continues

Posted by:  |  Time: 7:37 am  |  Topic:
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Euro now above 1.3800. Today’s release of Eurozone PMI’s are important and be careful trading ahead of the figures. However any pull back in the pair is only a buying opportunity. Equity markets recovered well after a fitful session in the US. Today I am a buyer on any dip in Eur/USD and expect the equity markets to range. Market may be volatile but I doubt the market will exceed recent highs or recent lows. Money in equities is fading these moves.

No blog tomorrow, long weekend.

Levels today are S&P (DEC) 1755  1735  DOW (DFB) 15500  15370  Euro 1.3850  1.3800  1.3770

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