IIFT Daily Note with Peter Brown

Drifting higher

Posted by:  |  Time: 8:10 am  |  Topic:
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Markets are calm and intra day moves have slowed down. In this type of market it is very important to get your first trade right. Loosing on a trade is very hard to recover as the moves are small.

Market seems, it will creep higher in the abscense of any news. Hard to say whether the Euro will stop or just keep climbing to 1.5000. They have certainly taken the fear out of the market. Probably best tactic is to scalp news.

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