IIFT Daily Note with Peter Brown

Euro strong, Fiscal Cliff in focus.

Posted by:  |  Time: 7:56 am  |  Topic:
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Euro is strong in the face of little news. We expect that to remain in place untill year end. Targets are 1.3200 up as far as 1.3450.

S&P is different and will react to all the news on the Fiscal Cliff. Expect up and down days with the risk to the downside as we get closer to the deadline. Resistance is at 1425  1431  1437  support is at 1411

Could be quiet today. Need some news to kick start the week.

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