IIFT Daily Note with Peter Brown

G8 adds some stability to Bonds and Fx

Posted by:  |  Time: 7:31 am  |  Topic:
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Mood this morning is a little better thanks to the G8 support of Greece and their call for stimulus measures. As we know this sort of rhetoric rarely leads to action. It will take a session or two to get back to the bear market. In the meantime where are the sell levels?

Well on Euro Usd 1.2800 looks a good sell level if it gets back to there. On the S&P 1300.

It is important how the market reacts today. Remember we have fixed nothing at this stage so bear markets are only around the corner.

We missed the chance on Gold. Unfortunatley it started it’s rally before it got to our target level. We would need a set back to enter.

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