IIFT Daily Note with Peter Brown

Greece dominates

Posted by:  |  Time: 8:29 am  |  Topic:
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The confidence vote in Greece will dominate this morning and into the afternoon. We may get some fun from the Non farm payrolls at 12.30, but the figure could be in line with expectations. A particularly bad figure would be interesting given where the S&P is.

We need this Greek situation sorted. Movements like the 400 points in the DAX yesterday are hard to trade.

Best advice at the moment is to sell Euro in the 1.3840 area and buy low 1.37’s in other words while there is no resolution play the ranges. No strategic positions as the outlook can change on a comment.

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