IIFT Daily Note with Peter Brown

Greek deal now for Italy

Posted by:  |  Time: 7:14 am  |  Topic:
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We are going to rumble on towards Christmas with this stuff. Lurching from risk on to risk off as each comment is released.

More or less a range trading market unless we hear something dramatic. Euro looks a good sell in the 1.38’s and a buy around 1.3650.  S&P likewise at 1255 and 1235.

Keep an eye on Italian bond yields and Merkel’s response to the Greek deal. Are they trying to get them out of the Euro?

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