IIFT Daily Note with Peter Brown

IMF wants Draghi to stimulate.Fat chance!

Posted by:  |  Time: 8:51 am  |  Topic:
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We have the ECB rate decision this morning and later the press conference. I have no expectation of any rate moves are talk of stimulus. I see more of the same, ‘we are keeping a close eye etc…. Euro may get a jump of 50 points or so on that out  come. On the off chance he does something new Euro will get hit hard. Very unlikely.

Otherwise it should be fairly calm with NFP tomorrow. Stocks markets were well behaved yesterday in short ranges. Bias is to the upside until NFP.

Conditions today are Choppy/Calm

Levels are S&P (JUN) 1886 1877 Wall St (DFB) 16595  16525 DAX (DFB) 9650  9600 Euro 1.3800  1.3725  Gold 1280  1300

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