IIFT Daily Note with Peter Brown

It’s quiet out there

Posted by:  |  Time: 7:48 am  |  Topic:  |  Comments: 1
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No decision on Spain and thier bailout so the market is in limbo. A negative day yesterday but the bottom end of the ranges held strongly. Expect a quiet day today unless we get some new news.

Ranges are S&P 1455  1445    Eur/Usd  1.3000  1.2940  Gold 1780  1774

Very tight but volumes are low. Mood is slightly negative but nothing to write home about. We just have to wait for some volatility.

One Comment

Eddie

October 9, 2012

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Wait till 1 pm for a few scalps, then stronger news tomoro. What’s your opinion on the eur if Spain gets funded?