IIFT Daily Note with Peter Brown

Looks like a summer market

Posted by:  |  Time: 7:24 am  |  Topic:  |  Comments: 1
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Back from holidays and it looks like nothing went on. Good. Will take me  few days to get back into the groove. It looks range bounce on first impressions.

S&P Has had a couple of dips to 1670  but looks toppish at 1700

Elsewhere dollar is weak. Quiet a surprise that for most traders. We were expecting a dollar bull run, hasn’t happened.

Euro is 1.3400 to 1.3300   USD/JPY looks supported at 95.80 ( an old chart point)

More tomorrow after a days trading.

One Comment

Ross

August 12, 2013

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Range bound as ever.