IIFT Daily Note with Peter Brown

Market a little confused.

Posted by:  |  Time: 7:46 am  |  Topic:  |  Comments: 2
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After Friday’s corrections both on the S&P and the USD and a softer equity market overnight, we are a bit directionless this morning. The market has had a great run and we may be in for a bit of side ways trading for a while. The next few days will be crutial to see if the bull run continues. Elsewhere the move on Gold is massive. Whether it is down to liquidations by Cyprus or a re-evaluation of the metal we don’t know. It should be supportive for the stock markets in the long run. Equities are fast becomming the only asset class offering a return.

On FX, Euro seems to be range bound and the Jpy has bounced a little. The overbought position has a lot to do with that.

This morning we need to wait for direction, the market is skittish and some of these moves are substantial.

Levels this morning are:- S&P 1582  1574  1567  Euro 1.3125  1.3100 1.3040  Usd Jpy 98.80  98.40  97.50



April 15, 2013


Hi Peter, Would you mind explaining the level in the next class “Levels this morning are:- S&P 1582 1574 1567 Euro 1.3125 1.3100 1.3040 Usd Jpy 98.80 98.40 97.50″ how to interpret and to do on the charts?

Elva Burns

April 15, 2013


Hi Pavinee.

I will do that on Thursday.

Thank you for the comment