IIFT Daily Note with Peter Brown

Market has settled down

Posted by:  |  Time: 7:59 am  |  Topic:
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We made a new high for the year, great and yesterday we consolidated. There is a chance the market will settle down at these levels for a while. No big news on the horizon until next months NFP. FX is already range bound and it is likely stocks will do the same. Trade at the top or bottom of the range unlikely anything big will happen.

Nothing of note on the calendar today so expect Calm conditions and a day for jobbing.

Levels are Euro 1.3650  1.3580  S&P (MAR) 1842  1832  Wall St (DFB) 16450  16350

 

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