IIFT Daily Note with Peter Brown

Market is confused

Posted by:  |  Time: 7:22 am  |  Topic:
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Sell off followed by a decent rally. Today we have a raft of economic stats so the market is set to flip up and down all day. Overall I still think the market will go lower but with so many releases today it will be hard to find levels for trades.

Big picture has problems ahead as we know, Syria uncertainty, debt ceiling, emerging markets , tapering.

But today is all about the stats. A day for the jobbers!

Levels are 1640  1626n  Euro  1.34  1.33  looking a bit soft be careful.

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