IIFT Daily Note with Peter Brown

More of the same and a few straddles.

Posted by:  |  Time: 7:35 am  |  Topic:
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Good Morning

Again it was a fairly active day with plenty of action and up and down movement. At the end of the day we had a stronger dollar on the back of some good data but indices were unchanged. Even gold and silver and oil were punchy markets.

We Continue Reading →

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Markets have all settled down.

Posted by:  |  Time: 7:35 am  |  Topic:
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A IIFT 2

Good Morning

We had a fairly stable up day yesterday. No surprises or big moves. It did take the DAX a long time to find support and the rally when it came was less than I expected. There is no doubt some damage has been done and there is a Continue Reading →

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All action on the DAX and Euro.

Posted by:  |  Time: 7:31 am  |  Topic:
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Good Morning

The end of last week was all about Draghi. Boy did he upset the market. We now are speculating that tapering (the reduction of QE) will start in the autumn, the Euro roared and the DAX plummeted.

There is a stark difference now between European indices and the Continue Reading →

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Draghi upsets the market unintentionally.

Posted by:  |  Time: 7:37 am  |  Topic:
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Good Morning

Yesterday was all about the ECB and Mario Draghi. I thought he did his best to sound dovish but the market was not willing to listen. They focused in on any comments that were bullish economically and reacted accordingly. The Euro roared and the DAX got a thumping. Continue Reading →

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Draghi set to stall until September

Posted by:  |  Time: 7:33 am  |  Topic:
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iift-email

Good Morning

Yesterday was a good day for the indices, S&P doing a bit better than the DAX, all in all though more of the same really. The Euro has settled down under 1.1600 and that has calmed the Euro indices down.

All the hype is around today and the Continue Reading →

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Indices are whizzing up and down.

Posted by:  |  Time: 7:30 am  |  Topic:
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A IIFT 2

Good Morning

We are whizzing up and down and with a good bit of volatility. We are not going in a sustained direction however and that is typical of summer markets. Certainly some of the earnings announcements are interesting. Goldman yesterday, hurting on the bond and commodity side. Great news Continue Reading →

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Dollar weakness is causing all the action.

Posted by:  |  Time: 7:29 am  |  Topic:
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iift-email

Good Morning

I gave a bit of a bum call yesterday so apologies for that. The weakness of the dollar and therefore the strength of the Euro put a halt to the DAX rally. So we had a big sell-off rather than a fade. The dollar weakness has continues overnight Continue Reading →

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Focus on US Earnings.

Posted by:  |  Time: 7:26 am  |  Topic:
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A IIFT 2

Good Morning

Well a stunning rally on stocks Friday afternoon. Expected earnings figures have the market fired and ready to rally. We are again at all-time highs and for the bears this is a seriously difficult market. Earnings need to deliver to keep this momentum going so it will be Continue Reading →

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Steady, but the bias is ‘Risk On’

Posted by:  |  Time: 7:23 am  |  Topic:
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A IIFT 2

Good Morning

The market held its gains yesterday in a much narrower range than expected. So we have calmed down and the next move should be higher. Today we have US CPI and that should provide a bit of action. I would straddle that with USD/JPY just because the US Continue Reading →

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Janet set’s the pulses racing.

Posted by:  |  Time: 7:32 am  |  Topic:
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A IIFT 2

Good Morning

A big up move in the index markets yesterday afternoon sparked By Janet Yellen. Growth, jobs, low inflation and slow interest rates is a heady mix for stocks. The market loved it and we are headed to all-time highs again it would seem. She certainly broke the market Continue Reading →

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Dollar a bit softer

Posted by:  |  Time: 7:33 am  |  Topic:
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A IIFT 2

Good Morning

A great fade trade yesterday morning to start the day. After that it was pretty quiet. Late afternoon the S&P sold off and so did the dollar, political headlines mainly to blame there.

So we start this morning with a choppy market. DAX is in sell mode initially Continue Reading →

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More of the same.

Posted by:  |  Time: 7:29 am  |  Topic:
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IIFT 2

Good Morning

There is little on the calendar again so expect similar price action to Monday. Bias is slightly positive and there is some volatility but we are unlikely to break out in any direction meaningfully. USD is still strong against the JPY and that is keeping the pressure on Continue Reading →

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Should be a slow weak with an upward bias.

Posted by:  |  Time: 7:34 am  |  Topic:
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IIFT 2

Good Morning

Good NFP data on Friday, strong growth in Jobs with no sign of inflation. The market took that well and it may have ended our recent sell-off. As I have said before the US is growing, not a lot, and creating jobs, but without inflation. The Fed will Continue Reading →

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G20 and NFP to keep things buzzing

Posted by:  |  Time: 7:40 am  |  Topic:
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iift-email

Good Morning

There is action in this market. Surprisingly the sell-off continued yesterday and we may be set for a bit more. The thin markets are focused in on Central Bank policy changes which will haev little effect in the medium term but sentiment dominates in summer markets and that Continue Reading →

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Nice market but no direction.

Posted by:  |  Time: 7:35 am  |  Topic:
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iift-email

Good Morning

There is a lot of stuff going on but not enough to break the sideways pattern. Oil is up and down and we have crude oil inventories today, which is a straddle opportunity. The G20 kicks off also and Trump and Putin meet face to face for Continue Reading →

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A quite day ahead.

Posted by:  |  Time: 7:36 am  |  Topic:
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A IIFT 2

Good Morning

We just basically lost a day there as all the levels are the same this morning. Market looks stable and bias is slightly up. We have the FED minutes out later. That is worth a straddle though I suspect a small one. Once this is out of the Continue Reading →

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Happy 4th of July

Posted by:  |  Time: 7:29 am  |  Topic:
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A IIFT 2

Good Morning

There is some crazy stuff going on for sure. The market had a nice recovery in it until 5 pm when some wrong pricing on Amazon and Apple stock appeared on Google Finance, Yahoo Finance and Bloomberg. This spooked the market and caused a sell-off in the S&P. Continue Reading →

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Tricky market for a bit.

Posted by:  |  Time: 7:29 am  |  Topic:
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iift-email

Good Morning

We now have had a 5% correction in the DAX, driven by Mario Draghi and other Central bankers with a warning that the QE era is over. I suspect the market was in correction mood anyhow after such a strong rally and this was just the excuse to Continue Reading →

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DUE TO CIRCUMSTANCES BEYOND OUR CONTROL WE WILL BE UNABLE TO POST THE DAILY NOTE TODAY 30th JULY NORMAL SERVICE WILL RESUME ON MONDAY

Posted by:  |  Time: 7:33 am  |  Topic:
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Euro higher, indices are solid.

Posted by:  |  Time: 7:57 am  |  Topic:
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iift-email

Good Morning

Suddenly the market is volatile. The cause is Draghi as there is nothing else happening. Since oil bounced it has lost its impact and there is little in the way of economic data. So the market is fixated on Central bankers and Draghi and Carney are causing all Continue Reading →

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