IIFT Daily Note with Peter Brown

Plenty of data to keep us busy.

Posted by:  |  Time: 7:27 am  |  Topic:
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A IIFT 2

Good Morning

The big mover overnight was the dollar. Fed minutes are due out tonight and they may hint at an imminent rate rise. There is no other reason really for the dollar jump, probably just profit taking on the recent fall. Otherwise the markets were very strong and the Continue Reading →

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US markets outperform, figure that!

Posted by:  |  Time: 7:21 am  |  Topic:
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A IIFT 2

Good Morning

Firstly can I offer our deepest sympathies for all those affected in Manchester. Most of us know that city well and it is a shocking event to wake up to.

Yesterday was a good day for the US markets, not so good for the DAX. Merkel’s comments about Continue Reading →

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Quiet and stable start to the week.

Posted by:  |  Time: 7:28 am  |  Topic:
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A IIFT 2

Good Morning

We are back to less than 1% of the S&P all-time high. The market likes Trump abroad! This morning we start with the market very calm and nothing on the calendar. Oil is well above $50, so all is well.

Outside the Trump issues which is political not Continue Reading →

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Volatility for a while

Posted by:  |  Time: 7:38 am  |  Topic:
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A IIFT 2

Good morning.

Really volatile up and down day yesterday. I expect more of that today although the range may not be a s wide. The big question here is whether the Trump situation causes long term damage to the market or whether the market decides it is a political issue Continue Reading →

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Suddenly a hectic market.

Posted by:  |  Time: 7:31 am  |  Topic:
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A IIFT 2

Good morning.

Well firstly we apologize for misunderstanding the importance of this latest Trump debacle in yesterdays blog. To date we have pursued a policy of not reacting too closely to his ups and downs and the market had begun to mostly ignore him. However this time it seems a Continue Reading →

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Dollar gets a tanking.

Posted by:  |  Time: 7:28 am  |  Topic:  |  Comments: 4
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A IIFT 2

Good Morning

A down evening for stocks really as markets fell after hours. Nothing in particular I can point to it is just hard to push higher is such a slow news market. The big mover overnight was again the dollar. Expectation that the next move in Japan will be Continue Reading →

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Commodities and stocks are the winners.

Posted by:  |  Time: 7:22 am  |  Topic:
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A IIFT 2

Good Morning

Well a cracking little day yesterday. We started off positive then sold off for 100 points and then bounced back again. Everything is good, oil is up and so are stocks. Questions remain over the strength of the US economy with some poor data and that puts a Continue Reading →

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All looks good this morning.

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

Good Morning

There were good polls out over the weekend for Merkel in Germany and that has jumped the Euro. We also had news that floating oil stocks, basically ships full of oil had fallen by a third and that boosted oil prices. That places stocks and the Euro on Continue Reading →

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Another quiet one

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

Good Morning

Quiet yesterday and again today. Still some good trades available but no question unless we get something from left field these are the conditions for a while.

Dollar a little lower and looks like we have run out of steam there. CPI and Retail sales today which may Continue Reading →

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Steady as she goes.

Posted by:  |  Time: 7:22 am  |  Topic:  |  Comments: 4
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A IIFT 2

Good Morning

Slightly up for the indices and oil and the dollar otherwise pretty flat. Today the main focus will be on the UK where we have inflation and BOE minutes at 9.30am. You could try a straddle as it is low risk. I do not expect a big move Continue Reading →

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It is all dollar for the moment.

Posted by:  |  Time: 7:31 am  |  Topic:
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A IIFT 2

Good Morning

Another directionless day for the indices and frankly I think that is set to continue. The big mover is the dollar and its surge especially against the JPY, caused by unwinding of safe haven trades following the French elections and the general relaxed state of the market. The Continue Reading →

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Very quiet for now.

Posted by:  |  Time: 7:27 am  |  Topic:
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A IIFT 2

Good Morning

A very flat day yesterday, the market traded sideways. Euro fell back and the cad recovered. We are now left with little or no story to drive these markets in a sustained direction. That can be good for us provided we recognise that we are going to range Continue Reading →

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Market should trade sideways for today.

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

Good Morning

The market was strong on Friday and totally ignored the Canadian situation. That may be the way of it and we have to accept the market may turn a blind eye to what is happening in Canada. I have attached an article below to give a little insight Continue Reading →

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Canada and oil could change the bullish mood.

Posted by:  |  Time: 7:38 am  |  Topic:
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A IIFT 2

Good Morning

This market is getting interesting and a little scary. Canada is now a big issue and is in meltdown. There are three things affecting the country; the oil price, if below $60 they do not make money, there is a sub-prime banking crisis linked to a housing bubble Continue Reading →

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Fed shrugs off slow first quarter

Posted by:  |  Time: 7:15 am  |  Topic:
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A IIFT 2

Good Morning

The market was very strong yesterday with both the DAX and S&P well up on the day. The DAX is enjoying a news free run to new all-time highs with the French election now being viewed as a non-event.

Janet Yellen dismissed the slow first quarter in the Continue Reading →

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Flat as a pancake

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

Good Morning

It was very much as expected yesterday with most markets staying firmly within the ranges. For most of today the same conditions should prevail. Later however we have the FOMC and Interest rate decision in the US. We are not expecting a rate rise but will the minutes Continue Reading →

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Looks pretty calm to me.

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Good Morning

US GDP data was very poor on Friday but that has not stopped the dollar racing ahead or indeed dented the stock market. The figure was well flagged and is expected to be a one off. Still the world is not exactly flying growth wise that has to Continue Reading →

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GDP keeps it interesting today.

Posted by:  |  Time: 7:41 am  |  Topic:
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A IIFT 2

Good Morning

Mario Draghi was very dovish yesterday which I have to say was a surprise. I think the market was expecting a bit about tapering and a change to the QE times of recent years. We were not expecting anything dramatic but just a hint. Instead we got a Continue Reading →

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All about Draghi today.

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

Good Morning

It was all about Trump yesterday and to be honest despite tax details, trade details and profit repatriation we are more or less where we started. That is going to keep the market on a slightly upward tack without any serious volatility and that is good for us. Continue Reading →

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Trump the big event today.

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

Good Morning

These markets look great. Indices are on a power run and the Dollar and the Euro are both rising. Stocks are surging on the anticipation that Trump will announce substantial tax cutting plans today. Whether they are realistic or not seems not to matter, in this low interest Continue Reading →

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