IIFT Daily Note with Peter Brown & David McWilliams

Indices are directionless

Posted by:  |  Time: 7:44 am  |  Topic:
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 Commentary:

Stock markets are looking worried with geo-political risks in Spain, Hong Kong and emerging market turmoil in Brazil. We are not reaching new highs which is concerning and the most likely event is we now go for a correction. How big that will be if at all, is the Continue Reading →

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David’s Daily Note – Occupy!

Posted by:  |  Time: 11:16 am  |  Topic:
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Occupy!

HKOccupySummary

Geo-politics: The year of the street.
Currencies: USD strength rattles markets
United States: Yanks spending again!
Eurozone: Where is La Dolce Vita?
United Kingdom: Brits in or out?

Good morning,

When the good and normally placid people of Hong Continue Reading →

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A quiet start to the week most likely.

Posted by:  |  Time: 7:49 am  |  Topic:  |  Comments: 2
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 Commentary:

Well the market was pretty jumpy on Friday bit the dollar strength was consistent. We have reached the 1.2660 support but with Draghi speaking on Thursday it is likely we will keep falling until then. 1.2450 is my target ahead of the ECB.

Indices have no direction but plenty Continue Reading →

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Crazy markets.

Posted by:  |  Time: 7:39 am  |  Topic:
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 Commentary:

Well I posted for a return to choppy markets yesterday and I was wrong. We are in hurricane conditions for sure. Expect more volatility today. Firstly, the Euro. Well 1.2750 did not last long as support and we have made a new low below 1.2700. The bounce was mainly Continue Reading →

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David’s Daily Note – The night of the long knives

Posted by:  |  Time: 11:57 am  |  Topic:
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The night of the long knives

Gang_of_Four_posterSummary

China: Not quite the Gang of Four, but still!
China: Head of the PBOC to be pushed?
Eurozone: German business confidence slows
Australia: RBA dumb on housing
United States: Plenty to go in US housing Continue Reading →

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1.2750 target reached.

Posted by:  |  Time: 7:42 am  |  Topic:
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 Commentary:

Well we have two markets running at the moment. The Equity market is directionless and very volatile while the FX market is very defined and stable. Euro has reached our mid move target at 1.2750/80. This is major support and should hold for a while. However as each day Continue Reading →

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David’s Daily Note – All Out of Options

Posted by:  |  Time: 11:24 am  |  Topic:
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All Out of Options

DraghiSummary

Draghi talks down the Eurozone economy
Eurozone: Manufacturing sentiment weakens
United Kingdom: Demand for home loans strong
United States: Regional manufacturing looking good

Good morning,

Who has less credibility now, Mario Draghi or Louis Van Gaal? Both Continue Reading →

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Hurricane markets possible!

Posted by:  |  Time: 7:49 am  |  Topic:
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 Commentary:

Yesterday turned out to be an incredible market. We started with a very negative European session. For no real reason that can be identified Europe sold off heavily. Syria strikes, Draghi comments on the Eurozone are some of the reasons. Equities sold off dollar sold off and gold roared. Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 9:44 am  |  Topic:
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Caution Merger Ahead!

M&ASummary

Economy: In praise on farming
Markets: Trends in M&A this year
United States: Existing Home sales slow
China: Manufacturing sentiment rebounds

Good morning,

This morning I find myself at the ploughing competition in the middle of Ireland. It’s a Continue Reading →

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Market rally stalled.

Posted by:  |  Time: 7:43 am  |  Topic:  |  Comments: 4
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 Commentary:

A bit of a sideways day, for most of yesterday. Late on the equity markets dipped, mainly on the global growth outlook and Mario Draghi’s downbeat view of Europe. Dollar remained bid although it is a little lower overnight and gold traded sideways to slightly higher. All in all Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:24 am  |  Topic:
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Victoria’s Secret

victoria-secret-angels-victoria-secret-fashion-show2Summary

The US: Victoria’s Secret, steep curves
Geo-politics: Obama’s disasters
G20: Eurozone’s Liquidity Trap
Ukraine: Economy ruined, Germany worried
Week ahead: Eurozone data to the fore

Good morning,

I am just back from a quick expedition to Southern California where, apart Continue Reading →

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Stocks continue volatile, while dollar roars.

Posted by:  |  Time: 7:57 am  |  Topic:
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 Commentary:

Well Friday was dominated by the Alibaba IPO. As usual the market got carried away and drove the price to 100 only to finish 10% lower. I suspect it was the small investor who, as usual got stung on that one. Otherwise Friday saw the dollar rise and stocks Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:17 am  |  Topic:
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Scotland votes No!

VoteNoSummary

Scotland decides to stay with the Union
United States: Mixed economic data
United Kingdom: Retail Sales increase in August
Eurozone: Weak initial take-up for TLTRO

Good morning,

Scotland has voted against independence, after the result in Fife, where 114,148 Continue Reading →

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Scotland votes no, market rallies

Posted by:  |  Time: 7:32 am  |  Topic:
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 Commentary:

Well the big event overnight was the no vote in Scotland. Going home last night I thought the outcome was in the price. Not so it appears as the markets put in a 100 point rally. Yesterday we got confirmation from the stock markets that they are happy with Continue Reading →

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Mixed Messages

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Mixed Messages

Mixed MeassageSummary

Mistakes in the Middle East?
Yellen sends a muddled message
United States: CPI slows in August
United Kingdom: MPC talks down the growth outlook
Eurozone: Final August CPI comes in above expectations

Good morning,

As I write to Continue Reading →

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More volatility today.

Posted by:  |  Time: 7:45 am  |  Topic:
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 Commentary:

Well, despite Yellen’s efforts to convince the market that rates will remain low for a considerable time the market basically do not believe here. Dollar has roared following the press conference. Pity we had to close positions before but the volatility and direction was unclear and running positions into Continue Reading →

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David’s Daily Note – For Queen & Country

Posted by:  |  Time: 11:06 am  |  Topic:
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For Queen & Country

UKSummary

United Kingdom: House prices continue to push higher
United States: FOMC Preview
United States: Produce Input costs fall
China: Central Bank turns the taps
Eurozone: Business expectations stabilise in September

Good morning,

The UK and Irish betting Continue Reading →

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This will be crazy!

Posted by:  |  Time: 7:37 am  |  Topic:
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 Commentary:

A crazy day yesterday. The morning was dominated by the nervousness ahead of Janet Yellen and the prospect of rate rises early. A negative tone prevailed and the market sold off. Then in the afternoon reports that the Fed would be dovish sent the market in a vicious rally. Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:11 am  |  Topic:
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Leading the charge

ChargeSummary

A global coalition forming to take on IS?
United States: Mixed data as we wait for the Fed
Australia: RBA getting concerned about the housing market

Good morning,

A few simple words from people in power can truly make Continue Reading →

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Quiet before the storm

Posted by:  |  Time: 9:11 am  |  Topic:
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 Commentary:

A quiet day yesterday as the market awaits two big events, Yellen on Wednesday night and the Scottish referendum on Thursday.

Today we have UK data out early. There is a lot of it so a straddle trade may not work. However it is inflation data so it will Continue Reading →

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