IIFT Daily Note with Peter Brown

Market nice and settled.

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

Good Morning

Firstly it was the comments by Trump that he thought the dollar was too high, which set most of the tone for yesterday. Interesting to see he gets it and isn’t just going to blunder ahead with expansionary policies regardless. Anyhow the dollar fell and it brought the Continue Reading →

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May to fire the starting gun.

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

Good Morning

It is going to be a cracker of a day. The focus switches from the US to Europe and the UK. We have UK CPI out this morning and it is probably worth a straddle on GBP/USD given the heightened tensions around the currency today. Later, we expect Continue Reading →

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Trump and Brexit dominate.

Posted by:  |  Time: 7:39 am  |  Topic:
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A IIFT 2

Good Morning

We open lower this morning amid Brexit hard lines and Trump statements. The market is a bit of a mess at the moment and very little direction is emerging. I expect the UK to be that way for years but we will soon be getting the world according Continue Reading →

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Real data today for a change.

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

Good Morning

This market is quite good. We are going nowhere in a hurry but we have good movement which is perfect conditions for swing/fade trading. More of the same today I suspect. We have some important data at 1.30pm and that is significant as there are some commentators who Continue Reading →

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Trump,Trump,Trump.

Posted by:  |  Time: 7:40 am  |  Topic:
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A IIFT 2

Good Morning

Trump dominates the whole market presently and that is going to continue for a while. He is different for sure and the scandal or not, that surrounds, him will affect how the market perceives him. I reckon I will write Trump on the blog more times this month Continue Reading →

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Trump Talk

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

Good Morning

Markets a little more sideways yesterday with a lack of tier 1 news and data releases. We still  had decent moves though which can make for good trading conditions. These are good markets for swing trading with multi directional movements providing ample opportunity for entry. Our difficulty here Continue Reading →

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A few Trump jitters.

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

Good Morning

The steam came out of the dollar overnight as concerns gather that Trump may not be as expansionary as expected after his inauguration. In fact some are now worried he may say the dollar is over-valued. Basically more on the theme that we have no idea whatsoever what Continue Reading →

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A quiet morning to start.

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

Good Morning

Friday’s NFP data was lower than expected but still in the good range. The market reaction was muted and we finished more or less where we started. This confirms my point that this market is all about Trump and his stimulus package and that is what will dminate Continue Reading →

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NFP today but not what it used to be.

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

Good Morning

We have had a very narrow trading range on indices to start the year and that is set to continue for this morning at least. NFP this afternoon and that is where we may see some action. Basically the market is in limbo waiting for definitive Trump policies Continue Reading →

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FED confused too!

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

Good Morning

There is already a lot going on in these markets. The FED minutes last night were telling and showed the nervousness and confusion they think Trump will bring. Basically they do not know what he will do and they are worried. That spilled over into the dollar and Continue Reading →

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Making up our mind

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

Good Morning

That was a very interesting start to the trading year. Does the market know where it is going? It would not seem as simple as expected. Dollar up and stocks up may not be the one way bet everyone hoped for. Yesterday’s price action was confused and in Continue Reading →

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Happy New Year

Posted by:  |  Time: 7:39 am  |  Topic:
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A IIFT 2

Good Morning

Happy New year to all.

We start with a stock market rally in Europe on the back of better economic data from Italy. That has eased fears on Italian banks and set a good tone. The US markets are slightly higher also. Chinese currency a bit weaker and Continue Reading →

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A bit of data but still quiet.

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

Good Morning

Today is the last day of the blog until January. I would like to thank you for all your support and wish you a Merry Christmas and a happy New Year.

Today we have some data releases which may provide a brief bit of excitement. Not a lot. Continue Reading →

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Still some good trades to be had.

Posted by:  |  Time: 7:19 am  |  Topic:
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A IIFT 2

Good Morning

Christmas is rolling in very fast. The markets are now totally range bound and very quiet. There are still some trades if you adjust your style. Small points on offer and stops are unlikely to be hit.

This morning the dollar is a bit weaker and that is Continue Reading →

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Jobbing market for sure.

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

Good Morning

As we expected the market went super quiet yesterday. The only problem was the tech levels were a bit wide. That is fixed this morning. The dollar is back up and in fact it is looking less likely to correct the more we stay in and around here. Continue Reading →

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The start of Christmas week.

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

Good Morning

We are into our last full week of trading in 2016. The market has no big stories left to pursue all the big events are behind us. There is not a lot on the calendar until Thursday so I am looking to do a bit of jobbing this Continue Reading →

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Is the dollar rally done for 2016?

Posted by:  |  Time: 7:40 am  |  Topic:
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A IIFT 2

Good Morning

We have had the last big event of the year so now we settle into ranging markets for the last week. Indices due to the hawkish outlook from the FED should be range bound in the US. The European indices are doing well due to the prospect of Continue Reading →

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Janet Claus delivers her presents

Posted by:  |  Time: 7:39 am  |  Topic:
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A IIFT 2

Good Morning,

Well we got some expected volatility and a bit more yesterday evening. Janet delivered as expected with a 25 bps hike and markets had priced most of this in. There may have been a little extra money entering the USD on the back of the confirmation of it. Continue Reading →

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Rate Hike Day

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

Good Morning,

Today is a day the market players have been waiting for but prices have not waited for. The Fed is expected to hike today which we have been waiting for since the summer. Prices however have anticipated this already of course with USD in rocket mode for the last Continue Reading →

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Another sideways day ahead.

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

Good Morning

Market took a breather yesterday among the main products. Oil had a choppy day after Saudi said they would cut further and expectations are we have reached a point where demand will outstrip supply. Still hard to guess how the cuts agreed at the OPEC meeting will Continue Reading →

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