IIFT Daily Note with Peter Brown

‘Quantitative Tightening’ the new buzz word.

Posted by:  |  Time: 7:33 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

It is great to be back and many thanks to Niall for his fantastic blogs over the last two weeks.

This market looks pretty simple to me. We await Janet Yellen tomorrow night and her plans on ‘Quantitative Tightening’ the new buzz word in the market. Basically, she Continue Reading →

What Do You Think? Add Your Comment

Quick Update

Posted by:  |  Time: 7:56 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

 

Good Morning All,

Just a quick update for you today as there is little change from Friday. Peter will be back writing here tomorrow….

The main point to note today is that the US Indices showed real bullish power breaking even higher on Friday despite NK having sent a Continue Reading →

What Do You Think? Add Your Comment

Bobble Heads

Posted by:  |  Time: 8:02 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Kim Jong-un Collector Bobblehead Figurine s-l225

Good Morning All,

(Niall here filling in for Peter who will return next week)

This might be my last note for a little while so keep in touch by email if you wish at noconnor@iift.ie

If you are live trading you might be eligible for some free trading support so let Continue Reading →

What Do You Think? Add Your Comment

Straddle Day

Posted by:  |  Time: 8:00 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter who will return next week)

Well today will be an interesting day which I will get to in a moment. Just to look at yesterday first, the day went pretty much as expected. US and German Indices continued to be subdued with Continue Reading →

What Do You Think? Add Your Comment

A,B,C, S&P

Posted by:  |  Time: 7:21 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter who will return next week)

Not a great deal to discuss this morning as most markets most markets were subdued due to lack of significant news. Majority of these markets moved in the direction expected however due to the lack of movement Continue Reading →

What Do You Think? Add Your Comment

Calmer Conditions

Posted by:  |  Time: 7:33 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Back now from a nice break in Achill where conditions were changing from Sun to Hurricane every 10 minutes.

Markets thankfully have been a bit more Sunny looking than hurricane the possible Hurricane moves that could have come Continue Reading →

What Do You Think? Add Your Comment

Not So Mighty Dollar – (No Note on Monday)

Posted by:  |  Time: 8:01 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Please note that there will be no Commentary on Monday as both myself and Peter will be away. He will still be out with the speedos sunning himself sipping on Pina Coladas while I get pelted with wind Continue Reading →

What Do You Think? Add Your Comment

Predictable vs Unpredictable Moves

Posted by:  |  Time: 8:00 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Yesterday we had an improvement in market sentiment and most markets appeared to have stabilised since the NK issues over the weekend. This has been the case in the past and a recovery of the falls was always Continue Reading →

What Do You Think? Add Your Comment

Bears win!

Posted by:  |  Time: 7:03 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Over the years that Peter has taken holidays we have had some big moves in the Markets as if they have been waiting for him to leave before they make their move. This is not necessarily going to Continue Reading →

What Do You Think? Add Your Comment

Red or Black….or Green?

Posted by:  |  Time: 6:55 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Well the fundamental element of the markets today is not exactly clear cut. Yesterday was another cautious Monday following more of North Korea’s missile testing. If we get negative sentiment like that it is best to step in Continue Reading →

What Do You Think? Add Your Comment

Batten down the hatches

Posted by:  |  Time: 6:57 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning All,

Niall here, posting now for the next 2 weeks. As many of our longer term readers of the Daily Note know this is the time where Peter puts away his charts, packs up his speedoes and heads for warmer climes.

I will be adding my own twist Continue Reading →

What Do You Think? Add Your Comment

NFP today the big event.

Posted by:  |  Time: 7:22 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

The contrast between the US markets and the DAX is very strange. The US is powering ahead and we have NFP later today. The US economy is strong without inflation, so the dollar is steady and conditions are perfect for an attack on the all-time highs.

The European Continue Reading →

What Do You Think? Add Your Comment

Dollar on the up.

Posted by:  |  Time: 7:41 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Initially, it was very quiet and indeed the real action did not take off until after 4.30pm. Very good growth data from the US was the main news. That buoyed the dollar and eventually the stock market.

Interesting how the US market can rise when the dollar is Continue Reading →

What Do You Think? Add Your Comment

Panic over for now.

Posted by:  |  Time: 7:25 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

It was a crazy session yesterday as the DAX took a major hit from the Korean situation but also from the rising Euro. We had to endure a morning of over selling waiting from Trump’s response. That came in the afternoon and the muted response calmed the market Continue Reading →

What Do You Think? Add Your Comment

Korea back on the agenda.

Posted by:  |  Time: 7:26 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Yesterday was as expected until we got another round of the Korean saga. This time it looks a bit more serious as the missile traveled over Japan. What response that will lead to is the key. Certainly, the market got a shock and the recovery was stalled in Continue Reading →

What Do You Think? Add Your Comment

Bank Holiday in the UK.

Posted by:  |  Time: 7:29 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Well, the take out from Jackson Hole was mixed. Janet said practically nothing and Draghi was interrupted as slightly hawkish. The main mover was EUR/USD which was over 100 points higher. Equity markets were mostly unchanged.

Today is a bank holiday in the UK but European markets are Continue Reading →

What Do You Think? Add Your Comment

Jackson Hole is the big story.

Posted by:  |  Time: 7:32 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Well, a positive day yesterday but after the rally, we sold off a bit. The Tech levels were unreal both support and resistance. Today it is all about Jackson Hole and Yellen and Draghi.

Yellen is up at 3 pm but Draghi is not on until 8 pm. Continue Reading →

What Do You Think? Add Your Comment

Expect a neutral day today, despite Trump.

Posted by:  |  Time: 7:27 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

Market moves are all about Trump again. This time it is about funding for his wall and a threat to close down Congress if he does not get the $1.6 billion dollars he needs to build it. Cloud cuckoo land to be honest but the market has little Continue Reading →

What Do You Think? Add Your Comment

Trump rallies the market.

Posted by:  |  Time: 7:29 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

The index markets put in a very substantial bounce yesterday, triggered by talks of tax reforms. It didn’t take much! I have said many times that keeping this market down takes continual bad news and when that lets up or there is a hint of good news we Continue Reading →

What Do You Think? Add Your Comment

More of the same

Posted by:  |  Time: 7:18 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

iift-email

Good Morning

The market did the usual yesterday, a bit of up and down. We finished on a strong note and opened this morning on the front foot. All of that is meaningless as we are subject to the next comment or tweet from Trump.

These conditions should stay until Continue Reading →

What Do You Think? Add Your Comment