IIFT Daily Note with Peter Brown

Silver and gold are starting to shine.

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

Good Morning

The relief rally continues apace. FTSE flying on the back of weaker GBP but the DAX is barely half way back to prices pre-brexit. Two great trades yesterday, firstly a DAX fade of the pivot and then two EUR/USD trades off resistance and support. So there is good Continue Reading →

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Market may settle down.

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

Good Morning

The recovery may be done, that is the impression I am getting looking at the market this morning. At one stage there were 14 green, 4 hour candles in a row on the DOW! That is some rally. We are not back to where we started however; Dow Continue Reading →

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We have rallied off the floor, where next?

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

Good Morning

OK we are definitely settling down. We have a long road ahead though as UK politics is going to be in a mess for a long time. The bounce has been impressive especially on the indices, GBP is still low and with the ratings downgrades it is unlikely Continue Reading →

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Still very uncertain.

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

Good Morning

We had a much expected cut in ratings for the UK yesterday. That seems to have calmed the market and the selling of GBP looks to have stopped for now. We are still very early after the Brexit vote and far from triggering article 50 so we cannot Continue Reading →

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What a mess!

Posted by:  |  Time: 7:25 am  |  Topic:
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IIFT 2

Good Morning

Wow is the best word really. The Brexit vote and the political carnage that has emerged have caused turmoil in the markets. This is set to dominate all week at least. The GBP/USD is the number one sentiment indicator and we need to watch that pair closely to Continue Reading →

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BREXIT – Wow – The people have spoken

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IIFT 2

Wow, well Good Morning

So the people have spoken. UK have decided to pack their bags and head for the Exit sign.

The markets continue to surprise everyone and the believed unlikely has occurred. Massive moves seen already across the markets and massive volatility ahead for the coming days. This Continue Reading →

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Looks all done and dusted.

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

Good Morning

Thanks to all who participated and watched are webcast yesterday. The polling stations are open and the race is on. In reality the outcome looks done and dusted, look at GBP/USD we are up at 1.4800 already. So the question is how much is priced in or are Continue Reading →

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It is a waiting game.

Posted by:  |  Time: 7:27 am  |  Topic:  |  Comments: 1
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IIFT 2

Good Morning

We are doing a webcast today at 2pm to discuss Brexit here is the link. You will be able to submit questions which will be greatly appreciated.

Link for this is posted below….

Yesterday we more or less traded sideways on indices. The big movers were the Euro Continue Reading →

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Market priced for a stay vote.

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

Good Morning

We are all over the shop here but leaning towards a stay vote. The markets were buoyant yesterday as fears receded. The polls are still split but the market has decided they are staying. Either way we are still in hurricane mode and I still expect anything to Continue Reading →

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All to play for still.

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

Good Morning

We start this important week in bull mode after polls show that the referendum may vote to stay. The moves higher are amazing with the S&P now 40 handles up from the lows last week and GBP surging. This is what happens when you get hurricane markets. It Continue Reading →

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Market takes a pause ahead of next week.

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

Good Morning

We bounced yesterday and that is normal to be honest. The sise of the bounce, 300 points on the Dow was not expected and that is what you get when the market goes to hurricane mode. All the moves are exaggerated and it is hard to swing trade. Continue Reading →

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This is getting serious.

Posted by:  |  Time: 7:44 am  |  Topic:
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IIFT 2

Good Morning

Wow! Janet is nervous about Brexit and will not raise rates. Janet is flip flopping from dovish to hawkish and it is not instilling confidence. Japan inaction drives the JPY higher and the stock market lower. Bonds yields are crashing down and the market looks like it is Continue Reading →

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Brexit, oil and Janet

Posted by:  |  Time: 7:29 am  |  Topic:  |  Comments: 1
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IIFT 2

Good Morning

Well the Brexit vote has certainly sparked this market into life. It took a while but we are now in full blown speculation mode and as the polls become less clear of the outcome, tension is increasing. Indices, GBP and the Euro are getting hit. Combine that with Continue Reading →

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Brexit to dominate.

Posted by:  |  Time: 7:25 am  |  Topic:
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IIFT 2

Good Morning

The market has now got Brexit fever that is for sure. A big sell off on European indices yesterday dominated price action. The vote is on the 23rd so we have a way to go yet and I expect the volatility to build. At this stage it Continue Reading →

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The market is starting to look very nervous.

Posted by:  |  Time: 7:06 am  |  Topic:
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IIFT 2

Good Morning

The markets which early last week looked very solid are now in turmoil, Europe especially.  The DAX is down over 500 points in a week. Brexit and now the atrocity in Orlando are heightening fears. The JPY is benefiting from a safe haven status and the index markets Continue Reading →

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Brexit comes to the fore.

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Good Morning

Europe got the hammering yesterday as the Brexit fears finally took hold. Bit unlucky in our timing there but for those brave enough another dive in is possible. I would sell the FTSE with a 120 stop. I am going to leave that choice up to you and Continue Reading →

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Don’t leave Mario Alone !

Posted by:  |  Time: 7:32 am  |  Topic:  |  Comments: 1
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Good Morning

Very much as expected yesterday to be fair. The index markets are still buoyed by the rising oil price and FX is stable. A really good straddle on the NZD/USD was the highlight of the day with up to 75 points on offer there. This morning Draghi speaks Continue Reading →

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Market Stays Solid

Posted by:  |  Time: 7:39 am  |  Topic:
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Good Morning

Not much happened yesterday, index markets maintained their bid tone and the dollar remained soft. The big mover was oil and we are now firmly above $50. This market overall is tricky as equities are very bullish, oil is well bid and the dollar is offered. Frankly all Continue Reading →

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Market still in a Good Mood

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Good Morning

I hope you all enjoyed the Bank holiday weekend. We left the market Friday with the very low NFP read. That put the cat amongst the pigeons and clobbered the dollar. The stock market liked it as the chance of a rate rise next week diminished. Since then Continue Reading →

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Long weekend ahead

Posted by:  |  Time: 7:46 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning,

Not such an exciting day yesterday on the news front with very little coming from the ECB or OPEC in yesterdays meetings. Draghi stated that risk to growth outlook is still to the downside but with no changes to monetary policy as expected saw a lack of a catalyst Continue Reading →

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