IIFT Daily Note with Peter Brown

Slightly hawkish Janet

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

Good Morning

Friday was a bit strange, as Janet spoke we got little reaction but later the market took her comments as a bit hawkish. Dollar is higher and stocks are a bit lower. Fed member Fischer reiterated his comments that he expects two rate hikes this year! All Continue Reading →

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All about Janet.

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

Good Morning

Markets are on hold ahead of Janet at 3 pm. What will she say? It is unlikely she will give a clear direction but that does not matter. The market is set to interpret any slight hint and react to that. Any rate rise will be small and Continue Reading →

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Quiet before the storm, maybe!

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

Good Morning

Markets are on hold ahead of Janet Yellen at Jackson Hole. In reality investors and traders have little idea where this market is heading to next. The desperation for return is preventing a sell-off but for those in the market we seem to be heading nowhere. That makes Continue Reading →

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Dollar slightly higher.

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

Good Morning

Nothing much to report this morning, the dollar is a bit stronger and that is expected as we get to Janet at Jackson Hole on Friday. Her speech there will be the highlight of the week. It really signals getting serious for the autumn markets. Rarely have we Continue Reading →

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A bit more volatile but still directionless

Posted by:  |  Time: 7:24 am  |  Topic:
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A IIFT 2

Good Morning

The volatility yesterday was a bit bigger than we thought. Nearly 300 points top to bottom on the DAX all on the back of practically no news. We ended where we started which highlights the fact that nothing much is going on and there is no big story Continue Reading →

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Merkel, Hollande and Renzi meet in Italy.

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

Good Morning

The big three meet in Italy today, Merkel, Hollande and Renzi to discuss Brexit and the way forward. The market took a dip early Friday morning on speculation that article 50 may be triggered sooner than expected. I am not expecting anything of note from the meeting but Continue Reading →

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Quiet conditions continue

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

Good Morning

If the weather wasn’t so bad I would be advising to give today a miss. There is nothing on the calendar and little to drive the markets. Oil is higher and it is about the only story we have.

Never mind, the markets rarely stay directionless for long Continue Reading →

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A bit of a correction but nothing dramatic.

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

Good Morning

Yesterday was the first really directional day for a while. Stocks took a tumble until the release of the Fed minutes. They were dovish again so we had a small rally at the close. A correction was due I suppose and that is all it was. Now that Continue Reading →

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Day trades only for now.

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

Good Morning

A bit of a slide on index markets yesterday. We got stopped out on the DAX fade initially but re-entered a bit lower and got a good winner. Re-entering a trade that has lost is usually a no, no. However in summer markets we realise that the market Continue Reading →

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Day trading, nothing for the strategic traders.

Posted by:  |  Time: 7:36 am  |  Topic:  |  Comments: 1
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A IIFT 2

Good Morning

The big mover overnight was the dollar. No particular news just quiet markets and a slow slide, especially against the JPY. It is hard to take a trade here as there is so little volume in these summer markets. We are all waiting for the big boys who Continue Reading →

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More quiet conditions

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

Good Morning

We are getting through the summer months without any drama. Overnight Japanese GDP figures were poor but we are not expecting much reaction. Index levels are unchanged and there is little on the calendar so we will trade at support and resistance if we reach them. It could Continue Reading →

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Two more weeks of summer and roaring markets.

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

Good Morning

More all-time highs yesterday, this time driven by the Saudi oil Minister hinting at an agreement to limit production at the next oil meeting in Algeria in late September. Small news but in a quiet summer market enough to trigger some upside. There is no doubt selling indices Continue Reading →

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Summer markets

Posted by:  |  Time: 7:45 am  |  Topic:
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A IIFT 2

Good Morning

Another day today without any news releases of note. So we expect the same kind of day with indices drifting higher and FX trading off pivots. Equity markets are climbing slowly and a bit faster on the DAX. This is in a very thin summer market on light Continue Reading →

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Europe the big winner, playing catch up.

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

Good Morning

An interesting day yesterday, it is definitely a summer market with moves happening without much news. Trading volume is thin so there is little significance in the direction. Despite the strong NFP last Friday there was little follow through on the dollar, traders losing confidence in any possible Continue Reading →

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No big stories, so a quiet summer.

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

Good Morning

Many thanks to Niall for his great insight and updates over the past couple of weeks. The thing that strikes me most on my return is that very little happened. Yes the UK cut but apart from that the market is very stable. The US is growing and Continue Reading →

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Catyalst got the cream

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

Peter will be returning to posting tomorrow.


Good Morning,

This will be my last post for a while but great timing to wrap up a very eventful week last week. Markets never fail to disappoint when Peter is away. Usually it is a market collapse of some sort but this Continue Reading →

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I-Rateable Markets

Posted by:  |  Time: 7:56 am  |  Topic:
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IIFT 2

Niall posting this week while Peter replenishes his Vitamin D reserves. Peter will return on Tuesday morning.


Good Morning,

Wow, well if that is not an interesting day in the financial markets then I don’t know what is. BOE cut rates by 25bps, announced purchasing of 60bln Gbp of Government Bonds Continue Reading →

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Slippy little Oil Slick

Posted by:  |  Time: 7:39 am  |  Topic:  |  Comments: 3
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IIFT 2

Niall posting this week while Peter replenishes his Vitamin D reserves


Good Morning,

Well markets did not behave as I would normally expect yesterday. It seemed simple enough but it looks like the indices are sturdier than I had thought and oil had fallen too far to fast. Inventories yesterday were Continue Reading →

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Summer Sale – 1% off everything

Posted by:  |  Time: 7:49 am  |  Topic:
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IIFT 2

Niall posting this week while Peter replenishes his Vitamin D reserves


Good Morning,

So readers over the last week or so will be aware that we finally have broken out of our range and to the side we had anticipated. As the days went on the possibilities of the downside being Continue Reading →

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Top of the Range items for sale

Posted by:  |  Time: 7:45 am  |  Topic:
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IIFT 2

Niall posting this week while Peter replenishes his Vitamin D reserves


Good Morning,

This morning we will look at catching up where we left off on Friday….

No major points to note from the news over the last few days but here are the main ones. Oil price should be the Continue Reading →

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