IIFT Daily Note with Peter Brown & David McWilliams

Watch out for the snow effect.

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

Well a quiet session yesterday, except for gold which was crazy. This Swiss vote seems to have caused a lot of volatility of late and best to stay away for a while. Elsewhere the dominant feature was again the strong dollar. This morning we are near a 119 read Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 1:12 pm  |  Topic:
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Japan’s not working

Trendy Japanese 2Summary

Will QE work for the Eurozone?
Japan: Abe postpones tax and calls snap election
United States: Producer prices jump
United Kingdom: CPI stabilises in October
Australia: Moody, worried and concerned

Good morning,

The Japanese economist Richard Koo has done Continue Reading →

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It is all about QE, Japan and Europe!

Posted by:  |  Time: 7:41 am  |  Topic:
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 Commentary:

Let’s start with the BOJ. QE is not working but in reality there is nothing else. The calling of a snap election is a ruse to copper-fasten the strategy into the future. There is a 20 year stagnation and it looks like there is at least another decade to Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:44 pm  |  Topic:
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Greek Style?

Greek Plate SmashingSummary

Japan: Not sensing much change
Focus on: Greece
The EU: Is there value in Greece right now?
United States: Mixed data to start the week

Good morning,

Markets have started the week on the back-foot. JPY volatility after the Continue Reading →

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Market is nicely settled.

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 Commentary:

The markets silly reaction to the Japan GDP was reversed through trading yesterday. Dollar bounced back. Mario Draghi was speaking and he was very equity positive, QE etc.

Market is back to our dollar and equities up trend. We are in a short term range on the indices and Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 11:16 am  |  Topic:
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Japan. Sinking Sun?

Japan PanicSummary

Japan: Recession in the East.
Growth: Who is right, Mr Bond or Mr Stock?
United States: Consumer doing well
The week ahead: FOMC to the fore

Good morning,

Japan is in recession. In the period from July-September, real Continue Reading →

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Japan back in Recession!

Posted by:  |  Time: 7:46 am  |  Topic:
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 Commentary:

Between Friday afternoon and overnight the quiet, stable markets may be over and we may return to hurricane markets akin to those seen in October.

We had a reversal of the trend on Friday afternoon and this looked like nothing more than profit taking on a strong dollar. Overnight Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:15 pm  |  Topic:
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Deutscheland uber alles?

German fansSummary

Euro: Positive for once!
The US rate conundrum
United States: Jobs outlook continues to improve
United States: Dudley warning
Eurozone: German & France GDP better than expected

Good morning,

Strangely, the Eurozone – against all expectations – posted Continue Reading →

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Dollar up, indices up. simples!

Posted by:  |  Time: 7:35 am  |  Topic:
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 Commentary:

Starting today with German GDP. Came in as expected and the market likes that. I think the market was scared that some of this European data would be worse than expected. It is not but is does maintain the macro view that Europe is in trouble.

This market is Continue Reading →

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David’s Daily Note – Different Directions!

Posted by:  |  Time: 12:25 pm  |  Topic:
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Different Directions!

BD6638-001Summary

Global Economy: The Great dichotomy.
Eurozone governments need rate cuts
QE argument for Europe v strong.
United Kingdom: Real wage growth emerges
Eurozone: Industrial production slumps

Good morning,

One of the key themes of the coming months Continue Reading →

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Inflation data today.

Posted by:  |  Time: 7:35 am  |  Topic:
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 Commentary:

Bit of a jump in the market late in Asia. No real reason other than some dovish comments. Overnight the interesting issue was comments from the RBA about intervention into the Aussie. They feel it is too high and should revalue lower. I have that trade and think strategically Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:57 pm  |  Topic:
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First World Problems!

swiss_alphornSummary

The Swiss with their 1st world problems!
Franc/Euro peg under threat
United States: Business Confidence Improves

Good morning,

When the Swiss get worried about gold, it’s time to have a look at what is concerning the gnomes Continue Reading →

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Stable trading returns.

Posted by:
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 Commentary:

Frankly a pretty quiet day yesterday. Dollar was strong and USD/JPY reached above 116.00 and the Euro tested 1.2700. Stock markets were defined and the ranges we outlined held nicely. Gold was a good trade, however the DAX fade did not work.

Overnight the dollar has retraced somewhat but Continue Reading →

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David’s Daily Note -The art of timing

Posted by:  |  Time: 2:31 pm  |  Topic:
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The art of timing

Man checking his pocket watchSummary

Where next for the Fed?
United States: Domestic strengths carry growth
United States: It’s all about the jobs
Eurozone: Poor Italian industrial production

Good morning,

So far, there are no visible effects from the weakness in Continue Reading →

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Stable markets.

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

Yesterday the trend continued, strong dollar and strong stock markets. We are back to 115.4 USD/JPY and all that goes with that. Gold is off lower again and Euro back to the low 1.2400’s.

This market is not difficult. We are a bot high this morning on the dollar Continue Reading →

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David’s Daily Note – No growing pains

Posted by:  |  Time: 11:42 am  |  Topic:
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No growing pains

measuring_heightSummary

China growth concerns played down
United States: Unemployment rate falls again!
Eurozone: Little signs of any pickup in data

Good morning,

Chinese President Xi Jinping has told global business leaders at the Asia Pacific Economic Cooperation Continue Reading →

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Market looks fairly quiet.

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

NFP on Friday was a bit of surprise and we fell 100+ points after Wall St opened. We recovered later on as is the tread on stock indices lately. Dollar was a little weaker from the data and we sold off in USD/JOPY and bounced in the Euro/USD.

Not Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 1:00 pm  |  Topic:
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The return of record highs

The Standard & Poor's Corp. sign is displayed outside of theSummary

Republican win, but markets see no elephant in the room
All eyes on the US employment report
Eurozone: Draghi sets down a marker
United States: Weekly claims hit a new cycle low

Good morning,

As record highs Continue Reading →

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Draghi promises more.

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

Interesting day yesterday, Mario delivered with promises of more unconventional easing measures i.e. QE. The market loved it with the DAX soaring and Euro hitting a print in the 1.23 ‘s for the first time.

This is not a difficult market. Buy dollars and indices.

Today we have the Continue Reading →

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David’s Daily Note – Europe’s next move

Posted by:  |  Time: 11:45 am  |  Topic:
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Europe’s next move

448398XSmall-Chess-Move2Summary

Draghi under pressure
United States: Better ADP employment data
United Kingdom: Business confidence slows in October
Eurozone: Improvement in Italian business confidence

Good morning,

The ECB probably won’t announce new policy easing measures at today’s Continue Reading →

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