IIFT Daily Note with Peter Brown

UK CPI is where the opportunity lies.

Posted by:  |  Time: 7:44 am  |  Topic:
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iift-email

Good Morning

As expected yesterday it was a bit slow and only the sell on the S&P was triggered by levels set on the blog. The DAX is still too slow and not moving enough to offer good trades.

The dollar was a bit higher on the back of earnings Continue Reading →

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Be safe today, markets are quiet.

Posted by:  |  Time: 7:38 am  |  Topic:
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iift-email

Good Morning

Friday was only notable for a fall in US CPI which softened up the dollar a bit. Indices finished higher bit only by a bit. DAX levels worked well.

This morning the Euro is under pressure with the dollar which is unusual. Brexit is hurting the Euro and Continue Reading →

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US CPI at 13.30 the highlight.

Posted by:  |  Time: 7:32 am  |  Topic:
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iift-email

Good Morning

It was another flat day broken by a bit of action on Sterling. Otherwise, it was a bit too slow to trigger a fade trade.

Levels this morning are mostly unchanged and outside a bit of US data at 13.30 pm, I expect another slow one. The mood Continue Reading →

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Can earnings season provide some umph?

Posted by:  |  Time: 7:35 am  |  Topic:
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iift-email

Good Morning

Again it was as expected yesterday but very slow in the European session. We had a bit of dollar selling into the FED minutes and that was due to rate expectations and lower inflation.

Today marks the start of earnings season and first up are the banks before Continue Reading →

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Very quiet again.

Posted by:  |  Time: 7:35 am  |  Topic:
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iift-email

Good Morning

Not even the GBP figures managed to stir the market yesterday. However, we had another nice day where support and resistance levels worked on the DAX. Looking at the calendar we should get more of the same again today.

The only notable mover was the dollar which was Continue Reading →

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Calm conditions to continue

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iift-email

Good Morning

Well, yesterday was as expected. A low volatile day where support and resistance levels held across the board. Great, just the trading conditions for us and let’s hope for more of the same today. Levels are tighter now on FX which will broaden the choice. There is nothing Continue Reading →

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Slow start to the week.

Posted by:  |  Time: 7:35 am  |  Topic:
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iift-email

Good Morning

The NFP on Friday was a bad figure based on the headline and that was due to the Hurricanes. The important figure was the hourly earnings rate and that was higher, signaling inflation and more rate rises. Initially, that pumped the dollar up but then we settled back Continue Reading →

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Volatility picks up, but calm remains.

Posted by:  |  Time: 7:21 am  |  Topic:
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Good Morning

U.S. stock-market indexes posted solid gains and closed at all-time highs on Thursday after Congress passed a budget resolution—a step seen as setting the stage for an overhaul of the tax code. Suddenly though, every thing is moving. All indices are higher but so is the dollar. Euro Continue Reading →

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More of the Same

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iift-email

Good Morning

The market worked out perfectly yesterday. A bit of a sell-off early on with the Spanish crisis, but support held in well at 12,900 and then a decent bounce when the Americans came in.

This market is very predictable and we would expect something similar today. The levels Continue Reading →

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Bias is still up for indices but the dollar has stalled.

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iift-email

Good Morning

The stock markets continued their rally yesterday despite the German market being closed. The dollar, however, had a weak day and that was put down to announcements around Janet Yellen’s replacement next year. Those names have been out before so I think it was more to do with Continue Reading →

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The rally continues

Posted by:  |  Time: 7:30 am  |  Topic:  |  Comments: 3
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iift-email

Good Morning

The market powered ahead again yesterday after good data from the US. Interestingly the morning session was negative and that was due to the Spanish crisis. But when the US stock market opened we had a very solid buying session. All the markets are nicely correlated so when Continue Reading →

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Stocks look set for further gains.

Posted by:  |  Time: 7:30 am  |  Topic:
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iift-email

Good Morning

Stocks are well up over the weekend after announcements last week on TAX plans in the US. Whether you like it or not the market will give the Tax cuts a chance to work. Spain is having little effect and Korea seems to have settled down a bit. Continue Reading →

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Steady as she goes.

Posted by:  |  Time: 7:36 am  |  Topic:
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test2

Good Morning

As expected yesterday just a bit too slow for us. We did not reach any of the support or resistance points on the DAX in the morning or the S&P in the afternoon. More of this is good provided we get a bit of volatility to match.

So Continue Reading →

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TAX plans outlined, what chance of implementation?

Posted by:  |  Time: 7:29 am  |  Topic:
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iift-email

Good Morning

A big day all round even if the price action in the afternoon was a bit crazy. It was all about the tax reforms which were long on promise and short on detail. The tax reforms as outlined are very stock market and dollar positive and eventually the Continue Reading →

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Will Trump TAX plans be nonsense!

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iift-email

Good Morning

A big day ahead today, the Trump tax plan details are expected and that should add some oomph to the market. No idea of the details so the headlines should cause the initial move. That will be later in the day after markets close but we are anticipating Continue Reading →

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Bad reaction to the German election.

Posted by:  |  Time: 7:28 am  |  Topic:
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iift-email

Good Morning

It turned out to be an interesting market after a very quiet start. Euro was lower on the back of the German election but late on the equity markets sold off on headlines from Korea. There was also selling on tech stocks but that was due to individual Continue Reading →

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European markets starting off soft.

Posted by:  |  Time: 7:27 am  |  Topic:
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iift-email

Good Morning

Well, Friday did not turn out to be a down day as I expected. The Korean situation is having absolutely no effect on markets. The big news over the weekend was the German election and Merkel won, the big surprise was the far right taking third place. I Continue Reading →

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Korea back in the spotlight.

Posted by:  |  Time: 7:33 am  |  Topic:
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iift-email

Good Morning

It was a very calm market yesterday following the Fed comments from Wednesday night. It looked like the market was going to ignore the rate rise predictions and the balance sheet adjustments. Janet may well want to tighten and normalise rates but the market does not think she Continue Reading →

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Janet speaks, now what will the market do?

Posted by:  |  Time: 7:26 am  |  Topic:
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iift-email

Good Morning

It was all about Janet yesterday and although she was exactly as expected she did bounce the dollar. Basically, Quantitative Tightening will take 10 billion out of the market per month starting in October, then increasing by 10 billion every three months, up to a maximum of 50 Continue Reading →

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FOMC the big event.

Posted by:  |  Time: 7:20 am  |  Topic:
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iift-email

Good Morning

The market was as expected yesterday slow and stable, so we await the Fed outcome this evening. Indeed any of the data releases ahead of that including Oil Inventories, are not likely to have much effect and therefore not a straddle event.

I fully expect Janet Yellen to Continue Reading →

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