IIFT Daily Note with Peter Brown

Market seems too calm about the Ukraine.

Posted by:  |  Time: 7:55 am  |  Topic:
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Good figures yesterday gave the dollar a boost. This combined with nervousness towards the Ukraine unrest saw the Euro put in a move to the downside. Stocks remain unphased. We have a raft of economic data today Europe and the US. This should keep the market nicely on the boil. We are starting to establish ranges on the equity market although wide initially. FX is good, Euro very technical and our Aussie trade working well. Wait for the market sentiment to gauge how seriously the Russian threat is being taken and go with the mood. Stocks still expected to be volatile, FX more stable.

Trading conditions Choppy

Levels are:- Euro 1.3700 1.3650 S&P (MAR) 18153  18138 Wall St (DFB) 16260  16150 DAX (DFB) 9700  9600 AUD/USD .8980 .8880

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