IIFT Daily Note with Peter Brown

Markets recover strongly, again!

Posted by:  |  Time: 7:43 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

All in all it looks like a diplomatic solution to the Ukraine. That could change but meanwhile the markets have recovered lost ground. We are still in a difficult phase on indices where the movements are so big technical s are not in play. Hopefully we will settle down over the next few days and get some decent support and resistance points. Ukraine should be sidelined for now while talks take place. Always the chance of a surprise headline though.

Today we have a lot of data and that should focus the market. Expect a quieter day conditions Calm/choppy

Little to be gained selling equity markets , buying the dips is better. FX is extremely quiet and range bound,

Levels today are  S&P (MAR) 1875  1863  Wall St (DFB) 16420  16320 DAX (DFB) 9600  9500  Euro 1.3770  1.3700

Comments are closed.