IIFT Daily Note with Peter Brown

Mood swings

Posted by:  |  Time: 7:58 am  |  Topic:
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Market is swinging from bull to bear across all products at the moment. We need to decide the mood on the day if we are to be profitable.

Yesterday was a bull day and then reversed late on. To soon to call today. Certainly looks better to wait for a clear direction before trading.

Of note this morning is the move on USD/JPY. Waiting for a long time for the JPY to start to weaken. Economy needs it. Could this be the start!

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