IIFT Daily Note with Peter Brown

News will drive this.

Posted by:  |  Time: 8:52 am  |  Topic:
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Today and tomorrow there is a raft of news. Interest rate decisions, Draghi speaking and payroll data.

The Greek deal will dominate this evening. Looks like we will get a deal, whether we get a credit event is another thing. We just have to wait for the announcement and the market reaction to see. Like wise with the other news events.

The market found a bottom at 1.3100 in the Euro  and 1340 in the S&P. Gold also put in a good bounce.

I am not going to say sell on rallies today. The news comming out over the rest of the week will determine the direction.

I am square into the news and will react.

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