IIFT Daily Note with Peter Brown

Oh Dear!

Posted by:  |  Time: 7:09 am  |  Topic:
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There is a continuous sell off in the Euro underway. Today we reach 1.30 a big level. I would expect some heavy resistance here, so may take some time to make a clear breech. Overall the market is really bearish. Movement is big for this time of year. No Christmas yet.

Again keep an eye on the bond yields but in the absence of any positive move we will go lower. So sell on any bounce.

Good gap close on the S&P yesterday. But at this time of year, with a lot of the market closed, these type of trades do not have the same success rate.

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