IIFT Daily Note with Peter Brown

Quiet before the storm

Posted by:  |  Time: 7:24 am  |  Topic:
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This is the last week of summer. We are heading into a critical time for the markets over the next three weeks. Starting with Jackson Hole on Friday. Followed by the ECB plan for bond buying in early September.

Volatility is comming that’s for sure. Today however is a bank holiday in the UK so it will be fairly quiet. On Friday we got a bounce in the S&P late in the day, euro was up and down.

Today support is at 1396  with resistance 1414

Euro support is 1.2480   resistance 1.2560

Quiet trading day to day.

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