IIFT Daily Note with Peter Brown

Range bound for the moment

Posted by:  |  Time: 7:41 am  |  Topic:
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After yesterday’s quiet trading range the same levels apply this morning. So far the market is quiet, no clear direction.

Later in the week we expect the market to get nervous about the Italian election this weekend but as yet there is no reaction.

Very little in the way of economic data today so we could be in for a pretty quiet session.

Levels are 1.3300  1.3380 on the Euro and 1512  1521 on the S&P.

Ibex is high but not a sell unless we get some decent action.

Wait for the mood, we may spend the morning without a trade.

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