IIFT Daily Note with Peter Brown

Ranges are narrowing

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Tighter range on trading yesterday. More negatrive news on Greece prevented S&P breaking 1302 area. In the end we got a nice gap close.

Expect range plays on both this morning.  1.2820  1.2680 on Euro and 1300  1285  on S&P.

Other products pretty quiet at the moment.   Pick the 50/70 point move, not a market for big winners.

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