IIFT Daily Note with Peter Brown

Slightly Better but still rangebound

Posted by:  |  Time: 7:46 am  |  Topic:
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The market has opened better this morning but not enough news to rally the market through resistance points. The US is producing better figures but the Spanish refusal to agree the bailout is providing a counter balance.We should remain range bound untill the Non Fram payrolls on Friday.

Euro is 1.2870  to 1.2970

S&P   1436  1456

Gold 1760  1790

The S&P and gold are attempting breakouts to the topside but I would regard that as a sell rather than expect much headway higher.

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