IIFT Daily Note with Peter Brown

Small bounce overnight

Posted by:  |  Time: 7:43 am  |  Topic:
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After the US holiday yesterday we will get the market direction today. Euro and the S&P slightly firmer this morning.

1.3400 and 1.3280 are the big levels on the Euro and it will take some big news to break either way. S&P is still well supported 1478 support, upside is new highs. On the horizon are the earnings figures especially Apple. In the meantime we should be fairly range bound with the bias on the S&P to the upside and the downside for the Euro.

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