IIFT Daily Note with Peter Brown

Stocks and dollar roar.

Posted by:  |  Time: 7:32 am  |  Topic:
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We are in for a very quiet day with holidays in the UK and US. Expect very calm conditions and probably a day to take off. Stocks are in for a further rally this week as we attempt new all time highs. Nothing on the calendar to stop the momentum. Dollar is gaining nicely and with it the Euro is falling into the ECB next month. All pretty predictable and in the absence of a big news story developing, this trend should continue.

Conditions today very calm.

Levels are : S&P (JUN) 1902  1896 Wall St (DFB) 16645  16600  DAX (DFB) 9820 9775 Euro 1.3650  1.3600 Gold 1300  1285

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