IIFT Daily Note with Peter Brown

Recent IIFT News About ‘Trading Views’


Quiet after the storm.

Posted by:  |  Time: 7:21 am  |  Topic:
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A IIFT 2

Good Morning

It was a very interesting ECB meeting and Press conference yesterday. The ECB extended its QE program passed April ‘17 to Dec ,17 but at a lower rate of 60bln a month instead of 80.The markets initial reaction was negative but then quickly realised how dovish this is. Continue Reading →

Indices roaring

Posted by:  |  Time: 7:38 am  |  Topic:
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A IIFT 2

Good Morning

The equity markets are on fire. There are a number of factors; traders are switching from bonds to equities as they see new expansionary monetary policy ahead. Trump spending and tax cut plans are also stimulating certain sectors and Draghi today should extend QE in the Eurozone. It Continue Reading →

All quiet on the Western Front

Posted by:  |  Time: 7:35 am  |  Topic:  |  Comments: 1
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A IIFT 2

Good Morning,

Niall here filling in for Peter this morning.

Markets have become very subdued in the last 24hrs. Flat as a pancake nearly on some products. A lack of any major news, announcements, speeches and data could bring us into tighter ranges as we go deeper into December trading. Continue Reading →

Stunning rally.

Posted by:  |  Time: 7:27 am  |  Topic:
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A IIFT 2

Good Morning

Well yesterday was a classic example of ‘sell the rumour buy the fact’. After the election result in Italy the market roared literally. EUR/USD is up 250 points and the DAX is up 400. Sometimes the blog can be too early and hard to gauge the mood and Continue Reading →

Eurozone is a mess.

Posted by:  |  Time: 7:38 am  |  Topic:
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A IIFT 2

Good Morning

There is a lot going on and that is set to last for a while. Austria avoided a right wing leader but the Italian Government has fallen. Add to that the volatility in the oil prices, a FED meeting and an ECB meeting and you can see it Continue Reading →

Oil off the agenda so fun from the NFP today.

Posted by:  |  Time: 7:38 am  |  Topic:
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A IIFT 2

Good Morning

Well we have had our oil deal and our rally. Over the next few weeks I think we may see a run at $60. After that we will see if the agreement is being met and we can go from  there. Either way oil as a market driver Continue Reading →

We are a bit all over the place really.

Posted by:  |  Time: 7:35 am  |  Topic:
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A IIFT 2

Good Morning

There was a lot of action on the back of the OPEC deal yesterday and some confusing moves. Dollar is higher as bonds saw a sell-off. That means interest rates are higher so dividend paying stocks are down as are airline stocks. So despite getting a boost on Continue Reading →

OPEC decision today, not holding my breath!

Posted by:  |  Time: 7:33 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning

It was a very quiet day yesterday with very narrow ranges. Nothing yet from OPEC, we may get a decision later today. We are not expecting a deal so it will be interesting to see how the markets react. If we hold above $40 we will be ok Continue Reading →

Oil and Italy but no panic yet.

Posted by:  |  Time: 7:25 am  |  Topic:
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IIFT 2

Good Morning

Two big items on our agenda, firstly the OPEC meeting tomorrow and then the Italian referendum at the weekend. Neither is predicted to go very well! It is unlikely we will get a deal at OPEC so the question is how low will oil fall. (I am hearing Continue Reading →

Big week ahead.

Posted by:  |  Time: 7:33 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning

A very interesting week ahead, OPEC on Wednesday is the first big event and then NFP on Friday. We start with the dollar lower and that is the first time we can say that since the election. Is this the end of the rally for now? Quite possibly, Continue Reading →

Quiet day, mostly still on holiday.

Posted by:  |  Time: 7:34 am  |  Topic:
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IIFT 2

Good Morning

After Thanksgiving yesterday we still have a partial US market today. So I expect a quiet narrow trading range again today. The theme is set, higher dollar and higher US stocks but we may see a little correction while the US traders are away shopping.

Euro set to Continue Reading →

Happy Thanksgiving

Posted by:  |  Time: 7:32 am  |  Topic:
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A IIFT 2

Good Morning,

A half day today or even less. Today will be all about the morning session from now until 11am and even this should be quiet. After this the markets should sit quiet for the day with the US session closed for the holiday. We should just do the Continue Reading →

No Surprises

Posted by:  |  Time: 7:57 am  |  Topic:
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A IIFT 2

Good Morning,

We have had no real surprises yet this week. Markets ticking along more or less as expected. Most appearing to be take a break and remaining flat after some very strong moves over the last couple of weeks.

Will we see any surprises today? I expect not but Continue Reading →

Temporary Profit Take

Posted by:  |  Time: 7:41 am  |  Topic:
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A IIFT 2

Good Morning,

Last night we had some news of an earthquake in Japan but nothing close to the 9.1 seen back in 2011. The Japanese are well equipped to deal with a 7 and very little came of it in the end which is very clear looking at the charts Continue Reading →

Dollar strength dominates

Posted by:  |  Time: 7:13 am  |  Topic:
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A IIFT 2

Good Morning

Very little on the calendar today except Mario at 4 pm. The dollar is king and it is dominating all other markets. The stock rally has stalled as a strong dollar is not necessarily good for equities, hurting exports etc. Trading conditions are good on the indices but Continue Reading →

Dollar surging

Posted by:  |  Time: 7:27 am  |  Topic:
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IIFT 2

Good Morning

The market took off after a lame speech by Janet Yellan in the afternoon. There was not a lot in it but the market decided that it was enough to trigger another bout of dollar buying. We are hitting some heady levels, 110 against the JPY. We Continue Reading →

Steady as she goes for now.

Posted by:  |  Time: 7:25 am  |  Topic:
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A IIFT 2

Good Morning

Another sideways day as we await some major events. We have the OPEC meeting on the 30th of this month, then the Italian referendum early December, followed by the US rate decision. Add to that details of the Trump presidency and we may have a nice choppy run Continue Reading →

Sideways for now.

Posted by:  |  Time: 7:29 am  |  Topic:
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IIFT 2

Good Morning

We have definitely settled down after all the hype yet the market is still very well supported, both indices and the dollar. We should get some decent trades in at support and resistance. The dollar rise and the speculation over Trump policies make it difficult to take strategic Continue Reading →

Market takes a breather

Posted by:  |  Time: 7:42 am  |  Topic:
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IIFT 2

Good Morning

I think we have settled down and we can move the calls from hurricane back to choppy. That suits retail traders; it has always been my experience that these major market events are not great for trading. Hopefully we are back to some decent swing trading and good Continue Reading →

The Donald rally continues apace.

Posted by:  |  Time: 7:41 am  |  Topic:
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A IIFT 2

Good Morning

This is all about interest rates and spending. If Trump is true to his word and the market certainly seems to believe that, we will see increased spending on a massive scale. That will lead to higher interest rates and possibly inflation. That is what the market is Continue Reading →