IIFT Daily Note with Peter Brown

Recent IIFT News About ‘Trading Views’


Plenty of data today

Posted by:  |  Time: 7:53 am  |  Topic:
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iift-email

Good Morning

The market was as expected yesterday, a quiet start but an upward bias. Today we start to get into the data releases. Especially those linked to inflation and interest rates. There is a straddle first thing in the UK.

Bias is still to the upside although more so Continue Reading →

Quiet start to an active week.

Posted by:  |  Time: 7:43 am  |  Topic:
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iift-email

Good Morning

A bit late this morning due to the weather, so a quick one.

The NFP on Friday kept the rally intact and the market bias is up this morning also. A bit of confusion over the Brexit deal has GBP on the back foot. FX is really steady, Continue Reading →

Deal in Europe should add to the positive sentiment.

Posted by:  |  Time: 7:32 am  |  Topic:
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iift-email

Good Morning

There is a lot going on. Firstly the Index markets have their mojo back and with that, the dollar is rising. We have the NFP today and a decision on rates next week. The NFP is not as important as in the past; inflation and growth are more Continue Reading →

Bitcoin killing gold.

Posted by:  |  Time: 7:44 am  |  Topic:
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iift-email

Good Morning

Yesterday we saw a bit of a recovery on the index markets. Foreign exchange was pretty flat but gold and silver fell hard. Maybe it is the money going into Bitcoin and leaving gold that is causing such a sustained sell-off. The safe-haven status of gold has not Continue Reading →

All over the shop really.

Posted by:  |  Time: 7:38 am  |  Topic:
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iift-email

Good Morning

Indices are all over the shop. The Tax cuts in the US and Brexit in the UK. We are experiencing wild swings in values and the market are whizzing up and down hundreds of points. Hurricane market conditions are now in play even though today we may settle Continue Reading →

Tax cuts achieved, on an up.

Posted by:  |  Time: 7:13 am  |  Topic:
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iift-email

Good Morning

Friday afternoon was mayhem with some serious up and down action. Flynn and his defection and then the news all had been waiting for, the tax cuts. The market was ballistic trading up and down hundreds of points. That is why we use risk management and recommend being careful Continue Reading →

Market is a bit confused

Posted by:  |  Time: 7:38 am  |  Topic:
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iift-email

Good Morning

Suddenly there is a lot moving. I am not so sure all of it makes sense and is not due to Christmas markets, and year-end coming early. The Euro is rising against the dollar but the dollar is up against the JPY. Gold is getting killed, the US Continue Reading →

More gains to come

Posted by:  |  Time: 7:36 am  |  Topic:
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iift-email

Good Morning

The market took a breather yesterday. The US levels are the same again this morning but we are a bit off the highs. The rally is still very much in place in the US but the DAX has been lagging badly. Not quite sure why but the higher Continue Reading →

And so it begins.

Posted by:  |  Time: 7:40 am  |  Topic:
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iift-email

Good Morning

The Santa Clause rally took off in earnest last night. After European close just to be annoying, but it was some surge. More upside to come I suspect as there is no bad news around. Even North Korean exercises failed to dampen enthusiasm.

We may have to pull Continue Reading →

Still biased to the upside.

Posted by:  |  Time: 7:39 am  |  Topic:
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iift-email

Good Morning

Well, the market was slightly bullish yesterday but fairly quiet, to be honest. There is little on the calendar again today so very much, more of the same. My Santa Clause rally has not started and the S&P is still stuck winning new very small all-time highs.

Volatility Continue Reading →

Can we get a Christmas rally?

Posted by:  |  Time: 7:44 am  |  Topic:
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iift-email

Good Morning

Again the Chinese market is a bit lower overnight. We have to weigh that against a better outlook politically in Germany but the DAX is lower. It will be interesting to see the sentiment this morning. I am going for a slow day with an upward bias after Continue Reading →

Happy thanksgiving to all our US friends.

Posted by:  |  Time: 7:30 am  |  Topic:
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iift-email

Good Morning

It was quiet yesterday and we expect the same again today. Thanksgiving in the US so the markets there are closing early.

Trading wise the index markets look really good and I would not be surprised if we got a Christmas rally on the S&P and the DAX. Continue Reading →

DAX under a bit of pressure.

Posted by:  |  Time: 7:43 am  |  Topic:
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iift-email

Good Morning

The US market is down a bit which is surprising after dovish Fed minutes. The dollar is lower also but not a lot.

The big mover is the DAX which is down 200 on new election fears. All in all the markets are up and down these days Continue Reading →

Big rally underway.

Posted by:  |  Time: 7:37 am  |  Topic:
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iift-email

Good Morning

A really strong up day yesterday and the rally is back. The S&P hit an all-time high and sets the tone for the run into year end. We may get a feeding frenzy so selling any of these rallies is not a great trade. Buy on dips is Continue Reading →

Market back in good mood.

Posted by:  |  Time: 7:35 am  |  Topic:
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iift-email

Good Morning

A bit of a bum steer yesterday I am afraid. It turned out to be an up day after all. In fact, the market looks much better now and we may have seen the bottom of the profit taking. Certainly, we are not in a bear market. Can Continue Reading →

A bit of negativity to start.

Posted by:  |  Time: 7:41 am  |  Topic:
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iift-email

Good Morning

The mood this morning is not good. Merkel has failed to form a coalition and that is weighing heavily on the European markets. Brexit is still a mess and in the US, despite the passage of the TAX bill at an early stage, the market, after a brief Continue Reading →

Dollar lower is a surprise.

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

Good Morning

The dollar is sliding and that is interesting. We have had some good news to support it, Trump Tax cuts, a rate rise coming, Abe in japan re committing to stimulus and yet we are weaker. We may be at the end of the strong dollar cycle. Given Continue Reading →

Markets bouncing strongly.

Posted by:  |  Time: 7:47 am  |  Topic:
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iift-email

Good Morning

Yesterday was a down day until the US market opened and then we rallied strongly. The recent falls are more to do with a profit take then a change in direction. US data continues strong and despite some weak readings in China, I believe this market is solid Continue Reading →

Stock correction continues

Posted by:  |  Time: 7:23 am  |  Topic:
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A IIFT 2

Good Morning

The stock market correction continued yesterday and the US market is now down 1% from the peak. Not that much really but because we are not used to seeing bear markets it looks significant. Trump’s laboured tax plans can be used to explain the selling but I am Continue Reading →

Good German data pushing up the Euro

Posted by:  |  Time: 7:46 am  |  Topic:
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iift-email

Good Morning

Yesterday was another up and down day for stocks, everything else was pretty quiet. Today we have some data releases and Yellen and Draghi are speaking at a European Central bank conference. I am not expecting much from them but given there is little else on the agenda Continue Reading →