IIFT Daily Note with Peter Brown

Recent IIFT News About ‘Trading Views’


Coke and Artificial Highs

Posted by:  |  Time: 7:44 am  |  Topic:
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IIFT 2


Good Morning,

We had another day of mixed markets yesterday with continued slide in oil price taking a small hold on the markets for the afternoon. I was anticipating a weaker market and looking for new daily lows in the US. We did see a new low in the Dow Continue Reading →

Apple today keeps investors at bay

Posted by:  |  Time: 7:53 am  |  Topic:
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IIFT 2


Good Morning,

Markets yesterday were particularly subdued with no significant moves to discuss and flat trading across most markets. Indices weakened slightly spending most of the day in red with the only obvious driver out there being the falling oil price. When we are struggling to find reason for the Continue Reading →

Holiday time

Posted by:  |  Time: 7:54 am  |  Topic:  |  Comments: 3
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IIFT 2

Good Morning

As some of our longer members will remember, this is the time of year where Peter packs up the speedos and heads for warmer climes. This is a great opportunity for us all to look at the markets from a slightly different angle than normal. As the next Continue Reading →

Sideways for a while, time for holidays.

Posted by:  |  Time: 7:36 am  |  Topic:  |  Comments: 1
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IIFT 2

Good Morning

Market took a breather yesterday after a stunning rally from the Brexit vote. Oil is lower and now the focus, if the price starts to head to $40 or lower stock markets will turn around to bearish. Draghi did as we expected and called for structural reforms, best Continue Reading →

Not expecting much from Draghi

Posted by:  |  Time: 7:30 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning

Market held in well yesterday as we expected and the ranges held, FX slightly dollar positive especially against the JPY. Today we have Draghi and we speculate whether he will cause any market reaction at all. This is the first time we have heard from Mario since the Continue Reading →

Slow markets but still opportunities.

Posted by:  |  Time: 7:07 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning

It is a very quiet summer market especially on the indices, closest ranges all year today. That makes for slow but good trading opportunities. We just need to lower our point’s expectations and go for smaller moves. Stops are easier to hold on to. Overall the bias is Continue Reading →

Nice and quiet

Posted by:  |  Time: 7:40 am  |  Topic:
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IIFT 2

Good Morning

A very quiet uneventful day yesterday the only action was a great fade trade first thing. The market is getting summery, slow and directionless. No big stories as yet although we expect the Italian banking crisis to get to the fore over the coming weeks.

Little on the Continue Reading →

Looking for a quiet session

Posted by:  |  Time: 7:46 am  |  Topic:
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IIFT 2

Good Morning

We open this morning on the front foot. A failed Turkish coup has not stopped the buying bias and neither has the Italian banking crisis yet! This situation on re-capitalising Italian banks is set to become the major issue of the summer. The new EU rules restrict tax Continue Reading →

Big week coming to a close.

Posted by:  |  Time: 7:37 am  |  Topic:
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IIFT 2

Good Morning

Well we had a bit of a cracker yesterday, Fade trade, Straddle trade and a swing trade off the pivot on Eur/Usd. So there is money in this market without having to trade these crazy indices. Hope you all enjoyed the broadcast.

The great news of no interest Continue Reading →

All about the UK today.

Posted by:  |  Time: 7:29 am  |  Topic:  |  Comments: 1
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IIFT 2

Good Morning

Ok we had a foot on the ball day yesterday. We had a great USD/CAD straddle but the oil inventory was no good. Outside of that the dollar is on the rise against the JPY and gold is falling. The big event today is the BOE interest rate Continue Reading →

Anything to stop this rally?

Posted by:  |  Time: 7:31 am  |  Topic:
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IIFT 2

Good Morning

Market is hard to believe when it does this rush to buy action. It is more than a relief rally following the Tory leadership result, this market is rallying because there is no other investment asset and the Central banks globally are dovish. Dangerous stuff and very bubble Continue Reading →

Full scale rally mode

Posted by:  |  Time: 6:57 am  |  Topic:
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test2

Good Morning

We are still in rally mode. This market has caught a lot of traders by surprise including me. The extent of the index rally is stunning and there seems there might be more to go. The early resolution of the Tory leadership battle is more good news for Continue Reading →

Market still rallying.

Posted by:  |  Time: 7:31 am  |  Topic:
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test2

Good Morning

Friday’s big NFP read has sent the US markets into overdrive. The combination of good news yet no possibility of a rate rise is just really bullish. We have dragged up the European markets too but the contrast is extreme. Both the Dow and the S&P are close Continue Reading →

Non-Farm, Pay Day?

Posted by:  |  Time: 7:49 am  |  Topic:
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IIFT 2

Good Morning All,

Niall posting here while Peter tends to some other business this morning.

First thing to note is that next Thursday July 14th we will be broadcasting Peter’s Morning Meeting live from the Trading Day at our offices in Dublin. He will be discussing all the hot topics including Continue Reading →

Europe looking very poor.

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

Good Morning

We had a big bounce in the US indices but not much in Europe. There is a serious contrast between the markets and understandably so. Brexit and the Italian banking crisis are driving Europe where as the US is relatively story free. The movement intra-day is large and Continue Reading →

Italian banks again! I though we fixed that?

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

Good Morning

What is it about the summer markets that they can always find a crisis? Just when we thought it was ok to go back into the water the markets are in free fall. Brexit jitters both politically and economically and a good old banking crisis in Italy and Continue Reading →

Rally has stalled

Posted by:  |  Time: 7:15 am  |  Topic:
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IIFT 2

Good Morning

Despite the fact that the US markets were closed yesterday we had the first down day for a long while. It looks like the post Brexit rally has stalled. Where we go from here is not clear, there is little on the calendar ahead of Friday’ NFP data Continue Reading →

Independance Day

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

Good Morning

US and the UK markets are storming ahead. The DOW is now back at 18,000 a stunning 1,000 point rally from the Brexit vote. The FTSE is up an amazing 900 points. No so good for the rest of the EU with the DAX only up 600. There Continue Reading →

Silver and gold are starting to shine.

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

Good Morning

The relief rally continues apace. FTSE flying on the back of weaker GBP but the DAX is barely half way back to prices pre-brexit. Two great trades yesterday, firstly a DAX fade of the pivot and then two EUR/USD trades off resistance and support. So there is good Continue Reading →

Market may settle down.

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

Good Morning

The recovery may be done, that is the impression I am getting looking at the market this morning. At one stage there were 14 green, 4 hour candles in a row on the DOW! That is some rally. We are not back to where we started however; Dow Continue Reading →