IIFT Daily Note with Peter Brown

Recent IIFT News About ‘Trading Views’


Indices and dollar continue to slide.

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

Good Morning

A very interesting market it has to be said. The lack of action by the BOJ has certainly put the cat amongst the pigeons. It has put into question the effectiveness of QE and whether it is worth continuing. That together with low growth figures in the US Continue Reading →

Nothing from FOMC and Nothing from the BOJ – wow!

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

Good Morning

Well we got big price action but not in the direction that we predicted. Janet was neutral is probably the best analysis, no rate rise soon and the market loved that. The BOJ however was a big surprise. No new action so the JPY soared and all the Continue Reading →

FOMC and BOJ tonight.

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

Good Morning

Market moves were as expected yesterday; we ran up and down and ended little changed, Europe a little weaker than the US, but nothing of note really. The dollar bounced back a little and silver was a touch higher.

It is all about today with the FOMC at Continue Reading →

Waiting for Janet

Posted by:  |  Time: 7:33 am  |  Topic:  |  Comments: 3
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IIFT 2

Good Morning

The open yesterday was a little more negative than I anticipated, the DAX fell 150 points or so. The mood has turned on expectation that the FOMC will be hawkish and set a tone where interest rate rises come back to the table. That along with bad earnings Continue Reading →

Big week with FOMC and BOJ.

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

Good Morning

We have a very big week ahead with the BOJ and the FOMC both meeting this week. The volatility may come on the FX markets rather than the indices as BOJ turn up the QE heat and will the FOMC hint at rate rises? This morning we are Continue Reading →

ECB today, rally set to continue.

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

Good Morning

Good day yesterday, a bit quiet in the morning session but we livened up in the afternoon. The markets are really solid when oil is above $40 and yesterday it roared, the DOW and DAX gaining strongly. We open this morning with a bias towards the upside again Continue Reading →

Rally stalled?

Posted by:  |  Time: 7:38 am  |  Topic:  |  Comments: 3
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IIFT 2

Good Morning

We are a bit lower this morning after a great day yesterday. The markets really took off for most of the session buoyed by the rising oil price. We had some poor data from Housing starts and Goldman Sachs in the afternoon and that put a top on Continue Reading →

Gaps closed and beyond.

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

Good Morning

From the Monday morning gap discussed yesterday we saw gap closes across almost all major markets. Oil recovered the dip over the weekend with Indices and Currency pairings following suit and beyond. Very sturdy markets here in the short term and should continue through the week ahead.

There Continue Reading →

A good swing trading market.

Posted by:  |  Time: 7:28 am  |  Topic:
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IIFT 2

Good Morning

It was consolidation and a slow trading session yesterday. The market has bounced a long way but looks solid up here, especially as the oil price seems to have stabilised above $40. The market is in good mood and overnight Chinese growth data was as expected at 6.7%. Continue Reading →

The rally should continue for a while.

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

Good Morning

A very strong day all around on the markets, the indices were in a power rally and the dollar made a comeback. Oil held in above $40 and the markets love these conditions. Low oil, low inflation and all this money printing can lead to short term euphoria. Continue Reading →

All is rosy in the garden.

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

Good Morning

A big up day yesterday based on a big jump in oil. Rumours of a Saudi/Russian freeze being used as an excuse but in reality the commodity markets are just jumping on a lower dollar. The target for oil could be as high as $48 in the short Continue Reading →

More range trading

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

Good Morning

A bit of volatility yesterday but we more or less stayed inside the ranges. Oil was the big wined with US crude back above $40 this morning. Seen as how there is nothing on the economic calendar again today we can expect a similar trading session to yesterday. Continue Reading →

Another quiet day ahead.

Posted by:  |  Time: 7:28 am  |  Topic:
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IIFT 2

Good Morning

Friday panned out as expected and markets stayed within the range. We are sliding lower on these indices, we were 10,000 on the DAX not so long ago. What is happening? We are in an extraordinary time of dovish Central bankers and yet they cannot rally the market. Continue Reading →

We are in for a quiet Friday.

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

Good Morning

As oil has settled down so have the markets. Well the indices at least. We are still trying to find the bottom to the dollar especially against the JPY. Oil above $35 is good for markets and we will be stable and calm. Yesterday the markets fell throughout Continue Reading →

Dollar is thrashed.

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

Good Morning

Yesterday was dominated by two things. Firstly a bounce in oil was good for stocks and secondly FOMC members including Janet were dovish again which was bad for the dollar. Stocks had a good day but the dollar did not. Indices are range bound for now it seems, Continue Reading →

Market looks stable.

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

Good Morning

We had a day yesterday led by oil sentiment. The market pushed lower towards $35 but recovered well in the end and the indices followed. Although we are lower overall, we are well off the lows. The DAX bounce was muted and is really underperforming given the QE, Continue Reading →

Are we close to the top of this recent rally?

Posted by:  |  Time: 8:46 am  |  Topic:  |  Comments: 2
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IIFT 2

Good Morning

Sorry we are a bit late starting this morning, a few technical issues. First to Friday and the NFP, a good figure in the end and we are back at the top of recent ranges, Dow at 17,800. There are a lot of clouds gathering, oil is down Continue Reading →

NFP today, do not expect too much.

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

Good Morning

As we said, this market is going to run up and down with the oil price and that is what is happening. Where the oil price is heading however, is a total guess. Below $35 and the market will sell hard and above $40 and we will rally. Continue Reading →

Quarter ends practically unchanged!

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

Good Morning

We have oil a bit lower so stocks have topped out. The question is, where is the oil price going? As we end March we are more or less back to where we started the year on the indices, so despite the very volatile conditions in January and Continue Reading →

Janet’s dovish tones rally the market.

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

 

Good Morning

Well for somebody who raised rates in December she certainly is doing a great job of backtracking. Janet was extremely dovish again last night and sighted international factors as the reason to be cautious on further rate rises. The market loved it. We have to be very Continue Reading →