IIFT Daily Note with Peter Brown

Recent IIFT News About ‘Trading Views’


We are not collapsing!!

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

Good Morning

So we stabilized yesterday and the selling did not follow through. After such a big move on Tuesday that could have been expected. This market has not made up its mind however and the next few sessions will tell a lot. There is no data to speak off Continue Reading →

That was a surprise

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

Good Morning

That sell-off yesterday was a total surprise. Just before Wall St opened I thought we were going to have a nice quiet run up on the S&P, how wrong was that. It was the first 1% plus correction in the S&P in over 100 days. Everything to do Continue Reading →

Quiet markets set to continue for now.

Posted by:  |  Time: 7:24 am  |  Topic:
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A IIFT 2

Good Morning

Little movement yesterday, a very quiet session all round. There were some jobbing trades on the DAX in the morning and a fade trade on the S&P in the afternoon but you had to be eagle eyed to spot that one. Conditions are just quiet and there is Continue Reading →

Lower dollar for now

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

Good Morning

The market is still smarting from the rate decision last week and mainly from the dovish comments from Janet Yellen. The rate rise was well anticipated and the market was looking for acceleration in the next increases but not to be. Janet came across very cautious and the Continue Reading →

Dovish minutes the big take away.

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

Good Morning

The FED raised rates yesterday as expected but the minutes and Janet Yellen’s speech were dovish. There is a great lesson here on the USD/JPY price action. Always in the  market it is ‘buy the rumour sell the fact’. The big players make their money on the journey Continue Reading →

US rate decision later

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

Good Morning

Yesterday was all about oil. Today is all about the rate decision in the US and tomorrow is all about the minutes of the BOE meeting. So strap in, it should be fun. Oil has bounced from the low but needs watching. The index markets are very sensitive Continue Reading →

The day before the storm.

Posted by:  |  Time: 7:29 am  |  Topic:
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iift-email

Good Morning

A very interesting day yesterday, the stock markets were mildly bullish and the dollar re-found its mojo. I thought after Draghi’s comments that the Euro may have bottomed out from its multi-year sell-off but that now looks unlikely for now. The economic fundamentals are for a lower EUR/USD Continue Reading →

Oil, Brexit and Draghi, all causing moves.

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

Good Morning

There is now a lot going on in these markets. Oil, Brexit and Draghi’s hawkish comments are all upping the action. The oil price is important if it continues to fall as it will cause jitters in the stocks markets. We need to stabilise above €45 to prevent Continue Reading →

NFP for today’s action

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

Good Morning

The ECB press conference was as expected yesterday and had little impact on the market. The confirmation of QE out until DEC 17 and no mention of tapering helped the DAX. Euro was a bit up and down but overall the lower trend should continue.Oil has come into Continue Reading →

ECB inflation outlook the big event today.

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

Good Morning

The big story yesterday was on oil. A lot of oversupply in the US caused a sharp sell-off. Just shows that with global demand still sluggish the oil price is not going too high in the medium term. I think Oil has a 48/58 price range on it Continue Reading →

Treading water

Posted by:  |  Time: 7:24 am  |  Topic:
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iift-email

Good Morning

The market is in a bit of a lull to be honest. the heavy buying has stopped and prices are sideways to lower. There is no real news driving sentiment so stories of a China slowdown take center stage. That is the only reason I can come up Continue Reading →

More of the same

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

Good Morning

The market was as expected yesterday. Up and down but within the tech ranges. More of the same again today I suspect as there is little on the calendar to drive the market in either direction.

Overall the market is very solid and despite the fact that we Continue Reading →

Expect a slow start to the week.

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

Good Morning

Thank you all for attending on Saturday. I hope you enjoyed the day as much as we did.

It is going to be a quiet start to the week. It looks like everything expected is priced in to this market for now. That means we may see a Continue Reading →

Yellen back on the agenda today.

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

Good Morning

The market took a rest yesterday after the hectic rally this week. The big event today is Janet Yellen later this evening and her thoughts on a rate rise. I think she will leave the door open and the dollar and stock market will like that. Up until Continue Reading →

Amazing day and very rare.

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

Good Morning

The market is in a feeding frenzy that is the best way to put it. Those long of stocks are having a great ride and those not are just jumping in. There is no real logical rationale to this extreme rally but it is what it is. People Continue Reading →

Not a lot of detail.

Posted by:  |  Time: 7:24 am  |  Topic:
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iift-email

Good Morning

Long on promises short on detail and that about sums it up. How long the market will give Trump the benefit of the doubt without him bringing forward concrete proposals no one knows but it may be running short. There was nothing new in his address last night Continue Reading →

Trump’s address tonight is the key.

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

Good Morning

A quiet day yesterday as expected, indices hardly moved. There was a bit of action late on when Trump stated he was increasing his defence spend by 9%. That send the languid dollar up and gold took a hit.

There is little on the calendar in the trading Continue Reading →

Quiet ahead of the storm

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

Good Morning

There is a little more volatility in the market but not much in terms of direction, big day tomorrow though as Trump outlines his plans for fiscal stimulus. Today should be fairly quiet but still with some good movement but the market should trade sideways ahead of Donald. Continue Reading →

Choppy Friday on the cards

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

Good Morning

Suddenly there is a lot going on; hints at a TAX cutting plan in the US, dovish Fed minutes, Germany calling for a rate rise and a bit of a correction in stocks. The market has just come a long way and I think the dollar has too. Continue Reading →

Sideways for today I suspect.

Posted by:  |  Time: 7:24 am  |  Topic:
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A IIFT 2

Good Morning

No question this market has come a long way. There is absolutely no sign of a correction so we may get a bit of sideways price action. Today looks quiet with the only news item of note being the crude oil inventories at 4 pm. Straddle if you Continue Reading →