IIFT Daily Note with Peter Brown

Well we have volatility but where are we going!

Posted by:  |  Time: 6:46 am  |  Topic:
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Yesterday was a mirror image of Wednesday. Market went into a buy mood and we reached new highs. At present it is all about Spain. The budget announcement went down well, we now have see if they will go for the bailout, that’s the main issue. There is also the Catalan issue. So we are in for a period of volatility, great. Market is getting into a mood and going with it, so our job is to determine which way we are going today. Moves are big so there is plenty of opportunity.

I’m in Cork today so can’t trade.

Levels to watch are Euro 1.3050   1.2890  Gold 1755  1785   S&P 1445  1430

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