Trading Ideas

The Economic Cost of the U.S. Shutdown Showdown

The partial U.S. government shutdown that began on 22 December 2018 has entered its record-setting fourth week, with no clear resolution in sight. Although the $5.7 billion of border wall funding at the heart of the shutdown is small relative to the annual $4 trillion government budget, its symboli ...

Can The Deere Start Running Again?

There's been a nice surge in the Commercial Vehicles group over the past month. One of the leaders in the group is Deere & Co. (DE) which outperformed all of 2017 and consolidated through 2018. This week's price action on Deere looks like the highest weekly close in 9 months - and there are a few ...

Oil approaches upper boundary of recent trading range

Oil continues to trade in a range between $50.38 and $53.31.  Overnight the IEA monthly report reiterated global oil demand should be stronger in 2019, citing reasons that lower fuel prices will help the slower economic activity.  The supply side issues however will continue to keep oil rallies c ...

USD/CAD – Canadian dollar steady ahead of CPI

USD/CAD has posted small gains in the Friday session, recovering the losses from Thursday. Currently, the pair is trading at 1.3265, down 0.12% on the day. On the release front, Canada releases CPI, which is expected to post its third decline of 0.4% in the past four months. In the U.S., today’s ...

Morning News: January 18, 2019

Shutdown Clouds Outlook for Consumer-Driven U.S. Economic Growth Why I’m Holding Cash And Gold: Worsening Bond/Debt Outlook Consumer Giants Spurn Risks to Chase Online Subscribers Tesla Slumps After Eliminating 7% of Staff, Sees ‘Very Difficult’ Road Ahead CVS Wins Back Walmart in Pharmacy De ...

Dollar supported by U.S trade optimism

Friday January 18: Five things the markets are talking about Improved market and investor optimism for Sino-U.S trade talks saw global equities and U.S stock futures climb in the overnight session. In commodities, crude oil prices are leading the rally, while sovereign yields back up and safe have ...

DAX streaks above 11,000 as investors eye U.S-China trade talks

The DAX index has posted sharp gains in the Friday session. Currently, the index is at 11,046, up 1.17% on the day. Bank and auto shares have climbed sharply, with BMW, Daimler and Deutsche Bank all registering gains of over 2% on Friday. In economic news, there is only one release. The eurozone cu ...

EUR/USD – Euro drifting on lack of key indicators

EUR/USD is showing little movement in the Friday session. Currently, the pair is trading at 1.1404, up 0.14% on the day. In economic news, the eurozone current account surplus narrowed to EUR 20.3 billion, down from EUR 23.0 billion. This was well off the estimate of EUR 24.1 billion. In the U.S., ...

New Issue: TD FixedReset 5.20%+327, NVCC-Compliant

The Toronto-Dominion Bank has announced (although not yet on their website): a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 22 (the “Series 22 Shares”). TD has entered into an agreement with a group of underwrite ...

January 17, 2019

Husky’s bid for MEG has failed: Husky Energy Inc. has abandoned its quest to acquire MEG Energy Corp. in a $3.3-billion hostile offer, confounding investors and triggering a selloff in MEG shares. Husky said fewer than its threshold of two-thirds of MEG shares were tendered by a Wednesday deadlin ...