View from Toronto: Strategic Global Trading Summary for the Week

07/24/2017 2:57 am EST

Focus: STRATEGIES

Ziad Jasani

Managing Director and Partner, Independent Investor Institute

View from Toronto: Strategic Global Trading Summary  for the Week

Eurozone manufacturing data + Q2 earnings keep bounce alive. The FOMC statement is seen as hawkish and pushes the USD and yields up and equities down, until U.S. Q2 GDP data from U.S. is released Friday, suggests Ziad Jasani, in his weekly video today.

video

Strategic summary for global markets the week of July 24-28:

Global Equity Markets: July 7 bounce keeps US markets near all-time-highs, but Eurozone, Emerging Markets and Toronto Stock Exchange (TSX) show more signs of weakness during the week.

Global Bond Markets still relatively expensive, Janet Yellen/Mario Draghi stepped off the gas, but rising yields likely persist post FOMC statement July 26, creating upside for bonds/defensives only into Mid-Week (Wednesday, July 26).

Global Commodity Markets bounce failing but not broken, the front end of week positivity expected.

Theme for the week: Eurozone manufacturing data + Q2 earnings keep July 7 bounce alive to start the week. The FOMC Statement is interpreted as hawkish and pushes the US dollar (USD) and yields up and equities down, until Q2 GDP data from U.S. is released Friday, July 28.

My suggested trade ideas and scenarios follow on this chart and in the accompanying video recorded today (July 24).

View the Independent Investor Institute trading ideas and strategies video here

chart 1

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