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 OPEC v Shale

FEAR NOT brave investors :lol:

New week ahead - but same old Trade Wars :)

We started last week with the 2018 G7 Summit in Canada and ended it with Trump slapping tariffs on China and China retaliating in kind. We had the Fed raise rates and the ECB saying they won't raise until the Summer of 2019. The result the US dollar soared.  Oil closed on it's lows as OPEC meeting nerves grabbed ahold and Henry Hub natural gas finally got over $3 btu.

We have a busy week; OPEC; trade jockeying statements and some big tech earnings including Micron and Oracle. We have interest rate decisions from the U.K. and Switzerland. This weeks U.S. market data includes housing and PMI. 

-comment section below data-

The Week That Was - Last Weeks Recap

 MWTop 5 6 17 18

US Stock Indices Performance

MW US Index Perf 6 17 18

US Yield Curve & SPX

MW Y Curve SPX 6 17 18

10 Year Yields

 MW TNX D 6 17 18

 S&P 500

 MW SP W 6 17 18

US Crude Oil (WTI)

MW WTI D 6 17 18

US Natural Gas (Henry Hub)

MW NG D 6 17 18

Baltic Dry Index (BDI)

MW BDI W 6 17 18

The Week Ahead

Key US Economic and Central Bank Events This Week

Monday Jun 18 

  • All Day Holiday Hong Kong - Tuen Ng Day
  • All Day Holiday China - Dragon Boat Festival
  • 08:45 USD FOMC Member Dudley Speaks
  • 09:00 USD FOMC Member Duke Speaks
  • 10:00 USD NAHB Housing Market Index (Jun) 
  • 11:30 USD 3-Month Bill Auction prev 1.910%
  • 11:30 USD 6-Month Bill Auction prev 2.075%
  • 13:00 USD FOMC Member Bostic Speaks
  • 13:30 EUR ECB President Draghi Speaks
  • 15:45 USD FOMC Member Williams Speaks
  •  21:30 AUD RBA Meeting Minutes

Tuesday Jun 19

  • 04:00 EUR ECB President Draghi Speaks
  • 04:30 EUR ECB's Praet Speaks 
  • 07:00 USD FOMC Member Bullard Speaks
  • 08:30 USD Building Permits (MoM) (May) 
  • 08:30 USD Building Permits (May) 
  • 08:30 USD Housing Starts (MoM) (May) 
  • 08:30 USD Housing Starts (May) 
  • 08:55 USD Redbook (MoM), (YoY) 
  • 11:30 USD 4-Week Bill Auction 1.790%
  • 11:30 USD 52-Week Bill Auction 2.275%
  • 16:30 USD API Weekly Crude Oil Stock
  • 19:00 JPY Reuters Tankan Index (Jun) 22
  • 19:50 JPY Monetary Policy Meeting Minutes 

Wednesday Jun 20

  • 02:30 JPY BoJ Governor Kuroda Speaks
  • 04:00 EUR ECB's Lautenschlaeger Speaks
  • 06:30 EUR ECB's Coeure Speaks
  • 07:00 USD MBA 30-Year Mortgage Rate prev 4.83%
  • 07:00 USD MBA Mortgage Applications (WoW)
  • 07:00 USD MBA Purchase Index 
  • 07:00 USD Mortgage Market Index 
  • 07:00 USD Mortgage Refinance Index 9
  • 08:30 USD Current Account (Q1)
  • 09:30 USD Fed Chair Powell Speaks
  • 09:30 AUD RBA Governor Lowe Speaks
  • 09:30 EUR ECB President Draghi Speaks
  • 10:00 USD Existing Home Sales (MoM) (May) 
  • 10:00 USD Existing Home Sales (May) 
  • USD Crude Oil Inventories 
  • 21:30 AUD RBA Bulletin
  • 21:30 JPY BOJ Board Member Funo Speaks

Thursday Jun 21

  • 03:30 CHF SNB Interest Rate Decision -0.75% -0.75%
  • 03:30 CHF SNB Monetary Policy Assessment
  • 04:00 CHF SNB Press Conference 
  • Tentative USD OPEC Meeting
  • Tentative EUR Eurogroup Meetings
  • 07:00 GBP BoE Interest Rate Decision (Jun)
  • 08:30 USD Continuing Jobless Claims 
  • 08:30 USD Initial Jobless Claims
  • 08:30 USD Jobless Claims 4-Week Avg.
  • 08:30 USD Philadelphia Fed Manufacturing Index
  • 09:00 USD House Price Index
  • 09:45 USD Bloomberg Consumer Confidence 
  • 10:30 USD Natural Gas Storage 
  • 13:00 USD 30-Year TIPS Auction prev 1.003%

Friday Jun  22 

  • Tentative EUR EU Finance Ministers Meeting
  • 07:00 GBP BoE Quarterly Bulletin
  • 09:45 USD Manufacturing PMI (Jun) 
  • 09:45 USD Services PMI (Jun)
  • Tentative USD OPEC Meeting
  • 13:00 USD U.S. Baker Hughes Oil Rig Count

Notable Earnings Reports This Week

*EPS estimates via Morningstar where available

Monday

  • No Earnings

Tuesday

  • EVERTZ TECH LTD $ET After Market Close N/A
  • FEDEX CORP $FDX After Market Close  5.71
  • LA-Z-BOY INC $LZB After Market Close 0.64
  • ORACLE CORP ORCL After Market Close  0.87 

Wednesday

  • WINNEBAGO $WGO Before Open 0.91
  • RENESOLA LT-ADR $SOL Before Open 0.01
  • ACTUANT CORP $ATU Before Open  0.36
  • STEELCASE INC $SCS After Market Close 0.15
  • MICRON TECH $MU After Market Close 3.10
  • GREENSPACE BRND JTR After Market Close  0.01 
  • BARNES NOBEL EDUC $BNED After Market Close N/A
  • AM OUTDOOR BRND $AOBC After Market Close 0.11

Thursday

  • PATTERSON COS $PDCO Before Open 0.31
  • METHODE ELECT-A $MEI Before Open 0.74 
  • KROGER CO $KR Before Open 0.63
  • DARDEN RESTRNT $DRI Before Open 1.35
  • COMMERCIAL METL $CMC Before Open 0.42
  • BARNES & NOBLE $BKS Before Open N/A 
  • SMART GLBL HLDG $SGH After Market Close 1.70
  • RED HAT INC $RHT After Market Close  0.49
  • IKANG HEALTHCR $KANG After Market Close N/A
  • AMER SOFTWARE B $ASWB After Market Close N/A
  • AMER SOFTWARE A AMSWA After Market Close 0.04

Friday

  • BLACKBERRY LTD $BB Before Open  -0.03
  • BLACKBERRY-TS $BB Before Open -0.04
  • CARMAX GP (CC) $KMX Before Open 1.22
  • NASPERS LTD-N $NPSNY N/A

Note these estimates and times are subject to change and for indication only. Trade and invest at your own risk.

Trade Smart!  

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