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Captain America Happy Birthday 

FEAR NOT Brave Investors :Enjoy Your Friends & Family:

New Week Ahead - Oil and Trade Wars Roll On

We closed the week with a panic high in oil prices over $74 fueled by U.S. calls that Iran's oil importers go to zero. Saturday morning the King of Saudi Arabia announced the KSA will increase production by a massive 2 million bpd. In Europe the Migration debate dominated the EU. Cryptocurrencies continued their fall, in stockmarkets Germany, Italy and Spain all entered "official Bear Market territory". US growth numbers were revised lower on high oil prices and softer housing markets

This week ahead we expect thinner trade with Canada and America both celebrating their national independance days. Expect more trade war statements to keep us busy such as General Motors'.  Holidays means limited earnings.  This weeks U.S. market data includes Fed minutes, ISM manufacturing and services and the monthly employment and trade reports.

-comment section below data-

Last Week's Big Stories

 

The Week That Was - Last Weeks Recap

 MWTop 5 6 30 18

US Stock Indices Performance

 MW US Index Perf 6 30 18

US Yield Curve & SPX

 MW Y Curve SPX 6 30 18

10 Year Yields

 MW TNX W 6 30 18

 S&P 500

 MW SP W 6 30 18

US Crude Oil (WTI)

 MW WTI D 6 30 18

MW WTI W 6 30 18

US Natural Gas (Henry Hub)

 MW NG D 6 30 18

Baltic Dry Index (BDI)

 MW BDI W 6 30 18

The Week Ahead

Key US Economic and Central Bank Events This Week

Monday July 2

  • All Day Holiday Canada - Canada Day
  • All Day Holiday Hong Kong - SAR Establishment Day
  • 09:45 USD Manufacturing PMI (Jun) 
  • 10:00 USD Construction Spending (MoM) (May)
  • 10:00 USD ISM Manufacturing Employment (Jun) 
  • 10:00 USD ISM Manufacturing New Orders Index (Jun)
  • 10:00 USD ISM Manufacturing PMI (Jun) 
  • 10:00 USD ISM Manufacturing Prices (Jun) 
  • 11:30 USD 3-Month Bill Auction Prev 1.900%
  • 11:30 USD 4-Week Bill Auction Prev 1.770%
  • 11:30 USD 6-Month Bill Auction Prev 2.085%

Tuesday July 3

  • Holiday United States - Independence Day - Early close at 13:00
  • 00:30 AUD RBA Interest Rate Decision (Jul) 
  • 00:30 AUD RBA Rate Statement
  • 08:55 USD Redbook
  • 09:45 USD ISM - NY Business Conditions (Jun) 
  • 10:00 USD Factory Orders (MoM) (May) 
  • 10:00 USD Factory orders ex transportation (MoM) (May)
  • 15:30 USD All Car Sales 
  • 15:30 USD All Truck Sales (Jun) 
  • 15:30 USD Domestic Car Sales 
  • 15:30 USD Domestic Truck Sales (Jun) 
  • 15:30 USD Total Vehicle Sales 
  • 16:30 USD API Weekly Crude Oil Stock 
  • 21:30 JPY BOJ Board Member Harada Speaks
  • 21:45 CNY Caixin Services PMI (Jun) 

Wednesday July 4

  • All Day Holiday United States - Independence Day
  • 04:30 GBP BoE FPC Meeting Minutes

Thursday July 5

  • 07:00 USD MBA 30-Year Mortgage Rate
  • 07:00 USD MBA Purchase Index
  • 07:00 USD Mortgage Market Index
  • 07:00 USD Mortgage Refinance Index
  • 07:30 USD Challenger Job Cuts (Jun)
  • 08:15 USD ADP Nonfarm Employment Change (Jun) 
  • 08:30 USD Continuing Jobless Claims
  • 08:30 USD Initial Jobless Claims 
  • 08:30 USD Jobless Claims 4-Week Avg. 
  • 09:45 USD Bloomberg Consumer Confidence
  • 09:45 USD Markit Composite PMI (Jun)
  • 09:45 USD Services PMI (Jun)
  • 10:00 USD IBD/TIPP Economic Optimism
  • 10:00 USD ISM Non-Manufacturing Business Activity (Jun) 
  • 10:00 USD ISM Non-Manufacturing Employment (Jun)
  • 10:00 USD ISM Non-Manufacturing New Orders (Jun)
  • 10:00 USD ISM Non-Manufacturing PMI (Jun)
  • 10:00 USD ISM Non-Manufacturing Prices (Jun)
  • 11:00 USD Crude Oil Inventories  
  • 14:00 USD FOMC Meeting Minutes

Friday July 6

  • 08:30 USD Nonfarm Payrolls (Jun)
  • 08:30 USD Government Payrolls (Jun)
  • 08:30 USD Manufacturing Payrolls (Jun)
  • 08:30 USD Private Nonfarm Payrolls (Jun)
  • 08:30 USD Average Hourly Earnings 
  • 08:30 USD Average Weekly Hours (Jun)
  • 08:30 USD Participation Rate (Jun)
  • 08:30 USD U6 Unemployment Rate (Jun)  
  • 08:30 USD Unemployment Rate (Jun) 
  • 08:30 USD Trade Balance (May)
  • 10:30 USD Natural Gas Storage
  • 13:00 USD U.S. Baker Hughes Oil Rig Count

 

Notable Earnings Reports This Week

*EPS estimates via Morningstar where available

Monday July 2

  • HERMAN MILLER $MLHR After Market Close 0.58

Tuesday July 3

  • ACUITY BRANDS $AYI Before Open 2.02 

Wednesday July 4

Nil

Thursday July 5

  • RICHELIEU HARDW $RCH 0.32 
  • INTL SPEEDWAY $ISCA Before Open 0.37
  • TECSYS INC $TCS After Market Close 0.13
  • PRICESMART INC $PSMT After Market Close 0.69 

Friday July 6

Nil

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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