Weekly Game Plan 11 Nov 19

You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. Our best pieces can be found in one placehere. If you want to get an idea for how I trade trends, this webinar will help. If you want to know how I Trade the News, this plan will help. 

Here is this week's Game Plan:

Trade optimism was the main theme driving the financial markets last week but with conflicting headlines over the weekend, things may be different with Asia opens.  After the markets closed on Friday, White House advisor Navarro told Yahoo Finance that Trump will not roll back tariffs as part of a phase one trade deal. Navarro said the Chinese are trying “to use the western press” to box the US into agreeing to a rollback of some of the existing tariffs, and that “the president is having none of that”. To further complicate the outlook for this week, China inflation data was mixed, with headline CPI rising more than expected while PPI fell more than expected.

Remember that US bond markets  and Canadian markets are closed on Monday.

Themes for the Week:

• Focus remains on fluid status of US-China talks.
• The RBNZ meets this week and the market is pricing in around a 65% chance of a 25 Bp cut to 0.75%.
• Federal Reserve Chair Powell delivers the annual Economic Outlook before the Joint Economic Committee of the US
  Congress on Wednesday. Fedspeak will be abundant this week, above & beyond Powell.
• Bank of Canada Governor Poloz delivers a key note address at the San Francisco Federal Reserve on Thursday night (10pmET) with remarks available fifteen minutes beforehand.

Data in the Week Ahead:

• UK GDP
• NZD Inflation Expectations
• UK Employment Change
• GER ZEW
• RBNZ Decision
• UK CPI
• US CPI
• AU Employment Change
• GER GDP Q/Q
• UK Retail Sales
• US Retail Sales

On the Radar:

Going into the week I remain bullish on US equities in particular. I remain bullish on Crude Oil. I'm bearish on Gold. I'm bullish USD vs Eur and Kiwi.