Top Trade Ideas - July 17th
10 ideas to watch this week across equity, FX, commodity and futures markets.
Last week seemed to be a “buy everything” week. CPI came in cooler, sending equities rallying higher. The dollar slumped, leading to some great moves in different pairs.
Crypto even got in on the headlines. One of crypto’s biggest debates — what should and shouldn’t count as a security in the eyes of US regulators — turned promising for retail-facing projects after a critical legal ruling on Thursday. But like many things involving the sector, the decision wasn’t completely clear-cut. However, coins did rally, and some stock-related names, such as Coinbase, rose 24% on the day (call options rallied 2,000%).
Apart from retail sales on Tuesday (pre-market), there is a minimal weekly economic calendar.
Here is a quick rundown of the best-performing US stocks this year:
Below we have put together our top watches ahead of the week. We break down five equity trades on which we are keeping an eye, both long and short, two FX trades, alongside one futures trade and two index ideas.
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