Top Trade Ideas - May 15th
As your personal investment analyst, we strive to bring you informed decisions. After a thorough market review, here are our trade ideas for you to capitalise on this week.
The week ahead of us brings a calmer economic calendar than that of late. Inflation figures for Canada and Japan will be released, and Fed Chair Powell will speak on Friday.
From our ideas last week, we had a good start to a move on Oracle, now heading towards $100. Our Salesforce idea broke higher nicely, although some profit taking on the name means price is holding above resistance-turned-support. We expect this move to continue. Also, our long DXY has played out well, as Thursday and Friday brought us a 1.2pt move on the index.
As a new week starts, we have thoroughly reviewed FX, equity, and commodity markets and highlighted some ideas we will be watching.
Starting our equity ideas for the week ahead, we have one of the strongest stocks this year.
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