Trading day in one post 13.07.2017

Overview of Asian indices:

Most Asia markets advanced in Thursday trade as markets parsed through Federal Reserve Chair Janet Yellen's comments during her testimony before congress. Nikkei 225 rose 0.18 percent and Australia's S&P/ASX 200 surged 0.85 percent and Kospi index advanced 0.99 percent.

FX overview: During the Asian session, JPY and USD were the weakest currencies against their major competitors. The USD / JPY is currently at 113.15, while yesterday traded at around 113.40. The pounds rose slightly against the EUR and USD, traded at 0.886 and 1.2900.

What to expect today: We expect today the CPI data from Germany, France and the US and the second half of Janet Yelan's statement as well. At 15:30 we look for US unemployment claims.

USD - The US dollar remains under pressure. For now, the US currency is among the weakest in the market. After the first half of the Yelan testimony, the dollar remained weak after the Fed questioned whether there would be another increase in interest rates in 2017.

Commodities Markets
What to expect today:

Oil remained almost unchanged during the Asian Hours. Raw material is still in the bear market and we can look for short positions at any convenient adjustment.

Gold: Gold rose during the Asian session. The price of the metal has led to levels of resistance where we can look for suitable places for new short positions.

Overview of the American indices and futures: US stock indices closed in positive territory yesterday. After the market deliberately interprets the comments for the Fed Chairman, Janet Yelan

What to expect today: Today, our eyes will be on the second half of Janet Yelton's statement to Congress. Investors will follow Yelan's tone for further guidance on the US economy.

Economic news and data, which will likely move the markets today:

09:00 Germany - CPI

09:45 France -CPI

10:15 Switzerland - PPI

15:30 USA - Initial Jobless Claim

15:30 USA - PPI

15:30 Canada - New Housing Price Index

17:00 USA - Fed Chair Yellen Testifies

FX Technical picture:

Indices technical picture:

US Equity Upgrades
COVANTA (CVA) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT BARCLAYS
DURECT (DRRX) UPGRADED TO BUY FROM HOLD AT STIFEL
ENLINK MIDSTREAM (ENLC) UPGRADED TO HOLD FROM UNDERPERFORM AT JEFFERIES
GRUBHUB (GRUB) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT COWEN
JAGGED PEAK ENERGY (JAG) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BMO CAPITAL
NVIDIA (NVDA) UPGRADED TO BUY FROM HOLD AT SUNTRUST
PDF SOLUTIONS (PDFS) UPGRADED TO BUY FROM HOLD AT CRAIG-HALLUM
SOUTHWEST GAS (SWX) UPGRADED TO HOLD FROM UNDERPERFORM AT JEFFERIES
TARGA RESOURCES (TRGP) UPGRADED TO BUY FROM HOLD AT JEFFERIES
WESTPAC BANKING (WBK) UPGRADED TO BUY FROM NEUTRAL AT GOLDMAN SACHS
WILLIAMS PARTNERS (WPZ) UPGRADED TO BUY FROM HOLD AT JEFFERIES
ZIMMER BIOMET (ZBH) UPGRADED TO BUY FROM NEUTRAL AT GUGGENHEIM

US Equity Downgrades
FORUM ENERGY (FET) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
FREEPORT MCMORAN (FCX) DOWNGRADED TO SELL FROM HOLD AT BERENBERG
HARLEY-DAVIDSON (HOG) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT BERNSTEIN
INOTEK PHARMACEUTICALS (ITEK) DOWNGRADED TO HOLD FROM BUY AT CANACCORD
ITAU UNIBANCO (ITUB) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN
KIMBERLY-CLARK (KMB) DOWNGRADED TO SELL FROM NEUTRAL AT UBS
KONA GRILL (KONA) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT RAYMOND JAMES
MAMMOTH ENERGY (TUSK) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
MONSANTO (MON) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
NOVOCURE (NVCR) REMOVED FROM BEST IDEAS LIST AT WEDBUSH
PROPETRO HOLDING (PUMP) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
RICE ENERGY (RICE) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES
SUPERIOR ENERGY (SPN) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS

US Equity Initiations
ALTICE USA (ATUS) INITIATED WITH A BUY AT GUGGENHEIM
ANTHEM (ANTM) INITIATED WITH A NEUTRAL AT CREDIT SUISSE
BROOKFIELD RENEWABLE (BEP) INITIATED WITH A BUY AT TD SECURITIES
CHEESECAKE FACTORY (CAKE) INITIATED WITH A NEUTRAL AT NOMURA INSTINET
CONTANGO OIL & GAS (MCF) INITIATED WITH A BUY AT ROTH CAPITAL
CRACKER BARREL (CBRL) INITIATED WITH A NEUTRAL AT NOMURA INSTINET
CRYOPORT (CYRX) INITIATED WITH A BUY AT JANNEY CAPITAL
ELEVATE CREDIT (ELVT) INITIATED WITH A BUY AT MAXIM
ENOVA INTERNATIONAL (ENVA) INITIATED WITH A BUY AT MAXIM
FRANKLIN FINANCIAL NETWORK (FSB) INITIATED WITH A HOLD AT SANDLER ONEILL
GENERAL DYNAMICS (GD) INITIATED WITH A BUY AT BERENBERG
KORNIT DIGITAL (KRNT) INITIATED WITH A BUY AT CRAIG-HALLUM
MARATHON OIL (MRO) INITIATED WITH AN EQUAL WEIGHT AT STEPHENS
PROGENICS (PGNX) INITIATED WITH AN OVERWEIGHT AT CANTOR
RESTAURANT BRANDS (QSR) INITIATED WITH A BUY AT NOMURA INSTINET
TRIVAGO (TRVG) INITIATED WITH A MARKET PERFORM AT WELLS FARGO
WARRIOR MET COAL (HCC) INITIATED WITH A NEUTRAL AT MKM PARTNERS
YATRA (YTRA) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER

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