The Traderszone Network

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In 2008, with Republicans having been handed a massive defeat that resulted in Democrat control of all three branches of government in Washington D.C., George W. Bush decided to do the honorable thing by bowing to the will of the people and vowing not to publicly criticize the new President-elect.  Now, 8 years later, President Obama finds himself in the exact same position as the American people have dealt his “legacy” a massive blow by handing Republicans total control of Congress and the White House.

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October trade balance data from Japan
Trade balance for October Y 496.2bnTrade balance (adjusted): Y 474.3bnExports -10.3% … MissImports -16.5% … Miss
Not a lot of response from the yen, typical for Japanese data much of the time.

Analysts seem to be convinced oil will remain range bound at $40 to $60 per barrel forever.

For the past year, Deutsche Bank was one of the most stubbornly pessimistic banks. Then, overnight, everything changed for one reason: Donald Trump.

The German bank laid out its 180-degree change in opinion in a 30-page Friday note titled “Trump: the huge picture for stocks”, in which it revealed that it now expects the S&P to easily rise to 2,250 by Trump’s inauguration, and then rise to 2,500 by 2018 “before suffering its next bear market.”

While not necessarily the “huge picture”, here is the big picture summary of DB’s note:

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Global FX Strategy from Morgan Stanley, this via
eFX

Iraq will offer three new proposals at a meeting in Vienna this coming week to discuss implementing an OPEC accord to cut output, Iraq’s Oil Minister Jabbar al-Luaibi said late Sunday, in the latest sign the country is inching closer to resolving its differences with the cartel.
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