The Trading Room®

Established Since 1997

iNewton Automated Trading system

click here for free trial

Experience The Power of Market Intelligence

iNewton Performance Summary

click here

The Week Ahead – Economic Data to Dominate Price Action in the Global Markets by Joe Rios

The Trading Room

strategy room

Volatility continued to dominate across multiple asset classes this past week as we closed the second quarter in the global financial markets. The outperformers for the week included crude oil rising 3% followed by NASDAQ 1.2% and the US dollar 1%. Corn was the underperformer for the week dropping -17.3%  while silver closed Q2 down -30.8%  followed by gold -23.9%  and corn -14.9%. The recent environment of low inflation and a rising US dollar with the Fed talking about tapering, has had a direct impact for the need or lack of for an inflation hedge and a currency alternative. However the precious metals appear to be oversold in the short-term.  Consistent with last week’s report, Fed tapering will continue to be the theme in the markets for the forthcoming weeks. It is my opinion that upcoming economic data releases will continue to serve as a trigger for aggressive price action.

Volatility, Crowds And Expectations is this week’s topic for advance concepts training for the IQ Room.

 

 

 

 

 
 
PageLines