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The Week Ahead in the Financial Global Markets

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From the desk of Joe Rios

The US dollar continued to climb higher but settled in consolidation mode towards the end of the week. In similar fashion Natural Gas and the Grains finished the week consolidating from previous downward trends. The stock indices broke down from support levels identified by the RQ-Channel #2. The US Treasury 10 Year Note closed the week flat while the Metals finished the week little changed. The recent volatility was welcomed by most momentum style traders. Trade opportunities were seen for intraday trading styles for both the London and US trading sessions. Last week’s price action ended like a cliffhanger, therefore I am looking forward to the week ahead in the financial markets. Which market will be in the forefront of volatility? Will the US dollar continue the uptrend or begin to consolidate? Or will profit-taking trigger a reversal? In the week ahead I will continue to focus on the stock indices and the correlations with the risk assets including Crude Oil and Copper. The Metals market should also provide intraday trading opportunities.

Joe Rios – Founder, Rios Quantitative LLC


 

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Wednesday beginning at 7:30 PM ET

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ECONOMIC DATA RELEASES THAT MAY HAVE AN IMPACT ON THE MARKETS

Monday

4:30 AM               GBP       Construction PMI

9:30 PM                AUD       Trade Balance

9:45 PM                CNY        HSBC Services PMI

 

Tuesday

12:30 AM             AUD       RBA Rate Statement

10:00 AM             USD       ISM Non-Manufacturing PMI

6:45 PM                NZD       Unemployment Rate

 

Wednesday

2:00 AM               EUR        German Factory Orders

4:30 AM               GBP       Manufacturing Production

8:30 AM               CAD       Trade Balance

8:30 AM               USD       Trade Balance

10:00 AM             GBP       NIESER GDP Estimate

10:30 AM                             Crude Oil Inventories

9:30 PM                AUD       Unemployment Rate

 

Thursday

7:00 AM               GBP       Official Bank Rate

8:30 AM               Cad        Building Permits

8:30 AM               USD       Unemployment Claims

8:30 AM               EUR        ECB Press Conference

10:00 AM             CAD       Ivey PMI

10:30 AM                             Natural Gas Storage

9:30 PM                AUD       RBA Monetary Policy Statement

 

Friday

Tentative             CNY        Trade Balance

Tentative             JPY         BOJ Press Conference

8:30 AM               CAD       Unemployment Rate

9:30 PM                CNY        CPI

 

 
 
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