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The Week Ahead In The Global Financial Markets

The Trading Room

Did the Oil market anticipate the conflict in Iraq?

During Sunday’s Face the Nation TV show, Bob Schieffer reported that the Iraq violence caught everybody by surprise.  But last week’s price action and correlation in a couple of markets would make you think a few anticipated it. Crude Oil futures had a strong rally into the close on the first day of trade, Monday the 9th. Gold futures price action also showed a strong move last week.  Since mid-March Gold and Crude Oil were trading in opposite direction until last week where the correlations turned positive,  both markets ending the week strong. You can see it clearly on the chart below.

gold crude 6-15

Last week we saw the independent asset classes such as Natural Gas and the Grains provide us with trading opportunities.  In the week ahead I will be applying the same techniques to the risk asset classes. I am also expecting the market’s price action to be news driven. We also have an active economic calendar including FOMC rate decision and communication which can also trigger volatility. It would be prudent to follow your game plan for the upcoming trading sessions. Be careful not to chase trades, instead keep your focus on trade setups ahead of time with “eyes ahead” using the forward looking techniques we used in the grains market to identify ideal trading opportunities.

Keep listening to the market’s message and trade accordingly.

Joe Rios
Chief Market Strategist
www.riosquant.com

Live Rooms and Events

Please take note of this week’s schedule at a glance including key economic reports that might have an impact on the markets. Live trading rooms and educational events are also listed with the appropriate links for gaining access. While some of the events are free, others are for members only. Let us know if you have an interest and we will provide you with all the pertinent information.

Contact Information for your Support Needs: 
Amber Little, RQ Client Relations Manager
email: amber@riosquant.com
skype: alittlemobile
cellphone: 415.336.7272

Live Trading Rooms and Events:

 

The Trading Room TradeLAB

https://www3.gotomeeting.com/register/169828118

Global Trading with Quantitative Technologies

Monday through Friday beginning at 7:30 AM ET

RQ trade coaches include Edward Preston, Steve Schwartz and Joe Rios. Live demonstration of our pre-market quantitative analysis, real-time trading signals with RQ algorithmic technology, strategy performance review and Q&A session.

 

Insider’s Quant (IQ) Room – Advanced Concepts with Joe Rios

Wednesday and Thursday beginning at 1:30 pm ET

Subscription Only!

_______________________________________________

 

The Trading Room EDU – Educational Workshop 

Covering the Rios Quant Trading Indicators:

 

Tuesday beginning at 1:00 PM ET

https://www3.gotomeeting.com/register/621440286

Topic: Momentum Trade E-Mini Stock Futures

with GnosTick Indicator

Presenter: Steve Schwartz

 

Wednesday beginning at 7:30 PM ET

https://www3.gotomeeting.com/register/731915334

The RiosQuant 90 Day Training Program – Workshop

Training Session 11 of 12 with Edward Preston

Topic: Customized Trade Execution

 

Thursday beginning at 4:30 PM ET

https://www3.gotomeeting.com/register/657577758

Topic: Pattern Trading with GnosLevels

Presenter: Steve Schwartz

 

Saturday beginning at 11:00 AM ET

https://www3.gotomeeting.com/register/684484006

Topic: Follow the RiosQuant 3 Step Sequence

Presenter: Steve Schwartz

 

Monday

8:30 AM               USD       Empire State Manufacturing Index

9:15 AM               USD       Industrial Production And Capacity Utilization Rate

9:30 PM                AUD       Monetary Policy Meeting Minutes

 

Tuesday

4:30 AM               GBP       CPI And PPI

5:00 AM               EUR        German ZEW  Economic Sentiment

8:30 AM               USD       Building Permits And Core CPI

 

Wednesday

4:30 AM               GBP       M PC     Asset Purchase Facility Votes

10:30 AM             Crude Oil Inventories

2:00 PM                USD       FOMC Statement

2:30 PM                USD       FOMC Press Conference

6:45 PM                NZD       GDP

 

Thursday

3:30 AM               CHF        Libor  Rate And SNB Press Conference

4:30 AM               GBP       Retail Sales

8:30 AM               USD       Unemployment Claims

10:00 AM             USD       Philly Fed Manufacturing Index

10:30 AM             Natural Gas Storage

 

Friday

2:35 AM               JPY         BOJ Gov Kuroda Speaks

8:30 AM               CAD       Retail Sales And Core CPI

 

 
 
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