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The Week Ahead in the Global Financial Markets

The Trading Room

From the desk of Joe Rios

The FOMC statement pushed stocks higher, sending the Dow and S&P 500 to fresh record highs. The US Dollar also closed the week higher helping to drive some commodities lower with Silver dropping -4.4% and Gold -1.2%. The correlation between the bond, commodity and US Dollar continued throughout the week. However, the US Treasury Notes and Bonds bounced from a key support level on Friday. The Grains also continued to breakdown with Wheat falling -5.6%, Soybeans -2.9% and Corn -2.1%.

In the Currency market the US Dollar confirmed overbought technical condition but nonetheless, managed to push most foreign currencies lower with the Japanese Yen dropping -1.44%, Australian Dollar -1.37% and the Euro -1.06%. The British Pound failed to trade higher following the Scottish “no” vote displaying “buy the rumor sell the news” mode. In the week ahead I will keep my focus on the bond market as a leading indicator for the Metal and Forex markets. I will also look for potential trade set ups in the non-risk asset classes, especially if the risk assets consolidate from the recent trends.


 

Live Trading Rooms and Events:  The Trading Room TradeLAB

Global Trading with Quantitative Technologies

Monday through Friday beginning at 7:30 AM ET

https://www3.gotomeeting.com/register/211885942

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.

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The Trading Room EDU – Educational Workshop  Covering the Rios Quant Trading Indicators:

Wednesday beginning at 7:30 PM ET

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Topic: Weekly Pattern Trading

Presenter: Steve Schwartz


Thursday beginning at 7:30 PM ET

https://www3.gotomeeting.com/register/234849134

The RiosQuant 90 Day Training Program – Workshop

Training Session 12 of 12 with Edward Preston


Saturday beginning at 11:00 AM ET

https://www3.gotomeeting.com/register/461277254

Topic: Momentum Trading Using RQ-Channel

Presenter: Steve Schwartz


 

Monday

9:00 AM         EUR   ECB President Draghi Speaks

10:00 AM       USD   Existing Home Sales

10:05 AM       USD   FOMC Member Dudley Speaks

9:45 PM         CNY   HSBC Flash Manufacturing PMI

 

Tuesday

3:00 AM         EUR   French Flash Manufacturing PMI

3:30 AM         EUR   German Flash Manufacturing PMI

8:30 AM         CAD   Core Retail Sales

6:45 PM         NZD    Trade Balance

 

Wednesday

4:00 AM         EUR   German Ifo Business Climate

10:00 AM       USD   New-Home Sales

10:30 AM                   Crude Oil Inventories

10:30 PM       AUD   RBA Gov. Stevens Speaks

 

Thursday

8:30 AM         USD   Durable Goods Orders And Unemployment Claims

10:30 AM                   Natural Gas Storage

Friday

8:30 AM         USD   Final GDP

9:55 AM         USD   Revised UoM Consumer Sentiment

THERE IS A SUBSTANTIAL RISK OF LOSS IN TRADING COMMODITY
FUTURES, 
OPTIONS, AND FOREIGN EXCHANGE PRODUCTS
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

 

 
 
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