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The Week Ahead In The Global Financial Markets

The Trading Room

From the desk of Joe Rios

Last week we witnessed a wild ride for stock indices as volatility rose with US Treasuries, helping interest rate yields to tumble. Wednesday the stock indices dove lower intraday but only to rebound following comments from St. Louis Fed President Bullard suggesting the last cut in QE3 should be delayed because of continuing low inflation expectations. Stocks continued to regain losses by the end of the week as Treasuries traded lower from the highs helping the US Dollar stabilize. In the commodity space Crude Oil prices fell from a peak above 107 in June breaking down the key 80.00 level but seemed to stabilize by the end of the week.

 

week with arrows

 

In the week ahead I will continue to focus on corporate earnings and guidance. Earning season kicked off with a strong start with robust numbers being reported across the S&P 500, Dow Jones and Nasdaq. Most sectors have beaten expectations for sales and earnings. However I don’t think earnings will be enough to sustain the recovery that started on Friday. We may continue to see volatility until the next FOMC meeting on October 31st. I will also continue to pay attention to the correlations between the US 10 Year Note, S&P 500, Gold and the US Dollar.

Joe Rios
Chief Market Strategist

 

Live Trading Rooms and Events:

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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.


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Advanced Concepts with Joe Rios

MondayTuesday, and Thursday beginning at 1:30 PM ET

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Tuesday beginning at 7:30 PM ET

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Topic: Old School Trading with High Tech Indicators

RiosQuant Performance Coach Steve Schwartz


Wednesday beginning at 1:30 PM ET

https://www3.gotomeeting.com/register/822975542

Topic: Trading the e Mini’s

RiosQuant Performance Coach Steve Schwartz


Saturday beginning at 11:00 AM ET

https://www3.gotomeeting.com/register/817541502

Topic: Momentum Trading with RQChannel

Presenter: Steve Schwartz

 


 

Monday

8:30 AM               CAD       Wholesale Sales

10:00 AM             USD       FOMC Member Powell Speaks

8:30 PM                AUD       Monetary Policy Meeting Minutes

10:00 PM             CNY        GDP And Industrial Production

Tuesday

10:00 AM             USD       Existing Home Sales

8:30 PM                AUD       CPI

 

Wednesday

4:30 AM               GBP       MPC Official Bank Rate Votes

8:30 AM               USD       Core CPI

8:30 AM               CAD       Retail Sales

10:30 AM                             Crude Oil Inventories

11:15 AM             CAD       BOC Press Conference

5:00 PM                AUD       RBA Gov. Stevens Speaks

5:45 PM                NZD       CPI

9:45 PM                CNY        HSBC Flash Manufacturing PMI

 

Thursday

3:00 AM               EUR        French Flash Manufacturing PMI

3:30 AM               EUR        German Flash Manufacturing PMI

4:30 AM               GBP       Retail Sales

8:30 AM               USD       Unemployment Claims

9:45 AM               USD       Flash Manufacturing PMI

10:30 AM                             Natural Gas Storage

5:45 PM                NZD       Trade Balance

Day 1                     EUR        EU Economic Summit

 

 

Friday

4:30 AM               GBP       Preliminary GDP

10:00 AM             USD       New-Home Sales

Day 2                     EUR        EU Economic Summit

 

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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