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The Week Ahead in the Global Financial Markets

The Trading Room

From the desk of Joe Rios

The stock market recovery continued all the way to the close on Friday led by the Nasdaq rising 6.2% and S&P 500 4.2%. Correlations continued to work with the US Dollar gaining 0.7% while the US 10 Yr Note dropped -0.3%.  In the commodity markets Crude Oil consolidated in a trading range after breaking the key psychological level of 80.  Grains provided bullish trading opportunities led by Soybeans rising 2.5% and Corn 1.4%. Natural Gas continued to weaken closing the week down -3.6%.  In the currency markets the Australian and Canadian dollars were the only major foreign currencies that held on to some of their recent gains. The Japanese yen was the weakest as the stock indices traded higher and carry trades were initiated. The other major currencies consolidated along with the US Dollar. In the week ahead my focus will shift from corporate earnings to the upcoming FOMC statement.  I will pay special attention to economic data releases pre and post Wednesday’s FOMC statement.

road to success

Join our team of performance coaches and members during this week’s live trading room and educational workshops. Learn essential market dynamics that may provide you with the key to successful trading. Find out what’s hot and what’s not in the current trading environment.

Joe Rios

Chief Market Strategist – Rios Quantitative LLC

 


 

Live Trading Rooms and Events:The Trading Room TradeLAB

Global Trading with Quantitative Technologies

https://www3.gotomeeting.com/register/267334046

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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Insider’s Quant (IQ) Room

Advanced Concepts with Joe Rios

MondayTuesday, and Thursday beginning at 1:30 PM ET

SUBSCRIPTION ONLY

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The Trading Room EDU – Educational Workshop 

Covering the RiosQuant Trading Indicators:

Wednesday beginning at 7:30 PM ET

https://www3.gotomeeting.com/register/378216422

RiosQuant Trading Program

Topic: Identifying Swing Trades

RiosQuant Performance Coach Steve Schwartz

 

Saturday beginning at 11:00 AM ET

https://www3.gotomeeting.com/register/384673142

Topic: Uncovering the mystery of GnosTICK

RiosQuant Performance Coach Steve Schwartz


 

Scheduled economic data that may have an impact on the markets:

Monday

5:00 Am                EUR        German Ifo Business Climate

10:00 Am             USD       Pending Home Sales

Tuesday

8:30 Am                USD       Core Durable Goods Orders

10:00 Am             USD       CB Consumer Confidence

8:00 Pm                NZD       ANZ Business Confidence

 

Wednesday

10:30 Am                             Crude Oil Inventories

2:00 Pm                USD       FOMC Statement

4:00 Pm                NZD       RBNZ Rate Statement

4:15 Pm                CAD       BOC Gov. Poloz Speaks

 

Thursday

8:30 Am                USD       Advance GDP And Unemployment Claims

9:00 Am                USD       Fed Chair Yellen Speaks

10:30 Am                             Natural Gas Storage

8:30 Pm                AUD       PPI

Tentative             JPY         Monetary Policy Statement

 

Friday

Tentative             JPY         BOJ Press Conference

6:00 Am                EUR        CPI Flash Estimate

8:30 Am                CAD       GDP

9:45 Am                USD       Chicago PMI

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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