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The Week Ahead in the Global Financial Markets

The Trading Room

From the desk of Joe Rios

Volatility remained relatively low for most of last week with the exception of Friday following comments from ECB President  Mario Draghi. The S&P 500 rallied closing the week 1.2% higher while the Japanese yen finished lower -1.4% as carry trades initiated additional positions. The US Treasury 10 Year Note finished the week unchanged 0.0%. The benchmarks traded mostly mixed and in conflict lacking conviction of either risk on or risk off market sentiment. As a result the benchmarks traded mostly range bound making it challenging for momentum traders. Natural gas continued to take center stage rising 9.2%. Take special note of the wider than usual trading range for Natural Gas futures, therefore make sure to adjust your stop-loss and profit target accordingly.   In the week ahead we have plenty of economic data packed into a holiday shorten trading week. I will pay special attention to crude oil price action leading to Friday’s OPEC meeting. Be alert for trading opportunities as volatility may rise on a low volume trading environment.

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The Trading Room EDU – Educational Workshop
Covering the RiosQuant Trading Indicators:
Wednesday beginning at 7:30 PM ET
Topic: The Next Big Swing
Presenter: Steve Schwartz
Saturday beginning at 11:00 AM ET
Topic: RiosQuant Basic – Presenter: Steve Schwartz

 

Monday

4:00 AM               EUR        German Ifo Business Climate

8:00 PM                JPY         BOJ Gov. Kuroda Speaks

 

Tuesday

5:00 AM               GBP       Inflation Report Hearings

8:30 AM               CAD       Core Retail Sales

8:30 AM               USD       Preliminary GDP

10:00 AM             USD       CB Consumer Confidence

 

Wednesday

4:30 AM               GBP       Second Estimate GDP

8:30 AM               USD       Unemployment Claims and Durable Goods Orders

9:45 AM               USD       Chicago PMI

10:00 AM             USD       New-Home Sales

10:30 AM                             Crude Oil Inventories

12:00 PM                             Natural Gas Storage

 

Thursday

US Holiday

All Day                                 OPEC meetings

7:00 PM                NZD       ANZ Business Confidence

 

Friday

5:00 AM               EUR        CPI Flash Estimate

8:30 AM               CAD       GDP

 
 
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