From the desk of Joe Rios
Last week the Bond market dominated trader’s focus as the World Bank cut its forecast for global growth, US retail sales fell the sharpest in a year and Switzerland’s central bank announced the ending of the exchange-rate cap, helping drive US Treasuries higher and interest rate yields lower.
The US Dollar traded higher with the US Treasuries while the S&P 500 traded lower, correlations that have been evident since the beginning of trading in 2015. The recent market sentiment has created choppy trading environment for most markets. We have less scheduled economic data in the holiday-shortened trading week. None the less, we do have the long awaited ECB announcement regarding QE plans and other central bank rate and policy statements. Corporate earnings season is at full throttle and stock traders will be paying close attention. I continue to point out to be cautious and exercise patience for ideal trade set ups, especially in the week ahead.
Live Trading Rooms and Educational Events
The Trading Room TradeLAB
Monday through Friday
RQ trade coaches include Agustin Criado 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 – Training with Joe Rios
9:00 PM CNY GDP
5:00 AM EUR German ZEW Economic Sentiment
8:30 AM CAD Manufacturing Sales
4:45 PM NZD CPI
tentative JPY Monetary Policy Statement
tentative JPY BOJ Press Conference
4:30 AM GBP Claimant Count ChangeAnd Official Bank Rate Votes
8:30 AM USD Building Permits
8:30 AM CAD Wholesale Sales
10:00 AM CAD BOC Rate Statement And Monetary Policy Report
11:15 AM CAD BOC Press Conference
7:45 AM EUR Minimum Bid Rate
8:30 AM EUR ECB Press Conference
8:30 AM USD Unemployment Claims
10:30 AM Natural Gas Storage
11:00 Am Crude Oil Inventories
8:45 PM CNY HSBC Flash Manufacturing PMI
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 CAD Retail Sales
THERE IS A SUBSTANTIAL RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE PRODUCTS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.