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The Week Ahead – by Joe Rios

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The Equity Markets broke out last week to new highs after a consolidation period that began a few weeks ago. In the week ahead be watchful of a potential stall as price action is near overbought technical conditions.

The US Ten Year Note continued to consolidate with the yield finishing the week at 2.71%, which is 128 bps above its 1.43% all-time closing low on July 25th of last year but 13 bps below its interim closing high on September 5th.

The US Dollar also continued to consolidate with a close correlation to the US Ten Year Note yield. This week should be important for the Euro currency as we get the first reading of November PMI surveys. The growth outlook in Europe remains divided, making price action sensitive to upcoming economic data releases.

Also in the week ahead  the Fed will release minutes from the October 29-30 Federal Open Market Committee meeting. The minutes should provide the markets with additional insight into the Fed’s policy decision as well as the outlook for future policy. Traders and investors alike will be focused on the potential of tapering of quantitative easing.

 

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Monday

1:30 PM          IQ Room – Advance Concepts With Joe Rios – The Week Ahead Review

7:30 PM          AUD    Monetary Policy Meeting Minutes

Tuesday

5:00 AM          EUR    German ZEW Economic Sentiment

8:45 AM          USD    Treasury Sec Lew Speaks

10:00 AM        USD    FOMC Member Dudley Speaks

2:15 PM          USD    FOMC Member Evans Speaks

7:00 PM          USD Fed Chairman Bernanke Speaks

Wednesday

4:30 AM          GBP    M PC Official Bank Rate Votes

8:00 AM          The Trading Room ABC – Live Trading Dedicated To Automated Box Control Trading

8:30 AM          USD    Core CPI

8:30 AM          USD    Retail Sales

10:00 AM        USD    Existing Home Sales

10:30 AM                    Crude Oil Inventories

1:30 PM          IQ ROOM – Advance Concepts With Joe Rios – RQ Wizard Worksheet

2:00 PM          USD    FOMC Meeting Minutes

4:15 PM          CAD    BOC Gov. POLOZ Speaks

8:30 PM          Mid Month Review With Strategist Joe Rios And Global Trader Edward Preston

8:45 PM          CNY    HSBC Flash Manufacturing PMI

Tentative         JPY     BOJ Press Conference

Thursday

3:00 AM          EUR    French Flash Manufacturing PMI

3:30 AM          EUR    German Flash Manufacturing PMI

4:05 AM          AUD    RBA Gov. Stevens Speaks

8:30 AM          USD    PPI

8:30 AM          USD    Unemployment Claims

10:00 AM        USD    Philly Fed Manufacturing Index

10:30 AM        Natural Gas Storage

1:00 PM          USD    FOMC Member BULLARD Speaks

1:30 PM          IQ Room – Advance Concepts With Joe Rios – Strategy Development And Testing

Friday

4:00 AM          EUR    German Ifo Business Climate

8:30 AM          CAD    Core PPI

8:30 AM          CAD    Core Retail Sales

8:40 AM          USD    FOMC Member George Speaks

 
 
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