Some volatility found its way back in the financial markets with Copper advancing 4.2% while Wheat dropped -4.6%. In the Currency markets the Aussie Dollar gained 3.3% after weeks of sliding. The equity indices started to show signs of exhaustion with the Nikkei falling -5.4% and the DJIA -1.4%. In the week ahead, Atlanta Fed President Lockhart is schedule to speak on the economy on Tuesday. Later in the week, St. Louis Fed President and FOMC voter, James Bullard, will speak on the economy and monetary policy. I expect traders will be keeping a close watch to see if the improving economic outlook and tapering will be mentioned, potentially triggering aggressive price action.
This Week’s Out-performers
Click on the link below to watch Trader’s Interview with Joe Rios – Multi Asset Trader