From the desk of Joe Rios
The US dollar continued to climb higher but settled in consolidation mode towards the end of the week. In similar fashion Natural Gas and the Grains finished the week consolidating from previous downward trends. The stock indices broke down from support levels identified by the RQ-Channel #2. The US Treasury 10 Year Note closed the week flat while the Metals finished the week little changed. The recent volatility was welcomed by most momentum style traders. Trade opportunities were seen for intraday trading styles for both the London and US trading sessions. Last week’s price action ended like a cliffhanger, therefore I am looking forward to the week ahead in the financial markets. Which market will be in the forefront of volatility? Will the US dollar continue the uptrend or begin to consolidate? Or will profit-taking trigger a reversal? In the week ahead I will continue to focus on the stock indices and the correlations with the risk assets including Crude Oil and Copper. The Metals market should also provide intraday trading opportunities.
Joe Rios – Founder, Rios Quantitative LLC
Live Trading Rooms and Educational Events
The Trading Room TradeLAB
https://www3.gotomeeting.com/
Global Trading with Quantitative Technologies
Monday through Friday
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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Wednesday beginning at 7:30 PM ET
The RiosQuant 90 Day Training Program – Workshop
Training Session 5 of 12 with Steve Schwartz
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Saturday beginning at 11:00 AM ET
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Topic: RiosQuant Basics
Presenter: Steve Schwartz
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The Trading Room OptionsLine with JC and KME (Tue Only at 3pm ET)
ECONOMIC DATA RELEASES THAT MAY HAVE AN IMPACT ON THE MARKETS
Monday
4:30 AM GBP Construction PMI
9:30 PM AUD Trade Balance
9:45 PM CNY HSBC Services PMI
Tuesday
12:30 AM AUD RBA Rate Statement
10:00 AM USD ISM Non-Manufacturing PMI
6:45 PM NZD Unemployment Rate
Wednesday
2:00 AM EUR German Factory Orders
4:30 AM GBP Manufacturing Production
8:30 AM CAD Trade Balance
8:30 AM USD Trade Balance
10:00 AM GBP NIESER GDP Estimate
10:30 AM Crude Oil Inventories
9:30 PM AUD Unemployment Rate
Thursday
7:00 AM GBP Official Bank Rate
8:30 AM Cad Building Permits
8:30 AM USD Unemployment Claims
8:30 AM EUR ECB Press Conference
10:00 AM CAD Ivey PMI
10:30 AM Natural Gas Storage
9:30 PM AUD RBA Monetary Policy Statement
Friday
Tentative CNY Trade Balance
Tentative JPY BOJ Press Conference
8:30 AM CAD Unemployment Rate
9:30 PM CNY CPI
