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.

Live Trading Rooms and Events:

The Trading Room TradeLAB – Global Trading with Quantitative Technologies

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Monday through Friday beginning at 7:30 AM ET

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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Insider’s Quant (IQ) Room – Advanced Concepts with Joe Rios

Monday, Tuesday, and Thursday beginning at 1:30 PM ET

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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