Last week featured mixed economic data with the spotlight on falling commodity prices and corporate earnings.  US Treasury 30 year bonds finished the week 1.73% higher followed by the euro 1.23%. Commodities fell across the board led by Wheat -7.54%, Corn -6.72%, Crude Oil -6.33%, Copper -4.25%, Soybeans -3.49%, Natural Gas -3.28% and Gold -2.95%. Stock indices also finished weaker, giving up most of the gains that started from the post-Greece relieve rally on the 21st of July. Corporate earnings produced both big winners and losers. Some of the popular momentum stocks outperformed while stocks sensitive to commodities and the US dollar fell short of expectations. In the week ahead I will pay special attention to scheduled economic data including FOMC statement, Initial Jobless Claims, Michigan Sentiment and Consumer Confidence. Corporate earnings will remain in the spotlight as well as the next move of the US dollar. I will continue to focus on the market’s technicals, they should provide day trading opportunities.

A special note, due to recent price action in the markets, we are opening our live trading room at 8:00 am ET and will extend the closing.

Join us this week in our LIVE trading room and watch how we use intermarket relationships and economic data releases to uncover trading opportunities.

– Joe Rios

Rios Quantitative LLC

The Trading Room® TradeLAB – Global Trading with Quantitative Technologies

Join our trading community with RiosQuant trade coaches Agustin Criado and Joe Rios as well as the RQ members. Live demonstration of our pre-market quantitative analysis, real-time trading signals with RQ algorithmic technology, strategy performance review and Q&A session.

Monday thru Friday – From 8:00 am to 11:00 am ET

ATTENTION MEMBERS – To access The Trading Room® TradeLAB please log-in on the riosquant.com site and click on the link under The Trading Room. If you are already logged in, then click on the “My Account” found on the upper right hand corner of the first page.

ATTENTION GUESTS – Here is how to get started with a two week free trial…

Step 1: Click on the following link and register as a guest.

Step 2: You’ll instantly have access to our live trading room, videos, user guides and quantitative rankings covering multiple

asset classes including the financials, metals, energies, grains and forex.

Step 3: To access The Trading Room® TradeLAB simply click on the gotowebinar link under The Trading Room. Once you register on the gotowebinar link you will receive daily access links directly from gotowebinar. Please note that you will need to repeat this step on the following Monday for the following week’s access link. Live trading begins Monday thru Friday from 8:00 am to 11:00 am ET.

Monday

4:00 AM            EUR     German Ifo Business Climate

8:30 AM            USD     Core Durable Goods Orders

Tuesday

4:30 AM            GBP     Preliminary GDP

10:00 AM          USD     CB Consumer Confidence

Wednesday

10:00 AM          USD     Pending Home Sales

10:30 AM          CL        Crude Oil Inventories

2:00 PM            USD     FOMC Statement

8:30 PM            AUD     RBA Gov. Stevens Speaks

9:30 PM            AUD     Building Approvals

Thursday

8:30 AM            USD     Advance GDP

8:30 AM            USD     Unemployment Claims

10:30 AM          NG       Natural Gas Storage

9:00 PM            NZD     ANZ Business Confidence

9:30 PM            AUD     PPI

Friday

8:30 AM            CAD     GDP

9:45 AM            USD     Chicago PMI

10:00 AM          USD     Revised UoM Consumer Sentiment

9:00 PM            CNY     Manufacturing PMI