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The Week Ahead in the Global Financial Markets

The commodity sell-off dominated most of July with crude oil leading the way down -21.79% followed by wheat -19.08, corn -11.91%, copper -9.98%, soybeans -8.24%, gold -6.61% and silver -5.27%. As expected, the commodity currencies led the foreign currencies lower with the Australian dollar losing -5.17%, Canadian dollar -4.49% and the New Zealand dollar -2.47%. The Nasdaq finished the month outperforming the stock indices by gaining 4.4% while the S&P 500 finished 2.18% higher. In the fixed income market the US 30 yr bond finished stronger 3.73% and the US 10 yr note finished 1.14% higher. What is the market’s message? A glut of oil, weak demand for copper, lack of gold bulls, while US treasury bonds strengthen sending interest rate yields lower. Deflation fears?

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In the week ahead I will continue to pay close attention to scheduled economic data releases. Recent price action in the financial markets has been suggesting trader’s sensitivity to economic data, creating trading opportunities. I will also focus on correlations between commodities, bonds and the US dollar. Will the commodities continue to weaken? Will we see a double bottom in crude oil? Will the US 30 year bond have bullish follow through from Friday’s price activity? Will China’s stock market behavior have an impact on other markets? The upcoming week is shaping up to be an exciting trading environment with the potential of volatility coming back to the global markets.

Join us this week in our LIVE trading room and watch how we use intermarket relationships and economic data releases to uncover trading opportunities. ​
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Joe Rios – Founder, Rios Quantitative LLC​​

The Trading Room TradeLAB – Global Trading with Quantitative Technologies

Monday through Friday beginning at 8:00 AM ET

RQ trade coaches include Agustin Criado 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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The Insider’s Quant (I.Q.) Room

Monday – 12:30 pm to 1:45 pm ET
What’s Next in The Week Ahead Forecasting, Planning and Developing
Themes

Wednesday –  12:30 pm to 1:45 pm ET

What’s Next in The Week Ahead / Strategies for Success

Friday –  12:30 pm to 1:45 pm ET

Insiders Round Table Meetup

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MONDAY

Economic Data Release – Market Movers

4:30 AM          GBP    Manufacturing PMI

8:30 AM          USD    Personal Spending

10:00 AM        USD    ISM Manufacturing PMI

10:50 AM        USD    FOMC Member Powell Speaks

9:30 PM          AUD    Retail Sales And Trade Balance

TUESDAY

Economic Data Release – Market Movers
12:30 AM        AUD    RBA Rate Statement

4:30 AM          GBP    Construction PMI

6:45 PM          NZD    Unemployment Rate

9:45 PM          CNY    Services PMI

WEDNESDAY

Economic Data Release – Market Movers
4:30 AM          GBP    Services PMI

8:15 AM          USD    ADP Nonfarm Employment Change

8:30 AM          USD    Trade Balance

8:30 AM          CAD    Trade Balance

10:00 AM        USD    ISM Nonmanufacturing PMI

10:30 AM        CL       Crude Oil Inventories

THURSDAY

Economic Data Release – Market Movers

4:30 AM          GBP    Manufacturing Production

7:00 AM          GBP    Official Bank Rate

7:45 AM          GBP    Gov. Carney Speaks

8:30 AM          USD    Unemployment Claims

10:30 AM        NG      Natural Gas Storage

9:30 PM          AUD    RBA Monetary Policy Statement

Tentative         JPY     Monetary Policy Statement

FRIDAY

Economic Data Release – Market Movers
Tentative         JPY     BOJ Press Conference

8:30 AM          USD    Nonfarm Employment Change

8:30 AM          CAD    Building Permits

10:00 AM        CAD    Ivey PMI