Global stocks rebounded led by the Euro Stoxx 3.34%, DAX 3.24%, Nikkei 2.88% and the Nasdaq 2.56% all rising for the week. Other risk assets also finished the week stronger with Crude oil pushing 6.12% higher and Copper gaining 3.06%. Commodity currencies also benefited, helping the Canadian 2.92% and the Australian dollars 2.18% in the positive. The lower interest rate currencies, specifically the Euro -1.06% and Japanese yen -1.47% finished weaker. ECB President Mario Draghi made some dovish comments during last week’s press conference suggesting that the ECB may adopt a more aggressive easing stance in the near future.
The economic calendar is a bit light in the upcoming week, featuring the FOMC rate decision and statementon Wednesday. Traders will also be focusing on earnings data, with Apple, Amazon and Facebook reporting. Potential risk of further volatility in the global financial markets remains, therefore I will be looking for key breakpoints in the markets for momentum trade set-ups.
Join us this week and experience the power of market intelligence. We will be show casing the new and improved Einstein III automated trading system.
Live Trading Rooms and Events
Ken Eriksen, RQ Client Relations Manager
The Trading Room® TradeLAB – Global Trading with Quantitative Technologies
Join our trading community with RiosQuant founder and trade coach 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…
Click on the following link and register as a guest.
It’s really that simple!
4:00 AM EUR German Business Climate
1:00 PM EUR ECB President Draghi Speaks
5:45 AM GBP BOE Gov. Carney Speaks
10:00 AM USD Consumer Confidence
7:30 PM AUD CPI
9:00 AM USD New Home Sales
10:30 AM CL Crude Oil Inventories
2:00 PM USD Federal Funds Rate
2:00 PM USD FOMC Statement
3:00 PM NZD RBNZ Rate Statement
4:30 AM GBP GDP
8:30 AM USD Unemployment Claims
8:30 Am USD Durable Goods Orders
12:00 AM JPY BOJ Outlook Report
Tentative JPY BOJ Press Conference
5:00 AM EUR CPI Flash Estimate
8:30 AM CAD GDP
8:30 AM USD GDP
FUTURES, OPTIONS, AND FOREIGN EXCHANGE PRODUCTS