Author: Joe Rios
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The Week Ahead – Focusing on the Metal and Currency Markets
The out performers during last week’s trading sessions included Natural Gas, Soybeans And Corn. The under performers were led by Silver, Gold, Wheat, and the commodity currencies such as the New Zealand and Australian dollars. In the week ahead UK will report CPI and the BOE minutes will be released. In the Euro Zone…
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The Week Ahead – Volatility Rising in the Currency Market
Currencies were in the spotlight this past week with the USD/JPY exchange rate piercing through the key psychological 100 level. Surprisingly the Japanese yen -2.27% was not the weakest currency, but the Australian dollar -2.86% and the New Zealand dollar -2.70% led the way down. The US dollar has been the out performers…
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The Week Ahead – Algorithmic and Quant Trading
Last week was very busy with economic data including FOMC meeting, ECB meeting, and the usually powerful payrolls report from the US. The risk assets outperformed with Copper rising 3.9% and the NASDAQ 100 gaining 3.8%. Wheat and Corn gained while Soybeans dropped. In FX the risk currencies gained while the Japanese…
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The Week Ahead – Event Driven Trading by Joe Rios
China’s first-quarter GDP disappointed falling short of market expectations, sending the Australian Dollar lower by -1.86%, the largest one-day decline so far this year. The two economies are closely correlated as Australia’s natural resources is exported to China in times of high demand. Crude Oil gained 5.4% and Gold rose 4.8% as the outperforming asset…
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The Week Ahead – Expecting Price Action in the Currency Markets – by Joe Rios
This past week the IMF released the World Economic Outlook report with downward revisions to global growth. The equity markets traded lower three out of the five trading sessions. Risk of volatility continues to be on the down side. US Treasury Notes and Bonds continued to test key RQ-Channel resistance levels. Natural Gas impressively broke…
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The Week Ahead – Forecasting Tools and Techniques for the Global Markets – by Joe Rios
Economic data releases for the US disappointed including employment report falling below 100 K and retail sales dropping by -0 1.4% in March. Nonetheless the equity indices managed to hold onto the weekly gains while the US 10 Year Notes finished the week flat. In the commodity markets, Natural Gas (RQ Rank +4) and…
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The Week Ahead – Event Driven Trading in the Energy Markets
The out performers this week in the commodity markets was led by natural gas rising 4.9%, gold 1.9% and silver 1.9%. US thirty year bonds led the risk-off category gaining almost 1%. In the currency markets the British pound gained 0.7% the Swiss franc 0.6% while the Japanese yen dropped 1.4%. The March US employment…
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The Week Ahead – The Basics of Trading the Grains by Joe Rios
On the last day of trade this week, Corn plunged sparking a slump in Soybeans and Wheat, after the U.S. government said domestic inventories were bigger than analysts forecast and that farmers will plant the most since 1936. As a result Corn futures tumbled by the exchanges $.40 limit, -5.4%. Soybean futures dropped -3.1% while…
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The Week Ahead – Trading with the RQ Dynamic Market Sentiment Indicator by Joe Rios
The tiny island of Cyprus dominated the headlines this past week. As the markets opened for first day of trade, risk assets gapped sharply only to retrace its losses towards the end of the week. Euro area finance ministers meet today, to decide whether the Mediterranean island has done enough for a bailout that may…
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The Week Ahead – Using RQ-Technology for Identifying Market Behavior
Price action in the financial markets this past week left many active traders with bruised egos as the markets were mostly range bound and choppy. The RQ-DMS, our dynamic market sentiment indicator identified choppy market trading conditions 4 out of 5 trading days for the week. The only day the markets were in sync, with…
