Volatility continued to pick up during the week helped by geopolitical and growing military tensions in Ukraine, Gaza and Iraq. Considering all the negative news hitting the tape, the stock indices have held up fairly well. Even though the percentage change for the week was small, the intraday swings were welcomed by daytraders. Nonetheless risk-off flows continued for most of the week. In the week ahead I will continue to focus on the currency market for trading opportunities as well as a leading indicator for other risk assets. The US dollar led the way in risk-off flows with the EUR/USD setting a new nine-month low on Wednesday before bouncing and consolidating. Traders will start the new week with a big question of where the US dollar moves from here. Will the US dollar continue to consolidate in the week ahead? Or continue the prior trend or is this the week for a reversal?
Joe Rios
Chief Market Strategist
www.riosquant.com
Live Rooms and Events
The Trading Room TradeLAB
Global Trading with Quantitative Technologies
Monday through Friday beginning at 7:30 AM ET
https://www3.gotomeeting.com/register/794826990
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.
Insider’s Quant (IQ) Room
Advanced Concepts with Joe Rios
Monday and Wednesday beginning at 1:30 PM ET
SUBSCRIPTION ONLY
_______________________________________________
The Trading Room EDU – Educational Workshop
Covering the Rios Quant Trading Indicators:
Tuesday beginning at 7:30 PM ET
Topic: RQ-EDU Patterns with Gnostick
Presenter: Steve Schwartz
https://www3.gotomeeting.com/register/761133870
Wednesday beginning at 7:30 PM ET
The RiosQuant 90 Day Training Program – Workshop
Training Session 6 of 12 with Edward Preston
Topic: RQ-Channel
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Thursday beginning at 2:00 PM ET
Topic: Trading Stock Index Futures with Quant Indicators
Presenter: Steve Schwartz
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Saturday beginning at 11:00 AM ET
Topic: Identifying Support and Resistance With GnosLEVELS
Presenter: Steve Schwartz
Monday
9:30 PM AUD NAB Business Confidence
Tuesday
5:00 AM EUR German ZEW Economic Sentiment
Wednesday
4:30 AM GBP Unemployment Rate
5:30 AM GBP BOE Gov. Carney Speaks
8:30 AM USD Core Retail Sales
9:05 AM USD FOMC Member Dudley Speaks
10:30 AM Crude Oil Inventories
6:45 PM NZD Retail Sales
Thursday
2:00 AM EUR German Preliminary GDP
8:30 AM USD Unemployment Claims
10:30 AM Natural Gas Storage
Friday
4:30 AM GBP Second Estimate GDP
8:30 AM USD PPI
8:30 AM CAD Manufacturing Sales
