From the desk of Joe Rios
The Currency market paid attention to Germany’s negative yield for the 5 and 7 year bonds and the record low yield for the 10 year, sending the Euro lower and helping to push the US Dollar higher. Yields from most of the other Eurozone members are also at record lows. It appears to be driven by the expectation of the ECB’s sovereign bond purchase program. For more details on the purchase program click on the following link: http://www.ecb.europa.eu/press/pr/date/2015/html/pr150122_1.en.html
Last Tuesday we highlighted the currency market with a special training titled EURO-MANIA How The Forex Market Really Work along with the launch of our new FX Flows indicator. Looking back our timing was spot on as the new indicator identified FX Flows early Thursday morning, just in time for the steep drop in foreign currencies, led by the Euro. In the week ahead I will continue to focus on the correlations between the currency and bond market for trading opportunities. I will be using our suite of dynamic sentiment indicators including Risk On/Off, Carry Trade On/Off and the FX Flows to help me identify when the big players are taking direction. I am also expecting trading opportunities in other markets, especially the ones that are exhibiting box-range pattern formation. While Crude Oil continues to consolidate inside the box, Copper is in the early stages of establishing a new one.
Don’t miss this week’s EDU workshop, Inside the Numbers: What’s working NOW. Register early, the last few workshops reached maximum attendance capacity and some were denied access, register here.
Joe Rios
Live Trading Rooms and Events:
The Trading Room® TradeLAB – Global Trading with Quantitative Technologies
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.
Monday thru Friday – Beginning at 7:30 am and ending at 10:30 am ET
RQ EDU Workshop Training – Inside the Numbers: What’s Working NOW
Tuesday – Starting at 8:00 pm and ending at 9:00 pm ET.
You will learn how Quant Traders gather data in order to reveal important insights to enhance their trading performance. You will get a full and detailed analysis of our trades so far in 2015. Which markets made money and which ones lost! We will share winning trades and losing trades, maximum draw down, plus information that will shed light to what’s working in the current market environment. The objective is to help you better understand how the markets work so you can trade with greater confidence. Only 100 spots open (and they won’t last long) join usTuesday @ 8:00 pm ET. We highly recommend you make sure you’re on the reservation list by signing up here:
Workshop Class – How the Forex Market Really Work WednesdayStarting at 11:00 am ET – Prepaid event – for more information please contact Ken Eriksen at ken@riosquant.com.
The Insider’s Quant (I.Q.) Room – Advanced concepts with Joe Rios
Training begins at 11:00 AM and ends at 12:30 AM ET.
* Monday – What’s Next in The Week Ahead
Forecasting, Planning and Developing Themes
*Wednesday – How the Forex Market Really Works
* Friday – Insider’s Round Table
What’s Hot and What’s Working Now, Week’s Review and Insider’s Discussion Meetup
Subscription Only – Request a free trial here.
Monday
4:30 AM GBP Manufacturing PMI
5:00 AM EUR CPI Flash Estimate
10:00 AM USD ISM Manufacturing PMI
7:30 PM AUD Building Approvals
10:30 PM AUD Cash Rate and RBA Rate Statement
Tuesday
3:00 AM EUR Spanish Unemployment Change
4:30 AM GBP Construction PMI
5:00 AM GBP BOE Gov Carney Speaks
8:30 AM CAD GDP
Tentative NZD GDT Price Index
7:30 PM AUD GDP
8:15 PM USD Fed Chair Yellen Speaks
Wednesday
4:30 AM GBP Services PMI
8:15 AM USD ADP Non-Farm Employment Change
10:00 AM CAD BOC Rate Statement and Overnight Rate
USD ISM Non-Manufacturing PMI
7:30 PM AUD Retail Sales and Trade Balance
Thursday
7:00 AM GBP Official Bank Rate
Tentative GBP MPC Rate Statement
7:45 AM EUR Minimum Bid Rate
8:30 AM EUR ECB Press Conference
USD Unemployment Claims
10:00 AM CAD Ivey PMI
Friday
8:30 AM CAD Building Permits and Trade Balance
USD Non-Farm Employment Change
USD Trade Balance
USD Unemployment Rate
