From the desk of Joe Rios
The US Dollar rose 1.2% closing the week stronger after the ECB cut both its main and deposit interest rates, in addition to moving forward with its plan to buy Asset-Backed Securities next month. Rotation flows saw an exit from the bond market with the US 30 Year Bond dropping -2.5% by the end of the week. In the Forex market the commodity currencies including the Canadian and Australian dollars decoupled from the rest of the foreign currencies to finish the week stronger. In the commodity market Natural Gas -6.3% and Wheat -5.0% provided trading opportunities to the short side. In the week ahead we have a light economic calendar but expect big corporate stories including Apple iPhone , other new products and the Chinese online retailer Alibaba, the biggest IPO ever should reign the headlines. I will be focusing on the currency market for potential insights as well as economic data from China. Will Copper react with the commodity currencies? Will they continue to trade higher? Will the commodities follow? Will the bond market continue to trade lower propelling the US Dollar higher?
Joe Rios
Chief Market Strategist
www.riosquant.com
Live Trading Rooms and Events:
The Trading Room TradeLAB – Global Trading with Quantitative Technologies
https://www3.gotomeeting.com/register/706688974
Monday through Friday beginning at 7:30 AM ET
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.
The Trading Room EDU Educational Workshops – Covering the Rios Quant Trading Indicators:
Tuesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/148121390
Topic: Momentum Trading with RQ-Einstein
Presenter: Steve Schwartz
Wednesday beginning at 1:00 PM ET
https://www3.gotomeeting.com/register/160794366
Topic: Follow the Money Trail
Presenter: Steve Schwartz
Wednesday beginning at 7:30 PM ET
https://www3.gotomeeting.com/register/177329630
The RiosQuant 90 Day Training Program – Workshop
Training Session 10 of 12 with Edward Preston
Topic: Qualify by Quantifying
Saturday beginning at 11:00 AM ET
https://www3.gotomeeting.com/register/204215702
Topic: RiosQuant Basics
Presenter: Steve Schwartz
Scheduled economic data that may have an impact on the markets:
Monday
Tentative CNY Trade Balance
8:30 AM CAD Building Permits
8:45 AM USD Treasury Secretary Lew Speaks
9:30 PM AUD NAB Business Confidence
Tuesday
4:30 AM GBP Manufacturing Production
10:00 AM USD JOLTS Job Openings
Wednesday
9:45 AM GBP Inflation Report Hearings
10:30 AM Crude Oil Inventories
5:00 PM NZD RBNZ Rate Statement And Press Conference
9:30 PM AUD Unemployment Rate
9:30 PM CNY CPI
Thursday
8:30 AM USD Unemployment Claims
10:30 AM Natural Gas Storage
Friday
2:05 AM JPY BOJ Gov. Kuroda Speaks
8:30 AM USD Retail Sales
9:55 AM USD Preliminary UoM Consumer Sentiment
