PROVEN RESULTS

After a strong sell off due to concerns over the global outlook, US stocks climbed slightly. Gains were seen after earnings season started with positive results.

Asian markets climbed across the region, while European markets are lower today as traders still digest weak data from Germany increasing fears that the euro zone could be reaching a recession.

Oil is still falling and has now reached its lowest price since 2012. Losses were caused after the IEA cut their forecast for global oil demand to a 5 year low.

Gold has started to decline once again. The stock market rebounded slightly and so the metals safe haven appeal is wearing off. The Dollar also made gains and Gold tends to trade inversely to the American currency.

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What is it? Draghi is due to speak at the grand opening of the European Cultural Days 2014 organized by the European Central Bank, in Frankfurt.

As head of the ECB, which controls short term interest rates, he has more influence over the euro's value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.

When? October 15th at 2:00pm Eastern Time.

Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.

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What is it? It check the in the average price of dairy products sold at auction.

It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

Usual Effect: If the number is higher than the forecast, you can expect the NZD to rise.

When? October 15^th.

Trading Tip: This announcement can greatly affect the NZD, make sure to make your trades before.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 1) Pharmaceutical Deal

Shares in the UK pharmaceutical giant Shire (SHPG) dropped like a rock this morning -- down by as much as 29% -- following indications that US drugmaker AbbVie (ABBV) may ditch its $55 billion takeover of the company.

AbbVie said Tuesday that its board of directors is taking another look at the deal after the Obama Administration introduced measures last month to make it harder for American companies to reduce their tax bills by merging with foreign firms and moving abroad.

2) Ready for Earnings

: Investors are preparing for a swing of big earnings announcements Wednesday.

Bank of America (BAC) and BlackRock (BLK) will report quarterly results before the opening bell. American Express (AXP), eBay (EBAY, Tech30) and Netflix (NFLX, Tech30) will report after the close.

Markets are also ready to react to Intel (INTC, Tech30) earnings. Shares are rising by about 1.5% premarket after the company reported a 12% jump in quarterly income compared to last year.

3) Softening Markets

US stock futures were relatively calm, with the indexes not straying far from Tuesday's closing levels.

US stocks posted mixed results over the previous session. The Dow Jones industrial average slid slightly into the red, losing about 6 points. But the S&P 500 rose 0.2% and the Nasdaq ended the day 0.3% higher.

Markets seem to be mellowing out after taking a sharp dive between Thursday and Monday.

On the other side of the pond, European markets were lower. Asian markets mostly closed with gains.

4) Economic Agenda

The US Census Bureau will report monthly retail sales at 8:30am Eastern Time.

At 2:00pm, the Federal Reserve will release its Beige Book, which is a compilation of anecdotal information about the state of the US economy.

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