TOOLS TRADES

Oct

01/10/2014 - October Daily Review

: Donald Herison; 01 October 2014; Hits: 1694

The US stocks closed lower today as a result of disappointing US economic data. The Asian and European markets were low as well.

The only exception however was the Manufacturing Index which caused that Yen to rise against the Dollar.

Gold declined as the Dollar rose due to speculation that the Fed could raise interest rates sooner. Today however, the metal has made strong gains. Traders should watch the US data later today as it could change the current direction of the price.

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Oct

Building Approvals – 1/10

: Donald Herison; 01 October 2014; Hits: 1666

What is it? It checks the change in the number of new building approvals issued.

It's an excellent measure of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces jobs for the construction workers, subcontractors and inspectors, and various services are purchased by the builder.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? Today (1.10) at 09:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now:

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Oct

Trade Balance – 1/10

: Donald Herison; 01 October 2014; Hits: 1633

What is it? It checks the difference in value between imported and exported goods and services during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? Today (1.10) at 09:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now:

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Oct

5 Tips for Today’s Trading - 1/10

: Donald Herison; 01 October 2014; Hits: 3916

Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for.

1) European markets are mixed. Manufacturing in the Eurozone has stalled, and is now contracting in Germany, the region's biggest economy, according to the latest survey of purchasing managers. The euro continued its recent slide against the dollar.

2) US stocks closed lower Tuesday, ending September in the red. The largest and most important indexes, the S&P 500, Nasdaq and the Dow dropped in what has been a very disappointing month.

3) Markets in Hong Kong and China were closed for the National Day holiday, which saw huge crowds swarm the street of Asia's financial hub. Thousands of Hong Kong residents are taking part in another day of pro-democracy protests. Most other Asian markets ended weaker.

4) Shares in biotech companies Tekmira (TKMR) and BioCryst Pharmaceuticals (BCRX) rose premarket after the first case of Ebola was diagnosed in the US.

EBay (EBAY, Tech30) shares were giving up some of Tuesday's gains posted in the wake of its announcement that it will spin off PayPal into a separate company next year. The stock was down 1.7% premarket.

Adidas (ADDYY) was top gainer in Europe after it announced plans to buy back shares worth 1.5 billion euros.