What is it? Stevens is due to speak at the Economic Society of Australia, in Melbourne.

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

When? June 9th at 10:50pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.

 

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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. Good Apple

Investors and tech geeks alike are eagerly awaiting Apple (AAPL, Tech30)'s annual Worldwide Developers Conference, which kicks off Monday.

Tim Cook is expected to announce the latest iPhone and Mac features, which could cause Apple's stock to swing.

 

2. Germany nears correction

The benchmark DAX 30 index in Germany is nearing correction territory, down by roughly 9% since its all-time closing high on April 10. The DAX was one of the hottest stock markets in the world at the start of the year, but was quickly outpaced by indexes in China.

 

3. Overview of stocks and bonds

U.S. stock futures are relatively stable ahead of the open while European stock markets are mostly dipping in early trading.

Asian stock markets ended with mixed results.

Bond prices are weakening in Europe, sending yields higher. But early trading Monday showed U.S. and U.K. bonds rallying. Fixed income prices tanked last week, which sent yields way up.

The turmoil is a clear signal that investors are bracing for higher interest rates -- whether the Federal Reserve is ready for its first rate hike in a decade or not.

 

4. Japan's growth surprises

Japan's economy is doing better than originally expected.

Gross domestic product grew by an annualized 3.9% in the three months ended March, according to statistics from Japan's Cabinet Office. The figure has been revised sharply higher from an initial estimate of annualized 2.4% growth.

But economists are warning that a strong first quarter means that it's time to brace for slower growth ahead. Markets in Tokyo posted a muted response to the data and were essentially unchanged at the end of the trading day. The yen is slipping versus a number of major currencies.

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Technical Analysis Lesson 1 - Introduction

Technical Analysis Lesson 2 - The Basic Assumptions

How I Made Over $30,000 a Year by Investing in Binary Options

 

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