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

 

1. Earnings and economics

It's a big week for retail earnings and Urban Outfitters (URBN) will kick things off with its quarterly report after the close.

Earnings reports are on tap later this week from Wal-Mart (WMT), Target (TGT) and Best Buy (BBY).

On the economic front, the National Association of Home Builders release its monthly housing market index at 10 a.m. ET.

 

2. Oil climbs

Crude prices gained about 1% to push above $60 a barrel as investors absorbed news of fresh fighting in the Middle East. The key Iraqi city of Ramadi fell to ISIS on Sunday, while airstrikes resumed in Yemen as a ceasefire ended. Oil prices have stabilized in recent months after plunging around 50% in the last half of 2014.

 

3. International markets

Major European markets are edging higher in early trading. Germany's DAX is the strongest performer, up 0.9%. Asian markets had a mixed day.

 

4. Friday recap

The Dow Jones industrial average gained 20 points, while the S&P 500 inched up 0.1% to a fresh record close. The tech-heavy Nasdaq lost 0.1%.

U.S. stocks have been powering ahead despite mounting evidence that the American economy isn't all it's cracked up to be.

 

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What is it? It checks the percentage that business managers expect the price of goods and services to change annually during the next 2 years.

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.

When? May 18th at 11:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

 

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Technical Analysis Lesson 1 - Introduction

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What is it? It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

When? May 18th at 9:30pm Eastern Time.

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

 

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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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