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What is it? Fed Chair Yellen is due to participate in a panel discussion about finance, governance, and society at the Institute for Economic Thinking conference on Finance and Society, in Washington DC.

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

When? May 6^th at 9:15am Eastern Time.

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

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What is it? It checks the estimated change in the number of employed people during the previous month, excluding the farming industry and government.

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? May 6^th at 8:15am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD 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. Crude creeping up

Oil prices continue to push higher Wednesday. Crude futures are currently rising by about 2% to trade around $61.80 per barrel.

The price of a barrel topped $60 on Tuesday, hitting its highest level so far this year.

We could also see brisk trading later this morning when crude inventory data from the U.S. is released at 10:30 a.m ET.

2. Earnings

Anheuser-Busch InBev (AHBIF), SodaStream (SODA) and Wendy's (WEN) are reporting ahead of the open.

After the close, markets will hear from 21st Century Fox (FOX), Tesla (TSLA), Whole Foods (WFM), Transocean (RIG) and Keurig Green Mountain (GMCR).

Shares in BMW (BAMXY) are steady in Europe after the automaker reported its latest quarterly results.

Shares in British grocery chain J Sainsbury (JSAIY) are declining by about 1.5% after the firm reported worse-than-expected results and cut its dividend by 24%. The company, along with rival Tesco (TSCDY), has been suffering from a fierce price war and the cost of writing down its real estate portfolio.

3. Stock market overview

U.S. stock futures are all looking solid ahead of the open.

European markets are mostly rising in early trading. They seem unfazed by Greece's continuing negotiations with international creditors over its debts and economic reforms. The European Central Bank will discuss funding for Greek banks later Wednesday.

All major Asian markets ended with losses. Australia's key index dropped by just over 2%.

Looking back at Tuesday's trading action, the Dow Jones industrial average lost 142 points,the S&P 500 dropped 1.2% and the Nasdaq closed with a 1.6% loss.

4. Economics

The key report to watch this morning is the ADP employment report for April. It comes out at 8:15 a.m. ET.

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

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