What is it? It checks the change in the total value of sales at the wholesale level.

It's a leading indicator of consumer spending - retailers generally order more goods from wholesalers when they expect consumer sales to increase.

When? March 18th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD 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. Monday momentum

Most European markets are rising in early trade, with Germany's DAX pushing above 12,000 points for the first time, as the newly-launched money printing program by the European Central Bank continues to support stocks. The DAX is the world's hottest market so far this year.

U.S. stock futures are also gaining ground.

 

2. China boost

The Shanghai Composite gained more than 2%, and Hong Kong's Hang Seng rose by 0.5%, as China's Premier Li Keqiang promised to press ahead with economic reforms, and reiterated that the government had plenty of options to bolster growth if necessary to hit this year's target of 7%.

Keqiang was speaking as China's closed its annual parliamentary meetings on Sunday in Beijing. He said the reforms would hurt.

"This is not nail clipping," he said. "This is like taking knife to one's own flesh."

 

3. Waiting for the Fed

U.S. markets have been on edge in recent days as investors have tried to figure out the timing of a rise in U.S. interest rates. The Federal Reserve starts a two-day meeting Tuesday, and markets are speculating that a critical word -- patient -- may be removed from its official policy statement. That could open the door for the Fed to raise rates in June, earlier than some hoped.

 

4. Economics

 

The National Association of Home Builders/Wells Fargo housing market index will come out at 10 a.m. ET.

 

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During today’s early trading session, Asian stocks were mixed as investors await Japan’s Monetary Policy statement later this evening, traders will listen closely for clues on the outcome of future interest rate decisions.

During the European session, the EUR/USD is trading with bullish sentiment and retreating from 12 year lows, on Friday the pair dropped to 1.046 as expectations for an interest rate hike boosted demand for the Dollar. Traders are now awaiting ECB’s President Draghi’s speech at 18:45 GMT, traders will listen closely to his remarks for any clues on future monetary policy.

During early U.S. trade, the Dollar Index slipped lower after U.S. data showing that NY Empire State Manufacturing Index showed a lower than expected figure. On Wednesday the U.S. Federal Open Market Committee statement will take place, this a key event for investors as it discusses interest rate decisions and factors affecting the economic outlook.

 

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Other top stories:

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