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


1) Fed Focus

Investors will be monitoring the Federal Reserve news conference at 2:00pm ET to gauge what Fed chair Janet Yellen is planning for monetary policy over the coming year.

The Fed previously reassured markets that any rate rise would be a "considerable time" away, but analysts say the language may be tweaked, despite the deflationary impact of plunging oil prices. The Fed has held its key short-term rate near zero since 2008.


2) Ready for a Rebound?

US stock futures are rising Wednesday, though the markets have been fickle lately, and CNNMoney's Fear & Greed index still shows investors are feeling fearful.


3) Ruble Steadying

The Russian ruble, which has plunged by over 50% since the start of the year, is rising by about 2% versus the U.S. dollar Wednesday.

The currency is stabilizing after enduring two consecutive days of heavy losses. Russian authorities are reportedly selling foreign exchange reserves.


4) International Markets Overview

All major European markets were declining in early trading.

Greece is voting for a new president Wednesday and Russian concerns are still top of mind, which has created a negative mood in Europe. Asian markets closed with mixed results.

 

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What is it? It checks change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? December 17th at 4:45pm Eastern Time.

 

 

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

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What is it? It's among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? December 17th at 2:30pm 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 interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? December 17th at 2:00pm Eastern Time.

 

 

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

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

 

Other top stories:

4 Tips for Today's Trading - 16/12

The Importance of Diversification

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

 

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