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


 1) Oil Slides

The price of crude oil is off by nearly 2% and trading below $63 per barrel. Oil prices have fallen by nearly 40% since June, which has created a lot of uncertainty as investors try to guess when the price will bottom out.

Falling oil prices have wreaked havoc on the oil industry, but given a boost to travel companies and changed the business landscape for many other sectors.


2) Up or Down?

US stock futures were not making any big moves ahead of the open after staging a massive drop and a subsequent comeback on Tuesday.

The Dow Jones industrial average fell by 222 points before recovering to close with a 51 point loss on Tuesday. The S&P 500 landed barely in the red, and the Nasdaq rose about 0.5%.


3) International Markets Mixed

European markets are mostly rising in early trading, but Greek stocks were edging lower. Furious selling sent the market in Athens down nearly 13% on Tuesday as new elections rekindled worries about a possible default.

Asian markets ended with mixed results. The Shanghai Composite rebounded about 3% after suffering heavy falls Tuesday. The benchmark Nikkei index in Japan slid by 2.3% as data showed a drop in consumer confidence.


4) Earnings Updates

Costco (COST), Lands' End (LE) and Vera Bradley (VRA) will report earnings before the opening bell.

Men's Wearhouse is among the companies reporting after the close.

 

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What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

When? December 10th at 7:30pm Eastern Time.

 

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

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What is it? It checks the change in the number of employed people during the previous month.

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

When? December 10th at 7:30pm Eastern Time.

 

 

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

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4 Tips for Today's Trading - 09/12

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What is it? Governor Wheeler is due to testify before the Finance and Expenditure Select Committee, in Wellington.

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? December 10th at 7:10pm Eastern Time.

 

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

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Other top stories:

4 Tips for Today's Trading - 09/12

The Importance of Diversification

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

 

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