Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Markets rally on Monday
1. Markets rally on Monday
Market sentiment is being seriously swayed by politics in Britain right now.
European markets are surging by as much as 3% in early trading as investors feel more confident that the U.K. public will vote to remain in the European Union during a historic referendum on Thursday.
A series of new opinion polls show voters are being swayed towards the "remain" campaign, though overall sentiment is still roughly evenly split.
Economists have warned for months that a vote in favor of a British exit - or "Brexit - from the EU would slam the U.K. economy and reverberate throughout Europe.
European and U.K. banking stocks are leading the rally. U.S. stock futures are jumping by about 1% ahead of the open. Stocks in Asia rallied, with the Japanese Nikkei leading the way with a 2.3%
2. GBP on the rise, Gold is dropping
2. GBP on the rise, Gold is dropping
The pound rallied against the other major currencies on Monday as worries that the U.K. could vote to exit the European Union eased after weekend polls showing the Remain campaign is regaining ground ahead of Thursday’s referendum.
GBP/USD spiked 1.9% to a three-week high of 1.4633, extending its pullback from Thursday’s two-month trough of 1.4011.
The pound also posted strong gains against the yen, with GBP/JPY jumping 2.3% to 152.88, rebounding from the three-year lows of 145.37 set on Thursday.
A series of weekend polls showed the campaign to keep Britain in the EU had regained momentum ahead of Thursday's highly-anticipated referendum.
Gold futures were under pressure on Monday, retreating further from last week’s 22-month high as fears over a potential U.K. exit from the European Union temporarily eased.
Prices of the yellow metal fell to an intraday low of $1,282.30 a troy ounce. It last traded at $1,286.55, down $8.25, or 0.64%.
Last week, momentum appeared to be building for the campaign to leave the EU, sending gold to a high of $1,318.90, the most since August 2014.
3. Facebook meeting
3. Facebook meeting
Facebook is holding its annual shareholder meeting on Monday. Investors will vote on a proposal that allows CEO Mark Zuckerberg's majority voting control to be terminated if he steps down or no longer occupies a leadership position at the company.
4. Weekly market recap
4. Weekly market recap
Stock markets are rallying Monday, but that wasn't the case last week.
The Dow Jones industrial average dropped by 1.1%, the S&P 500 lose 1.2% and the Nasdaq fell 1.9%.
