Trading Strategy

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

1. Greece stands alone:

The debt-ravaged country is on its own financially after it defaulted on a $1.7 billion payment to the International Monetary Fund - blocking it from the Fund's resources - and its European bailout expired.

The bankrupt country has asked for a new, third bailout from Europe. All eyes remain fixed on Sunday's referendum when Greeks will be asked to support - or reject - the earlier bailout. The vote could decide its future in the euro.

More meetings to watch today: Eurozone finance ministers will reconvene to consider Greece's latest debt proposals, while the European Central Bank discusses whether to keep its lifeline to Greek banks in place.

2. China stocks:

It was yet another wild day on Chinese markets. The Shanghai Composite spent much of the day in positive territory, before plummeting roughly 5% in the final hour of trading. Volatility has become the norm for Chinese investors in recent weeks, despite efforts by Beijing to stabilize the market, including cutting interest rates to record lows.

 3. Oil slides:

Crude prices took a tumble in electronic trading Wednesday, sinking 1.8% to just above $58 a barrel. Talks between world powers over Iran's nuclear program have been extended to July 7, raising the prospect that sanctions could be lifted and allowing the oil-rich nation to trade with the West. Big oil companies including Royal Dutch Shell (RDSA) have begun to forge business relationships with Iran in case that happens.

4. Economics and earnings:

The monthly U.S. employment report from ADP comes out at 8:15 a.m. ET. On the corporate front, General Mills (GIS) will report ahead of the open.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

Follow us and SHARE this story on Facebook:   

What is it? A positive number indicates that more goods and services were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 9:30pm Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

Follow us and SHARE this story on Facebook:   

What is it? It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income. The weighted-average price of the 9 dairy products sold at auction are sampled and then compared to the previous sampling.

When? No Exact Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

Follow us and SHARE this story on Facebook:   

What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? At 10:00am Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

Follow us and SHARE this story on Facebook: