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. Calm markets

U.S. stock futures are edging up and European markets are mixed in early trading. Many investors are noting that the markets have been surprisingly calm in the last few weeks.

In fact, this spring has been one of the most tranquil periods for American stocks since the 1960s.

In Asia, most key stock markets declined, but Chinese indexes edged up.

2. Stocks to watch -- Google, Humana

Shares in Google (GOOGL, Tech30) could see higher trading volume Wednesday as the company holds its annual meeting for shareholders. Some are demanding that the company fully disclose all of its spending on lobbying. There will be a vote on the issue during the day.

Shares in insurance giant Humana (HUM) are moving up as investors expect it will increase its premiums on some Texas health plans by as much as 30%. Other insurers are proposing similar plans.

3. Economic announcements

On the economic side, the U.S. Census Bureau is releasing trade balance data at 8:30 a.m. ET.

Data on crude oil inventories will come out at 10:30 a.m. Ahead of the release, crude prices are declining by about 1% to trade aroud $60.60 per barrel.

At 2 p.m., the U.S. Federal Reserve is releasing its Beige Book. The publication offers anecdotal information on the state of the economy.

4. Greece

The crisis over Greece's enormous debts is coming to a head. Its international creditors are expected to present an agreed list of reforms to Greek officials later Wednesday, according to reports.

The European Central Bank announces its latest policy decision but is unlikely to make any change. More attention will be focused on what ECB President Mario Draghi has to say about the situation in Greece.

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services industry.

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.

When? June 2^nd at 9:45pm Eastern Time.

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

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What is it? It checks the 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? June 2^nd at 9:30pm Eastern Time.

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

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What is it? It checks the change in the average price of dairy products sold at auction.

It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

When? June 2^nd at 10:00am Eastern Time.

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

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What is it? FOMC Member Brainard is due to speak about the US economic outlook and monetary policy at the Center for Strategic and International Studies, in Washington DC. Audience questions expected.

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

When? June 2^nd at 10:00am Eastern Time.

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

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