Trading Strategy

The recent lower-than-expected release of Chinese import and export data had a negative impact on the country’s economy, as both results dwindled, raising concerns about the Chinese economy. The Asian session was not fruitful for the Japanese stocks as well, starting with stocks such as Panasonic Corp., which dropped during the last session. In addition, the Asian session was also negative for the Japanese Nikkei which despite it being close to a record level of 20,000, dropped by 0.01%.

The dollar is still supported by the expectations of an earlier-than-expected increase of the interest rates, shaking off the latest drop caused by the Nonfarm Payrolls negative release at the beginning of the current month. The dollar also gained ground against multiple currencies, such as the euro and the yen. Indices such as the Dow Jones, S&P 500, and Nasdaq are at record levels, yet they are still prone to dropping should the effect of the recent expectations for the interest rate reach the stock market.

After the closure of the markets during Easter at the beginning of last week, the euro, in addition to the British pound, were both lower against the U.S. dollar this week. In addition, multiple releases were negative from the Eurozone, including the Services PMI which dropped to 54.2, the German Trade Balance which dropped to 19.7 billion, and the Retail Sales data which were released as expected. The bearish sentiment that was seen last week remains unchanged and still lingers during this week, as the European currencies remain weaker against the dollar.

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

1. Stock market movers -- Qualcomm, Volkswagen

Shares in Qualcomm (QCOM, Tech30) are rising by about 2.5% premarket as investors get excited about the idea that the company could break itself up. The Wall Street Journal reports that activist investor Jana Partners has been pushing for a strategic overhaul to boost the company's share price. Shares in the semiconductor company have slumped by about 7% since the start of the year.

In Germany, shares in Volkswagen (VLKAY) are dipping by about 1.5% after weekend reports of a power struggle between the company's chairman and CEO.

2. Market overview

U.S. stock futures are inching lower, European markets are mixed in early trading, while most Asian markets ended the day with gains.

Stock markets in China and Hong Kong posted impressive rallies, with the Hang Seng index surging by nearly 3%.

3. Keep an eye on oil

Crude futures are pushing higher Monday, up by about 1.5% to trade around $52 per barrel.

Oil prices have been volatile over the past week as traders consider how much excess supply could come onto the market if world powers drop their sanctions on Iran.

4. Economics

The Treasury Department will release its monthly budget update at 2 p.m. ET.

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LAVITA: But I am very happy and excited for today...:)

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What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? April 13^th 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 Level of a diffusion index based on surveyed manufacturers, builders, wholesalers, retailers, and service providers.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? April 13^th at 6:00pm Eastern 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:

All Your Brokers and Signals in 1 Place - Binary Trade Center

Countless Already Joined and Made a Profit - What About You?

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

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