Trading Strategy

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? March 13^th at 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the CAD 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? March 13^th at 8:30am Eastern Time.

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

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During today’s early trading session, Asian stocks traded higher after mixed Japanese reports. Following the release of negative Australian data showing that the Employment change during the month of February had risen by 15.6k the AUD rose against the Dollar and reached its weekly high.

During the European session, the Euro retreated slightly from 12 year lows against the Dollar, following the release of positive data from France, the French yearly and monthly HICP and the CPI all showed better than expected figures.

The Dollar index retreated from all-time highs as currency traders made gains. Furthermore, at the open of the American markets negative data releases showed that the Core Retail sales and Retail sales declined more than expected. These negative reports weighed on the Dollar, however expectations that the Fed is to raise interest rates midyear continues.

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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. Dollar takes a dip

After a storming run-up over the last year, the U.S. dollar is taking a breather.

"The dollar [is] under pressure, but that comes after what has been a relentless rise so far this month," said Simon Smith, chief economist at FxPro. "The pace of the dollar reversal suggests that more corrective activity could be in store."

The dollar has been rising as investors expect the U.S. Federal Reserve could start raising interest rates soon, while many other countries are still cutting them.

2. Stock market movers -- Shake Shack, banks, Alibaba

Shake Shack (SHAK) shares fell by as much as 7% in extended trading after the company posted a wider quarterly loss than markets expected. This was its first earnings report since the company went public in February.

Shares in Citigroup (C) are rising by about 3% premarket after the bank passed the Federal Reserve's latest stress test and announced it was hiking its dividend and buying back shares. The bank failed one of the tests last year.

Meanwhile, shares in Bank of America (BAC) are slipping by about 1% based on the latest stress test results. BofA didn't fail the tests outright, but due to some "deficiencies," the Fed said it will have to re-submit its plans.

Shares in Alibaba (BABA, Tech30) could also be on the move after sources confirmed the Chinese e-commerce giant invested $200 million in messaging app Snapchat.

3. Market overview

U.S. stock futures are edging up after enduring two consecutive days of losses. European markets are mixed in early trading. Asian markets also closed the day with mixed results.

Crude oil futures and gold prices were both inching higher.

4. Earnings and economics

Dollar General (DG) is reporting ahead of the open, along with two skiing businesses, Vail Resorts (MTN) and Peak Resorts (SKIS).

The U.S. government will post weekly jobless claims at 8:30 a.m. ET. The Census Bureau will post monthly retail sales at the same time.

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