Trading Strategy

During today’s early trading session, Asian markets were mixed after weak data out of China. The yearly CPI, monthly CPI and yearly PPI all showed lower than expected figures. Following the release of the positive Australian House price index, the AUD strengthened against the Dollar during early trade.

European stocks are trading higher after Greece has today offered a compromise in regards to the existing bailout agreement. Finance Minister Yanis Varoufakis said Greece will “implement about 70 percent of reforms already included in the current bailout accord”.

During early US trade, the Dollar continued to trade higher against a basket of major currencies as concerns about Greece’s future in the EU remained. Traders are keeping a close eye on the negotiations over the country’s debt and bailout. Later today, the US is to release the JOLTs Job openings, a higher than expected figure could strengthen the Dollar further.

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What is it? It checks the change in the total inflation-adjusted value of output produced by manufacturers.

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? February 10^th at 4:30am Eastern Time.

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

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What is it? It checks the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? February 10^th at 2:45am Eastern Time.

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

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During today’s early trading session, Asian markets were slightly higher after a stronger Dollar weakened the Yen, however, gains were limited as Chinese data showed a decline in imports and exports during the month of January. Following the speech by Reserve Bank of Australia Governor Glenn Stevens, The AUD strengthened against a basket of major currencies after he spoke about growing trade and closer ties with China.

European stocks traded lower today as concerns over Greece continue to weigh down on sentiment. On Sunday the Greek Prime Minister Alexis Tsipras stated that the nation would not settle with the terms of its old bailout agreement.

During early US trade, the Dollar remained supported after US jobs data on Friday showed that the number of people employed during the previous month had risen by 257,000, above the expected figure of 234,000. The positive NFP result could influence the US Federal Reserve to raise interest rates sooner than expected. Later today, FOMC member Powell will be speaking, traders will listen very closely for clues regarding future monetary policy.

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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) Greek Drama Continues

Greek Prime Minister Alexis Tsipras reaffirmed his rejection of the terms of an international bailout, putting the country on course for a showdown with its European creditors at an emergency meeting on Wednesday.

The benchmark index in Athens was down 5%, and Greek 10-year bond yields widened sharply to 11% as investors prepared for a lengthy standoff.

Adding to the drama, former Fed chairman Alan Greenspan told the BBC that Greece's exit from the Eurozone was just a matter of time.

2) World Markets Sink

All European markets started the week lower, pulled down by fears about the clash with Greece over its debt. Asia was a more mixed picture.

3) Investors like European QE

Europe's losses came despite a new survey by Sentix research showing investors have become increasingly bullish about the Eurozone in February following the European Central Bank's decision to pump billions into the system through a QE program.

4) Stocks to Watch

Toymaker Hasbro (HAS) will report earnings before the opening bell, as will Masco Corporation (MAS).

HSBC (HSBC) came under fire in Europe following accusations that it had helped clients hide $100 billion in Swiss bank accounts. Its shares were trading 1.5% down in London Monday morning.

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