Trading Strategy

What is it? Governor Wheeler is due to hold a press conference about the Financial Stability Report, in Wellington.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? November 11^th at 3:05pm Eastern Time.

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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) Defying Gravity?

After closing at new record peaks, US markets continue to push even higher, with stock futures edging up and most major global indexes in positive territory.

2) Alibaba Bonanza

The world's biggest online shopping day has already generated record sales over Alibaba's platforms. More than $2 billion worth of goods was sold via Alibaba (BABA, Tech30) in just the first hour, and last year's record was passed early afternoon in China.

3) International Markets Overview

European markets were strolling higher in early trading. Shares in Vodafone (VOD) were up 5% in London after the mobile operator reported revenue growth of 9% in the first half of the year, and raised its dividend.

Asian markets ended mixed, with most indexes little changed on the day. The lone exception was Japan's Nikkei, which gained 2% as the yen weakened further.

The ruble was under pressure again after Monday's brief respite from last week's plunge. Russia's currency was trading 1% weaker against the US dollar.

4) Earnings

Quarterly reports continue to trickle in. DR Horton (DHI), a company that builds single-family homes, will report earnings before the opening bell. Fossil (FOSL) will report after the close.

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What is it? It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future.

When? November 11^th at 3:00pm Eastern Time.

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

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US stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment.

Asian markets were mixed. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5.

European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong.

Oil declined after OPEC predicted that demand may fall to a 14 year low in 2017. Then price is now climbing ahead of the NFP release as traders are expecting positive results. Increased labor should lead to greater demand for oil. Gold is trading around a 4 year low as the Dollar continues to rally. Physical demand has not yet picked up and so we can see that traders believe the price will continue to drop.

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What is it? It checks the difference in value between imported and exported goods during the previous month.

Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? November 7^th sometime during the day.

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

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What is it? Fed Chair Yellen is due to participate in a panel discussion titled "Policy Since the Onset of the Financial Crisis" at the Bank of France's Symposium "Central Banking: The Way Forward?," in Paris. Audience questions expected.

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? November 7^th at 10:15am Eastern Time.

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

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