Trading Strategy

Oct

4 Tips for Today’s Trading - 15/10

: Donald Herison; English; SCHOOL; 15 October 2014; 15

Oct; 10 February 2016; Hits: 3464

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

1) Pharmaceutical Deal

Shares in the UK pharmaceutical giant Shire (SHPG) dropped like a rock this morning -- down by as much as 29% -- following indications that US drugmaker AbbVie (ABBV) may ditch its $55 billion takeover of the company.

AbbVie said Tuesday that its board of directors is taking another look at the deal after the Obama Administration introduced measures last month to make it harder for American companies to reduce their tax bills by merging with foreign firms and moving abroad.

2) Ready for Earnings

: Investors are preparing for a swing of big earnings announcements Wednesday.

Bank of America (BAC) and BlackRock (BLK) will report quarterly results before the opening bell. American Express (AXP), eBay (EBAY, Tech30) and Netflix (NFLX, Tech30) will report after the close.

Markets are also ready to react to Intel (INTC, Tech30) earnings. Shares are rising by about 1.5% premarket after the company reported a 12% jump in quarterly income compared to last year.

3) Softening Markets

US stock futures were relatively calm, with the indexes not straying far from Tuesday's closing levels.

US stocks posted mixed results over the previous session. The Dow Jones industrial average slid slightly into the red, losing about 6 points. But the S&P 500 rose 0.2% and the Nasdaq ended the day 0.3% higher.

Markets seem to be mellowing out after taking a sharp dive between Thursday and Monday.

On the other side of the pond, European markets were lower. Asian markets mostly closed with gains.

4) Economic Agenda

The US Census Bureau will report monthly retail sales at 8:30am Eastern Time.

At 2:00pm, the Federal Reserve will release its Beige Book, which is a compilation of anecdotal information about the state of the US economy.

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Oct

Retail Sales (USD) – 15/10

: Donald Herison; English; ANNOUNCEMENTS; 15 October 2014; 15

Oct; 10 February 2016; Hits: 1434

What is it? It check the in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

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

When? October 15^th at 8:30am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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Oct

PPI (USD) – 15/10

: Donald Herison; English; ANNOUNCEMENTS; 15 October 2014; 15

Oct; 10 February 2016; Hits: 1682

What is it? It check the in the price of finished goods and services sold by producers.

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

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

When? October 15^th at 8:30am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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Oct

Core Retail Sales (USD) – 15/10

: Donald Herison; English; ANNOUNCEMENTS; 15 October 2014; 15

Oct; 10 February 2016; Hits: 2434

What is it? It check the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

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

When? October 15^th at 8:30am Eastern Time.

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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