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US stocks experienced their worse drop in 2 months before earnings season. Asian markets also declined as the Dollar traded as low as ¥107.8.

European markets are lower today as focus now turns to the FOMC Meeting Minutes which will be released at 6pm GMT today.

Oil sharply declined to a 2 year low after the IMF decision to cut the global growth forecast. The assumption is that if growth slows, demand for oil will also slow.

Gold gained and climbed above $1,215/ounce as the Chinese market re opened after holidays. Further gains were seen as the stock market and Dollar declined. Traders turned to safe haven assets following the IMF decision but this could be short term.

Trading Tip: If the FOMC Meeting minutes provide new information we should see Gold falling back down.

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4 Tips for Today's Trading - 8/10

Asset Purchase Facility (GBP) - 9/10

Asian Stocks Fall - Oil Follows

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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) Calming Down 

US stocks aren’t changing much today.

US stocks fell Tuesday, suffering one of their worst days in 2014. The Dow Jones industrial average lost 272 points and both the S&P 500 and Nasdaq tumbled more than 1.5%. October is notorious for some of the worst market crashes in history.

Whether or not we get another one will likely depend on corporate earnings.

 2) Markets are Falling 

European markets were pushing further into the red in early trading. Most markets in Asia also declined overnight.

3) Market Movers - Air France and Yum! Brands 

Shares in Air France KLM (AFLYY) fell by more than 2% in Europe after the carrier said that a recent strike by pilots cost the company up to €350 million ($440 million) in the third quarter.

Keep an eye on shares in Yum! Brands (YUM). The parent company of KFC and Pizza Hut slashed its profit expectations. It has been struggling to recover from a tainted meat scandal in China, and the stock is down by just over 15% in three months.

4) Waiting for the Fed 

The Federal Reserve is expected to release the summary from its September meeting at 2:00pm Eastern Time.

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Asset Purchase Facility (GBP) - 9/10

Asian Stocks Fall - Oil Follows

Unemployment Rate (AUD) - 8/10

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What is it? It check the total value of money the BOE will create and use to purchase assets in the open market.

The announcement increases demand for bonds which usually leads to lower long-term interest rates.

Usual Effect: If the number is smaller than expected, you can expect the GBP to rise.

When? October 9^th at 7:00am Eastern Time.

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

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Asian Stocks Fall - Oil Follows

Unemployment Rate (AUD) - 8/10

Employment Change (AUD) - 8/10

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What is it? It check 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.

Usual Effect: If the number is smaller than expected, you can expect the AUD to rise.

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

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

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Other top stories: 

Unemployment Change (AUD) - 8/10

FOMC Meeting Minutes (USD) - 8/10

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What is it? It check 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.

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

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

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

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FOMC Meeting Minutes (USD) - 8/10

Weak German Data Affects European Market

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What is it? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

Usual Effect: If the meeting is more aggressive than expected, you can expect the USD to rise.

When? October 8^th at 2:00pm Eastern Time.

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

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Other top stories: 

Market Review - 7/10

Weak German Data Affects European Market

IvoryOption Broker Study

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