Trading Strategy

After a strong rally last week investors started the week locking in profits by selling off the US Dollar and equities.

Asian markets were mixed during today’s session, while European markets were lower today after data from Germany disappointed the market.

Slight losses were seen after Germany released disappointing industrial production data leading to assumptions that demand for oil could fall.

Gold is climbing as the Dollar weakens with profit taking. The low price seen on Friday also boosted physical demand.

Trading Tip: Pay notice to the situation in Germany to expect what will happen with the rest of the European economy.

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3 Tips for Today's Trading

Weak German Data Affects European Market

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Here are 3 tips for today's trading. This will help you decide where you should invest and what to look for:

 1) Stocks are Dropping

US stock futures are shifting lower and markets across Europe are declining.

Investors are feeling unhappy after new data from Germany -- Europe's largest economy -- showed industrial production took a big hit in August, declining by 4% compared to the previous month. This is the latest in a string of reports showing the German economy is sputtering.

 2) Market Movers – Amazon and Apple

Watch Amazon (AMZN, Tech30) trading Tuesday. The company is reportedly set to be investigated by European regulators for striking a sweetheart tax deal in Luxembourg.

Apple (AAPL, Tech30) is already being investigated for a similar tax arrangement in Ireland.

3) Monday Market Summary

US stocks closed in negative territory Monday. The Dow lost 18 points, the S&P 500 slid 0.2%, and the Nasdaq fell 0.5%.

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Weak German Data Affects European Market

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US Stocks Ended Low on Monday

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What is it? It checks the change in the total value of new building permits issued.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

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

When? October 7^th at 8:30am Eastern Time.

Trading Tip: If this goes on, the European markets might continue to drop. Pay notice to the situation in Germany to expect what will happen.

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Other top stories: 

Weak German Data Affects European Market

IvoryOption Broker Study

US Stocks Ended Low on Monday

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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.

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

When? October 7^th at 4:30am Eastern Time.

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

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BOJ Press Conference (JPY) - 7/10

Monetary Policy Statement (JPY) - 7/10

RBA Rate Statement (AUD) - 6/10

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What is it? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

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

When? October 7^th at 2:32am Eastern Time.

Trading Tip: The announcement can greatly affect the JPY, make sure to make your trade before.

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Monetary Policy Statement (JPY) - 7/10

RBA Rate Statement (AUD) - 6/10

Daily Market Review - 6/10

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

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

When? October 7^th at 12:54am Eastern Time.

Trading Tip: The announcement can greatly affect the JPY, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

RBA Rate Statement (AUD) - 6/10

Daily Market Review - 6/10

4 Tips for Today's Trading - 6/10

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