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

When? At 8:30am Eastern Time.

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

 

 

 

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1. U.S. stocks fell marginally at the open on Tuesday as investors booked profits after the S&P 500's best 5-day run since 2011.

The Dow Jones industrial average (DJI) fell 13.56 points, or 0.08 percent, to 16,762.87. The S&P 500 (SPX) lost 2.38 points, or 0.12 percent, to 1,984.67 and the Nasdaq composite (IXIC) dropped 13.95 points, or 0.29 percent, to 4,767.31.

2. Oil prices rose on Tuesday, heading for the first three-day gain in five weeks, on signals that the world's biggest producers of crude may act jointly to support prices, which have halved over the past year.

Brent crude, the global oil benchmark traded up 75 cents at the $50.00 a barrel milestone for the first time in two weeks by 1243 GMT, or 1.4 percent day on day. It rose 2.3 percent on Monday.

3. The euro pushed higher against the weaker dollar on Tuesday as diminished expectations for a rate hike by the Federal Reserve this year pressured the greenback lower.

EUR/USD rose 0.46% to 1.1237 from 1.1186 late Monday. The dollar remained on the back foot after Friday’s unexpectedly weak U.S. jobs report prompted investors to abandon expectations for a rate hike by the Fed before the end of 2015.

4. New Volkswagen (XETRA:VOWG) Chief Executive Matthias Mueller warned staff on Tuesday to brace for "massive cutbacks" in response to the diesel emissions scandal that has hammered the company's stock and reputation.

Speaking to employees at VW headquarters in Wolfsburg, Mueller, who replaced longtime CEO Martin Winterkorn late last month, said all the company's investment plans would be put under review and an existing cost-cutting program accelerated, cautioning, "this will not be painless".

5. U.S. exports took a hit from an ailing global economy in August and imports from China surged, fueling the largest expansion of America's trade deficit in five months. The Commerce Department said the trade deficit grew by 15.6% to $48.3 billion in August.

Overall exports fell 2% to their lowest level since October 2012. Imports rose 1.2%, even though America bought the least petroleum from abroad since September 2004.

The data illustrates the U.S. economy's vulnerabilities to a strong dollar and weak demand in foreign markets, which could impose further caution on the Federal Reserve's plans to hike interest rates.

 

 

 

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Up or down? Investors can't make up their minds.

Stock markets are bouncing all over the place Tuesday after a stunning rally on Monday.

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

 

1. Market overview

 

U.S. stock futures are looking weak Tuesday, though they have clawed back from earlier lows. European markets had initially been in the red, but are now climbing into positive territory.

In Asia, most markets closed the day with gains. Chinese stock markets remain closed for a holiday.

In the commodities market, prices are staying relatively steady. Oil is trading around $46 per barrel and gold is holding at $1,138 per ounce.


2. Stock market movers

DuPont, Facebook, Amazon: Shares in American chemical company DuPont (DCDEX) are rising by 5% after the firm announced CEO Ellen Kullman is retiring and a new interim CEO is taking over. This firm also cut its earnings expectations for the year, blaming the revision on a strong dollar.

Shares in Facebook (FB, Tech30) and Amazon (AMZN, Tech30) are dipping a touch premarket after Europe's top court made a ruling that could damage the way tech companies use and share data within their own business units. The court ruled that European countries have the right to ban U.S. companies from transferring data back to the U.S.


3. Earnings and economics

 

Pepsi's (PEP) earnings are coming out ahead of the market open.

After the close, the owner of KFC and Taco Bell will report results.

On the economic side, the Census Bureau will post the national trade balance for August at 8:30 a.m. ET. The deficit narrowed in July.


4. Monday market recap

 

All the major U.S. stock indexes shot up by more than 1.5% on Monday. The Dow Jones industrial average led the way with a 1.9% gain.

 

 

 

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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.

When? Tentative 

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

 

 

 

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

When? At 1:00pm Eastern Time. 

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

 

 

 

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What is it? It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

When? Tentative

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

 

 

 

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

When? At 8:30am Eastern Time. 

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

 

 

 

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