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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:

Markets are looking calm Tuesday though a landmark deal on Iran's nuclear program is hitting oil prices.

European markets slipped and U.S. stock futures were edging lower.

1) Iran deal

Iran and the West have ended long-running negotiations with a deal that will lift sanctions in exchange for curbs on Tehran's nuclear program.

Sanctions have hobbled Iran's economy and restricted oil production and exports, and the country is eager to regain its status as a global energy power.

Crude prices slumped 1.8% to just above $51 a barrel in electronic trading as investors reacted to the deal, which could see a flood of new oil supplies from Iran.

2) Greek bailout

Prime Minister Alexis Tsipras will face disgruntled colleagues and the Greek public as he seeks approval for a new bailout. The deal contains tough new austerity measures and Greek lawmakers will vote on the first package of reforms, which include pension cuts and tax increases, on Wednesday.

The bailout could inject up to $96 billion into the distressed economy, but it's not a done deal yet.

"Getting the deal though parliaments elsewhere in Europe won't be all that easy, but it's in Greece that the fallout could be seen most clearly in the form of new elections," Societe Generale strategist Kit Juckes said.

3) Earnings and economics

It's a busy day for earnings updates. Wells Fargo (CBEAX), Johnson & Johnson (JNJ) and JP Morgan Chase (JPM) all report ahead of the open. Yum! Brands (YUM) -- which owns Taco Bell, Pizza Hut and KFC -- will report after the close. Its stock is up 25% this year, but analysts forecast a 12% drop in the restaurant company's earnings.

4) Market movers

Chinese state-owned firm Tsinghua Unigroup is preparing a $23 billion bid for U.S. chipmaker Micron, the Wall Street Journal reported on Tuesday. Micron (MU) shares were up 10% in premarket trading.

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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? Data represents the quarterly value compared to the same quarter a year earlier. Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment. It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 10:00pm Eastern Time.

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

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What is it? 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.

When? At 08:30am Eastern Time.

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

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What is it? BOE Governor Jul 2013 - Jun 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. 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? At 07:45am Eastern Time.

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

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1. Wall Street opened sharply higher on Monday after euro zone leaders reached an agreement with Greece to move forward with a third bailout loan for the country to avert bankruptcy.

Greece won conditional agreement to receive a possible $95 billion over three years, along with an assurance that euro zone finance ministers would start discussing ways to bridge a funding gap until a bailout – subject to parliamentary approvals – is finally ready.

2. The Canadian dollar was lower against the greenback in early trade on Monday as investors turned their attention back to prospects for higher U.S. interest rates after euro zone leaders reached an agreement on a bailout for Greece.

USD/CAD was last up 0.77% to 1.2756, recovering from Friday’s lows of 1.2653.

3. U.S. natural gas prices rose to a one-week high on Monday, as forecasts for the next two weeks turned warmer, boosting near-term demand expectations for the heating fuel.

Natural gas for delivery in August hit a session peak of $2.855 per million British thermal units on the New York Mercantile Exchange, the most since July 3, before trading at $2.846 during U.S. morning hours, up 7.6 cents, or 2.76%.

4. The euro fell to session lows against the broadly stronger dollar on Monday as markets reacted to news that euro zone leaders hammered out an agreement on a bailout for Greece as long as Athens can implement stringent austerity measures in the coming days.

The euro briefly touched session highs following initial reports of a deal before giving up gains and turning lower

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What is it? During these hearings the BOE Governor and several MPC members testify on inflation and the economic outlook before Parliament's Treasury Committee. The hearings are a few hours in length and can create market volatility for the duration. Especially noted are the direct comments made about the currency markets.

When? At 5:15am Eastern Time.

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

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What is it? It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity. Survey of about 275 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany.

When? At 5:00am Eastern Time.

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

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