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What is it? President Draghi due to deliver opening remarks at the ECB Forum on Central Banking titled "Inflation and Unemployment in Europe," in Portugal.

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? May 21^st at 1:30pm 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 checks the level of a diffusion index based on surveyed manufacturers in Philadelphia.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? May 21^st at 10:00am 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? It checks the annualized number of residential buildings that were sold during the previous month, excluding new construction.

It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction.

When? May 21^st at 10:00am 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? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

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. Unemployment is also a major consideration for those steering the country's monetary policy.

When? May 21^st at 8:30am Eastern Time.

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

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

When? May 21^st at 7:30am Eastern Time.

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

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Hi Luke
I just want to say thanks for today being on hand to sort through my problems that I have been having. In fact to the whole team Jenny who has always been available and Jack with his mentoring, basically although I have yet to be successful I wish I had started to use this company a long time ago. I am probably jinxed and have probably been your company's  most awkward client but still the support from you all is 101%.... (looks like I am in the money with Apple...miracles do happen even for me)....
Anyway I hope you will pass my thanks on to all those I have mentioned  and those I didnot mention.. As soon as I am able to be in good profit I hope to send business your way.
Kind Regards

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

1. Potential market movers -- Yahoo, Etsy

Shares in Yahoo (YHOO, Tech30) are posting a modest 3% rebound premarket after they tanked by about 8% late Tuesday. Investors hit the sell button on concerns that the company would be hit by new tax rules when it spins off its stake in Alibaba (BABA, Tech30). But the tech giant has reportedly issued a statement saying it will not be affected by any IRS tax rule changes.

Shares in Etsy (ETSY) are down by roughly 17% premarket after the company reported a big quarterly loss. It was the company's first earnings report since its IPO.

2. Down day in the markets?

U.S. stock futures are looking soft ahead of the open, but this comes a day after the Dow Jones industrial average eked out a minor gain to close at a new record high. The S&P 500 is also trading near record levels.

European markets are all edging down in early trading. Asian markets ended with mixed results. Japan reported annualized growth of 2.4% in the first quarter. That was stronger than expected but analysts warned the pace of expansion would slow later this year.

3. Earnings

Target (TGT), Staples (SPLS) and American Eagle Outfitters (AEO) are reporting ahead of the open.

Salesforce.com (CRM, Tech30), Williams-Sonoma (WSM) and the owner of Victoria's Secret, L Brands (LB), will report after the close.

4. Economics

The Federal Reserve will publish the minutes from its latest policy meeting at 2 p.m. ET.

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