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What is it? Governor Poloz is due to speak at the Chamber of Commerce, in Charlottetown.

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? May 19^th at 11:45am Eastern Time.

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

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What is it? It checks the annualized number of new residential building permits issued during the previous month.

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

When? May 19^th 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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What is it? It checks the change in the price of goods and raw materials purchased by manufacturers.

It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer.

When? May 18^th at 6:45pm Eastern Time.

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

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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. Earnings and economics

It's a big week for retail earnings and Urban Outfitters (URBN) will kick things off with its quarterly report after the close.

Earnings reports are on tap later this week from Wal-Mart (WMT), Target (TGT) and Best Buy (BBY).

On the economic front, the National Association of Home Builders release its monthly housing market index at 10 a.m. ET.

2. Oil climbs

Crude prices gained about 1% to push above $60 a barrel as investors absorbed news of fresh fighting in the Middle East. The key Iraqi city of Ramadi fell to ISIS on Sunday, while airstrikes resumed in Yemen as a ceasefire ended. Oil prices have stabilized in recent months after plunging around 50% in the last half of 2014.

3. International markets

Major European markets are edging higher in early trading. Germany's DAX is the strongest performer, up 0.9%. Asian markets had a mixed day.

4. Friday recap

The Dow Jones industrial average gained 20 points, while the S&P 500 inched up 0.1% to a fresh record close. The tech-heavy Nasdaq lost 0.1%.

U.S. stocks have been powering ahead despite mounting evidence that the American economy isn't all it's cracked up to be.

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18

May

Role Reversal

Once a resistance or support level is broken, its role is reversed.

What is it? It checks the percentage that business managers expect the price of goods and services to change annually during the next 2 years.

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.

When? May 18^th at 11:00pm Eastern Time.

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? It's a detailed record of the RBA Reserve Bank 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 18^th at 9:30pm Eastern Time.

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

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