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During today’s early trading session, Asian stocks traded lower as Japanese shareholders took profits on the last day of the first quarter. The Nikkei share average was down 1.05%, closing at 19,206 points. Following the release of negative data out of New Zealand, the NZD/USD dropped early this morning to its lowest level since March 20th, Building Consents for the month of February dropped significantly by 6.3%, analysts had expected a rise of 2%. This negative data added to concerns that the Reserve Bank of New Zealand is to lower interest rates mid-2015, which could continue to weigh on the NZD over the long term.

During the European session the Euro dropped to 1.071 despite positive data from Germany showing that the country’s unemployment rate dropped to a record low. The Euro declined following the failed agreement between Greece and its creditors, the nation will run out of cash unless an agreement is reached over an extended bailout plan by the end of this month. Tomorrow, Germany is to release the Manufacturing PMI for the month of March, if the actual figure is lower than the expected figure of 52.4 this could cause the Euro to drop further in the short term.

During early U.S. trade, American stocks continue to rally as investors digest Janet Yellen’s comments on rising interest rates, she stated on Friday that a hike in rates is expected later this year but will do so gradually if there is continued improvement in the economy. Nasdaq Composite is up 1.15%, S&P 500 is up 1.22% and Dow Jones rallied 1.49%. Currency traders are now awaiting the U.S. CB Consumer Confidence taking place at 15:00 GMT. A negative reading could push down the Dollar in the short term.

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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. Oil in the spotlight

Traders are focusing on the oil market Tuesday in anticipation of major developments involving Iran and Nigeria.

Crude futures are moving down by about 2% to trade around $47.50 per barrel.

Iran is negotiating with world powers about its nuclear capabilities, and talks are coming down to the wire. Tuesday at 6 p.m. ET marks the "self-imposed" deadline for all sides to agree on a general framework for a deal. Then the U.S., Iran and others will have until the end of June to hammer out the specifics. This could ultimately lead to a lifting of sanctions and allow Iran to pump more oil to world markets.

Nigeria, one of Africa's biggest oil producers, is tallying up the results of its election. Final results are expected today.

Opposition challenger Muhammadu Buhari is currently leading with 12 million votes, surpassing President Goodluck Jonathan, who has garnered 10 million votes so far, according to Reuters. However, these figures are not final as vote counting continues.

2. Stock market overview

U.S. stock futures are looking a bit soft Tuesday after markets posted a strong rally on Monday.

If the main indexes fail to climb again today, they'll all close out the month with losses.

As it stands now, both the Dow Jones industrial average and S&P 500 have declined by nearly 1% since the start of March, following a surge in February. The Nasdaq is also in the red for the month, but is only off by 0.3%.

3. International market overview

European markets are mostly edging higher in early trading.

All the main Asian markets closed the day with gains, except for the Nikkei in Japan, which pulled back by 1.1%.

4. Economics

There are a few interesting economic stats coming out Tuesday.

The S&P/Case Shiller 20-city home price index will be published at 9 a.m. This index provides a broad overview about the state of America's housing market.

The U.S. Conference Board will update its monthly consumer confidence index at 10 a.m.

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? March 31^st at 9:00pm 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? It checks the change in the number of new building approvals issued.

It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.

When? March 31^st at 8:30pm Eastern Time.

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

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What is it? It checks the level of a composite index based on surveyed households.

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? March 31^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 change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? March 31^st 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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