Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Dollar takes a dip
After a storming run-up over the last year, the U.S. dollar is taking a breather.
"The dollar [is] under pressure, but that comes after what has been a relentless rise so far this month," said Simon Smith, chief economist at FxPro. "The pace of the dollar reversal suggests that more corrective activity could be in store."
The dollar has been rising as investors expect the U.S. Federal Reserve could start raising interest rates soon, while many other countries are still cutting them.
2. Stock market movers -- Shake Shack, banks, Alibaba
Shake Shack (SHAK) shares fell by as much as 7% in extended trading after the company posted a wider quarterly loss than markets expected. This was its first earnings report since the company went public in February.
Shares in Citigroup (C) are rising by about 3% premarket after the bank passed the Federal Reserve's latest stress test and announced it was hiking its dividend and buying back shares. The bank failed one of the tests last year.
Meanwhile, shares in Bank of America (BAC) are slipping by about 1% based on the latest stress test results. BofA didn't fail the tests outright, but due to some "deficiencies," the Fed said it will have to re-submit its plans.
Shares in Alibaba (BABA, Tech30) could also be on the move after sources confirmed the Chinese e-commerce giant invested $200 million in messaging app Snapchat.
3. Market overview
U.S. stock futures are edging up after enduring two consecutive days of losses. European markets are mixed in early trading. Asian markets also closed the day with mixed results.
Crude oil futures and gold prices were both inching higher.
4. Earnings and economics
Dollar General (DG) is reporting ahead of the open, along with two skiing businesses, Vail Resorts (MTN) and Peak Resorts (SKIS).
The U.S. government will post weekly jobless claims at 8:30 a.m. ET. The Census Bureau will post monthly retail sales at the same time.
Ask us about our FREE signals program:
Other top stories:
All Your Brokers and Signals in 1 Place - Binary Trade Center
Countless Already Joined and Made a Profit - What About You?
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: