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US markets dropped, suffering their largest losses seen in 3 months. The selloff was triggered by crude oil prices as they fell through $50/barrel. Concerns also mounted as the Euro declined on political developments in Greece and monetary stimulus expectations.

Asian markets were mostly lower across the region. Losses were seen as the Yen strengthened as a safe haven asset due to fears over Europe and falling oil prices.

European markets are mixed today.

Oil lost 5% and fell through its psychological level at $50/barrel. The commodity is now trading at its lowest price since April 2009 around $48.75.barrel. The price is under pressure due to rising supplies and falling demand, concerns regarding Greek debt and the climbing Dollar. The API will be releasing inventory data at 9:30pm GMT.

Gold benefited as a safe haven asset and climbed past $1,200/ ounce. Traders are focusing on Greece with worries another debt crisis could occur. Traders should keep in mind that the FOMC Meeting Minutes will be released tomorrow and the NFP report will come on Friday.

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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) Seeing Red

US stock futures are pushing lower Tuesday, a day after markets took a sharp fall.

Investors have grown increasingly concerned about falling oil prices and a souring global economy. Oil prices dipped below $50 a barrel Monday -- the first time they've hit that level since the Great Recession in April 2009.

Crude oil futures continue falling Tuesday, trading just below $49 per barrel.

The price of gold and US Treasuries are rising -- both signs of investors feeling nervous. The yield on 10-year Treasuries dipped below 2%.

2) International Overview

All major European markets were in the red in early trading, with many indexes down by about 1%.

The latest gauge of European economic activity from Markit showed the region's services and manufacturing industries grew at a sluggish pace in December.

The euro is relatively steady against the US dollar, trading near a nine-year low of $1.19.

Most Asian markets closed the session with big losses, taking their cue from the US drop. The Nikkei in Japan led the decliners with a 3% loss.

3) Toyota Shares Technology

Toyota (TM) said it would share more than 5,000 fuel cell patents with competitors, in the hope of kick starting commercial production of hydrogen-powered cars.

The world's biggest carmaker made the announcement at the Consumer Electronics Show in Las Vegas.

4) Another Bitcoin Hack

Europe's biggest Bitcoin exchange -- Bitstamp -- has been hacked.

The hackers made off with about 19,000 bitcoins ($5.2 million) from exchange accounts. The company has temporarily suspended its service.

The price of Bitcoin has fallen sharply over the past year as the hype around the alternative currency waned. The digital currency is now worth about $275 per coin.

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What is it? It checks the change in the total value of new purchase orders placed with manufacturers.

It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

When? January 6^th at 10:00am Eastern Time.

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

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers, excluding 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? January 6^th at 10:00am Eastern Time.

Trading Tip: If the 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 average price of dairy products sold at auction.

It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

When? January 6^th at 8:30am Eastern Time.

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

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services 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? January 6^th at 4:30am Eastern Time.

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

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

It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation.

When? January 6^th at 3:15am Eastern Time.

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

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Other top stories:

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The Importance of Diversification

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