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It has been a long weekend so there are only four trading days this week, this is what you need to know before the week begins.

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

1) Ready for a rally

U.S. stock futures are set to shoot higher once the trading day begins in New York.

The Dow Jones industrial average, S&P 500 and Nasdaq are all poised to open about 1.8% higher. Stocks like Apple (AAPL, Tech30), PayPal (PYPL, Tech30) and Freeport-McMoRan (FCX) are leading the way with premarket gains of between 2% and 4%.

The positive sentiment comes as Chinese stocks rebound despite disappointing trade data. Most global stock markets are climbing Tuesday. But this follows several tumultuous weeks in the markets which saw wild fluctuations for stocks and oil prices. 

2) Eyes on oil

Crude oil futures are dipping by about 2.5% to trade around $44.90 per barrel Tuesday. The price of crude dropped below $39 per barrel in late August and then quickly shot up to trade near $50 per barrel on the final day of the month. 

3) Weekly market recap

The Dow Jones industrial average and S&P 500 both experienced wild trading jumps and bumps over the previous week. They closed out the five days with a total loss of 2.6%. The Nasdaq dropped by 1.9% over the same period. 

4) European stocks higher

European stocks were sharply higher on Tuesday, led by sharp gains in the financial sector, even after the release of weak export data from China. During European morning trade, the EURO STOXX 50 rallied 1.44%, France’s CAC 40 advanced 1.29%, while Germany’s DAX 30 jumped 1.40%. Data released earlier showed that China's trade surplus widened to $60.2 billion last month from $43.0 billion in July, compared to estimates for a surplus of $48.2 billion. 

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What is it? It's a leading indicator of demand in the housing market - most homes are financed, so it provides an excellent gauge of how many qualified buyers are entering the market.

When? At 9:30pm Eastern Time.

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

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1. U.S Stock Markets are closed due to "Labor Day".

2. German industrial output rose in July at its fastest pace so far this year, data from the Economy Ministry showed on Monday, suggesting Europe's largest economy powered ahead at the beginning of the third quarter. Factories produced 0.7 percent more goods than in the previous month, the ministry said. That was the strongest increase since December, but it missed the Reuters consensus forecast for a 1.0-percent rise.

3. Crude oil futures declined on Monday, as ongoing concerns over the health of the global economy underlined worries over a global supply glut. Trade volumes were expected to remain light on Monday, with U.S. markets closed for the Labor Day holiday.

4. Mining and trading company Glencore (LONDON:GLEN) acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion.

5. The U.S. dollar was almost unchanged against its Canadian counterpart on Monday, as trading volumes were expected to remain thin with markets closed in the U.S. and in Canada for the Labor Day holiday.

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What is it? 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? At 9:30pm Eastern Time.

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

Ask us about our FREE financial advice program: 

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What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 7:50pm Eastern Time.

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

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

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