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What is it? The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility.

When? All Day

Trading Tip: This announcement can greatly affect all currencies so make sure to follow it!

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What is it? Trade in goods makes up about 75% of total trade, and therefore provides early insight into the Trade Balance data reported about 5 days later. A positive number indicates that more goods were exported than imported. Source first released in Jul 2015.

When? 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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1. U.S. stocks rose sharply on Thursday, a day after posting their biggest one-day gain in four years, as data showed the U.S. economy grew faster in the second quarter than initially thought.

2. The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.

3. The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market.

Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 271,000 for the week ended Aug. 22, the Labor Department said on Thursday

4. The dollar extended gains against against the other major currencies on Thursday, after data showed that the U.S. economy grew more than initially estimated in the second quarter, boosting optimism over the health of the economy.

5. Crude oil futures rallied sharply on Thursday, as appetite for riskier assets improved amid a global stock market rally.

Crude oil for delivery in October on the New York Mercantile Exchange surged $1.46, or 3.78%, to trade at $40.06 a barrel during U.S. morning hours.

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Investors may be suffering from whiplash but they should get some more pain relief Thursday.

U.S. stock futures were pushing higher, and global markets were bouncing as panic over China's stock market crash eased.

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

1) Global markets rally

Markets around the world rebounded after days of wild trading. China's benchmark Shanghai Composite jumped 5.3%, and Japan's Nikkei index closed up 1.5%. European markets notched solid gains in early trading.

Worries about Chinese growth and huge falls on its share markets triggered waves of selling around the globe this week, but the panic receded Thursday, helped by soothing words from central bankers.

China slashed interest rates earlier this week, hoping the move would stabilize the economy and ease fears that the country is slowing sharply. 

2) Oil jumps

The positive tone also washed over to crude markets. Oil surged 4% to trade back above $40 a barrel. Concerns about waning demand and oversupply has slugged crude in recent months, and the commodity is down nearly 25% since the start of this year. 

3) Earnings and economics

A slate of companies including Tiffany & Co (TIF), Dollar General (DG), Burlington Stores (BURL) and Michaels (MIK) are reporting quarterly earnings before the open. Gamestop (GME), Ulta (ULTA), and Aeropostale (ARO) are among the firms reporting after the close.

Federal Reserve policymakers kick off their annual meeting in Jackson Hole, Wyoming on Thursday. The three-day affair will be closely watched for hints about when to expect an interest rate hike. New York Fed President William Dudley said Wednesday the case for a September hike had become "less compelling."

Data to watch includes the second estimate of U.S. second quarter GDP, due out at 8:30 a.m. ET. New weekly jobless claims numbers are also out at 8.30am ET. 

4) Market movers

Transocean (RIG) is one stock to keep an eye on Thursday. As crude prices jumped, shares in the oil services firm are rising 4% premarket. Online streaming outfit Netflix's (NFLX, Tech30) stock is also up 4%.

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What is it? The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility.

When? All Day

Trading Tip: This announcement can greatly affect all currencies so make sure to follow it!

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

Follow us and SHARE this story on Facebook: