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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? April 30^th 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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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Earnings and economics

Earnings season continues in full swing with Time Warner Cable (TWC) and Exxon Mobil (XOM) reporting ahead of the open. Expedia (EXPE), LinkedIn (LNKD, Tech30) and Visa (V) will report after the close.

On the economic front, the U.S. government posts weekly jobless claims at 8:30 a.m. ET. It will also report personal income and spending numbers at 8:30 a.m. ET.

2. Oil climbs

Crude futures ticked up 1% in electronic trading to hover just above $59 a barrel. Oil is trading at its highest level this year, helped along by a weaker than expected U.S. supply report on Wednesday.

3. International markets

European markets are heading south in early trading, with France's CAC index down 0.8%. Shares in oil giant Shell (RDSA) rose 1.7% in London after its first quarter profit result beat analysts’ expectations. Telecoms equipment maker Nokia (NOK) disappointed investors with its first quarter earnings -- the stock tanked 9%.

Asian markets ended the session lower. Japan's Nikkei tumbled 2.7% after the central bank left its policy unchanged.

4. Wednesday market recap

It was a soggy session across U.S. markets, with the Dow Jones industrial average losing 75 points, while the S&P 500 fell 0.4% and the Nasdaq closed 0.6% lower.

Still, major U.S. indexes are on track for slim gains for April.

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Japanese markets were closed today due to a public holiday, however, stocks in China closed higher as investors sentiment was boosted over expectations of higher returns on dividends. The index share average was led by gains in the Technology and computing software sectors. The Shanghai Composite Index was slightly up by 0.01%. Following the release of positive data from New Zealand, the NZD is trading with Bullish sentiment against a basket of major currencies. The Exports, Imports, monthly and yearly Trade Balance all beat analysts’ expectations. More data from New Zealand data will be release later this evening, including, the Interest rate decision and RBNZ Rate statement.

During the European session, the Euro was trading higher against a basket of major currencies as developments were made in Greece over the country’s debt bailout agreement. Officials handed the responsibility of the reforms to Deputy Foreign Minister Euclid Tsakalotus and limited the role of Finance Minister Yaris Varoufakis.

At the open of the U.S. session, the Euro strengthened further against the Dollar and has reached its highest level since March 1st. Sentiment weighed on the USD following the release of data out of the states. The GDP Price Index declined 0.1%, analysts were expecting an increase of 0.5%, more importantly, and the GDP for the first quarter grew just 0.2%, below the forecast figure of 1.0%. This negative data added to concerns that the Central bank may further delay an interest rate hike.

Market spectators are now awaiting the FOMC Statement and interest rate decision taking place at 19:00 GMT.

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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. Earnings season

Fiat-Chrysler (FCAU), MasterCard (MA) and Time Warner (TWX) are due to deliver results ahead of the open.

Baidu.com (BIDU, Tech30) and Yelp (YELP) are among the firms reporting after the close.

Twitter (TWTR, Tech30) surprised the market with the early release of its quarterly results on Tuesday after they were leaked...on Twitter. Sales were down, but earnings were better than Wall Street expected. Shares were steady premarket after falling sharply following the earnings release.

2. Economics updates

Investors will get a glimpse as to where the U.S. economy stands when the government releases its first look at gross domestic product at 8:30 a.m. ET. Economists expect the data to show growth slowed in the first quarter of the year.

The Federal Reserve will conclude its two-day meeting on monetary policy and release its monthly statement at 2 p.m. ET. All eyes will be on chair Janet Yellen for any clues as to when the Fed will start hiking interest rates.

3. Dollar dips

The U.S. dollar is declining versus the euro and British pound ahead of the Fed's statement. The greenback has lost ground against major currencies in recent weeks as expectations for a hike in interest rates have been pushed back.

CMC chief markets analyst Michael Hewson said recent signs of softness in the U.S. economy have "raised expectations that any move on rates by the Fed could well be deferred, and this in turn has weakened the U.S. dollar."

4. International markets overview

European markets are dipping in early trading, though luxury goods maker Hermes (HESAF) rose nearly 3% in France after reporting a lift in quarterly sales.

Asian markets ended in the red. Japan's Nikkei was closed for a holiday.

Samsung (SSNLF) shares bucked the downward trend with a 1.4% gain in South Korea after its earnings update revealed some signs of recovery for the troubled electronics maker.

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What is it? It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

When? April 29^th at 2:00pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.

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What is it? It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? April 29^th at 9:30pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.

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