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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in 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? April 22^nd at 9:45pm Eastern Time.

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

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21

Apr

Three things you should do when trading with indictors:

During the early trading session, Asian stocks traded higher as investors await earnings reports from major automakers and electronics manufacturers. Forecasts for Toyota predict EPS for the quarter is $2.59, up from the EPS for the same quarter last year, profits are also expected for Nissan Motor Corporation. The Nikkei share average was up 1.4%, closing at 19,909. Following the Reserve Bank of Australia Meeting Minutes, the AUD strengthened against a basket of major currencies. Official board members had voted to keep the current interest rate unchanged and acknowledged that the current monetary policy is supporting the economy.

At the open of the European trading session, the Euro traded lower as Greek concerns continued to weigh on sentiment. Greece is yet to reach an agreement on the current bailout with its creditors, if economic reforms are not laid out, then the country could go into default. Following mixed European data the EUR/USD is trading with high volatility and bullish sentiment. The German ZEW Economic Sentiment came out negative with a reading of 53.3, lower than the expected figure of 55.3, however, the Eurozone ZEW Economic Sentiment showed a higher than expected reading of 64.8. The pair is currently trading above 1.073.

During early U.S. trade, the Dollar rallied against the CAD following negative data from Canada. The Wholesale sales for the month of February showed a sharp decline of 0.4%, analysts had expected a rise of 0.5%.

Traders are awaiting a number of important releases tomorrow, including, the Australian first quarterly CPI figures, the UK BoE MPC Meeting Minutes and the U.S. monthly Existing Home Sales.

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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. Perky stocks

There's a feeling of confidence in the markets right now.

U.S. stock futures are pushing up, European markets are all rising in early trade and many Asian markets closed the day with big gains.

The main Chinese indexes all surged by about 2% to 4% Tuesday, recovering from a sharp drop Monday.

The latest reading from CNNMoney's Fear & Greed Index shows investors are feeling increasingly greedy.

2. Endless earnings

We're in the middle of earnings season and many big companies are reporting Tuesday.

Harley-Davidson (HOG), Lockheed Martin (LMT), Under Armour (UA), Verizon (VZ, Tech30) and Kimberly-Clark (KMB) are reporting ahead of the open.

Chipotle (CMG), Yahoo (YHOO, Tech30), and YUM Brands (YUM) will report after the close.

British-based tech firm ARM Holdings (ARMH, Tech30) reported a double-digit surge in revenue and earnings, which impressed investors. Shares are up about 6% premarket.

Meanwhile, shares in Credit Suisse (CS) dipped by about 3% in Europe. The bank's quarterly numbers were solid but investors are still not entirely happy with its financial strength. A key metric tracking the bank's capital levels has deteriorated.

"The issue today will be capital for a bank where concerns linger," said Jefferies analyst Omar Fall.

3. Greece is the word

While European markets are making gains Tuesday, concerns about Greece remain in the back of everyone's minds.

On Monday, the Greek government asked all public sector organizations to hand over their cash reserves, just in case it needs to borrow the money.

This is the latest indication that the government is running short of money to service its debts and pay wages and pensions.

"Several very large payments are due at the end of April and in May, which are making people nervous about the prospect of default," said Angus Campbell, senior analyst at FxPro.

If Greece defaults on its debt, the country may be forced to start printing its own money and abandon the eurozone, which would cause a wave of uncertainty. The euro was 0.7% weaker against the dollar.

4. Monday market recap

Wall Street posted a solid performance Monday. The Dow Jones industrial average rose by 209 points, the S&P 500 edged up by 0.9% and the Nasdaq gained 1.3%. That followed a sharp drop Friday.

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Other top stories:

6 Top Reasons Traders Fail - Why You Need Signals

All Your Brokers and Signals in 1 Place - Binary Trade Center

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

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