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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 market movers
It's a big day for the financial sector, with Citigroup (C) and Goldman Sachs (GS) reporting ahead of the open. American Express (AXP) will report after the close.
Etsy (ETSY) will start trading Thursday on the Nasdaq. It priced its initial public offering at $16 a share Wednesday, the high end of its expected range.
Watch out for Netflix (NFLX, Tech30) shares today: the stock is rallying nearly 12% premarket following a surge in after-hours trading as the firm reported it added 4.9 million members during the first quarter.
2. Economic updates
The U.S. government will post weekly jobless claims at 8:30 a.m. ET. The Census Bureau will report monthly housing starts and building permits, also at 8:30 a.m. ET.
3. Oil moves
Crude is slipping back in electronic trading to just below $56 a barrel after hitting a 2015 high on Wednesday.
OPEC releases its monthly report March Thursday, on the heels of an update from the International Energy Agency which showed the cartel is fighting hard to keep its share of the world oil market despite last year's price slump.
4. Leaders gather
The G20 finance ministers and central bank governors gather in Washington ahead of meetings of the World Bank and the IMF.
Greece is also in town. Finance Minister Yanis Varoufakis will attend the White House Greek Independence Day reception today ahead of crucial talks between creditors next week.
The cash-strapped country, which had its credit rating downgraded by S&P again on Wednesday, must present reform proposals to its international backers by the end of the month or risk default and exit from the euro. Germany is again talking tough: Finance Minister Wolfgang Schäuble said it was unlikely Europe would reach a deal with Athens next week, according to reports. And investor nerves are showing, with Greek bond yields rising strongly Thursday.
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What is it? It checks the level of a diffusion index based on surveyed manufacturers in Philadelphia.
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? April 16th at 10:00am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
When? April 16th at 8:30am Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.
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What is it? It checks the annualized number of new residential building permits issued during the previous month.
It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
When? April 16th at 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
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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