During today’s early trading session, Asian stocks traded lower after weak Japanese data showed a decline in the difference between exported and imported goods, furthermore, the yearly and fourth quarterly GDP figures also showed lower than expected figures adding to concerns that Japan could struggle to reach their inflation target of 2%. Tomorrow, China will release more data including the yearly CPI, if the report is positive than this could push the price of gold up in the short term.

During the European session, the EUR/USD retreated slightly from 11 and a half year lows, however, the pair is trading with little volatility after Friday’s slump following the release of positive U.S. data. The Nonfarm Payrolls showed that 295,000 jobs were added during the month of February, far higher than the expected figure of 240,000. Today, the ECB started its €60 Billion a month bond buying program which could keep the Euro trading lower against a basket of major currencies, and push investors towards the stock market. Traders are now awaiting the outcome of the Greek bailout agreement as finance ministers hold talks later today.

During early U.S. trade, the Dollar remains supported against major currencies after Friday’s strong U.S. jobs report. The significantly stronger Nonfarm payrolls renewed expectations that the Fed is to raise interest rates mid year as the American economy continues to show improvement. USOil jumped at the open of Wallstreet, as the market reacted to data showing that the number of Crude stockpiles rose less than expected last week, the commodity is currently trading above $50/barrel.

 

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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:

 

Watching the Apple Watch

Apple (AAPL, Tech30), the most valuable company on the planet, is holding an event in San Francisco Monday afternoon where CEO Tim Cook is expected to reveal the last remaining details about the Apple Watch.

Wall Street will be watching the announcement closely, and trading in Apple shares could be more volatile than normal.

 

"Making it rain" in Europe

The European Central Bank is "making it rain" as it begins printing €60 billion per month to boost the regional economy and lift inflation.

The stimulus program is similar to the U.S. Federal Reserve's quantitative easing program, which helped lift America out of the Great Recession by pumping money into the economy.

 

Greek debacle continues

Eurozone finance ministers meet again Monday to discuss Greece's future.

The heavily indebted country has proposed a number of measures to ensure it continues to receive loan money from its European partners for the next few months, but the government's proposals have faced criticism for falling short of expectations.

Greece needs the European support in order to keep paying its bills and debts. Otherwise, it could be forced to print its own currency and quit the euro.

 

Stock market overview

U.S. stock futures are shifting lower and European markets are all falling in early trading. Nearly all Asian markets ended with losses.

The mood is negative as investors consider the prospect that the Fed will have to raise rates soon in the light of data showing the job market continues to improve.

On Friday, U.S. stocks took a dive after the government released monthly jobs data for February. 

 

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.

When? March 9th at 9:30pm Eastern Time.

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

 

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What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.

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? March 9th at 8:30pm Eastern Time.

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

 

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What is it? Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded.

The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health.

When? March 9th all day long.

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

 

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During today’s early trading session, Asian stocks traded higher after the European Central Bank’s press conference. ECB’s President, Mario Draghi laid out details of the quantitative easing program which is to start on March 9th. Implementing stimulus measures in the Eurozone, will drive market spectators to the stock market and in turn weaken the Euro. Elsewhere, shares in China rose following comments by Minister of Finance, Lou Jowei, he stated that he will increase the intensity of fiscal policy to ensure economic growth”.

During the European session, the Euro continues to drop sharply against the Dollar and has now reached its lowest level in over 11 years. The weaker Euro is an expected move following Thursday’s ECB press conference, ECB President Mario Draghi announced that €60 Billion a month of asset purchases will begin on March 9th. Following the details of the quantitative easing programme, European shares remain higher as the Euro declines.

During early U.S. trade, the Dollar is rallying against a basket of major currencies ahead of the Nonfarm Payrolls release later today. It is expected that 240,000 people were employed during the month of February. The U.S. unemployment rate will also be released, expected to have risen by 5.6%. Better than forecasted figures could influence the Fed to increase interest rates sooner.

 

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