TOOLS TRADES - How To Articles

Mar

4 Tips for Today’s Trading - 06/03

: Donald Herison; English; SCHOOL; 06 March 2015; 06

Mar; 10 February 2016; Hits: 2641

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

1) Jobs Report

The Labor Department is posting its monthly jobs report at 8:30 a.m. ET.

Economists surveyed by CNNMoney predict that 235,000 jobs were created in February, down from 257,000 the month before. They are expecting the unemployment rate to edge down to 5.6% from 5.7% in January.

While the U.S. economy is creating more jobs overall, there's concern about the energy sector. Companies have been slashing jobs as oil prices have fallen.

Another key number to watch Friday is average hourly wage growth. In January, American wages were only going up 2.2% annually -- far below the goal of 3.5%.

2) Placid Markets

U.S. stock futures are relatively flat, which is normal ahead of the jobs report.

European markets are mixed in early trading. Asian markets also ended with mixed results. The biggest mover was the Nikkei in Japan, which jumped 1.2%.

3) Stock Market Movers -- Bank of America, Thomas Cook

Share in Bank of America (BAC) are edging up premarket after the Federal Reserve gave the bank, and 30 other major players, a clean bill of health following its latest stress tests. It's worth keeping an eye on other bank stocks, particularly Citigroup (C), which may now be able to hike its dividend and launch a share buyback.

Shares in travel company Thomas Cook (TCKGY) are surging in London by about 16% after China's Fosun International (FOSUF) announced it had bought a 5% stake in the firm, worth about £92 million ($140 million).

4) Earnings and Economics

Staples (SPLS), Big Lots (BIG) and Foot Locker (FL) are reporting ahead of the open.

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Mar

Unemployment Rate (USD) – 06/03

: Donald Herison; English; ANNOUNCEMENTS; 06 March 2015; 06

Mar; 10 February 2016; Hits: 1081

What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

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? March 6^th 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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Mar

Trade Balance (CAD) – 06/03

: Donald Herison; English; ANNOUNCEMENTS; 06 March 2015; 06

Mar; 10 February 2016; Hits: 1202

What is it? It checks the difference in value between imported and exported goods during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? March 6^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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