During today’s early trading session, Asian markets traded higher following the Bank of Japan’s press conference. BoJ officials upgraded its assessment of exports and factory output due to the weaker Yen. The Yen was little changed against a basket of major currencies after the BoJ voted to keep interest rates unchanged as the Japanese economy is expected to continue to make a moderate economic recovery. Japan is to release a number of economic reports later this evening, including the adjusted Trade balance and yearly Exports.

During the European session, the British Pound rallied against the Dollar after a number of strong economic reports.

During today’s early US session, the Dollar traded cautiously against a basket of major currencies due to the ongoing debt situation in Greece. Greece is expected to reach a deal before the current bailout expires on February 28th. Furthermore, a number of negative economic reports were released at the open of the US session, including new Building Permits and the Producer Price Index showed a decline of -0.8%, the expected figure was a decline of -0.4%. American stocks are trading lower ahead of the FOMC meeting minutes later today.

 

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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) Up, Up, Up

Take a look across global equity markets and you'll see a lot of green.

European markets are rising in early trading as reports indicate Greece will ask for a six-month loan extension from its European creditors, which would help it avoid running out of money and stumbling out of the Eurozone.

Some indexes, including the FTSE 100 in London and the Dax in Germany, are trading at or near record highs.

"There is a feeling that a lifeline will be cast out to save the Mediterranean nation," said David Madden, a market analyst at IG.

Asian markets closed with gains. The Nikkei 225 in Japan jumped by 1.2%, putting it at a level not seen since 2007. This came after the country's central bank announced it would continue its massive stimulus program.

Over in the US, stock futures are holding steady.


2) Stock Market Decliners -- Exxon Mobil, Carlsberg

Investors are reacting to new filings that show famed investor Warren Buffett dumped his stakes in oil companies Exxon Mobil (XOM) and ConocoPhillips (COP). Shares in Exxon Mobil are off by about 2% premarket.

Many investors like to follow Buffett's trading strategies, which often create ripple effects across markets.

Meanwhile, shares in Carlsberg (CABGY) are dipping by 2% in Copenhagen after the company announced a fall in annual profits and also said its CEO was retiring. The beer brewer has been facing difficult business conditions in Russia and Eastern Europe.


3) Earnings

Hilton Hotels (HLT) and Hyatt Hotels (H) will report earnings before the opening bell.


4) Economics

The US government is releasing January housing starts and building permit numbers at 8:30am ET.

At 2:00pm the Federal Reserve will release the minutes from its latest monetary policy meeting.

Over in the UK, new figures show the jobs market keeps improving, with unemployment down to 5.7% at the end of 2014.

Russian unemployment figures are also expected sometime after 8:00am ET. Russia has been struggling over the last year with lower oil prices and international sanctions, which have hurt the nation's economy and pummeled the ruble.

 

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What is it? It checks the change in the price of goods and raw materials purchased by manufacturers.

It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer.

When? February 18th at 4:45pm Eastern Time

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

 

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What is it? It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

When? February 18th 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 checks the change in the price of finished goods and services sold by producers.

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

When? February 18th at 8:30am 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 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? February 18th at 8:30am Eastern Time

If the actual number is higher than the forecast, you can expect the USD to rise.

 

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