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


1) Commodities Take a Beating

Prices for most major commodities -- including gold, silver, nickel and zinc -- are falling, but copper prices are taking the biggest tumble.

US copper futures are down 6% early Wednesday. Prices have fallen by about 15% since the start of the year. Oil prices continue to drop.


 2) Stocks in the Red

US stock futures are firmly in negative territory.

Major European markets are all declining by about 1% in early trading, with mining companies taking a major beating. Asian markets ended with losses.


3) Earnings and Economics

JPMorgan Chase (JPM) and Wells Fargo (WFC) will report quarterly earnings before the opening bell.

Burberry (BURBY) just provided a quarterly trading update in London, reporting sales surged in the last three months of 2014. But the company also noted that Hong Kong sales were disrupted by last year's pro-democracy protests.

On the data front, the Census Bureau will report December's retail sales number at 8:30am ET.

At 2:00pm the US Federal Reserve will release its latest Beige Book.


4) Tuesday Market Recap

Tuesday was the third consecutive day of declines in the stock market. Stocks had originally jumped in the morning but then fell back to earth.

 

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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.

When? January 14th at 7:30pm Eastern Time.

 

 

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

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What is it? It checks the change in the number of employed people during the previous month.

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? January 14th at 7:30pm Eastern Time.

 

 

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

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What is it? Governor Carney is due to testify on the Financial Stability Report before the Treasury Select Committee, in London.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? January 14th at 9:15am Eastern Time.

 

 

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

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What is it? It checks the change in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

When? January 14th at 8:30am Eastern Time.

 

 

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

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What is it? It checks the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? January 14th at 8:30am Eastern Time.

 

 

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

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Other top stories:

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The Importance of Diversification

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

 

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