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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) More Stimulus?

There's a slim chance the ECB will use its last meeting of the year to announce more help for the stagnant Eurozone economy. More likely is a strong hint, perhaps even a promise, from President Mario Draghi of more action to come early in 2015.

The central bank will cut its forecasts for Eurozone growth and inflation at Thursday's meeting.

Most major European markets were narrowly firmer in early trading. The euro was becalmed versus the dollar, having lost 10% so far this year to trade at a two-year low.

Asian markets posted clear gains.

2) Oil Prices Steady

After a turbulent few weeks, oil prices look to be stabilizing. US crude futures were slightly higher at nearly $68 a barrel.

The sharp fall this year is damaging high cost producers but generating a windfall for consumers and drivers. Gas prices for a lucky few have even fallen below $2 a gallon.

3) Stock Market Movers

General Motors: Shares in GM (GM) were trading about 2% firmer premarket. News about GM has improved recently after a months of damaging recall headlines.

4) Futures Flat

US stock futures were little changed. US stocks rose to new record highs again Wednesday.

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? December 4^th at 10:00am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the CAD 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? December 4^th at 8:30am Eastern Time.

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

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What is it? It's the primary method the ECB uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

When? December 4^th at 8:30am Eastern Time.

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

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What is it? It checks the interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? December 4^th at 7:45am Eastern Time.

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

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What is it? It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

When? December 4^th at 7:00am Eastern Time.

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

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4 Tips for Today's Trading - 03/12

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