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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) Earnings

Some of the big names reporting earnings before the opening bell include AOL (AOL, Tech30), AstraZeneca (AZN), Cablevision (CVC), and DirecTV (DTV). Walt Disney (DIS) and Zynga (ZNGA) will post after the close.

In Europe, investors will be parsing through earnings from Adidas (ADDYY), Commerzbank (CRZBY), Siemens (SIEGY) and fashion brand Hermes (HESAY).

2) Oil

OPEC will present its World Oil Outlook at 8:30am ET. Traders are hoping it will give more insight into long term plans for oil production and prices.

Crude oil prices have fallen by about 26% since the middle of June and are currently trading below $79 per barrel in New York, which is squeezing many nations that depend on energy exports.

3) Economics

There's a focus on US jobs this morning. The US government will post weekly jobless claims at 8:30am ET. The Challenger Job Cuts report for October will also be out at 7:30am.

Central banks are also top of mind: Traders are waiting on the European Central Bank to issue its latest monetary policy decision at 7:45am ET and hold a news conference at 8:30am.

The Bank of England will also issue its policy decision this morning.

4) International Markets Overview

All the major European markets were declining in early trading.

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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? November 6^th at 10:00am Eastern Time.

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

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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? November 6^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? November 6^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? ECB President and Vice President speaks.

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? November 6^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 change in the total value of new building permits issued.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

When? November 6^th at 8:30am Eastern Time.

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

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4 Tips for Today's Trading

The Importance of Diversification

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

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