What is it? Eurogroup meetings are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded.

The Eurogroup coordinates economic policies of the 19 euro area member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health.

When? March 9^th all day long.

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

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During today’s early trading session, Asian stocks traded higher after the European Central Bank’s press conference. ECB’s President, Mario Draghi laid out details of the quantitative easing program which is to start on March 9th. Implementing stimulus measures in the Eurozone, will drive market spectators to the stock market and in turn weaken the Euro. Elsewhere, shares in China rose following comments by Minister of Finance, Lou Jowei, he stated that he will increase the intensity of fiscal policy to ensure economic growth”.

During the European session, the Euro continues to drop sharply against the Dollar and has now reached its lowest level in over 11 years. The weaker Euro is an expected move following Thursday’s ECB press conference, ECB President Mario Draghi announced that €60 Billion a month of asset purchases will begin on March 9th. Following the details of the quantitative easing programme, European shares remain higher as the Euro declines.

During early U.S. trade, the Dollar is rallying against a basket of major currencies ahead of the Nonfarm Payrolls release later today. It is expected that 240,000 people were employed during the month of February. The U.S. unemployment rate will also be released, expected to have risen by 5.6%. Better than forecasted figures could influence the Fed to increase interest rates sooner.

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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) 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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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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