What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Usual Effect: If the number is higher than expected, you can expect the AUD to rise.

When? October 13th at 8:30pm Eastern Time.

Trading Tip: This announcement can greatly affect the AUD, make sure to make your trades before.

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What is it? ECB president Draghi is due to hold a press conference about the conclusions of the International Monetary Fund's Annual Meeting and associated events, in Washington DC.

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

Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.

When? October 11^th at 12:00pm Eastern Time.

Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.

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US stocks dropped as a result of the IMF announcement that the economy might not recover to the high it was before 2007.

Asian markets also declined across the region. The Nikkei lost 1.15% as the Dollar remained lower against the Yen. European markets are also lower today due to concerns regarding the strength of the European economy.

Oil dropped to its lowest price since 2010 after the EIA reported that inventories increased by 5 million barrels during the past week. Gold climbed to a 2 week high following the IMF Meeting results.

Trading Tip:  As the IMF semi- annual meeting is taking place today and tomorrow we may see Gold move higher in the near term.

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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 Pain to Come? 

European markets were trading weaker as investors remain rattled by a string of poor economic numbers from Germany, and slower global growth. There was more disappointing data Friday, this time from Italy -- the Eurozone’s third largest economy -- where industrial production in August was 0.7% weaker than a year ago.

US stock futures were slipping lower. Asian markets ended firmly in the red.

 2) Rollercoaster Ride

The Dow plunged 335 points Thursday, its worst day of the entire year on a point basis. The wild swing lower followed a sharp jump Wednesday, the best day of the year so far for stocks. Both the S&P 500 and Nasdaq fell more than 2% on Thursday. Investors are about as terrified as they can be right now.

3) Oil Price Plunges

The prospect of weaker global growth is hitting commodity markets hard. Crude oil futures in Europe were trading 1.4% weaker at $89 a barrel, their lowest level in nearly four years. US light crude has lost nearly 18% over the past 12 months.

4) A New Tesla

Tesla (TSLA) has unveiled its model D, a dual motor, all-wheel-drive sedan with mind-bending performance numbers.

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