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

 

 

Markets are looking perky after Greece moved one step closer to securing a massive new bailout.

Global markets are rising and U.S. stock futures were also pushing higher.

 


 

1) Greece votes "Yes"

The Greek parliament backed sweeping economic reforms needed to access a much-needed bailout worth up to $96 billion, after lengthy debate on Wednesday. Fiery protests erupted in Athens ahead of the vote on the measures, which were broadly rejected by the Greek people in a referendum earlier this month.

Now lawmakers in several eurozone parliaments -- including Germany's on Friday -- must approve the bailout plan.

And here's what to look out for Thursday: European finance ministers will discuss a short-term cash injection for Greece to keep it afloat while the bailout details are negotiated, and the European Central Bank will discuss whether to provide more support for Greece's cash-starved banks.

 


 

2) Earnings & economics

Earnings reports are pouring in today. Citigroup (C), Goldman Sachs (FADXX) and UnitedHealth (UNH) post quarterly reports before the market opens. Domino's Pizza (DPUKY) and eBay (EBAY, Tech30) are also expected to report this morning.

Google (GOOG) will deliver its earnings after the close.

The U.S. labor department releases weekly unemployment claims data at 8:30 a.m. ET. Recent reports show unemployment claims are increasing, rising from 15-year lows seen earlier this year.

Google (GOOG), LG (LPL) and Barbie-manufacturer Mattel (MAT) are reporting in the afternoon, along with oil field services giant Schlumberger (SLB).

 


 

3) Stock market movers

Watch Netflix (NFLX, Tech30) shares today. Shares are surging 12% premarket after yesterday's impressive earnings report. The internet video streaming company added 3.3 million new customers last quarter, beating its own projection of 2.5 million.

 


 

4) International markets update

Greek optimism is driving European markets higher in early trading. Germany's DAX and France's CAC put on 1.3%. In the U.K., the FTSE index rose 0.6%.

Shares in Rio Tinto (RTNTF) underperformed the broader London market, losing 0.5%, after the miner cut its 2015 guidance for iron ore shipments.

Asian markets ended with gains. Japan's benchmark Nikkei index added 0.7% and China's Shanghai Composite put on 0.5%.

 

 

 

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What is it? 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. A survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions.

When? At 10:00am Eastern Time.

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

 

 

 

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What is it? Fed Chair Feb 2014 - Feb 2018. Fed Governor Oct 2010 - Jan 2024. The testimony usually comes in 2 parts: first she reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility.

When?  At 10:00am Eastern Time.

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

 

 

 

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What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.

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? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher 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? 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? The rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later. Source changed release frequency from monthly to eight times per year as of Jan 2015. 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? At 7:45am Eastern Time.

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

 

 

 

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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. 

When? All Day

Trading Tip: This announcement can greatly affect the EUR so make sure to follow it!

 

 

 

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1. Federal Reserve Chair Janet Yellen said on Wednesday the U.S. central bank remains on track to raise interest rates this year, with labor markets expected to steadily improve and turmoil abroad unlikely to throw the U.S. economy off track.

"If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate," Yellen said in testimony prepared for the U.S. House of Representatives Financial Services Committee, affirming the view of a central bank prepared to gradually raise rates after more than six years at a near-zero level.

2. The dollar turned broadly higher against a basket of other major currencies on Wednesday, after Federal Reserve Chair Janet Yellen said the central bank is on track to raise interest rates "before year end."

In prepared remarks released before her testimony to the House Financial Services committee, Fed Chair Yellen said that the Fed is likely to raise rates "at some point this year." She added that the U.S. labor market healthier but "still some slack."

3. The Canadian dollar fell to six-year lows on Wednesday after the Bank of Canada cut its overnight rate and lowered its growth forecast for this year, largely due to a weaker outlook for business investment in the energy sector.

USD/CAD jumped 1.56% to 1.2926, the most since March 2009 from around 1.2787 ahead of the announcement.

4. Prime Minister Alexis Tsipras battled to win lawmakers' approval on Wednesday for a bailout deal to keep Greece in the euro, while the country's creditors, pressed by the IMF to provide massive debt relief, struggled to agree a financial lifeline.

 

 

 

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