What is it? It's a leading indicator of economic health - manufacturers are quickly affected by market conditions, and changes in their sales can be an early signal of future activity such as spending, hiring, and investment.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD 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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What is it? It's the first indication of the employment situation, released a month earlier than the Unemployment Rate. Source changed series calculation formula as of Jun 2015. 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 4:30am Eastern Time.

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

 

 

 

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What is it? Data represents the 3-month moving average compared to the same period a year earlier. A figure that excludes bonuses is also released, but not included for lack of significance. Source changed series calculation formula as of Jan 2010. It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? At 4:30am Eastern Time.

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

  

 

 

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What is it? Source does not give an exact start time - the event will be listed as 'Tentative' until the press conference begins. It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

When? Tentative

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

 

 

  

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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:

 



Markets are looking calm Tuesday though a landmark deal on Iran's nuclear program is hitting oil prices.

European markets slipped and U.S. stock futures were edging lower.

 


 

1) Iran deal

Iran and the West have ended long-running negotiations with a deal that will lift sanctions in exchange for curbs on Tehran's nuclear program.

Sanctions have hobbled Iran's economy and restricted oil production and exports, and the country is eager to regain its status as a global energy power.

Crude prices slumped 1.8% to just above $51 a barrel in electronic trading as investors reacted to the deal, which could see a flood of new oil supplies from Iran.

 


 

2) Greek bailout

Prime Minister Alexis Tsipras will face disgruntled colleagues and the Greek public as he seeks approval for a new bailout. The deal contains tough new austerity measures and Greek lawmakers will vote on the first package of reforms, which include pension cuts and tax increases, on Wednesday.

The bailout could inject up to $96 billion into the distressed economy, but it's not a done deal yet.

"Getting the deal though parliaments elsewhere in Europe won't be all that easy, but it's in Greece that the fallout could be seen most clearly in the form of new elections," Societe Generale strategist Kit Juckes said.

 


 

3) Earnings and economics

It's a busy day for earnings updates. Wells Fargo (CBEAX), Johnson & Johnson (JNJ) and JP Morgan Chase (JPM) all report ahead of the open. Yum! Brands (YUM) -- which owns Taco Bell, Pizza Hut and KFC -- will report after the close. Its stock is up 25% this year, but analysts forecast a 12% drop in the restaurant company's earnings.


 

4) Market movers

 

Chinese state-owned firm Tsinghua Unigroup is preparing a $23 billion bid for U.S. chipmaker Micron, the Wall Street Journal reported on Tuesday. Micron (MU) shares were up 10% in premarket trading.

  

 

 

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? Tentative

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

 

 

 

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What is it? Data represents the quarterly value compared to the same quarter a year earlier. Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment. It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 10:00pm Eastern Time.

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

  

 

 

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What is it? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? At 08:30am Eastern Time.

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

  

 

 

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