What is it? It checks the level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers.

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.

When? April 28th at 9:00pm Eastern Time.

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

 

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What is it? It checks the difference in value between imported and exported goods during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? April 28th at 6:45pm Eastern Time.

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

 

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What is it? It checks the level of a composite index based on surveyed households.

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? April 28th 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? Governor Poloz is due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the House of Commons Standing Committee on Finance, in Ottawa.

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

When? April 28th at 8:45am Eastern Time.

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

 

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During the early trading session, Asian stocks were mostly higher as market spectators looked ahead to Thursday’s Bank of Japan Press Conference. It is expected that further stimulus measures may be introduced. The Hang Seng Index was up 1.33%, Shanghai Composite closed 3.04% higher and the Nikkei share average was slightly down by 0.18%. At the close of the Asian trading session, it was announced that Fitch downgraded Japan’s credit rating to “A” following a review of the government’s fiscal year’s budget. The budget failed to lay out reforms to delay a sales tax increase, it did not approach the level of public debt, decline in growth and the low interest rates. This announcement caused the Dollar to rally as the Yen weakened, the pair is currently trading above 119.

During the European session, the Euro is trading cautiously against the Dollar as traders weigh up the ongoing situation in Greece. The country is yet to reach an agreement with its creditors for a bailout extension, however, developments have been made as officials handed the responsibility of the reforms to Deputy Foreign Minister Euclid Tsakalotus and limited the role of Finance Minister Yaris Varoufakis. If an agreement is not reached in the coming months, then the nation could go into default and may result in the country’s exit from the Eurozone.

During early U.S. trade, the Dollar Index weakened following the release of negative data. The U.S Services PMI for the month of April showed a reading of 57.8, despite the figure indicating improvement, analysts had expected a higher reading of 59.5. American stocks opened higher ahead of the release of Apple earnings, the electronics company is to release their results for the first quarter after the markets close later today. Furthermore, Microsoft shares rallied nearly 3% as the companies earnings beat expectations. Nasdaq is currently 0.39% higher, S&P up 0.27$ and Dow Industrial up 0.33%.

Currency traders are awaiting a number of important releases taking place tomorrow, including, the UK GDP, speech by BoC Gov Poloz, and the U.S. Consumer Confidence.

 

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What is it? Governor Stevens is due to speak at the Australian Financial Review Banking & Wealth Summit, in Sydney.

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

When? April 27th at 6:40pm Eastern Time.

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

 

1. Stock market movers -- Amazon, Google, Microsoft, Juniper Networks, Apple

Investors are cheering after a handful of tech heavyweights reported earnings Thursday evening.

Amazon (AMZN, Tech30) stock is surging -- up about 7% premarket -- after the company reported a big jump in quarterly sales. Despite the higher revenue, the online retail giant ultimately lost money over the first three months of the year.

Shares in Microsoft (MSFT, Tech30) are up about 3% premarket after the company released earnings that beat Wall Street's expectations.

Google (GOOGL, Tech30) shares are rising in extending trading, despite falling short of analysts' expectations.

And Juniper Networks (JNPR) shares are jumping -- up nearly 7% -- after the firm's latest earnings surpassed market expectations.

Meanwhile, it's worth watching trading in Apple (AAPL, Tech30) Friday. The company is beginning to deliver its new Apple Watches today. Some customers are going to have to wait longer for their watches.

 

2. Earnings keep rolling in

American Airlines (AAL), Xerox (XRX) and Steve Madden (SHOO) are reporting ahead of the open.

Regardless of whether the results meet, beat or miss expectations, trading volume is sure to be higher-than-normal for these companies.

 

3. International market overview

European markets are all posting solid gains in early trading. Asian markets ended the day with mixed results.

 

4. Thursday market recap

Thursday was a relatively quiet day.

The Dow Jones industrial average gained 20 points, the S&P 500 rose 0.2% and the Nasdaq closed with a 0.4% gain.

 

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