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? February 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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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.

When? February 6^th at 8:30am Eastern Time.

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

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What is it? It checks the change in the number of employed people during the previous month.

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? February 6^th 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? It checks the change in the total value of new building permits issued.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

When? February 6^th 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? It checks the total value of foreign currency reserves held by the SNB.

It provides insight into the SNB's currency market operations, such as how actively they are defending the franc's exchange rate against the euro.

When? February 6^th at 3:00am Eastern Time.

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

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During Today’s early trading sessions, Asian markets traded lower despite upbeat earnings reports from Toyota and Sony.

European stocks are trading slightly lower today after concerns over Greece re-emerged. The European Central bank stated it would no longer accept Greek bonds as a means for banks seeking funds.

During early American trade the US released mixed data showing better than expected figures for Initial Jobless claims and Unit Labor costs, however, the Trade balance and Nonfarm Productivity came out negative. US stocks are slightly up as the price of oil gains ground after Chinas central bank said it is to increase liquidity into the economy. 

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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) Greek Drama Rattles Europe

The main stock market index in Greece is getting pummeled and the rest of Europe's stock markets are down after the European Central Bank said late Wednesday that it would no longer accept Greek government bonds as collateral.

"In short, the ECB has commenced cutting off Greece's cash lifelines," explained Mike O'Rourke, chief market strategist at JonesTrading.

Greece's new government has been suggesting different ways for it to repay its massive bailout debts to its European partners, but the ECB move shows it faces an uphill battle.

Market watchers continue to warn that a Greece exit from the Eurozone is still in the cards.

2) US Premarket Moves

US stock futures are relatively steady ahead of the open. All the major US indexes took a small tumble in late dealing Wednesday in reaction to the ECB announcement.

3) Earnings and Economics

Dunkin Brands (DNKN) and Michael Kors (KORS) are among the key companies reporting results before the opening bell.

Yum! Brands (YUM) -- the company that owns KFC, Pizza Hut and Taco Bell -- just reported results that showed the firm is still struggling in China after being slammed by a food scandal last year.

Twitter (TWTR, Tech30), LinkedIn (LNKD, Tech30), GoPro (GPRO), and News Corp (NWS) will report after the close.

The US government will post weekly jobless claims at 8:30am ET. December's trade balance will also come out at the same time.

4) Stock Market Movers -- Keurig, Fox, BT, Sony

Shares in Keurig Green Mountain (GMCR) fell in extended trading after the company said it had a weaker than expected holiday season.

Watch trading in 21st Century Fox (FOX), which could be on the move after the company reported earnings late Wednesday. The results impressed Wall Street, but CEO Rupert Murdoch delivered an apology to investors about poor ratings at Fox.

Shares in BT (BT) are jumping in London by about 5% after the company agreed to pay £12.5 billion ($19 billion) to buy mobile operator EE.

Sony's (SNE) stock soared 12% in Tokyo after the company reassured markets that last year's cyberattack would not have a significant impact on earnings.

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What is it? It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

When? February 5^th at 7:30pm Eastern Time.

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

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What is it? It checks the number of individuals who filed for unemployment insurance for the first time during the past week.

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? February 5^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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