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

1) Swiss Stun Markets

The Swiss central bank removed its exchange rate ceiling of 1.2 Swiss francs to the euro, a cap introduced in 2011 during the Eurozone crisis to limit the flow of cash into the traditional safe-haven economy.

The franc surged against the euro, US dollar and UK pound on the news, despite a simultaneous announcement that key Swiss interest rates were being cut to minus 0.75%.

"This exceptional and temporary measure protected the Swiss economy from serious harm," the central bank said in a statement. "While the Swiss franc is still high, the overvaluation has decreased as a whole since the introduction of the minimum exchange rate. The economy was able to take advantage of this phase to adjust to the new situation."

2) Earnings and Economics

The market mood could swing again based on the latest set of earnings.

On the economic front, the US government will report weekly jobless claims at 8:30am ET. Official data on producer prices in December will also come out at the same time.

3) Bankruptcies

Failing companies may also grab attention Thursday. RadioShack (RSH) is reportedly preparing to file for bankruptcy. The filing could come during the first week of February, according to the Wall Street Journal. RadioShack declined to comment.

Meanwhile, the operating unit of Caesars Entertainment (CZR), the owner of Caesars Palace casinos, has filed for Chapter 11 bankruptcy.

Shares in Caesars have dropped by nearly 20% since the start of this month.

4) India Cuts Rates

The Reserve Bank of India unexpectedly cut key lending rates on Thursday in an effort to boost growth in the Asia's third-largest economy.

The central bank was not scheduled to issue a rate decision, and the move took economists and analysts by surprise. The Mumbai Sensex index shot up by 3%

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What is it? German Bank President, Wedimann, is due to deliver a speech titled "2015 - The Outlook for the New Year," in Berlin.

ECB Governing Council members vote on where to set the Eurozone's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

When? January 15^th at 11:15am 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? It checks the level of a diffusion index based on surveyed manufacturers in Philadelphia.

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? January 15^th 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? 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? January 15^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 change in the price of finished goods and services sold by producers.

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

When? January 15^th 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 checks the London interest rate for 3-month Swiss franc deposits.

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? January 15^th at 4:30am Eastern Time.

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

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US markets dropped after a volatile session. Falling oil prices continued to hit sentiment. Losses were seen despite the release of positive labor data. JOLTS Job Opening showed that 4.972 million jobs were available at the end of November.

Asian markets dropped across the region. A report was released from the World Bank stating that the global growth forecast for 2015 was downgraded from 3.4% to 3% due to weakness in emerging markets. The report knocked investor confidence triggering a selloff in the market.

European markets are lower today after the World Bank’s report highlighted that the Euro zone is a threat to global growth. Losses could be greater but a report was also released that showed the European Court of Justice gave a green light to the European Central Bank’s asset purchasing program.

Oil reached a new 6 year low as the United Arab Emirates and Kuwait both downgraded their predictions for the global outlook for 2015. The API also reported that inventories climbed by 3.9million barrels over the past week. The World Bank also hit sentiment as they reduced demand for the commodity by downgrading the outlook for the global economy. The price rebounded slightly today but following a report from the EIA which showed inventories climbed by 5.389million barrels we could see it drop back down.

Gold climbed above $1,240/ounce as demand for safe haven assets increased on the back of oil prices. A downwards correction was seen but the price moved back up after weaker than expected Retail Sales data. As the metal showed little reaction to the World Bank’s report we can infer that it won’t move much higher and so we expect it to trade sideways.

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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) Commodities Take a Beating

Prices for most major commodities -- including gold, silver, nickel and zinc -- are falling, but copper prices are taking the biggest tumble.

US copper futures are down 6% early Wednesday. Prices have fallen by about 15% since the start of the year. Oil prices continue to drop.

 2) Stocks in the Red

US stock futures are firmly in negative territory.

Major European markets are all declining by about 1% in early trading, with mining companies taking a major beating. Asian markets ended with losses.

3) Earnings and Economics

JPMorgan Chase (JPM) and Wells Fargo (WFC) will report quarterly earnings before the opening bell.

Burberry (BURBY) just provided a quarterly trading update in London, reporting sales surged in the last three months of 2014. But the company also noted that Hong Kong sales were disrupted by last year's pro-democracy protests.

On the data front, the Census Bureau will report December's retail sales number at 8:30am ET.

At 2:00pm the US Federal Reserve will release its latest Beige Book.

4) Tuesday Market Recap

Tuesday was the third consecutive day of declines in the stock market. Stocks had originally jumped in the morning but then fell back to earth.

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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? January 14^th at 7:30pm Eastern Time.

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

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