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

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

When? January 9th at 8:30am Eastern Time.

 

 

Trading Tip: If the number is higher 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? January 9th at 8:30am Eastern Time.

 

 

 

Trading Tip: If the 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? January 9th at 8:30am Eastern Time.

 

 

Trading Tip: If the 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? January 9th at 8:30am Eastern Time.

 

 

Trading Tip: If the 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 inflation-adjusted value of output produced by manufacturers.

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? January 9th at 4:30am Eastern Time.

 

 

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

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US markets climbed, marking their first increase of 2015. Data continued to show improvement in the labour market with the ADP Nonfarm Employment Change showing that 241,000 jobs were created last month. The FOMC meeting minutes were also released and showed that it is unlikely that interest rates will be increased before April. The minutes also showed that the Fed believes that lower oil prices will be a net positive for the economy and the labour market. Overall, no new information was released and the market welcomed the ‘patient’ stance.

Asian markets were mostly higher across the region.  The Nikkei added 1.67% as the Dollar climbed against the Yen reaching 119.8 by the end of the Asian session.

European markets are higher today due to strong speculation that the European Central Bank will add stimulus to the economy.  This is taken as a positive for equities as more liquidity enters the market. Positive Retail Sales data was also released from the Euro zone.

Oil dropped to its lowest price since April 2009 at $46.75/barrel. However, later in the day, the EIA released data showing that inventories declined by 3 million barrels over the past week. This came a day after the API reported that inventories declined by 4 million barrels and pushed the price up slightly to a high of $49.5/barrel. It is likely we could see the pair drop down but for now volatility is low.

Gold dropped as the stock market rallied and oil prices rebounded from their 5 year low. Positive data from the US also boosted the Dollar, pushing the metal back down. Today, the price rebounded upwards following worse than expected Initial Jobless Claims data. 

Traders should focus on the NFP report and Unemployment rate being released from the US tomorrow.

 

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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) Stocks Are Rising

US stock futures are rallying as investors cheer the latest economic assessment from the Federal Reserve.

According to minutes released Wednesday from the Fed's December meeting, the central bank is predicting solid economic momentum in the coming year, despite concerns about global risks.

Major European markets are rising by more than 1% as traders expect the European Central Bank will be forced to pump money into the system soon to prevent a vicious circle of deflation and recession. Steadying oil prices are also supporting the markets. Oil is trading around $49 per barrel.

Over in Asia, most markets closed the day with gains.


2) The Latest Economic Data

The Bank of England is set to release its latest interest rate decision Thursday. It is expected to keep interest rates unchanged at record low levels.

Meanwhile, official data on eurozone business sentiment will be released in the morning, alongside the latest data on Greek unemployment.

In the US, the Department of Labor will post weekly jobless claims at 8:30am ET.


3) Stock Market Mover -- Tesco

Shares in British grocery giant Tesco (TSCDY) are surging by 7% after the firm reported its latest quarterly results.

Tesco said its business was improving. It also announced it would be closing 43 unprofitable stores and moving its headquarters to help save the company about £250 million ($376 million) per year.


4) Wednesday Market Recap

The Dow Jones industrial average gained 213 points, while the S&P 500 rose 1.2% and the Nasdaq closed 1.3% higher. This follows a string of heavy losses over the previous trading sessions

 

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.

When? January 8th at 8:30pm Eastern Time.

 

 

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

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What is it? It checks the change in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

When? January 8th at 7:30pm Eastern Time.

 

 

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

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