The stocks in the US continued to drop as a result of speculation that the Federal Reserve may higher interest rates soon.

Markets in Japan and Europe also did poorly today from different reasons. One of the reasons may be that investors are expecting the European Central Bank’s press release. The Yen however got stronger against the Dollar today.

Gold is still trading low but that might change tomorrow when the NFP will release their report.

Trading Tip: There are a lot of important announcements in the next few hours and tomorrow. Follow them and make sure to trade to take advantage of the information.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

Euro Rebounds

Oil Drops Below $90

4 Tips for Today's Trading - 2/10

Follow us and SHARE this story on Facebook/Twitter:

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.

Usual Effect: If the actual number is bigger than the forecast, you can expect the CAD to rise.

When? October 3^rd at 08:30am Eastern Time.

Trading Tip: The announcement can greatly affect the CAD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

Oil Drops Below $90

Unemployment Claims

4 Tips for Today's Trading - 2/10

Follow us and SHARE this story on Facebook/Twitter:

What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the services industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Usual Effect: If the actual number is bigger than the forecast, you can expect the GBP to rise.

When? October 3rd at 04:30am Eastern Time.

Trading Tip: The announcement can greatly affect the GBP, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

Oil Drops Below $90

Unemployment Claims

4 Tips for Today's Trading - 2/10

Follow us and SHARE this story on Facebook/Twitter:

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 isn’t viewed as a very important 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 financial policy.

Usual Effect: If the actual number is smaller than the forecast, you can expect the USD to rise.

When? Today (2.10) at 08:30am Eastern Time.

Trading Tip: The announcement can greatly affect the USD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

ECB Press Conference 

4 Tips for Today's Trading - 2/10

First American Case of Ebola and European Economy Affect Stocks

Follow us and SHARE this story on Facebook/Twitter:

What is it? The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time.

It's the primary method the ECB uses to communicate with investors regarding financial policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future financial policy.

Usual Effect: If the conference is more aggressive than expected, you can expect the EUR to rise.

When? Today (2.10) at 08:30am Eastern Time.

Trading Tip: The announcement can greatly affect the EUR, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

4 Tips for Today's Trading - 2/10

First American Case of Ebola and European Economy Affect Stocks

Minimum Bid Rate Announcement - 2/10

Follow us and SHARE this story on Facebook/Twitter:

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

 1) October Blues

US stock futures were looking weak Thursday after markets started the new month with a big decline. The Dow Jones industrial average lost 1.4% Wednesday, the S&P 500 fell 1.3%, and the Nasdaq was off 1.6%.

This comes after all the major indexes posted declines for the month of September.

The latest reading shows investors are feeling extremely fearful, just weeks after the major benchmark indexes were hitting record highs. Unrest around the world and slower growth is hurting sentiment.

2) Getting Ready for the ECB

Investors are keen to hear from the president of the European Central Bank, Mario Draghi. He holds a news conference in Italy at 08:30am Eastern Time after the central bank's monthly meeting.

Pressure is building on the ECB to go all-in with a Federal Reserve-style program to buy government bonds as some of Europe's largest economies fall. However, most analysts do not expect any new initiatives.

The Eurozone economy has stalled and inflation is the weakest it has been for nearly five years.

The major European markets were declining in early trading.

3) NFL Fever

Shares of DirecTV (DTV) were rising in extended trading after the NFL said it was giving the satellite provider rights to continue carrying its popular NFL Sunday Ticket package for another eight years.

4) US Economic Data

The US government will post weekly jobless claims at 08:30am Eastern Time.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

First American Case of Ebola and European Economy Affect Stocks

Minimum Bid Rate Announcement - 2/10

Construction PMI Announcement 2/10

Follow us and SHARE this story on Facebook/Twitter:

What is it? It checks the interest rate on the main operations that provide the majority of liquidity to the banking system.

Short term interest rates are the dominant factor in currency valuation - traders look at most other indicators only to predict how rates will change in the future.

Usual Effect: If the actual number is bigger than the forecast, you can expect the EUR to rise.

When? Today (2.10) at 07:45am Eastern Time.

Trading Tip: The announcement can greatly affect the EUR, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

Construction PMI Announcement 2/10

September has Been a Bad Month for Trading

4 Investing Secrets of the Rich

Follow us and SHARE this story on Facebook/Twitter:

What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the construction industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Usual Effect: If the actual number is bigger than the forecast, you can expect the GBP to rise.

When? Today (2.10) at 04:30am Eastern Time.

Trading Tip: The announcement can greatly affect the GBP, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

5 Tips for Today's Trading - 2/10

September has Been a Bad Month for Trading

4 Investing Secrets of the Rich

Follow us and SHARE this story on Facebook/Twitter:

The US stocks closed lower today as a result of disappointing US economic data. The Asian and European markets were low as well.

The only exception however was the Manufacturing Index which caused that Yen to rise against the Dollar.

Gold declined as the Dollar rose due to speculation that the Fed could raise interest rates sooner. Today however, the metal has made strong gains. Traders should watch the US data later today as it could change the current direction of the price.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

5 Tips for Today's Trading

September has Been a Bad Month for Trading

4 Investing Secrets of the Rich

Follow us and SHARE this story on Facebook/Twitter:

What is it? It checks the change in the number of new building approvals issued.

It's an excellent measure of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces jobs for the construction workers, subcontractors and inspectors, and various services are purchased by the builder.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? Today (1.10) at 09:30pm Eastern Time.

Trading Tip: The announcement can greatly affect the AUD, make sure to make your trade before.

Talk to us to get get FREE signals and start earning now: 

Other top stories: 

5 Tips for Today's Trading

September has Been a Bad Month for Trading

4 Investing Secrets of the Rich

Follow us and SHARE this story on Facebook/Twitter: