US stocks climbed following strong earnings and positive data. Caterpillar and 3M reported stronger than expected results causing a rally throughout the day. Initial Jobless Claims were slightly worse than expected, however, they remained below 300,000 for a sixth week.

Asian markets were mixed today. The Nikkei gained 1.01% as the Yen weakened against the US Dollar and this boosted exporters.

European markets are lower today as markets are skittish following news of an Ebola case in New York. Markets shrugged off positive data from Germany where the Gfk Consumer Climate beating expectations.

Oil climbed after strong data was released from the EU. The German Manufacturing PMI, overall Manufacturing PMI and Services PMI all beat expectations and pushed up demand for the commodity.  News that Saudi Arabia reduced oil supplies also added support. However, prices are once again falling as fears of slower global growth still hover on the market.

Gold is trading choppy after dropping yesterday following the positive data from the EU. Positive sentiment on the stock market has also cut demand for the metal. Traders should watch the US New Home Sales data at 2pm GMT as it may cause short term movement for the commodity.

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Asian Markets are Mixed

4 Tips for Today Trading - 24/10

New Home Sales (USD)

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US stocks dropped following mixed data and earnings reports while Asian markets also declined across the region.

European markets are mixed today after mixed data. Positive data was released from Europe including positive Manufacturing PMI data from Germany. However, data from the UK was disappointing.

Oil dropped sharply yesterday and reached its lowest price since 2012. Recent news of a slowdown in global demand coupled with falling demand are supporting the downwards movement. The price has now rebounded slightly as strong data from China and Europe boosted sentiment slightly.

Gold is falling as the Dollar strengthens. Positive economic data has also reduced fears of a slowdown resulting in less demand for safe haven assets.

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Trade Balance (NZD)

Unemployment Claims (USD)

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US stocks sharply rose following a range of upbeat earnings and data. The strong data re- ignited speculation that the Fed could raise interest rates sooner than the second half of 2015.

Asian markets also saw strong gains. The Nikkei soared 2.64% higher as the Dollar made gains against the Yen.

European markets are higher today following news that the European Central Bank is considering purchasing corporate bonds.

Oil is trading choppy between $80.70/barrel and $82.70/barrel. Investors seem to be hesitant to place positions before next month’s OPEC meeting where a decision may be made to cut output as recent months have shown rising supplies and falling demand.

Gold climbed as weak US data led to speculation that interest rates could remain constant. However, yesterday’s strong US data pushed the price back down. The stock market is also rallying as earnings season is bringing mostly positive results. Climbing stocks cut demand for the metal as they act as an alternative investment.

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HSBC Flash Manufacturing PMI (CNY)

RBA Gov Stevens Speaks (AUD)

4 Tips for Today's Trading - 22/10

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US stocks finished with little change following comments by Fed members that there is no rush to increase interest rates due to worries that it could hamper global growth.

Asian markets were mixed today, while European markets were higher as a result of consistently bad data.

Oil is climbing despite a report from the EIA that showed inventories to climb by 8.932 million barrels.

Gold rose as weak data was released from the US. Investors are still afraid to take risks, pushing them into Gold as an alternative investment.

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Fed Chair Yellen Speaks

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Building Permits (USD)

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After a strong sell off due to concerns over the global outlook, US stocks climbed slightly. Gains were seen after earnings season started with positive results.

Asian markets climbed across the region, while European markets are lower today as traders still digest weak data from Germany increasing fears that the euro zone could be reaching a recession.

Oil is still falling and has now reached its lowest price since 2012. Losses were caused after the IEA cut their forecast for global oil demand to a 5 year low.

Gold has started to decline once again. The stock market rebounded slightly and so the metals safe haven appeal is wearing off. The Dollar also made gains and Gold tends to trade inversely to the American currency.

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Core Retail Sales

Asia Stocks and Dollar Stabilize

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The International Monetary Fund was the main mover of markets at the end of last week. They first downgraded their forecast for global growth in 2015 following weakness in the Eurozone and emerging markets.

Markets reacted negatively and stocks suffered a strong sell off.  US markets dropped by their strongest rate in two years. Asian markets were mixed during today’s session, while European markets were higher today, posting gains for the first time in five sessions.

Oil dropped to a 3 year low after the IMF summit. Slower global growth would lead to lower demand for oil and so the price was pushed lower. The price has been under pressure for over 2 months as global demand for oil is slowing.

Gold climbed as a safe haven asset last week. The rapid sell off in the stock market was bullish for Gold as it acts as an alternative investment to equities.

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4 Tips for Today's Trading - 13/10

Oil at a 3 Year Low

Yen and Euro Rise Against Dollar

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US stocks dropped as a result of the IMF announcement that the economy might not recover to the high it was before 2007.

Asian markets also declined across the region. The Nikkei lost 1.15% as the Dollar remained lower against the Yen. European markets are also lower today due to concerns regarding the strength of the European economy.

Oil dropped to its lowest price since 2010 after the EIA reported that inventories increased by 5 million barrels during the past week. Gold climbed to a 2 week high following the IMF Meeting results.

Trading Tip:  As the IMF semi- annual meeting is taking place today and tomorrow we may see Gold move higher in the near term.

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European Growth Worries Affects Asia and Oil

Unemployment Rate (CAD) - 10/10

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