What is it? It's the primary method the ECB uses to communicate with investors regarding monetary 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 monetary policy.

When? At 8:30am 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? A positive number indicates that more goods were exported than imported. About 65% of Canadian exports are purchased by the US. 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.

When? 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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1. U.S. stocks rose more than 1 percent in early trading on Wednesday, rebounding from steep losses a day earlier, after fresh intervention from China to support its markets helped ease a global equities selloff.

2. U.S. private employers maintained a solid pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.

3. New orders for U.S. factory goods rose for a second straight month in July on strong demand for automobiles, which could help to keep manufacturing supported as it deals with a strong dollar and softening global demand.

4. Oil prices fell on Wednesday as concerns about the global economy exacerbated worries that an oversupply of crude could last longer than expected.

5. The dollar remained higher against the other major currencies on Wednesday, even after data showed that U.S. non-farm private employment rose less than expected in August ans as concerns over the global economic outlook persisted.

6. U.S. factory orders rose less than expected in July, dampening optimism over the health of the economy, official data showed on Wednesday. In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.4% in July, missing forecasts for a gain of 0.9%.

 

 

 

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It looks a little safer to wade back into stocks Wednesday. But just a little.

U.S. stock futures are rising though global investors remain cautious as volatility continues to sweep through markets.

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

 

1) China swings

 

It was another day of wild trading in China. The Shanghai Composite index pared sharp early losses to close down 0.2%, while the smaller Shenzhen index lost 2%. Beijing has acted aggressively in recent months to prop up stocks after a crash beginning mid-June wiped out all this year's gains.

The market crash, coupled with renewed fears about slowing growth in China, rattled global markets and led to a punishing August for investors.


2) Oil sinks

More pain for oil producers as crude slides 2% to trade below $45 a barrel. Oil has been on a roller coaster ride this week -- surging above $50 a barrel on Monday -- before resuming its slide.

Fears about easing global growth and oversupply are still weighing on prices.


3) Earnings & economics

Vera Bradley (VRA) is among a small group of companies reporting earnings today.

There's a handful of economic releases to look out for Wednesday, kicking off with ADP August employment numbers at 8:15 a.m. ET.

At 8.30am ET, the Bureau of Labor Statistics is due to report revised productivity numbers for last quarter. The Census Bureau will put out new factory order figures for July at 10.30am ET.

The newest beige book, which contains information about current economic conditions from regional Federal Reserve banks, will be released at 2 p.m ET.


4) International markets overview

European markets are drifting lower in early trading, with Germany's DAX index down 0.2% and the U.K.'s FTSE index shedding 0.25%.

Shares in Ryanair (RYAAY) bucked the trend in London, rising 2.2%, after the low-cost airline delivered strong passenger numbers for August.

Asian markets mostly ended with losses. Japan's Nikkei index dropped 0.4% and Hong Kong's Hang Seng index lost 1.1%. Australian markets shrugged off disappointing second quarter GDP figures to close flat.

 

 

  

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What is it? 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.

When? At 9:30pm Eastern Time.

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

 

 

 

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What is it? This is the earliest look at vital consumer spending data. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

When? At 9:30pm Eastern Time.

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

 

 

 

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

When? At 8:15am Eastern Time.

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

 

 

 

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