What is it? 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. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? 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? The goods portion has limited impact because it's a duplicate of the Goods Trade Balance data released about 5 days earlier. A positive number indicates that more goods and services were exported than imported. 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 USD 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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What is it? This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it's designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations.

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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What is it? 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.

When? At 4:30am Eastern Time.

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

  

 

 

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New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.

The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 percent after declining 1.1 percent in May.

The dollar trimmed losses against the other major currencies on Tuesday, after data showed that U.S. factory orders rose broadly in line with expectations in June, while markets continued to eye the release of U.S. nonfarm payrolls on Friday.

Drugmaker Shire (L:SHP) said on Tuesday it was seeking to buy Baxalta (N:BXLT), a company spun-off by Baxter International (N:BAX) last month, for $30 billion to forge the leading global specialist in rare diseases.

U.S. drugmaker Pfizer (N:PFE) gained European Union antitrust approval on Tuesday for its proposed $15 billion acquisition of U.S. rival Hospira (N:HSP) after pledging to sell some drugs to allay competition concerns.

 

 

 

 

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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:

 

Welcome to Tuesday. 


1) More volatility in China and Greece

The two most volatile stock markets in the world right now -- China and Greece -- continue to grab attention.

Chinese stock markets shot up Tuesday, with the Shanghai Composite closing with a 3.7% gain and the Shenzhen market finishing with a 4.8% jump.

Chinese markets have been on a bumpy downward trend since hitting record highs in mid-June. Tuesday's move higher followed new restrictions on short sellers.

In Greece, the main stock market index fell by another 1% following a 16% plunge on Monday. Prior to reopening Monday, the Greek stock market had been closed for five weeks due to the nation's financial crisis.

Three of the country's biggest banks -- Piraeus (BPIRF), Eurobank and Alpha Bank (ALBKF) -- are all tanking by about 30% Tuesday, after a similar fall Monday. Shares in the National Bank of Greece (NBG) fared only slightly better, falling 23%. 


2) Expecting earnings

 

Among the companies reporting quarterly earnings this morning are Aetna (AET), Coach (COH), CVS Health (CVS), Time (TIME) and Office Depot (ODP).

In Europe, shares in BMW (BAMXY) are slipping by about 1.5% after the automaker reported quarterly results.

Toyota (TM) shares could be on the move after the firm reported a record $5.2 billion profit. The company benefited from favorable foreign exchange rates and cost reductions.

After the close, investors will get to look through results from Dreamworks Animation (DWA), Etsy (ETSY), News Corp (NWS). and Walt Disney (DIS). 


3) Global market moves

U.S. stock futures are sitting at roughly where they closed on Monday.

A few stocks are throwing their weight around premarket, including Allstate (ALL), Microchip Technology (MCHP) and Aflac (AFL). Shares in all three companies are declining as investors react to the firms' latest earnings, which were released late Monday afternoon.

European markets are mixed in early trading. The key Italian index is declining by just over 1%, but the other markets are little changed. Asian stocks closed with mixed results.

Crude oil futures are recovering a bit Tuesday, up 2% to trade around $46 a barrel. Over the past month, oil prices plunged by about 20%. 


4) Market recap

On Monday, the Dow Jones industrial average dropped 0.5%, while the S&P 500 and the Nasdaq each shed 0.3%.

 

 

 

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