The dollar traded at a lower level today following the release of negative data from the U.S., as the Retail Sales data was lower than expected yesterday, weakening the currency against major currencies; the EUR/USD traded as high as 1.070, while the USD/JPY tested its support at 119.10. U.S. indices, on the other hand, had a positive trading session with the energy sector supported by the latest increase in oil prices. The S&P 500 added 0.2% and the Dow Jones added 0.3%.

Despite positive statements from Mario Draghi, the ECB press conference went relatively unnoticed in the currency markets today. Moving in a small range against most currencies, the euro was not boosted by the positive outlook for the economy in the Eurozone. Stocks did manage to benefit slightly; the FTSE 100 gained 0.37% in today’s trading session, while the German DAX went up by 0.03%, marking an overall positive trading session.

 

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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. China Slows

The world's second largest economy grew at its slowest pace in six years, intensifying pressure on the government to boost stimulus measures. China's GDP expanded by 7% in the first three months of 2015. That was in line with expectations but down from 7.3% in the fourth quarter of 2014.

 

2. ECB Meeting

The European Central Bank is expected leave interest rates at ultra-low levels when it delivers a policy update later Wednesday. Investors will be looking for comments from President Mario Draghi on the outlook for its massive bond buying program launched last month in a bid to boost the economy.

They'll also pay close attention to Draghi's remarks on the state of talks with Greece over its bailout program. Greece needs to reach a deal on economic reforms with its European creditors and the IMF by the end of April or face default on its massive debt.

 

3. Earnings and Economics

Bank of America (BAC), PNC (PNC) and Delta Airlines (DAL) will report ahead of the open. Netflix (NFLX, Tech30) delivers its results after the close.

On the economic front, the NAHB/Wells Fargo Housing Market Index will be updated at 10 a.m. ET. The Federal Reserve will publish its Beige Book report on the economy at 2 p.m. ET.

 

4. International Markets Overview

European markets were rising in early trading. Burberry (BBRYF) was a notable mover, with shares up 2% in London trading, after the luxury goods maker reported a rise in second half sales.

Most Asian markets finished with modest losses, though China's Shanghai Composite dropped 1.2% on the fall in GDP.

 

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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? April 15th at 9:30pm Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the AUD 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? April 15th 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? It checks the change in the average price of dairy products sold at auction.

It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income.

When? April 15th at 10:30am Eastern Time.

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

 

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What is it? It checks the interest rate at which major financial institutions borrow and lend overnight funds between themselves.

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

When? April 15th at 10:00am 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? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? April 15th at 10:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

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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? April 15th 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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