What is it? It checks the estimated change in the number of employed people during the previous month, excluding the farming industry and government.

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

When? March 4th 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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During today’s early trading session, Asian stocks edged lower as investors made gains from recent profits. Following the RBA announcement that they are to maintain the current interest rate, the AUD jumped 0.88% against the Dollar, market spectators had expected the rate to be brought down from 2.25% to 2%, furthermore, other positive reports showed that the Australian Building Approvals and Current accounts showed better than expected data. Tomorrow morning Australia will release the fourth quarterly and yearly Gross Domestic Product figures.

During the European session, the Euro traded lower despite positive data showing that the German Retail sales during the month of January had increased significantly to 2.9%. Traders are cautious before Thursday’s European Central Bank Press conference and the Interest rate decision. It is expected that ECB officials will announce the plans of its quantitative easing program and a detailed outlook of the economy and inflation. Implementing further stimulus could weaken the Euro against a basket of major currencies over the long term.

During early U.S. trade, the Dollar dropped sharply against the CAD following the release of strong data from Canada. 

 

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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) Slipping from all-time Highs?

US stock futures are slipping lower, indicating markets could see a modest retreat at the open.


2) International Markets Overview

European markets seemed to be tracking U.S. gains into Tuesday. All major indexes were edging higher.

Asian markets mostly closed with losses. The typically volatile Shanghai Composite was the biggest loser for the day. It fell by 2.2%.


3) Earnings

Best Buy (BBY), Dick's Sporting Goods (DKS), and Kate Spade (KATE) are reporting ahead of the open.

In London, shares in Barclays (BCS) and Glencore (GLNCY) are both declining by about 2% after the firms reported annual results.


4) Aussie Dollar Surges

The Australian currency got a big boost Tuesday after the country's central bank unexpectedly held its key rate at 2.25%.

A wide range of countries around the world have been cutting interest rates over the past few months, which has pushed their currencies lower.

China joined the fray and cut rates over the weekend as concerns about low inflation intensified.

 

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What is it? Fed Cahir Yellen is due to speak about bank regulation and supervision at the Citizens Budget Commission's Annual Awards Dinner, in New York.

As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? March 3rd at 8:15pm Eastern Time.

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

 

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What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? March 3rd 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? Governor Carney is due to testify on the currency probe before the Treasury Select Committee, in London.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? March 3rd at 5:00am Eastern Time.

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

 

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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.

When? March 3rd 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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