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

4 Tips for Today's Trading - 17/10

Building Permits (USD)

 

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What is it? It checks the level of a composite index based on surveyed consumers;

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 17th at 9:55am Eastern Time.

 

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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Fed Chair Yellen Speaks

4 Tips for Today's Trading - 17/10

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What is it? Fed chair Yellen is due to speak at the Federal Reserve Bank of Boston's Conference on Inequality of Business Opportunity, in Boston.

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.

Usual Effect: If the speech will hint towards higher interest rates, you can expect the USD to rise.

When? October 17th at 8:30am Eastern Time.

 

Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.

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4 Tips for Today's Trading - 17/10

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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) Comeback Time

US stock futures were definitively higher and most European markets were rising by more than 1% in early trading.

Investors are clearly feeling steadier after panic flooded the markets over the previous few days. The Nasdaq briefly hit correction territory on Thursday, signaling a 10% decline from a recent peak.

Even though markets had a wild ride on Thursday, stocks settled down at the end of the day and the indexes closed with only minor changes. The Dow lost 25 points, while the S&P 500 and Nasdaq edged into positive territory.

Over in Asia, the main stock markets were mixed at the close of the week.


2) Earnings and Economics 

Investors are waiting for General Electric (GE), Morgan Stanley (MS) and Honeywell (HON) to report quarterly earnings before the opening bell.

The US government will post housing start data for September at 8:30am ET. The University of Michigan Consumer Sentiment Index comes out at 9:55am.


3) Stock Market Movers -- Google, Urban Outfitters and Rolls Royce

Shares in Google (GOOGL, Tech30) are slipping premarket after the company's quarterly results showed third-quarter sales came in short of expectations. It also reported another decline in the average amount paid by advertisers when a user clicks on an ad.

Shares in Urban Outfitters (URBN) are plunging by 13% premarket after the retailer warned that third quarter earnings will be squeezed.

Rolls-Royce (RYCEY) is having a tough day on the London markets. Shares in the aircraft engine-maker are falling by about 8% after the firm warned that market conditions have deteriorated and some big customers are delaying and canceling orders because of Russian trade sanctions.


4) Shoes and Shares 

Shoemaker Jimmy Choo debuted on the London stock market Friday. Shares were relatively flat in early trading. The company picked the ticker symbol "CHOO".

 

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Building Permits (USD)

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Core CPI (CAD)

 

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What is it? It check the annualized number of new residential building permits issued during the previous month.

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.

When? October 17th at 8:30am Eastern Time.

 

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Dollar Flat Against Yen

Core CPI (CAD)

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What is it? It check the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.

When? October 17th at 8:30am Eastern Time.

 

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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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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What is it? Draghi is due to speak at the grand opening of the European Cultural Days 2014 organized by the European Central Bank, in Frankfurt.

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

Usual Effect: If the speech will hint towards higher interest rates, you can expect the EUR to rise.

When? October 15th at 2:00pm Eastern Time.

 

Trading Tip: This announcement can greatly affect the EUR, make sure to make your trades before.

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