What is it? It check the 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.

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

When? October 15th.

 

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

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4 Tips for Today's Trading

Core Retail Sales

Asia Stocks and Dollar Stabilize

 

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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) Pharmaceutical Deal

Shares in the UK pharmaceutical giant Shire (SHPG) dropped like a rock this morning -- down by as much as 29% -- following indications that US drugmaker AbbVie (ABBV) may ditch its $55 billion takeover of the company.

AbbVie said Tuesday that its board of directors is taking another look at the deal after the Obama Administration introduced measures last month to make it harder for American companies to reduce their tax bills by merging with foreign firms and moving abroad.


2) Ready for Earnings

: Investors are preparing for a swing of big earnings announcements Wednesday.

Bank of America (BAC) and BlackRock (BLK) will report quarterly results before the opening bell. American Express (AXP), eBay (EBAY, Tech30) and Netflix (NFLX, Tech30) will report after the close.

Markets are also ready to react to Intel (INTC, Tech30) earnings. Shares are rising by about 1.5% premarket after the company reported a 12% jump in quarterly income compared to last year.


3) Softening Markets

US stock futures were relatively calm, with the indexes not straying far from Tuesday's closing levels.

US stocks posted mixed results over the previous session. The Dow Jones industrial average slid slightly into the red, losing about 6 points. But the S&P 500 rose 0.2% and the Nasdaq ended the day 0.3% higher.

Markets seem to be mellowing out after taking a sharp dive between Thursday and Monday.

On the other side of the pond, European markets were lower. Asian markets mostly closed with gains.


4) Economic Agenda

The US Census Bureau will report monthly retail sales at 8:30am Eastern Time.

At 2:00pm, the Federal Reserve will release its Beige Book, which is a compilation of anecdotal information about the state of the US economy.

 

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Other top stories:

Core Retail Sales

Asia Stocks and Dollar Stabilize

Claimant Count Change

 

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What is it? It check the in the total value of sales at the retail level.

It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

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

When? October 15th at 8:30am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Core Retail Sales

Asia Stocks and Dollar Stabilize

Claimant Count Change

 

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What is it? It check the in the price of finished goods and services sold by producers.

It's a leading indicator of consumer inflation - when producers charge more for goods and services the higher costs are usually passed on to the consumer.

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

When? October 15th at 8:30am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Core Retail Sales

Asia Stocks and Dollar Stabilize

Claimant Count Change

 

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What is it? It check the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

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

When? October 15th at 8:30am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Asia Stocks and Dollar Stabilize

Claimant Count Change

Average Earnings Index

 

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What is it? It check the change in the number of people claiming unemployment-related benefits during the previous month.

The number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

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

When? October 15th at 4:30am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Average Earnings Index

ECB President Draghi Speaks

Oil at a 3 Year Low

 

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What is it? It check the change in the price businesses and the government pay for labor, including bonuses.

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

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

When? October 15th at 4:30am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

ECB President Draghi Speaks

Oil at a 3 Year Low

European Growth Worries Affects Asia and Oil

 

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What is it? ECB president Draghi is due to deliver opening remarks at the 7th Statistics Conference 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 3:00am Eastern Time.

 

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

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Oil at a 3 Year Low

European Growth Worries Affects Asia and Oil

Yen and Euro Rise Against Dollar

 

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