The International Monetary Fund was the main mover of markets at the end of last week. They first downgraded their forecast for global growth in 2015 following weakness in the Eurozone and emerging markets.

Markets reacted negatively and stocks suffered a strong sell off.  US markets dropped by their strongest rate in two years. Asian markets were mixed during today’s session, while European markets were higher today, posting gains for the first time in five sessions.

Oil dropped to a 3 year low after the IMF summit. Slower global growth would lead to lower demand for oil and so the price was pushed lower. The price has been under pressure for over 2 months as global demand for oil is slowing.

Gold climbed as a safe haven asset last week. The rapid sell off in the stock market was bullish for Gold as it acts as an alternative investment to equities.

 

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4 Tips for Today's Trading - 13/10

Oil at a 3 Year Low

Yen and Euro Rise Against Dollar

 

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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) More Pain to Come? 

The Dow suffered its worst drop of the year last week and ended 2.7% lower. Tech stocks were particularly hard hit.

US stock futures were trending lower on Monday, suggesting that a dramatic rebound may not be in the cards.


 2) Fear Everywhere

Investors are absolutely terrified right now. Markets are particularly unnerved by the Federal Reserve's plans to end its unprecedented stimulus and low interest rate policies.

Around the globe, problem spots are appearing: Germany doesn't look good; neither does Japan.


3) No Safe Haven

Japan's Nikkei was closed for a holiday, but other Asian markets ended mixed despite positive Chinese trade data. European markets were firmly in the red.


4) Stay Tuned

Some of the biggest companies in the US are up to bat with third quarter earnings this week. Netflix (NFLX, Tech30) and eBay (EBAY, Tech30) will report Wednesday. Google (GOOG) is up on Thursday.

 

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Oil at a 3 Year Low

Yen and Euro Rise Against Dollar

NAB Business Confidence (AUD) - 13/10

 

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What is it? It checks the Level of a diffusion index based on surveyed German institutional investors and analysts.

It's a leading indicator of economic health - investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.

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

When? October 14th at 5:00am Eastern Time.

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

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What is it? It checks the change in the price of goods and services purchased by consumers.

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 expected, you can expect the GBP to rise.

When? October 14th at 4:30am Eastern Time.

 

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

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NAB Business Confidence (AUD) - 13/10

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What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

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

When? October 13th at 8:30pm Eastern Time.

 

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

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What is it? ECB president Draghi is due to hold a press conference about the conclusions of the International Monetary Fund's Annual Meeting and associated events, in Washington DC.

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 11th at 12:00pm Eastern Time.

 

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

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US stocks dropped as a result of the IMF announcement that the economy might not recover to the high it was before 2007.

Asian markets also declined across the region. The Nikkei lost 1.15% as the Dollar remained lower against the Yen. European markets are also lower today due to concerns regarding the strength of the European economy.

Oil dropped to its lowest price since 2010 after the EIA reported that inventories increased by 5 million barrels during the past week. Gold climbed to a 2 week high following the IMF Meeting results.

 

Trading Tip:  As the IMF semi- annual meeting is taking place today and tomorrow we may see Gold move higher in the near term.

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4 Tips for Today's Trading - 10/10

European Growth Worries Affects Asia and Oil

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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) More Pain to Come? 

European markets were trading weaker as investors remain rattled by a string of poor economic numbers from Germany, and slower global growth. There was more disappointing data Friday, this time from Italy -- the Eurozone’s third largest economy -- where industrial production in August was 0.7% weaker than a year ago.

US stock futures were slipping lower. Asian markets ended firmly in the red.


 2) Rollercoaster Ride

The Dow plunged 335 points Thursday, its worst day of the entire year on a point basis. The wild swing lower followed a sharp jump Wednesday, the best day of the year so far for stocks. Both the S&P 500 and Nasdaq fell more than 2% on Thursday. Investors are about as terrified as they can be right now.


3) Oil Price Plunges

The prospect of weaker global growth is hitting commodity markets hard. Crude oil futures in Europe were trading 1.4% weaker at $89 a barrel, their lowest level in nearly four years. US light crude has lost nearly 18% over the past 12 months.


4) A New Tesla

Tesla (TSLA) has unveiled its model D, a dual motor, all-wheel-drive sedan with mind-bending performance numbers.

 

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Other top stories:

European Growth Worries Affects Asia and Oil

Unemployment Rate (CAD) - 10/10

Employment Change (CAD) - 10/10

 

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