What is it? It checks the interest rate on the main operations that provide the majority of liquidity to the banking system.

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

Usual Effect: If the actual number is bigger than the forecast, you can expect the EUR to rise.

When? Today (2.10) at 07:45am Eastern Time.

 

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

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Construction PMI Announcement 2/10

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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.

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

When? Today (2.10) at 04:30am Eastern Time.

 

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

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The US stocks closed lower today as a result of disappointing US economic data. The Asian and European markets were low as well.

The only exception however was the Manufacturing Index which caused that Yen to rise against the Dollar.

Gold declined as the Dollar rose due to speculation that the Fed could raise interest rates sooner. Today however, the metal has made strong gains. Traders should watch the US data later today as it could change the current direction of the price.

 

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What is it? It checks the change in the number of new building approvals issued.

It's an excellent measure of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces jobs for the construction workers, subcontractors and inspectors, and various services are purchased by the builder.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? Today (1.10) at 09:30pm Eastern Time.

 

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

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What is it? It checks the difference in value between imported and exported goods and services during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

Usual Effect: If the actual number is bigger than the forecast, you can expect the AUD to rise.

When? Today (1.10) at 09:30pm Eastern Time.

 

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

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Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for.


1) European markets are mixed. Manufacturing in the Eurozone has stalled, and is now contracting in Germany, the region's biggest economy, according to the latest survey of purchasing managers. The euro continued its recent slide against the dollar.


2) US stocks closed lower Tuesday, ending September in the red. The largest and most important indexes, the S&P 500, Nasdaq and the Dow dropped in what has been a very disappointing month.


 3) Markets in Hong Kong and China were closed for the National Day holiday, which saw huge crowds swarm the street of Asia's financial hub. Thousands of Hong Kong residents are taking part in another day of pro-democracy protests. Most other Asian markets ended weaker.


4) Shares in biotech companies Tekmira (TKMR) and BioCryst Pharmaceuticals (BCRX) rose premarket after the first case of Ebola was diagnosed in the US.

EBay (EBAY, Tech30) shares were giving up some of Tuesday's gains posted in the wake of its announcement that it will spin off PayPal into a separate company next year. The stock was down 1.7% premarket.

Adidas (ADDYY) was top gainer in Europe after it announced plans to buy back shares worth 1.5 billion euros.


5) At 10:00am Eastern Time, the US Census Bureau will say how much was spent on construction in August.

 

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Manufacturing PMI 1/10

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What is it? It checks the level of an index based on surveyed purchasing managers in the manufacturing 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.

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

When? Today (1.10) at 10:00am Eastern Time.

 

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

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Manufacturing PMI 1/10

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What is it? It checks the estimated change in the number of employed people during the previous month, without the farming industry and government.

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

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

When? Today (1.10) at 8:15am Eastern Time.

 

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

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