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

When? June 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? 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? June 3rd 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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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Calm markets

U.S. stock futures are edging up and European markets are mixed in early trading. Many investors are noting that the markets have been surprisingly calm in the last few weeks.

In fact, this spring has been one of the most tranquil periods for American stocks since the 1960s.

In Asia, most key stock markets declined, but Chinese indexes edged up.

 

2. Stocks to watch -- Google, Humana

Shares in Google (GOOGL, Tech30) could see higher trading volume Wednesday as the company holds its annual meeting for shareholders. Some are demanding that the company fully disclose all of its spending on lobbying. There will be a vote on the issue during the day.

Shares in insurance giant Humana (HUM) are moving up as investors expect it will increase its premiums on some Texas health plans by as much as 30%. Other insurers are proposing similar plans.

 

3. Economic announcements

On the economic side, the U.S. Census Bureau is releasing trade balance data at 8:30 a.m. ET.

Data on crude oil inventories will come out at 10:30 a.m. Ahead of the release, crude prices are declining by about 1% to trade aroud $60.60 per barrel.

At 2 p.m., the U.S. Federal Reserve is releasing its Beige Book. The publication offers anecdotal information on the state of the economy.

 

4. Greece

The crisis over Greece's enormous debts is coming to a head. Its international creditors are expected to present an agreed list of reforms to Greek officials later Wednesday, according to reports.

The European Central Bank announces its latest policy decision but is unlikely to make any change. More attention will be focused on what ECB President Mario Draghi has to say about the situation in Greece.

 

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Other Top Stories:

Technical Analysis Lesson 1 - Introduction

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How I Made Over $30,000 a Year by Investing in Binary Options

 

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