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What is it? It checks the change in the price of goods and raw materials purchased by manufacturers.

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

When? May 18th at 6:45pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD 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. Earnings and economics

It's a big week for retail earnings and Urban Outfitters (URBN) will kick things off with its quarterly report after the close.

Earnings reports are on tap later this week from Wal-Mart (WMT), Target (TGT) and Best Buy (BBY).

On the economic front, the National Association of Home Builders release its monthly housing market index at 10 a.m. ET.

 

2. Oil climbs

Crude prices gained about 1% to push above $60 a barrel as investors absorbed news of fresh fighting in the Middle East. The key Iraqi city of Ramadi fell to ISIS on Sunday, while airstrikes resumed in Yemen as a ceasefire ended. Oil prices have stabilized in recent months after plunging around 50% in the last half of 2014.

 

3. International markets

Major European markets are edging higher in early trading. Germany's DAX is the strongest performer, up 0.9%. Asian markets had a mixed day.

 

4. Friday recap

The Dow Jones industrial average gained 20 points, while the S&P 500 inched up 0.1% to a fresh record close. The tech-heavy Nasdaq lost 0.1%.

U.S. stocks have been powering ahead despite mounting evidence that the American economy isn't all it's cracked up to be.

 

Ask us about our FREE financial advice program: 

 

Other Top Stories:

Technical Analysis Lesson 1 - Introduction

Technical Analysis Lesson 2 - The Basic Assumptions

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

 

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