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What is it? It checks the percentage that business managers expect the price of goods and services to change annually during the next 2 years.

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise.

When? May 18th at 11:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

 

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What is it? It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

When? May 18th at 9:30pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD 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. Set for more records?

U.S. stock futures are inching higher ahead of the open, which could mean more stock market records by the end of the day.

The S&P 500 index finished Thursday at an all-time closing high after rising by 1.1%. The Dow Jones industrial average also gained 192 points on Thursday, while the Nasdaq jumped by 1.4%.

Meanwhile, the U.S. dollar is staging a modest comeback against a range of major global currencies, after tumbling this month following a significant rally.

 

2. International markets overview

European markets are rising in early trading, while Asian markets closed the week with mixed results.

The Hang Seng was a standout performer, jumping by 2% Friday. The Hong Kong index has surged by 18% since the start of the year.

 

3. Stock market mover -- King Digital

The maker of the popular Candy Crush game is getting crushed. Shares in King Digital Entertainment (KING) are down by roughly 10% premarket after the company said foreign currency swings could hurt its results later in the year. Investors are also concerned about whether the company's new games will be popular.

 

4. Economics

The University of Michigan will publish its monthly consumer sentiment index at 10 a.m. ET.

 

Ask us about our FREE financial advice program: 

 

Other Top Stories:

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16 Surprising Facts That You Cannot Explain How You Lived so Far Without Knowing Them

  • People who tend to curse a lot are usually more honest.

 

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