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8:30 GMT: GBP - Manufacturing Production - This indicator reflects the change in the total inflation-adjusted value of output produced by manufacturers. - Manufacturing makes up around 80% of total Industrial Production and tends to dominate the market impact. - The release of this indicator typically creates volatile trading. - A stronger than expected result may continue to boost the GBP in the short-term. 12:30 GMT: USD - U.S Trade Balance - This indicator reflects the difference in value between imported and exported goods and services during the reported month. - Better-than-expected results may help the Dollar recover some of yesterday’s losses against some of its crosses such as the EUR and GBP. - If the results turn out to be lower than forecasts, the Dollar may record a fairly bearish session in today’s trading. - Traders should pay close attention to the market as there is an opportunity for traders to capitalize on the fluctuations which are likely to follow this release. Crude Oil tips: - Crude oil hit a 7-month high and closed above $70 yesterday (currently at $71.50) - Oil rose on increasing optimism that the world economy is emerging from recession. - Today, the release of the Crude Oil Inventories report is likely to help determine the market’s next direction for oil. - Traders are advised now to make some profits as the price of Crude Oil is set to remain volatile in the short-medium term.