Here’s what to watch out for today. See video below. 

7 AM GMT German Trade Balance

At 7 AM GMT, the Germans release Trade Balance numbers for the month of November, expected to be 21.2 billion, a number higher than that could be good for the DAX, as it would show more exporting. On the other hand, if the market is lower than expected it could be negative.”

10 AM GMT EU Unemployment Rate

At 10 AM GMT, the European Union releases the unemployment rate, expected to be 9.8% for the month of November. Because of this, the Euro could be volatile, as a higher-than-expected number is negative while a lower than expected number is positive.”

Iranians flood oil markets

In the past 3 months, it has been revealed that the Iranians have sold 13 million barrels held on tankers at sea, capitalizing on the OPEC output cuts, that it is exempt from. Ultimately, this could cause problems with oversupply in the petroleum markets, and could cause the put buyers to get involved again.”

Video length: 00:01:09