Daily Newsletter: 22/06/2011 By Peter Rosenstreich - Swissquote Bank, Geneva, Switzerland

Today's Economic Calendar:  TIME (GMT)    EVENT  VALUE NAME   CONS.   06:45    FR:Business Climate Indicator Level 106   08:30    GB:BoE MPC Minutes    11:00    US:MBA Purchase Applications Purchase Index - W/W Change 0%       Refinance Index - W/W Change 0%       Composite Index - W/W Change 0%   14:00    US:FHFA House Price Index M/M change 0%       Y/Y change 0%   14:30    US:EIA Petroleum Status Report Crude oil inventories (weekly change) 0M barrels       Gasoline (weekly change) 0M barrels       Distillates (weekly change) 0M barrels   16:30    US:FOMC Meeting Announcement Federal Funds Rate - Target Level 0%   Full week Economic Calendar

ACM: Greek Government Survives…for Now

News and Events: With Greek socialist PM Papadreou winning yesterday's vote of confidence, Europe can breathe a temporary sign of relief.  US equity markets were higher with S&P up 1.34% and NASDAQ 2.1%. CDS prices eased slightly, with Greece obviously seeing the greatest drop.  Wednesday, but it’s universally expected that there will be no change in fund funds rate. Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4653 1.6313 82.79 0.8734 1.4593 1.6280 81.33 0.8670 1.4452 1.6200 80.68 0.8550 1.4396 1.6150 80.18 0.8416 1.4325 1.6142 80.00 0.8348 1.4303 1.6079 79.57 0.8300 1.4150 1.6000 76.40 0.8200 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot

Quick access to our 5 previous newsletters:  Waiting on Greek Confidence Vote Results  Events in Greece Hurt Risk Appetite  Uncertainty Around Greece Remains  Safe-Haven Flows Dominate  Lack of Agreement Triggers EUR Weakness