Today's Economic Calendar:

TIME (GMT)    EVENT  VALUE NAME   CONS.   04:30    JP:All Industry Index Month over Month 0%       Year over Year 0%   06:00    DE:PPI Month over Month 0.1%       Year over Year 6.3%   Full week Economic Calendar

Events in Greece Hurt Risk Appetite

News and Events: The optimism surrounding the Greece situation slowly eroded as market digested the events of last week and determined that they lacked substance. The biggest splash of cold water, was news that the Eurogroup would wait until early July before deciding on Greek financing, which further hurt risk appetite.  The one event that will stay on most traders calendars will be the FOMC rate decision and subsequent press conference.  The currency to watch will be the CHF. Currently the franc's short term position seems slightly stretched against the USD and EUR Read Today's Key Issues and The Risk Today

Resistance and Support: EURUSD GBPUSD USDJPY USDCHF 1.4653 1.6442 82.79 0.8734 1.4497 1.6224 81.78 0.8662 1.4339 1.6200 81.05 0.8551 1.4233 1.6162 80.28 0.8458 1.4183 1.6060 80.00 0.8443 1.4128 1.6000 79.57 0.8328 1.3970 1.5973 76.40 0.8300 S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot