USD Dollar (USD) – The Dollar gained slightly versus the higher yielding assets weakening versus the Yen after a tight range trading day. NASDAQ and Dow Jones declined by -0.08% and -0.18% respectively, posting their first loss in 5 trading sessions. Crude Oil gained by 0.44% closing at 80.16$ a barrel. Gold (XAU) weakened by -0.78% closing at 1,112.6$ an ounce. Today, CB Consumer Confidence is expected lower with 55 versus 55.9 prior. FOMC Member Bullard will speak in Richmond. EURO (EUR) –The Euro weakened slightly versus the Dollar after not being able to move above 1.365. Concerns over Greece's future continue to worry investors in the Euro region. Overall, EUR/USD traded with a low of 1.3574 and a high of 1.3654. EUR/USD has failed to move above the 1.3650 resistance level, and a continuance of the main downtrend is likely. Today, German Ifo Business Climate is expected higher with 96.2 versus 95.8 prior. British Pound (GBP) – The Pound remained unchanged versus the Dollar after a short range trading day due to lack of economic news. Overall, GBP/USD traded with a low of 1.5448 and a high of 1.5521. GBP/USD has corrected upwards after reaching oversold conditions according to the RSI indicator. GBP/USD main trend is still downwards, but a correction to 1.56 is possible. Today, Inflation Report Hearings will be held by the MPC. BBA Mortgage Approvals are expected slightly lower with 45.3K versus 45.9K prior. Japanese Yen (JPY) –The Yen gained versus most majors after speculations over Greece's bailout and the pace of the Fed's stimulus withdrawal continue to worry investors. Overall, USD/JPY traded with a low of 91.02 and a high of 91.90. USD/JPY has turned downwards after it failed to break above its daily 200 moving average. The daily 50 moving average is likely to act as support at the area of 91. Today, Trade Balance is expected slightly lower with 0.51T versus 0.52T prior.

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