Currency Updates:
U.S. Dollar Trading (US) the market continued its jittery recovery with optimism a deal on aid to Greece would be achieved. With little data out the market is looking to the FOMC meeting for clues about future US monetary policy. In US stocks, DJIA +76   points closing at 12080, S& P +6 points closing at 1278 and NASDAQ +13 points closing at 2629. Looking ahead, May Existing Home Sales forecast at 4.8mn vs. 5.05mn previously.
The Euro (EUR) the Greece story continued to dominate the market news with skepticism in Asia met with a flurry of supportive official comments from the EU. The Greece PM faces a confidence vote on Tuesday that  could prove pivotal in passing the Austerity measures needed to receive further aid. Overall the EUR/USD traded with a low of 1.4190 and a high of 1.4385 before closing the day around 1.4360 in the New York session. Looking ahead, June German Zew Forecast at 89.5 vs. 91.5 previously.
The Japanese Yen (JPY) solid support for USD/JPY at Y80 helped stabilize the major and strong EUR/JPY buying late in the day helped lift the pair higher. The outcome for Greece and the FOMC meeting tomorrow is main event risk for the safe haven currency this week. Overall the USD/JPY traded with a low of 80.01 and a high of 80.38 before closing the day around 80.20 in the New York session.
The Sterling (GBP) stumbled along with some downside seen on general strike fears. The government announced over the weekend that the working age will be increased to receive a pension in an effort to save billions in future payouts. A strong bounce into the close was seen as cable tracked the Euro higher. Overall the GBP/USD traded with a low of 1.6107 and a high of 1.6256 before closing the day at 1.6225 in the New York session. Looking ahead, June CBI distributive trades forecast at -5 vs. -2 previously.
The Australian Dollar (AUD) was helped off lows on a combination of positive Greece/Brazil upgrade news and a strong move higher in commodities. A rally in stocks markets from here could see the 1.0700 level come back into target. Overall the AUD/USD traded with a low of 1.0495 and a high of 1.0618 before closing the day at 1.0605 in the New York session. Looking ahead, June RBA Meeting Minutes.
Oil & Gold (XAU) tested higher but fell back to opening levels in quiet trade. Overall trading with a low of USD$1533 and high of USD $1546 before ending the New York session at USD$1539 an ounce. Oil bounce bank above the 200 DMA in a sharp reversal of sentiment. WTI Oil Closed +1.70 at $94.10 a barrel.
