Market Update for June 22

Hello everyone!

Sorry for having no update on Friday, but when I'm not trading, I won't be posting any updates. It's usually because I decided to not trade that day because of other commitments or just because I took the day off. In terms of last Friday, there were no news items on deck that I wanted to trade and I had made money for the week. I hate nothing more than making money every day and then go in and give money back on a Friday. It ruins my weekend! Needless to say, I had a nice weekend and was happy with my trading for the week.

To start the new week, we're looking at a quiet day in terms of data. All eyes and ears will be on the Greek situation. I'll be monitoring my Twitter and Dow Jones feed all day looking for any clues as to what's going to happen. This is what will drive the EUR/USD trade. In terms of the GBP/USD, Bank of England member Cunliffe speaks at 03:45 EDT today. At 10:00 EDT we have the one big data release out of the US and that is existing home sales data. Expectations are for 5.26 million for the month of May, up from 5.04 million in April.

In terms of technical numbers, there are no trade setups that I'm seeing that I really like. I'm more focused on the fundamentals, the headlines and the data. We'll see what today will bring. Right now the major currency pairs are just treading water waiting for something to happen. Hopefully I'll be in front of my screen to catch it!

As always, best of luck and happy trading!