The EUR/USD is still trading under the 1.45 level after trading near a two month high in Asia. The Euro was helped by a bank led rally in Greek stocks.

There is little in the way of news out of Europe today, the Euro broke 1.4430 however there was good support at 1.4395. Near term resistance is seen at 1.4525 with strong resistance seen at 1.4550.

News out of the US later today 14:00 GMT regarding Consumer Confidence will set the tone for the US session with traders' expectations for important US data during the week to ease worries about the global economic recovery.

Single-family home prices dipped in June from May as the market continued to crawl along at depressed levels, a closely watched survey said on Tuesday.

The S&P/Case-Shiller composite index of 20 metropolitan areas slipped 0.1 percent on a seasonally adjusted basis. A Reuters poll of economists had expected prices to be unchanged. On a non-seasonally adjusted basis, the index rose 1.1 percent.

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Shayne Heffernan

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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