Even though the Greek debt problem has permeated recent news, poor economic data and concern with a downturn in the U.S. has caused investors tension also.
This is certainly proved via the EUR/USD pair by which investors are not able to decide which of the two currencies is the uglier.
The U.S. will release Pending Homes Sales results today after a bad S&P/CS Composite-20 HPI yesterday - which proved the housing market is still in a condition of depression.
The Greek government is slated to vote on their austerity measures this afternoon and this will be watched by all as a lynchpin concerning the 'confidence game' which has played out from the E.U. concerning the debt dilemma.
Gold continues to trade in a consolidated manner and traders must be on the outlook for a breakout.
