Fundamental Analysis, June 29, 2011

Despite public protests and violence that erupted yesterday in the streets of Athens, investors seem confident that the vote of the Greek parliament needed to push through further austerity measures will pass. That sentiment is helping to boost the euro against the U.S. dollar.

During today the vote on the Greek Parliament's austerity plan is expected, as hundreds of investors define their strategies based on the outcome of treatment that provides the Hellenic Parliament.

All publications of the day will remain in the background, as the market will be very attentive to Greece.

For now a volatile day is expected while awaiting several U.S. publications, plus the day's key from the hand of Greece.

In the United States housing data and oil inventories will be published, after Obama said he would release some oil reserves to combat the constant rise of this commodity. Therefore, be attentive to the level of risk aversion and treatment of Hellenic austerity plan.