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What is it? Governor Carney is due to hold a press conference, along with other MPC members, about the Inflation Report, in London.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? February 12^th at 5:30am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

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During today’s early trading session, Asian markets were lower as concerns over Greece weighed down on sentiment. Investors await to see whether the government will reach a compromise before the current bailout expires later this month. Despite positive Australian Home loans data, currency markets traded with low volatility this morning, as Japanese markets are closed for a public holiday.

European stocks are trading lower after Minister Yanis Varoufakis won a parliamentary confidence vote for its disagreeance to extend the existing bailout agreement. Once expired it could cause the country’s exit from the EU. Currency markets are trading cautiously today ahead of Greek talks, and due to lack of European data. Volatility should pick up after a number of releases tomorrow, including the German CPI and HICP reports.

During early US trade oil continued to drop and is currently trading below $50 a barrel. This decline came after the the International Energy Agency (IEA) warned about global supply and demand. At the opening of the American session, the Dollar jumped against the EUR, Yen and the CAD after the currency is boosted as a safe haven asset due to the political situation in Greece.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) Greek Tragedy?

European finance officials will hold emergency talks in Brussels at 11:30am. ET in an attempt to map out the future of Greece's bailout program.

Greece is looking to secure a bridge loan for a few months, giving it time to hammer out a replacement to the existing bailout program which expires on February 28. The country's newly elected government wants to reverse a string of economic reforms in defiance of the terms set by its international lenders.

But its lenders in Europe -- which have collectively given Greece about €240 billion ($272 billion) over the past five years -- want Greece to stick to the terms of its bailout. A new debt crisis could end up pushing Greece out of the eurozone.

Kit Juckes, a market strategist at Societe Generale, says investors expect a deal will be hashed out.

"Markets are priced for some kind of stop-gap deal which allows the European Central Bank to continue financing Greek banks and lets talks continue," he said.

Greece's main stock market index is declining by about 3%.

2) Ukraine Talks Continue

World leaders are also trying to agree on how to stop the bloodshed and violence in Eastern Ukraine.

President Obama spoke on the phone with Russian President Vladimir Putin last night to discuss the situation. Putin is flying to Minsk Wednesday to speak with political leaders about a new peace deal.

Western nations have accused Russia of contributing to the violence and separatist tensions in Eastern Ukraine, and have responded by issuing harsh sanctions against Russia. More sanctions against Russia could come into force next week.

3) Corporate Earnings and Updates

PepsiCo (PEP), Mondelez (MDLZ) and Time Warner (TWC), which owns CNN, are reporting quarterly earnings before the opening bell.

Cisco (CSCO, Tech30), Tesla Motors (TSLA) and Whole Foods (WFM) will report after the close.

4) Tuesday Market Recap

The Dow Jones industrial average gained 140 points, while the S&P 500 rose 1.1% and the Nasdaq moved up by 1.3%.

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