What is it? The European Court of Justice is due to announce a ruling regarding the constitutionality of the European Central Bank's Outright Monetary Transactions policy in Luxemburg.

When? June 16th at 3:36am Eastern Time.

Trading Tips: This announcement can greatly affect the EUR so make sure to follow it!

 

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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. Griping about Greece

The negative tone can be attributed directly to Greece, after the latest round of talks between the small nation and its creditors collapsed on Sunday.

The main market index in Greece is down by about 5%, led by a major drop in banking shares, including a 12% plunge in shares in Piraeus Bank (BPIRF). Greek 10-year bond yields are rising to nearly 12.4%.

Many other key indexes in Europe are also down by more than 1%.

Greece urgently needs more money to pay its bills, but hasn't been able to reach an agreement as the two sides wrangle over the terms of a deal.

The failure of Sunday's talks piles pressure on Greece to get a deal when European finance ministers meet on Thursday in Brussels. The risk of default is rising fast, and that could cause the country to stumble out of the eurozone.

 

2. Saudi stocks

Saudi Arabia's stock market officially opens up to foreign investors Monday.

However, ordinary investors won't be able to buy shares.

At present, the rules only allow institutional investors such as banks, brokerages and fund managers to invest, and they have to have at least $5 billion in assets.

Shares in the local benchmark TASI index are declining by about 1% Monday, alongside other global stock markets.

 

3. Stock market movers -- Integrys Energy, Micron Technology

Shares of Integrys Energy (IEH) were up 2.9% in extended trading. This comes after the last of several state and federal regulatory agencies approved a deal that would see Wisconsin Energy (WEC) acquire Integrys for $9.1 billion.

 

4. Weekly market recap

Last week was an uninspiring time for stocks.

 

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What is it? it's a detailed record of the RBA reserve bank board's most recent meeting, providing in-depth insights into the economic conditions that influneced their decision on where to set interest rates.

When: 09:30pm 15/06/2015 

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

  

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What is it? It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? 09:15am 15/06/2015

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

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What is it? President Draghi is due to testify on monetary policy before the European Parliament's Economic and Monetary Affairs Committee, in Brussels.

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

When? June 15th at 9:00am Eastern Time.

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

 

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What is it? It checks the change in the total value of sales made by manufacturers.

It's a leading indicator of economic health - manufacturers are quickly affected by market conditions, and changes in their sales can be an early signal of future activity such as spending, hiring, and investment.

When? June 15th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

 

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