During today’s early trading session, Asian markets traded lower as concerns over Greece continued to weigh down on sentiment. Yesterday talks between Greece and the European Union ended without reaching a compromise over extending the current bailout agreement, which is due to expire on February 28th.

During the European session, the Euro rebounded against the Dollar after yesterday’s sharp decline. On Tuesday the Euro dropped after talks between Greece and the EU collapsed without forming an agreement on the current €240 Billion Bailout. However, today trader’s sentiment was boosted after the release of positive data showing better than expected figures for the German ZEW Current Conditions and the release of the overall European ZEW Economic Sentiment. European stocks traded lower amid Greek concerns.

During today’s early US session, the USD index remained under pressure after the release of negative data.

Traders should await a number of important economic events taking place tomorrow including the BoJ Press conference, UK Average earnings index, USD PPI and the The Federal Open Market Committee (FOMC) Meeting Minutes.

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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

Greece is one step closer to being forced out of the Eurozone after debt talks with its creditors collapsed Monday.

But investors are taking the news in stride.

European stock markets are mixed in afternoon trading. Greek stock markets took a dive but then recovered most of their losses.

U.S. stock futures are looking relatively stable.

Greece has to figure out a plan to pay its bills and debts in the coming months and years, but the country's prospects are looking increasingly grim.

Greece's €240 billion ($273.1 billion) bailout program -- which is keeping it afloat -- is set to expire at the end of February. Without a new agreement with creditors, Greek banks could lose access to cash from the European Central Bank, and Greece could be ultimately forced out of the Eurozone.

2) Ukraine's Shaky Ceasefire

The agreed ceasefire in Ukraine isn't being observed as fighting continues in Debaltseve in Eastern Ukraine.

Continued fighting between Ukrainian forces and pro-Russian separatists threatens to put further pressure on the Russian ruble and stock markets, as international powers may consider more sanctions against Russia.

"The ruble has appreciated in recent days due to recovering oil prices," said Adam Slater, senior economist at Oxford Economics, "We think that this rebound will be limited due to the tensions in eastern Ukraine."

The ruble is rising by about 1% versus the U.S. dollar as oil futures remain steady around $53 per barrel.

A ceasefire was due to be fully implemented Sunday, and all parties involved are supposed to start withdrawing their heavy weapons on Tuesday.

3) The Motion of Transocean

Watch trading in oil services company Transocean (RIG) Tuesday. Trading volume could be higher than normal after the company announced its CEO is leaving and it's planning to slash its dividend payments.

4) Earnings Update

Goodyear Tire (GT) is reporting earnings before the opening bell. Retailer Fossil (FOSL) and restaurant chain Potbelly (PBPB) will report after the close.

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? February 17^th - Tentative.

If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

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