Euro holds tight against the yen and the dollar due to the lack of important economic data that could affect the course of trading. Add that could have a small impact report, which showed that the trade surplus currency bloc of 17 countries in April was below the record high. Trade data showed that in April, the euro zone recorded a positive balance of foreign trade in goods in the amount of 14.9 billion euros (19.9 billion dollars), as the region's exports exceeded imports. Although this is a surplus above the level of 3.3 billion euros, recorded in April 2012, it is well below the record high of 22.5 billion euros achieved in March. Total exports in April amounted to 161.3 billion euros against 165.6 billion euros in March. Imports in April rose to 146.4 billion euros against 143.0 billion in March. These data indicate that domestic demand is likely increased in the first month of the 2nd quarter, while foreign demand declined.

Value of the dollar sharply higher against the pound, which was a reaction to the U.S. data, which were released by the National Association of Home Builders.

According to the report NAHB, Housing Market Index in June rose to 52, adding 8 points compared to May. It should be noted that this is his biggest leap since the summer of 2002. For the first time since April 2006, the index reached a value greater than 50. Recall that the index value above 50 indicates that the number of companies that positively assessing the conditions for sales, exceeds the number of companies that give a negative assessment. The index has far surpassed the expectations of economists, who had forecast that the index would be 45 in June.

It should also be noted that housing is an important driving force of the economy, making significant contributions to the overall growth every quarter since mid-2011. Moreover, the industry provides a steady source of employment. Recall that new home sales remained near five-year high in the first four months of the year. This is a strong indication of the fact that among Americans is growing optimism about the economy and more and more they are willing to make large investments.

However, the industry is faced with obstacles. Interest rates are rising, making mortgages more expensive. In addition, there are concerns that the Federal Reserve will begin to measures to reduce the stimulus this year.

We add that even with the June increase, the index state of the housing market to be well below historical highs.

The Australian dollar declined significantly against the U.S. dollar, having lost in the course of trade of more than one figure. It should be noted that market participants focused on the publication of reports of the Reserve Bank of Australia, which will be published tomorrow and the meeting of the open market operations at the end of the week, which will be the most important event since the Australian calendar seems pretty loose for the current week.

EUR/USD $1.3200, $1.3225, $1.3230, $1.3300, $1.3350

USD/JPY Y93.50, Y94.00, Y94.50, Y95.00, Y95.50, Y95.95, Y96.00, Y96.25, Y96.60, Y96.65, Y96.75, Y97.00

AUD/USD $0.9600, $0.9635, $0.9660

USD/CHF Chf0.9275

USD/CAD C$1.0150

GBP/USD $1.5465, $1.5625, $1.5700

EUR/USD

Offers $1.3430/35, $1.3420, $1.3400, $1.3370/80, $1.3355/60

Bids $1.3310/00, $1.3250, $1.3220

GBP/USD

Offers $1.5850, $1.5800, $1.5760, $1.5750

Bids $1.5670, $1.5650, $1.5640, $1.5600, $1.5585/80

AUD/USD

Offers $0.9750, $0.9720, $0.9700, $0.9675/80, $0.9650/60, $0.9640/45

Bids $0.9595/90, $0.9580, $0.9560/50, $0.9540/35, $0.9500, $0.9480/75

EUR/JPY

Offers Y128.00, Y127.50, Y127.20/30, Y127.00

Bids Y126.10/00, Y125.80/70, Y125.60/50, Y125.30, Y125.00, Y124.50

EUR/GBP

Offers stg0.8595/600, stg0.8575/80, stg0.8560/65, stg0.8550, stg0.8530/40, stg0.8520

Bids stg0.8475/70, stg0.8465/60, stg0.8445/40, stg0.8420, stg0.8400

USD/JPY

Offers Y96.50, Y96.20, Y95.95/00, Y95.50, Y95.30/40

Bids Y94.60/50, Y94.20, Y94.10/00, Y93.80/75, Y93.50

Eurozone's trade in goods with the rest of the world resulted in a surplus in April, which was lower than a month earlier, data from Eurostat revealed Monday.

The trade surplus fell to EUR 14.9 billion in April from EUR 22.5 billion in March. A year earlier, the surplus amounted to EUR 3.3 billion.

Exports grew 9 percent year-on-year in April, following a flat result in March. Imports rose 1 percent annually, recovering marginally from 10 percent slump in the previous month.

Between April and March, the seasonally adjusted exports fell 0.8 percent while imports rose 0.5 percent.

Extra-EU27 trade balance was a EUR 9.2 billion surplus in April, compared with a surplus of EUR 15.9 billion in March and a deficit of EUR 13.4 billion in April 2012. Exports by EU 27 fell 0.2 percent month-on-month while imports remained stable.

EUR/USD $1.3000, $1.3200, $1.3225, $1.3230, $1.3350

USD/JPY Y93.50, Y94.00, Y94.50, Y95.00, Y95.50, Y95.95, Y96.00, Y96.25, Y96.60, Y96.65, Y96.75, Y97.00

AUD/USD $0.9600, $0.9635, $0.9660

USD/CHF Chf0.9275

USD/CAD C$1.0150

01:30 Australia New Motor Vehicle Sales (MoM) May -1.6% 0.0%

01:30 Australia New Motor Vehicle Sales (YoY) May +3.3% +0.2%

The euro climbed against the yen before European data on the region's trade balance due today as inflows in the region support the best-performing currency among majors this year. The European Union's statistics office in Luxembourg is due to release April trade data for the region today. Euro-area exports exceeded imports by 18.7 billion euros ($25 billion) in March on a seasonally adjusted basis, the biggest trade surplus on record going back to 1999, figures showed last month.

The Dollar Index snapped a five-day decline before the Federal Reserve starts a two-day policy meeting tomorrow as investors weigh when the central bank will curb bond purchases.

Japan's currency weakened versus all its major peers after a technical indicator signaled that its recent gain was too rapid. The yen's 14-day relative-strength index against the dollar climbed to 70 on June 14, a level that some traders see as a signal that an asset's price has risen too far, too fast and is due to reverse course. The RSI for Japan's currency against the euro was 66 at the end of last week.

EUR / USD: during the Asian session the pair fell below $ 1.3330

GBP / USD: during the Asian session the pair fell below $ 1.5700

USD / JPY: during the Asian session the pair rose to Y94.80

There is a full calendar Monday, including the start of the latest G8 gathering in Northern Ireland. However, the main focus of the week is undoubtedly going to be the FOMC meeting and any possible clarification of the Fed's position on tapering bond purchases. The first data release is expected at 0900GMT, with the release of the EMU first quarter labour costs and the April EMU trade balance. At 1000GMT, the Bundesbank will release the June monthly bulletin. At 1315GMT, ECB Executive Board member Joerg Asmussen will participate in a financial market dialogue on ECB policy, in Magdeburg, Germany. There are further European comments expected from 1430GMT, when EU Economics and Monetary Affairs Commissioner Olli Rehn will discuss national policy recommendations at the European Parliament's ECON committee, in Brussels. At 1510GMT, ECB Governing Council member Jens Weidmann is slated to speak on the "Challenges in Monetary Union", in Bremen. Then, at 1630GMT, ECB Governing Council member Ewald Nowotny will appear on a panel at the House of Industry, in Vienna

01:30 Australia New Motor Vehicle Sales (MoM) May -1.6%

01:30 Australia New Motor Vehicle Sales (YoY) May +3.3%

09:00 Eurozone Trade Balance s.a. April 18.7 21.2

12:30 Canada Foreign Securities Purchases April 1.19 4.59

14:00 U.S. NAHB Housing Market Index June 44 45

15:10 Eurozone ECB's Jens Weidmann Speaks

17:00 G8 G8 Meetings