Greek Payment And Bank Deal Push EUR

Greek Payment And Bank Deal Push EUR

The euro (EUR) is rising against most of its major counterparts, following the decision by eurozone’s Finance Ministers to approve Greece’s next bailout tranche. The debt-ridden nation will receive a total of EUR 49.1 billion by March. The financial aid, vital to avoid a potential default, comes one day after the finance ministers from EU's 27 countries agreed to provide the European Central Bank (ECB) the authority to directly oversee the eurozone's biggest banks and interfere in smaller banks when needed. The market sentiment is positive and growing as the year nears its end, and some interesting trends have already been established.

The US 500 (SPI) and US Tech (NDQ) are still trading near yearly highs and their performance has captured investors’ attention worldwide. Equity indices are traditionally strong in December and this can also be confirmed by the steady appreciation of the UK 100 (FTS) and the GER 30 (DAX).

GOLD (XAU) is rising against the US dollar (USD) early in the EU session, after it depreciated by 12 dollars yesterday. The precious metal is currently trading just below the psychological 1700 level.

The Australian dollar (AUD) is trying to challenge the multi-week high that it set at 1.0585 versus the US dollar (USD) on Wednesday.

The Canadian dollar (CAD) is weakening against most of its counterparts, for a number of consecutive sessions.