Market Sentiment Positive

Market Sentiment Positive

The euro (EUR) has been strengthening against most of its major counterparts, as market participants risk appetite picks up after US House Speaker Boehner unexpectedly withdrew the proposal of asking the House to vote on a Republican plan to avert the fiscal cliff. He did so, because as it seems the plan would have not passed.

The euro (EUR) looks set to challenge 1.32 versus the US dollar (USD) early in the EU session.

Japanese yen (JPY) weakened considerably over the past weeks and especially during the last trading sessions following Japan's elections. The Bank of Japan (BoJ) decided to add another JPY 10 trillion to the Asset Purchase Program over the past week. However, they left the inflation target unchanged but this may change in the near future.

The US 500 (SPI) and US Tech (NDQ) nosedived following the opening of the market for this week. Both indices will close early today at 16:00 GMT.
The GER 30 (DAX) is closed for the day, while the UK 100 (FTS) will close early at 13:00.
Trading in all currencies, commodities and precious metals will cease at 18:00 GMT and will recommence on Wednesday, the 26th of December at 07:00 GMT.