U.S. stocks presented a mixed picture Friday as the blue chips hovered around recent highs ahead of a long holiday weekend that includes a postponed meeting of Eurozone officials expected to keep a lid on Greece's debt troubles. Meanwhile, tech stocks lagged behind after Thursday's big rally.

The USD/CAD is currently trading 0.9958 down from this mornings opening of 0.9967. Traders are optimistic and moving to more risky assets as news from Greece of a possible agreement. Moves by the ECB on a new bond old bond swap, lifted the spirits of investors along with comments by Merkel and Monti that a deal might be in place by Monday.

Friday economic data in Europe and the US was mostly positive. Along with signals from Chancellor Merkel and also the ECB that a Greek deal might be close to materializing on Monday, investors were in more positive sentiments. Pushing the euro as high as 1.3997. Gold continued its descent as investors moved from safety to more risky assets.

The USD/CHF trading at 0.9184 after opening at 0.9193. The USD dropped today as investors sought riskier assets. After more optimism set in due to comments from Merkel and Monti in regards to Greece and the ECB bond swap which investors took as a good sign of progress.

The GBP/USD is currently at 1.5820 up 0.0020. The USD lost some of its appeal today as investors were more optimistic about a completed agreement with Greece, breathing a sigh of relief, investors to more risky assets. Merkel and Monti signaled there could be a deal in place on Monday and the ECB bond swap seems to be moving forward.

The EUR/USD continues its climb back up today, after falling below 1.30 in yesterdays mid day trading, the euro has been steadily rising. Ending the day at 1.3158 up .0029. The increased risk appetite is returning to the markets, after the ECB announced a bond swap with Greece and Merkel and Monti noted that there could be a deal as soon as Monday, but we have all heard this before.

Yesterday the EUR/USD was once again driven by conflicting factors. Early in the session, investors' disappointment on the difficult EMU decision making process to reach a Greek deal prevailed. Later in the session, good US economic data and a positive sentiment on risk helped EUR/USD to reverse the early losses.

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