Look everyone, “a ‘tree’ grows in Greece”. The E.U. and IMF were able to work out yet another financial deal for the troubled nation last night and it appears likely that Greece will receive another large aid payment soon. The deal must be approved via several trans-national bodies including German dictates, but it seems a mere formality. An epic book could be written about the possible ramifications regarding this latest package, but more than anything else it gives Greece more time and the ‘appearance’ of working towards a goal.

So while it is not a miracle that the Eurogroup has configured another format for Greece, it is another resounding accomplishment for the ‘confidence game’ that battles on. The EUR has maintained its higher values through trading yesterday and into the morning session this Tuesday. Gold also has shown the ability to consolidate and perch itself kindly, not moving very much from its mark twenty-four hours ago. As of this writing the precious metal is near 1749.00 USD. Crude Oil has also traded in a tight range.

In a move that took most investors by surprise yesterday, Mark Carney from the Bank of Canada was appointed as the governor of the Bank of England. Mr. Carney’s naming has received plaudits thus far. The GBP like the EUR and most of the broad markets held its value yesterday. Revised GDP numbers will be coming from the U.K. quite soon.

With Wall Street returning to larger volumes yesterday the major indexes mostly declined, albeit moderately. The NASDAQ was able to turn in slight gains it should be noted. Plenty of data will come from the States today including Core Durable Goods figures and the CB Consumer Confidence reading. However investors are likely to focus on the news coming from Europe which on the surface will be seen as positive. After reading the fine print it might turn out that investors will have many questions about this new financial package for Greece, but it can be counted upon that a large swatch of investors will calmly acknowledge that the E.U. has managed to kick some of their problems down the block once again. And from nearby the Americans will also hear talk about the political wranglings surrounding the U.S. debt burden and the so-called ‘fiscal cliff’.

In short the markets proved cautious in Monday’s trading and as investors seek any signs of optimism, they may try to grab for the Greek financial package as such. Short-term risk may come into vogue. But economic data, fine print, and genuine concerns remain problematic.