Asian equities discounted the Paris attacks on the open, as risk-off sentiment hit and drove Gold higher, Euro lower and Jpy pairs lower. However, this is not 9/11 and markets are already stabilizing. So I’m not going to change the watchlist just yet. Some opportunities to short EU equities might open up but on FX I’m sticking to yesterday’s watchlist.
Looking ahead, ECB’s Constancio (9.30 CET), Draghi (11.15 CET) and Coeure (17.00 CET) will speak during the day and the market will keep an eye out for signals on monetary policy ahead of the next ECB meeting in December. We also have EU CPI so focusing on the Euro pairs should prove to be beneficial today.
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