Now that payrolls are out of the way, the market can turn its attention to the Washington summit next weekend. Sarkozy is on the wires saying the EU wants to push an aggressive agenda but warnd against too much regulation. It is unclear what the exact agenda is, but expect to hear “transparency” as much as Americans heard the word “change” in the month of October.
EUR/JPY continues to rebound, approaching resistance at 126.35/40. Stocks in both the US and Europe are rebounding after sharp losses in recent sessions.
