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Tuesday, October 30

30th Oct - US "Open": JPY and EUR strong

EURUSD moving up from near the multiweek range's bottom. JPY 'surprised' everyone and after BoK printed, the yen strengthened. US markets still closed because the 'lady'.

Previously on MoreLiver’s:

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Roundups & Commentary
US Opening News And Market Re-Cap – Ransquawk / ZH
Frontrunning – ZH
Overnight Sentiment – ZH
The Lunch Wrap – alphaville / FT
Emerging N.Y. headlines – beyondbrics / FT
Today’s front pages – presseurop
Daily press summary – Open Europe

Morning MarketBeat: Signs of Calm in Europe’s Markets – WSJ
Broker Note Briefing – WSJ

US session ahead
Pre-market Commentary – Marketwatch
Pre-Market Trading – CNNMoney
Pre-Market – NASDAQ
Earnings & Events – The Street
MarketCurrents – Seeking Alpha

Debt crisis: live – The Telegraph
The Euro Crisis Blog – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros

Italy drifts back into the firing lineMacroScope / Reuters

A Europe of Solidarity, Not Only DisciplineProject Syndicate
George Soros: The decision at the EU summit in June to form a banking union, and the ECB’s commitment to unlimited intervention in the sovereign-bond market, could be a turning point for Europe were these steps reinforced with additional measures. Unfortunately, the EU’s unfolding tragedy characteristically feeds on such glimmers of hope.

ECB publishes structural financial indicators for 2011ECB

EU draft budget shows €50bn in cutsBrussels blog

Macro-prudential Research Network reviews findings after two years’ workECB

Research Euroland: Fact Book SpainDanske Bank (pdf)

Sandy could delay the BLS report, and has already sparked nuclear fearsalphaville / FT

New York Paralyzed As Subways Shut Down Indefinitely: Subway Chief: "Worst Disaster Ever"ZH

BOJ Moves, Market YawnsMarc to Market
In the face of a deteriorating economy and stubborn deflation, the Bank of Japan extended its assets purchase plan, but the bears had been hoping for more and they bought back the previously sold yen. 

More QE from Bank of JapanNordea

Japan: BoJ delivers another round of monetary stimulusDanske Bank (pdf)

A bento box of pressure at the BoJalphaville / FT

When ¥11 Trillion Is Not Enough: Japan's QE 9 Disappoints, Halflife Zero, Time For QE 10ZH

China's leadership transition facing 'chaos'The Age

Japanese Yen To SurpriseThe Short Side of The Long
It is my opinion that there isn't much value anywhere in the financial market environment today. However, one asset class that remains out of favour with investors are Soft commodities…almost everyone has turned negative on the Japanese Yen. The consensus voices are getting so loud, so strong and so unified, that it seems the Yen has become a one way bet.

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