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:
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
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
Reference
Debt
crisis: live – The
Telegraph
The Euro
Crisis Blog – WSJ
FX Options
Analytics – Saxo
Bank
European
10yr Yields and Spreads – MTS indices
Economic
Calendar – Forexpros
EUROPE
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 2011 – ECB
EU draft budget shows €50bn in cuts – Brussels
blog
Macro-prudential Research Network reviews
findings after two years’ work – ECB
UNITED STATES
ASIA
BOJ Moves, Market Yawns – Marc 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.
A bento box of pressure at the BoJ – alphaville
/ FT
OTHER
Japanese Yen To Surprise – The
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.