Note that all coverage of the Italian elections is in the Special post. What a day: JPY move astounding, EURUSD within normal bearish daily range (the move only looks huge if you include the intra-day rally ahead of the first election results), stock markets sold off. So, EURUSD is down a lot, and dropped below key support areas. Technically difficult environment: the longer-term bull trend looks like it has ended, but are we in a bear trend now, or just range-trading for a while? I'm looking forward to Bernanke's talk tomorrow at 15:00 GMT and on Wednesday as well - he has even more reason now to sound a bit dovish. But... if they start to grill him on the effectiveness of the QE programs, and his answers seem weak, the fears that the QE is about to end might flame up again. I'll be watching the charts..
Previously on MoreLiver’s:
Special: Italian Elections
(updated!)
Off-Topic
Off-Topic
Weekly Support (weekly market reviews and
previews)
Roundups &
Commentary
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
The Closer – alphaville
/ FT
*Roundup – Kiron
Sarkar / The Big Picture
Tomorrow’s Tape: Bernanke on the Hill – WSJ
Thoughts on Moody’s downgrade of UK sovereign debt
US: Market Plunges As European Crisis Is Back– ZH
EUROPE
Unemployment now the
main problem in eurozone – euobserver
A Tale of Two Adjustments – Krugman
/ NYT
UNITED STATES
The sequester stops
being polite and starts getting specific – Wonkblog
/ WP
ASIA
BOJ Pick Will Need Powers of Persuasion – WSJ
Haruhiko
Kuroda's first job as Bank of Japan governor may be to convince people he is a
little crazy.
OTHER
This Is What A
Disorderly FXit Looks Like – ZH
IN FINNISH
Humun raportti kallis kupla – Apu
Puhallus. Huippu-urheilun
muutostyöryhmän eli Humun hintava loppuraportti on osoittautunut
asiantuntijoiden mukaan nollatutkimuksen arvoiseksi.