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Monday, November 5

5th Nov - US Open: Get Down

EURUSD breaking lower from the range. SPX still sitting near the range's bottom.


Previously on MoreLiver’s:

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

Morning MarketBeat: Traders Worry About Fed Ahead of Election – WSJ
Broker Note Briefing – WSJ
The T Report: A Paucity of Change, Greece & CPDOTF Market Advisors 
Six FX DriversMarc to Market 

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
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank
European 10yr Yields and Spreads – MTS indices
Economic Calendar – Forexpros

EUROPE
Buiter tackles Target2 (again)alphaville / FT
The rough conclusion is that even in the event of a catastrophic Eurozone meltdown, the Bundesbank would be just fine (at least in accounting terms) because it would end up as the de facto sole owner of the ECB. The German people would be less so, since the value of domestic and external assets would take a pummeling, but that’s not the fault of Target2.

Crisis and public support for the eurovoxeu.org
The Eurozone crisis has meant slow growth, rising unemployment, and social unrest. This column gauges the impact of all this on European citizens‘ opinions about the euro and EU institutions. Using Eurobarometer surveys, the authors find that, within the Eurozone, the crisis has only marginally lowered support for the euro but has led to a sharp fall in public trust in the ECB. 

German Intelligence Report: Aid to Cyprus Could Benefit Russian Oligarchs Spiegel

Cyprus could soon seek aid from the European Union's bailout fund. But according to a secret report by Germany's BND intelligence service, the aid might mainly benefit Russian oligarchs who have parked illegal money in bank accounts in Cyprus, SPIEGEL has learned. Russian deposits there total $26 billion.

US think tank: 'Let the eurozone fail'euobserver

US sees ECB chief as 'Mr Euro'euobserver

ECB probes potential blunder on Spanish loanseuobserver

UNITED STATES
An Investor’s Guide to the Presidential ElectionsThe Big Picture

Back to the Shiller p/eButtonwood’s / The Economist

What next for US homebuilders?Humble Student

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