Google Analytics

Saturday, December 8

8th Dec - Weekender: Weekly Support

Last week review, next previewed. Previous ‘Weekly Support’ here.

Previously on MoreLiver’s:
7- Dec US Close Payroll monster
7-Dec EU Open US Payroll day

Follow ‘MoreLiver’ on Twitter or Facebook 

Weekly Scoreboard – Between The Hedges
U.S. Equity Sector ETF Performance – Global Macro Monitor
Weekly Eurozone Watch – Global Macro Monitor
Week in Review – Global Macro Monitor
US market portrait 2012 week 50 Portfolio Probe

Summary for Week ending 7-DecCalculated Risk 
The November employment report was better than expected, but mostly because expectations were so low due to Hurricane Sandy

The Weekenderbeyondbrics / FT

Succinct summation of week’s eventsThe Big Picture

(audio) MarketBeat WeekWSJ
In this week's edition of MarketBeat Week, our Friday podcast, the crew discuss how the labor market was able to shrug off superstorm Sandy.

Week in reviewA View From My Screens

Week in Review: Gatorade, Michael Jordan and Insider TradingNYT
The S.E.C. didn't like a Netflix post on Facebook * Peter Lattman followed a trail of insider cases to SAC Capital Advisors * Citigroup said it would cut 11,000 jobs * Warren E. Buffett sat down for an interview with Andrew Ross Sorkin * Five firms were charged over audits in China * A trader at Morgan Stanley faces an inquiry on a possible manipulation * UBS is reported to be near a deal on rate rigging.

Politics this weekThe Economist

Business this weekThe Economist

Schedule for Week of 9-DecCalculated Risk 
The key event this week is the two day FOMC meeting on Tuesday and Wednesday.   With the coming conclusion of Operation Twist, there is a very strong possibility that the Fed will announce additional accommodation. The key reports for this week will be the October trade balance report on Tuesday, the November retail sales report on Thursday, Industrial Production on Friday, and November CPI also on Friday.

Next Week’s Tape: The Fed, Retail Sales, Consumer PricesWSJ
Next week brings a two-day Fed rate-setting meeting, as well as reports on retail sales, and consumer and producer prices. Earnings from Adobe, Costco, and Hovnanian.

S&P 500 Earnings Week AheadReuters

Wall Street Week Ahead: "Cliff" worries may drive tax sellingReuters
Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31.

(video) Europe Week Ahead: – Reuters

(video) Asia Week Ahead: Telecom IPO to test India market mettleReuters

(video) US Week Ahead:"Cliff" talks intensify; Fed terminates twistReuters

Global Week Ahead: Focus on policy makersNordea (pdf)          
or read the summary

Weekly Preview: Wind downBNY Mellon
We are reminded daily of the more immediate problem facing the region’s sovereigns – a problem whose very nature makes it difficult to address: a lack of growth due largely to the EUR itself. 

Weekly Focus: ECB opens the door for negative ratesDanske (pdf)
We expect Fed to replace the current Operation Twist programme with outright treasury purchases at the FOMC meeting next week * The deadline for a deal on the US fiscal cliff is moving closer and we expect Congressional leaders to meet for further negotiations * In the euro area, the main release is flash PMIs but politics will also be in focus with the EU summit and an extraordinary ECOFIN meeting scheduled next week. * We expect Chinese hard data to confirm soft data indications of a moderate recovery.

G10 Weekly: Swedish winter stormNordea (pdf)
Sweden: Winter storm * Fed: From twist to tango? * AUD: The IMF boost * Data watch: US NFP at 0

Global Scenarios: The tide is turningDanske Bank (pdf)
The global economy is set for a moderate recovery in 2013 * Decreasing uncertainty and more forceful stimulus underpin growth * Emerging Markets to give new impetus to global demand * The US economy is projected to strengthen after a short-term bump * The euro area leaves recession but growth stays weak * Main risks are the US f iscal cliff and re-escalation of the euro crisis 

Weighing the Week Ahead: Something New from the Fed?A Dash of Insight 

Market View: Currency Market PositioningThe Short Side of the Long 

FX Positioning and Technical Outlook: Stirred but not shakenMarc to Market
We have been tracking the deterioration of the US dollar's technical tone over the past three weeks.  That ended abruptly.

The Weekly T ReportTF Market Advisors

Weekly Credit UpdateDanske (pdf)
Christmas calm in credit markets but good return. Going into 2013 we prefer lower-rated non-financials.

EMEA Weekly, Week 50  Danske Bank (pdf)
We are bullish on RUB, PLN and believe it or not, HUF

Asia FX Outlook – Cooling downNordea (pdf)
Performance of the Asian currencies vs. the USD has been mixed over the past month. As the global risk sentiment worsens, the EM Asian currencies could take a hit and weaken in near term. (or read the summary)

Emerging: Week Aheadbeyondbrics / FT

Nordea Risk Perception IndexNordea (pdf)
Market reactions on balance indicating improved sentiment – especially out of Europe * Nordea Risk Perception Index has thus softened further – particularly driven by EM, Credit and Rates * Low-for-even-longer view may pressure vols further until year end * However, investors may be more cautious due to plenty of event risk * Continue applying vol markets either to benefit from underlying markets being range bound and/or to obtain protection against downside risks.

Minimal eurozone architecture tweaks at this week’s summit

Economic Calendar – Forexpros
Economic Calendar –
Monthly Economic Calendar –
Economic Calendar – BB
EU calendar –


Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank

Follow ‘MoreLiver’ on Twitter or Facebook