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Sunday, January 6

6th Jan - Weekender: Weekly Support

US earnings, Fed policy and on top of the fiscal cliff, also the debt ceiling are coming to focus. ECB and BoE meetings are the main events, US data is slow - so it will be a week dominated by deciphering statements from political leaders and the first earnings reports coming from the US.

Previously on MoreLiver’s:                  

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Weekly Scoreboard – Between The Hedges
Weekly Eurozone Watch – Global Macro Monitor
Week in Review – Global Macro Monitor
US market portrait 2013 week 1 – Portfolio Probe
U.S. Equity Sector ETF Performance – Global Macro Monitor

Summary for Week ending 4-JanCalculated Risk
The key story of the week was the fiscal agreement. Unfortunately the media did an excellent job of confusing most people…The economic data was mixed…It appears 2012 ended with sluggish growth. There are reasons for optimism for 2013, but the austerity at the Federal level will be a significant drag all year.

The Weekenderbeyondbrics / FT
(podcast) MarketBeat Week Jobs, Debt Ceiling and Search for YieldMarketBeat / WSJ
The pros and cons of the December jobs report, the looming debt ceiling and the search for yield in 2013.

Schedule for Week of 6-JanCalculated Risk
The key report for this week will be the November trade balance report on Friday.

Next Week’s TapeMarketBeat / WSJ
Next week brings the first batch of earnings reports, led by bellwethers Alcoa and Wells Fargo; there are also reports on the trade deficit and small-business sentiment.

S&P 500 Earnings Week AheadReuters

Wall Street Week Ahead: 'Cliff' concerns give way to earnings focusReuters
Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

(video) Europe Week Ahead: Old year worries remain unchangedReuters

(video) Asia Week Ahead: Japan CEOs speak out on prospects for 2013Reuters

(video) US Week Ahead: Wells Fargo the only earnings that matterReuters

Weekly Preview: Here I go againBNY Mellon

Weekly Focus: ECB meeting kicks off 2013Danske Bank (pdf)
The main event next week will be the meeting of the governing council of the European Central Bank scheduled for Thursday. Although speculation about a rate cut rose following last month’s meeting, we expect the ECB to remain on hold. The Bank of England’s monetary policy council also meets on Thursday and we expect rates to be kept on hold here as well.

Weighing the Week Ahead: Are Earnings Expectations Too High?A Dash of Insight
Forward earnings estimates are at an all-time high.  The oft-repeated pundit opinion is that analyst estimates are excessive and must be reduced. The January earnings season often includes full-year guidance.  This is always interesting, but perhaps even more so right now.

FX Positioning and Technical OutlookMarc to Market
One of the most important decisions participants in the foreign exchange must make is whether to view the dramatic pullback in most of the major foreign currencies seen in the early days of the new year as a reversal of the trend or as simply an overdue correction.

The Weekly T Report: – TF Market Advisors

Weekly Credit UpdateDanske Bank (pdf)

EMEA WeeklyDanske Bank (pdf)

Emerging: Week Aheadbeyondbrics / FT

EU Agendaeuobserver
Ireland takes over the EU presidency this week, amid promises to help restore growth to the European economy. 

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

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