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Saturday, January 4

4th Jan - W/E: Weekly Support

 Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here.

Previously on MoreLiver’s:

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Friday Close
Market Prices – Global Macro Monitor
US: Bernanke "Swan Song" Fails To Offset Worst Start To Year Since 2008 – ZH
Weekly Scoreboard – Between The Hedges

Succinct summation of week’s eventsThe Big Picture

Schedule for WeekCalculated Risk
The key report this week is the December employment report to be released on Friday. Other key reports include the December ISM non-manufacturing report on Monday and the November trade report on Tuesday.

Economic CalendarBerenberg
ECB and BoE policy (9 Jan): no change * Eurozone inflation (7 Jan): very low * US labour market (10 Jan): solid uptrend

Economic CalendarHandelsbanken

UK Next Week's Agenda and Wrap UpHandelsbanken

Wall Street Week AheadReuters
Investors in U.S. stocks will be looking to Washington next week, awaiting key jobs data and minutes from the Federal Reserve's most recent meeting, when it decided to cut its unprecedented monetary stimulus.

5 Things to Watch on the Economic CalendarWSJ
Another Healthy Gain in Payrolls Expected * Fed Minutes Will Detail Tapering Decision * A Flock of Fed Speakers Will Take to the Podium * A Year-End Look at the Service Sector * Foreign Trade Flows Signal Better Global Growth

Europe’s Week Ahead: Central Bank Meetings Loom LargeWSJ

EU Week Ahead Jan 6 – 12WSJ
Greece kicks off its presidency with events for the Brussels press corp in Athens, while the European Parliament reconvenes after the holidays.

Weighing the Week AheadA Dash of Insight

There have been two schools of thought. 1) Those who believe that asset prices are strictly the result of Fed policy. For these people, good news is bad. 2) Those who see the Fed impact as marginal and diminishing. For these people the economy, earnings, and reduced fear are the driving market forces.

Key events in the week ahead by Goldman Sachs – ZH

Weekly FocusDanske Bank
We expect the December inflation data for the euro area to show a fairly sharp fall to a new low of just 0.6%. This would put pressure on the ECB to ease monetary policy despite the nascent recovery and, in our view, it will probably cave, although we do not expect this to happen at the coming week’s rate-setting meeting

Week AheadNordea
US: We expect another strong labour market report (nonfarm payrolls: +200 m/m) allowing the Fed to pursue the tapering course it announced on 18 December. Euro area: We expect no new signals from Mr Draghi at next week’s ECB meeting and we see Euro-area flash HICP inflation at 0.9% y/y in December, unchanged from November. Scandinavia: We expect the Riksbank minutes from the 17 December meeting to strike a dovish tone, motivating the rate cut by 25bp. Low inflation will be the focal point.

Strategy: ECB cut still possible despite firmer recoveryDanske Bank
Strong data justifies Fed’s tapering decision * Lower inflation is still expected to pave the way for
a negative deposit rate from the ECB * Recovery in euro peripherals supports further yield spread compression * Stress eases in China but growth losing momentum * H1 14 challenging for emerging markets

FX Outlook: Position Adjustment or Trend Reversal? Marc to Market
Last week, which straddled the New Year holiday, saw a reversal in the trends seen in second half of Q4 13.  These trends were characterized by the strength of the euro, sterling and the handful of currencies that move in their orbit, like the Swiss franc, and Danish krone and the weakness of the yen and dollar bloc currencies.

Four Drivers in the Week AheadMarc to Market
Significance of last week's price action * Interest rate differentials * Central banks * Economic data

Economic Calendar –
Economic Calendar – BB
EU calendar –

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