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Sunday, May 10

10th May - 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. This post will be updated as new material is published.

Previously on MoreLiver’s:

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Weekly ScoreboardBetween The Hedges

Friday’s Price MonitorGlobal Macro Monitor

Tyler’s Weekly Market WrapZH
Buying-Panic Sends Nasdaq Green On The Week Amid Europe's 2nd Best Day In 4 Years

US Schedule for WeekBill McBride

Economic Calendar – Berenberg

Economic CalendarHandelsbanken

UK Next Week’s AgendaHandelsbanken

World Week Ahead – WSJ

Global Central Banks Calendar – WSJ

Week Ahead – ZH

5 Things to Watch on the Economic CalendarWSJ

Wall St Week AheadReuters
Wage increases in focus ahead of retail earnings

Global Economy Week Ahead – Reuters

Forecasts at a glanceBerenberg
Global: Cheap oil, supportive central banks, but some emerging markets look shaky * US:
Solid fundamentals, strong dollar hurts a little; 2.5% growth in 2015 * China: No hard landing, growth slowing gradually to 6.7% in 2016 * Japan: Artificial stimulus has faded, future hinges on reforms * Eurozone: Periphery firming, core rebounding but Russian/Greek risks * UK: Pro-business government re-elected – recovery continues

Weighing the Week Ahead – A Dash of Insight

EU Week Ahead: Eurozone, Eurogroup, MigrationWSJ

Weekly Market OutlookMoody’s

Five Questions that May Be Answered in the Week Ahead Marc Chandler

Weekly FocusDanske Bank
Focus on Greece, euro group  meeting  on  Monday. Summer crunch time as the real deadline * GDP growth in the euro area of 0.5% q/q in Q1 * An  increase  in  core  retail  sales  in  the  US.  A  stronger  pace  of  private consumption is key to our outlook for US growth this year * Unlikely to be any surprises at UK MPC meeting, but look out for the new Inflation Report and minutes from the meeting * Chinese industrial production still to suggest GDP growth below 7% y/y.

Week AheadNordea
The Eurogroup meeting on Monday is unlikely to lead to an agreement between Greece and its creditors, but there should be money enough for the IMF payment due on Tuesday. We expect Euro-area GDP to have grown by 0.4% q/q in Q1, up from 0.3% in Q4. In the US second tier data is delivered with retail sales being the most important. The BoE is expected to leave policy on hold at its May MPC meeting, still waiting for wages to pick up. In the Nordics as well as in China, inflation is on the agenda.

Macro Weekly – Shock adjustmentABN AMRO
Financial markets have shown violent moves during the last two weeks or so. And these moves have, to a large extent, been in tandem. Bond yields have risen sharply, particularly in Europe, the euro has strengthened and equities have sold off (especially in Europe). To be frank, I did not see this coming, so I can offer only post-mortem commentary. Such dramatic moves demand a verdict. Is this just a temporary correction or is it the beginning of a much longer and bigger move in markets? Taking economic fundamentals as my lead, I conclude that it is most likely temporary, although that does not necessarily mean that we will see a rebound in all markets concerned in the near future. Meanwhile, interpreting economic data is also becoming something of a challenge. How, for example, do disappointing US growth numbers and a steadily strengthening labour market add up? Well, they don’t, really.

Weekly Market SummaryThe Fat Pitch
Concerns: technicals, sentiment, possibly valuation. Not concerns: macro, corporate results

Euro rates updateNordea

Euro Rates Weekly – Bund blowout haltedABN AMRO
After the selloff, the rates market is licking its wounds and trying to get its footing back * Market sentiment has changed but we still think that speculation on an QE exit is premature * The violent market correction suggests that eurozone QE has become a textbook QE case * We see room for a bounce back in the short term and see value in 2s5s of core bond markets * We expect that volatility and lower liquidity will continue to rock the market

Euro Corporate Weekly – Meltdown of total returnsABN AMRO
Correction in Bunds crushed total returns in credit * Total return for Non-Financials senior went back to square one * Total returns of AA and A rated credit paper dive into negative territory * Credit spreads remained very resilient amid market turmoil * With a beat:miss ratio of 5:3, results remain better than expected

FX OutlookMarc Chandler
The Dollar's Downside Momentum Stalled, but Does it Presage a Recovery?

G10 FX Weekly – Dollar recovery aheadABN AMRO
Government bond developments support the euro…while the US dollar sell-off continues * Conservative win boosts sterling

EM FX Weekly – Mixed performanceABN AMRO
Asian currencies fail to profit from dollar weakness * Monetary policy in Eastern Europe remains supportive

FX 4 Next Week: No direction homeTF
US nonfarm payrolls report gives little clarity * GBP rallying on decisive election win for the Tories * NZD weakness expected to continue * Norges Bank declines to cut rates, boosting NOK

Economic Calendar –
Economic Calendar – BB
EU calendar –

Global Central Banks Calendar – WSJ
Central Bank Release Calendar – Daily FX