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 Scoreboard – Between The Hedges
Friday’s Price Monitor – Global Macro Monitor
Tyler’s Weekly Market Wrap – ZH
Week Of Epic Bond Volatility Ends With A Whimper
Succinct summation of week’s events – The Big Picture
US Schedule for Week – Calculated Risk
Economic Calendar – Berenberg
Eurozone industrial production: bright start to Q2? * Chinese “hard” data for May: stabilisation * US retail sales: cheap oil to boost consumption
Economic Calendar – Handelsbanken
UK Next Week’s Agenda – Handelsbanken
World Week Ahead – WSJ
A Reminder that the Gravy Train Will One Day End
Week Ahead – ZH
EU Week Ahead - WSJ
Two Summits and an ECHR Hearing on the U.K.
5 Things to Watch on the Economic Calendar – WSJ
Weekly Market Outlook – Moody’s
Weekly Focus – Danske Bank
We expect a 1.4% m/m increase in overall US retail sales in May on the back of an increase in auto sales and higher gasoline prices * Greece and its creditors will work on reaching an agreement on Greece’s fiscal woes before Thursday’s meeting of euro area finance ministry deputies * In China, we expect growth in industrial production to have stayed subdued at 5.9% y/y in May * In Scandi markets, focus will be on May’s inflation due to be released in Denmark, Norway and Sweden next week, in particular as rate cuts are looming in Norway and Sweden
Week Ahead – Nordea
US retail sales and labour market data will be in focus next week. In the Euro area, data releases include revised Q1 GDP numbers as well as industrial production estimates for April. In the Nordics, inflation is on the agenda.
Macro Weekly – Draghi and the bond market – ABN AMRO
ECB President Draghi has shown the magic touch on a number of occasions, managing to shape market expectations with a well-coined phrase. However, this week his signal that the central bank was prepared to step up QE if necessary fell on deaf ears, with Bund yields surging further, the euro strengthening and equity markets falling in the slip stream. We think the ECB will make further efforts to stem ongoing tightening in financial conditions, with further verbal intervention the next step. Meanwhile, Greece looks to have bought itself some more time by deferring IMF payments. Economic data this week was generally positive on both sides of the Atlantic. The strong US jobs data confirms the outlook for a September Fed rate hike.
Global Outlook: Cruising Speed – Berenberg
Forecasts at a glance – Berenberg
Viikkokatsaus: EKP: suurempaan markkinavolatiliteettiin pitää tottua – Nordea
Inflaatio plussan puolelle, 0,3 % * EKP:ltä vahvaa ennakoivaa viestintää * Ostot etupainotteisesti kesän aikana * Koroissa suuria liikkeitä –tähän pitää tottua * Lyhyemmän pään inflaatio-odotukset laskussa * Onko EKP:llä kommunikointiongelma?
Weekly Market Summary – The Fat Pitch
US equities have refused to become either oversold or overbought during the past several months. They are now down two weeks in a row and at point similar to where there has recently been a bounce higher. Failure to do so now would mark a change in character for this rangebound market. Ultimately, the washout low probably still lies ahead.
Euro Rates Weekly – Fear of volatility – ABN AMRO
The dovish tone of Mr Draghi’s speech fell on deaf ears earlier in the week * Government bond yields surged as Mario seemed to accept high volatility * We judge that the ECB should intervene as a tightening of financial conditions makes QE less effective and fear that the ECB has lost grip on markets * Intervention is also needed to restore trust of investors in the current dysfunctional market * We do not see an improvement of liquidity or lower volatility in the short term
Euro Corporate Weekly – Get used to high volatility – ABN AMRO
Draghi’s intervention to cap bond yields fails due to volatility remark, yields soar * Market is stuck between early QExit speculation and ECB intervention * Total returns are in negative territory for the second time this year * Credit curves steepen as investors find safe haven in short end of the curve
FX Outlook – Marc Chandler
The strong US employment data stopped the dollar's downside correction in its tracks.
G10 FX Weekly – Come-back of the euro – ABN AMRO
Euro’s comeback because of higher German bond yields … * Strong US employment report saved the US dollar * Australian dollar rally quickly ran out of steam
EM FX Weekly – EM FX lower – ABN AMRO
EM FX failed to profit from dollar weakness…except Eastern European currencies * Reserve Bank of India is done with monetary easing for now
FX: so, September hike again? – Nordea
The speculation about the first Fed hike in 2015 is back after the great payrolls report - how low can EURUSD go? Strong US retail sales is key risk this week...but will the shock last?
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri – Nordnet
Markkinakalenteri – Taloussanomat
Global Central Banks Calendar – WSJ
Central Bank Release Calendar – Daily FX