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Sunday, June 7

7th Jun - 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
Week Of Epic Bond Volatility Ends With A Whimper

Succinct summation of week’s eventsThe Big Picture

US Schedule for WeekCalculated Risk

Economic CalendarBerenberg
Eurozone industrial production: bright start to Q2? * Chinese “hard” data for May: stabilisation * US retail sales: cheap oil to boost consumption

Economic CalendarHandelsbanken

UK Next Week’s AgendaHandelsbanken

World Week AheadWSJ
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 CalendarWSJ

Weekly Market OutlookMoody’s

Weekly FocusDanske 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 AheadNordea
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 marketABN 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 SpeedBerenberg
Forecasts at a glanceBerenberg

Viikkokatsaus: EKP: suurempaan markkinavolatiliteettiin pitää tottuaNordea
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 SummaryThe 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 volatilityABN 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 volatilityABN 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 OutlookMarc Chandler
The strong US employment data stopped the dollar's downside correction in its tracks.

G10 FX Weekly – Come-back of the euroABN 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 lowerABN 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 –
Economic Calendar – BB
EU calendar –

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