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Sunday, August 9

9th Aug - W/E: Weekly Support

Sorry about the pause in posting – I had computer trouble. 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.

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Weekly ScoreboardBetween The Hedges

Tyler’s Weekly Market WrapZH
Dow Suffers Worst Streak Since 2011, Yield Curves Collapse

Succinct summation of week’s eventsThe Big Picture

Daily PricesGlobal Macro Monitor

5 charts from the week in marketsWSJ

US Schedule for WeekCalculated Risk

Economic Calendar – Berenberg

Economic CalendarHandelsbanken
UK CalendarHandelsbanken
World Week Ahead – WSJ

Global Central Banks Calendar – WSJ

Week ahead: US Consumption and UK WagesMarc Chandler

5 Things to Watch on the Economic CalendarWSJ

Key Events In The Coming WeekZH
Wall St Week AheadReuters
Shipping: Oil tankers sheltered from gas, dry bulk weakness

Weighing the Week Ahead – Dash of Insight

EU Week Ahead: – WSJ

Weekly Market OutlookMoody’s

Week AheadNordea
Tomorrow, we will see China’s trade data and growth in industrial production will come out on Wednesday. Next week’s key events in the US are the retail sales and industrial production figures. The most scrutinised data from the Euro area will be GDP and the German ZEW index. In the Scandis, Norway and Sweden will deliver inflation figures.

StrategyDanske Bank
Gasoline prices have been resilient to the oil price drop resulting in a modest impact on consumers * Fed’s Lockhart provided a hawkish shift in Fed rhetoric which supports our call for a September hike * The Fed pricing is still too subdued and we expect higher short-term US yields and lower EUR/USD * The euro area periphery countries are recovering but political uncertainty is looming * Bank of England more dovish than expected due to strong sterling and lower oil price

Weekly FocusDanske Bank

Macro Weekly – Advanced economies stepping upABN AMRO
Worries about Greece appear to have been replaced by concerns about China and the global cycle more generally. It has been a bad start to the year, with global economic growth disappointing. However, advanced economy demand is stepping up a gear, and global industrial production will likely follow. Although downside risks to China’s outlook persist, we still expect a soft landing. Meanwhile, the Fed looks on track for a September rate hike, while the BoE is likely to wait until 2016. Greece appears to be moving closer to an ESM deal, but Grexit risks could well return in coming months.

EM currencies are significantly undervaluedNordea
Emerging Markets currencies have suffered another round of heavy losses in recent months. The ten EM currencies we cover have weakened almost 10% vs the USD just this year and almost 20% vs a year ago. We keep our moderately bearish view on EM FX for the remainder of this year, although a simple fair-value model puts the average EM FX undervaluation at 15% vs the USD or close to two standard errors away from fair value.

Euro rates updateNordea

FX OutlookMarc Chandler
Dollar Outlook and Currency Rotation

FX 4 Next WeekTF