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Sunday, April 10

10th Apr - Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week’s post is here.

Previously on MoreLiver’s:

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Weekly ScoreboardBetween The Hedges

Succinct summation of week’s eventsThe Big Picture

Weekly Market ReviewZH
Banks Battered As Yen-magedddon Sends Stocks To Worst Week In 2 Months

US Schedule for WeekBill McBride

Economic Calendar – Berenberg

5 Things to Watch on the Economic Calendar WSJ

Week AheadBB
U.S. Bank Earnings, IMF, China GDP, Golf

Wall St Week AheadReuters
Suffering bank investors search for bright spots

Weighing the Week AheadJeff Miller
The economic calendar is moderate. Fed Heads are out in force. More significant is the start of “earnings season.” There is always speculation about earnings, but this time is special. I expect a focus on the question: Will earnings spark a break in the trading range for stocks?

EcoWeekBNP Paribas
Greater risk appetite - Oil prices rebound, currencies pick up and risk premiums decline. Risk appetite for emerging economies has increased * US: Already over? - The job market’s dynamic momentum has been confirmed, with robust job creations, low unemployment rate, rebound in the participation rate and wage growth. ISM surveys point to a rebound in activity, an improvement that should be sustained, based on particularly upbeat “production” and “new orders” components. Rate expectations – which are too low according to Boston Fed President Eric Rosengren – should begin to pick up. * Japan: Gloomy Tankan - The Bank of Japan’s Tankan survey indicates a worsening in Q1 activity. In addition this is likely to continue in Q2, as the anticipation index fell down to almost zero, its lowest level since Q2 2013.
Week Ahead: Chinese data in focusNordea
Chinese data, Fed speeches and inflation figures will dominate next week. Chinese GDP growth (Q1) is likely to show the lowest reading since the global financial crisis. The Fed speeches will most likely confirm that the FOMC is split on how long to keep rates steady. Inflation figures for US, UK, China, the Euro area and the Nordics will be published throughout the week. Last but not least, we expect a slightly more dovish tone from the Bank of England.

Weekly FocusDanske Bank
US CPI, private consumption * UK BoE * China CPI

StrategyDanske Bank
Pressure points are building in global markets as the risk rally appears exhausted * The downward pressure on EUR/DKK and DKK rates are likely to continue in coming months * Negative interest rates have shown its limitations in Japan while the Riksbank signals that the
transmission mechanism is broken * We are in a weak USD environment as we are at the bottom of the ‘USD smile’ * Core euro yields should fall further on ECB QE, low inflation expectations and political risks * We are positive on EM equities relative to DM equities.

Week AheadHandelsbanken

UK Week AheadHandelsbanken

Global Week AheadScotiabank

Global Views Weekly Scotiabank

Weekly FX Sentiment Report Scotiabank

Weekly Market OutlookMoody’s
[free registration required]

FX Weekly: Brexit uncertainty comes more to the fore ABN AMRO
Deterioration in risk sentiment dominates FX markets. Brexit uncertainty comes more to the fore… and the yen strongly outperforms this week. AUD and NZD lower because of rising risks of rate cuts. Improving outlook in China supports Asian currencies.

FX 4 Next Week: Beyond USDJPYTF
Forex traders are in a state of technical limbo as EURUSD has stalled at the heightss without making a break higher and USDJPY has bounced after a protracted and dramatic plunge. Commodity currencies meanwhile wobbled but were not exactly flattened but markets look nothing if not choppy and uncertain from this vantage.

Speculative PositioningMarc Chandler
Specs Shift to Net Long Canadian Dollar and Set New Record Gross Long Yen

FX OutlookMarc Chandler
Little Technical Evidence that Greenback's Slump is Over