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Sunday, April 24

24th Apr - Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. 

Previously on MoreLiver’s:

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Weekly ScoreboardBetween The Hedges

Succinct summation of week’s eventsThe Big Picture

Weekly Market ReviewZH
US Stocks Hold Doha-Dud Gains As US Macro Crashes Most In 14 Months

US Schedule for WeekBill McBride

Economic CalendarBerenberg

5 Things to Watch on the Economic Calendar WSJ

Week AheadBB
Fed Meeting, U.S. GDP, Primaries, Brazil

EU Week AheadWSJ
Greece, Terror and Trade

The Week AheadMarch Chandler
FOMC, BOJ and More
Wall St Week AheadReuters
Upside limited for 2016 even as earnings bottom

Weighing the Week AheadJeff Miller
The economic calendar has more news, including a meeting of the FOMC. Earnings season is in full swing. Despite all of the substantive news, the punditry loves to discuss markets, especially when they are challenging the old highs. Many will be asking: Will stocks (finally) set a new record high?

EcoWeekBNP Paribas
Editorial: Mario Draghi’s refutes criticism from Germany: “Monetary policy has been the only policy in the last four years to support growth” * China: The authorities are broadening their scope of action on the fiscal policy front in order to stimulate domestic demand. Government deficit and debt have increased, and if the sovereign risk remains very good, it is under mounting pressure due to the slowdown and the rise in contingent risks. * US: In March, core inflation slowed a bit, for reasons that remain hard to be definitive about. Some factors plead for inflation to stabilise (oil prices, past appreciation of the USD, expectations). Others call for further improvement (the narrowing output gap, the normalising labour market).

Week Ahead: Dovish Yellen and more QE from BOJ Nordea
Central bank action will continue also next week. The Fed is unlikely to be ready to signal it is preparing another rate hike, but the Bank of Japan is set to introduce more stimulus. The data calendar looks interesting as well, with GDP releases from the US, the UK and the Euro area, while also Euro-area inflation numbers will be released. In the Nordics, labour market data will be scrutinized in both Sweden and Norway.

Weekly Focus: BoJ to go deeper into negativeDanske Bank
Fed to maintain rates unchanged in line with expectations and pricing * BoJ to cut rates, increase QE * US PCE core inflation to fall to 1.5% from 1.7%

StrategyDanske Bank
The emerging market rally has further to go on the Fed, China and balances * The oil recovery is the result of expectations of improving demand, not a supply freeze * The BoJ is set to ease next week but helicopter money may be the end game * The ECB remains sidelined in the currency war but EUR/USD should still fall into the UK’s EU referendum * Emerging market currencies and equities set to outperform developed markets

Week AheadHandelsbanken

UK Weekly Handelsbanken

Global Week AheadScotiabank

Global Views Weekly Scotiabank

Weekly FX Sentiment Report Scotiabank

Weekly Market OutlookMoody’s
[free registration required]

Macro Weekly – ECB policy measures bearing fruit ABN AMRO
The ECB kept policy on hold, while signalling that the door is still open for further policy easing. Meanwhile both the ECB’s Bank Lending Survey and its Survey of Professional Forecasters suggest that its past policy measures are bearing fruit. April business surveys suggest the eurozone economy will stay on a path of ongoing moderate recovery.

FX Weekly: Another boost from oilABN AMRO
Higher oil prices supported related currencies and boosted investor sentiment. Risk of near term rate cut in Australia and New Zealand has declined. US dollar under pressure ahead of the FOMC meeting next week. JPY has stabilised ahead of BoJ monetary policy meeting

Speculative PositioningMarc Chandler
Speculators Continued to Reduce US Dollar Exposure at What may be the Bottom

FX OutlookMarc Chandler
Dollar's Technical Tone Improves