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Sunday, May 1

1st May - 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
Stock-Drop-alypse Wow - Gold Soars As Kamikaze Kuroda Strikes Again

US Schedule for WeekBill McBride

Economic Calendar – Berenberg

5 Things to Watch on the US Economic Calendar WSJ

Week AheadBB
U.S. Jobs, Buffett, Abe Abroad, UBS

EU Week AheadWSJ
Turkey, Greece, Italy, Japan, Economic Forecasts

Wall St Week AheadReuters
With weak earnings in tow, focus turns to jobs data

Weighing the Week Ahead – Jeff Miller

EcoWeekBNP Paribas
French growth beats expectations * Helicopter money: this tool to fight deflation corresponds to a money-financed fiscal stimulus * US: GDP growth was disappointing in Q1 2016, but this was no surprise. Unlike previous years, however, this sluggish performance cannot be blamed on exogenous shocks, weather conditions or strikes * EU: The Juncker Plan is still on track

Week Ahead Nordea
Next week’s highlight is the US employment report for April released on Friday. Our expectation is a weaker but still healthy job growth with a 175k gain in payrolls. Moreover, all eyes will be on the Chinese PMIs for April. The most important figures out of the Euro Area and the UK are PMI numbers. In Sweden the Riksbank’s minutes will be the highlight of the week.

Weekly Focus Danske Bank
Uncertainty from start of year has eased but Brexit risks lurking

StrategyDanske Bank
The BoJ’s inaction may be due the economy doing better than many envisaged * The pick-up in global inflation is flying under the radar, in our view * Upside risks to the long end of the
EUR swap curve are rising on oil, global IP, reduced Brexit risks and issuance * The USD is set to weaken short-term against EM and JPY; to strengthen against EUR * EM equities to rally further on China, metal prices.

Week AheadHandelsbanken

UK Weekly Handelsbanken

Global Views Weekly Scotiabank

Weekly FX Sentiment Report Scotiabank

Weekly Market OutlookMoody’s
[free registration required]

Macro Weekly – ABN AMRO
The Fed is not acknowledging the feedback loops their policy steps trigger. Either way, monetary policy is set to remain very accommodative. Eurozone and Chinese economies are surprising on the positive side.

2016 year end USD/JPY forecast lowered from 115 to 110. USD stabilises post FOMC meeting. GBP recovers due to profit taking of short positions. AUD slumps as weak inflation reignites RBA easing bets. EM FX: commodity and domestic drivers.

Speculative PositioningMarc Chandler
Speculators Trim Euro and Yen Exposure ahead of FOMC and BOJ

FX OutlookMarc Chandler
Will the Dollar Bloom like May Flowers after April Showers?

FX Week Ahead Marc Chandler
Another strong jobs report may not be sufficient to reignite dollar rally

Weekly Market SummaryThe Fat Pitch
Equities fell this week, led by an 11% drop in the US's largest stock, Apple. For the first time since the February low, the near-term trend in SPY is weak: the current set up normally leads SPY, through price and time, to its 50-dma and lower Bollinger Band, both currently about 3% lower. Overall, breadth, sentiment, macro, commodities and seasonality support higher equities prices in the week(s) ahead. The month of May typically starts strong and the Nasdaq has been down 7 days in a row: combined, these suggest a positive start to the week is likely.

FX 4 Next Week: Yen flight hitting turbulence at the heightsTF
This week saw one of the largest Japanese yen moves in market history a move that we respect and suspect could extend at least marginally next week. Elsewhere we look at commodity currency plays via AUD and NOK and suggest that a close above 1.1400 in EURUSD could lead to further gains versus a frozen Fed and captive USD.