22nd 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:

Friday: G7 to fiddle this weekend

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  LAST WEEK

Weekly Scoreboard – Between The Hedges

Succinct summation of week’s events – The Big Picture

Weekly Market Review – ZH

Hawkish Fed Slams Stocks To Longest Losing Streak In 20 Months

Bloomberg Best of the Week – BB

  NEXT WEEK

US Schedule for Week – Bill McBride

Economic Calendar – Berenberg

5 Things to Watch on the US Economic Calendar – WSJ

Week Ahead – BB

EU Week Ahead – WSJ

Greece, Poland, G-7

Wall St Week Ahead – Reuters

Economic data keeps Fed in focus for stocks

Weighing the Week Ahead – Jeff Miller

EcoWeek – BNP Paribas

US: The minutes from the April FOMC meeting were received from the hawkish side as the possibility of a rate hike in June is refered to several times EZ: According to the most recent cyclical indicators, the strong growth reported in the Eurozone in Q1 is likely to be followed by a slowdown in Q2. We estimate Q2 growth at 0.2% q/q after 0.5% in Q1. Greece: A compromise will provide some relief. Negotiations over the programme’s first review could be concluded soon.

Week Ahead: Fed speak and European data – Nordea

Next week, Fed speeches should be closely followed given the hawkish FOMC minutes. On the data side, European PMIs and the ifo index stand out. The Eurogroup meeting on Tuesday will be crucial for the conclusion of the Greek bailout review. Swedish employment and retail sales figures and Norwegian oil investments will be next week’s most important data out of the Scandies.

Weekly Focus – Danske Bank

Europe: May PMI, consumer confidence. US: May PMI, Fed speakers

Strategy: Waiting for signal – Danske Bank

Risk markets will continue to be challenged by uncertainties over growth and the Fed outlook * The Fed rattling its sabre – yields to move higher over the coming quarters * More downside in EUR/USD short term on looming Fed hike * Metal prices and EM assets in temporary correction

Week Ahead – Handelsbanken

UK Weekly – Handelsbanken

Global Views Weekly – Scotiabank

Weekly FX Sentiment Report – Scotiabank

Weekly Market Outlook – Moody’s

Profits slump risks a business-cycle downturn * Innovation and global brtands create wide gaps in credit quality [free registration required]

Macro Weekly: Fed in a catch-22 situation – ABN AMRO

Fed minutes more hawkish than expected… but market participants are not convinced, creating uncertainty in financial markets.

FX Weekly: USD in favour as Fed rate hike expectations rise – ABN AMRO

USD in favour as Fed rate hike expectations rise. EUR outlook deteriorates; GBP resilient as Brexit fears recede. JPY weakness persists as overcrowded long positions are unwound. AUD forecasts downgraded. Emerging market currencies under pressure.

Speculative Positioning – Marc Chandler

Sentiment Shift Evident in Speculative Adjustment in Currency Futures

FX Outlook – Marc Chandler

Divergence Reasserted, Extends Greenback's Recovery

Week Ahead – Marc Chandler

Weekly Market Summary – The Fat Pitch

After gaining 16% from the February low, SPX has been trading in a 2% range during May. A minor 20% of the rally has been retraced, a sign of resilience and consolidation. Despite the recent rally, investors are positioned for weakness, not further gains.  There might still be a capitulation low ahead but the set up is for higher prices in the next month(s). End of May and start of June seasonality is possible short-term tailwind for equities.

FX 4 Next Week – TF

USDJPY and GBPJPY are pressing on interesting resistance levels with G7 meeting in Japan this weekend possibly resulting in signal from Japanese officialdom over the weekend to heighten the anticipation. Elsewhere, commodity currencies fighting back after recent weakness, but only half-heartedly.