Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s roundup-post is here.
Follow ‘MoreLiver’
on Twitter
LAST WEEK
Weekly Scoreboard – Between
The Hedges
Succinct summation
of week’s events
– The
Big Picture
NEXT WEEK
US Schedule for
Week
– Bill
McBride
Economic
Calendar – Berenberg
5 Things to Watch
in US Economics Calendar – WSJ
Global Week Ahead – BB
Fed-BOE-BOJ
Rates, Apple Meeting, Brexit
EU
Week Ahead – WSJ
Wall St Week Ahead – Reuters
Elusive
S&P record looms as investors weigh data, Fed
Weighing the Week
Ahead
– Jeff
Miller
This
week’s economic calendar is back to normal, with Wednesday’s FOMC announcement
the highlight. Last Friday’s trading put the Brexit effects on the front
burner, so I expect two themes for the week ahead. The first few days will be
all about the Fed and any hints about the pace of rate increases. After the Fed
meeting the emphasis will shift to the Brexit build-up, culminating next week.
EcoWeek – BNP Paribas
Week Ahead:
Central banks and Brexit polls – Nordea
In
the coming week central banks will steal the spotlight with the Fed, BoE, BoJ
and SNB announcing interest rates. A Fed hike is highly unlikely but we expect
the door to be opened for a move in July or September. Also the BoE and SNB are
expected to remain on the sidelines, while the BoJ might cut rates. In
addition, US retail sales, industrial production and CPI numbers are due. UK
data will be dominated by Brexit polls. In Sweden, CPI and unemployment data
are out Tuesday and Friday.
Weekly Focus – Danske
Bank
US:
retail sales, Fed meeting * Japan: BoJ meeting * China data
Strategy – Danske
Bank
There
are substantial digital risks in GBP crosses, EUR/SEK and UK/European equities
heading
into
the UK’s EU referendum * We expect EUR/USD to fall near term both in case of a
Brexit and a Bremain * The downward pressure on EUR/DKK will remain with or
without a Brexit * Selectively, we expect DKK FI assets to perform both in case
of a Brexit and a Bremain.
Week Ahead – Handelsbanken
UK Weekly – Handelsbanken
Global Views
Weekly –
Scotiabank
Weekly Market
Outlook
– Moody’s
[free
registration required]
Macro Weekly: Fed
is pushed around by data – ABN
AMRO
Few
important economic indicators were released in recent days. Nevertheless, some
interesting conclusions can be drawn. Recent data seems to confirm that China’s
imports are bottoming out. That is important for the global economy. The other
important thing is that Fed chair Yellen, having – relatively successfully –
tried to talk rate-hike expectations into the financial markets for some weeks
has changed direction in response to deteriorating labour market data. Despite
all this, the global economy is plodding along achieving modest and rather
unspectacular growth.
FX Weekly – ABN
AMRO
US
dollar slides on lower odds of a rate hike. We expect no rate hike this year
and this should weigh on the dollar. Commodity currencies will likely be
supported. …also RBA and RBNZ were less dovish supporting AUD and NZD. The yen
sets to retest this year’s peak, but intervention is still unlikely.
EM FX Weekly – ABN
AMRO
A
lower US dollar and higher commodity prices support EM FX. EM monetary policy
decisions were mixed. RBI, NBP and COPOM left monetary policy unchanged… while
the BoK surprised with a rate cut. More SGD strength envisaged in June; higher
risk of October easing. Chinese yuan volatility and depreciation expectations
decline.
Speculative
Positioning
– Marc
Chandler
Speculators
Take Big Bites in the Futures Market
FX Outlook – Marc
Chandler
Greenback
Proves Resilient
Weekly Market
Summary
– The Fat Pitch
FX 4 Next Week – TF
The
US dollar spent the week vacillating after the huge nonfarm payrolls drop. Risk
appetite seemed to be suffering a headwind ahead of the weekend particularly in
Europe and this informs our market view heading into next week as wobbly
sentiment may plague markets as we head into the uncertainty of the UK
referendum June 23.