Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week’s roundup-post is here.
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Weekly Scoreboard – Between The Hedges
Succinct summation of week’s events – The Big Picture
Weekly Market Review – ZH
Bondmageddon Sparks Crude Carnage & Biggest Stock Slump In 7 Months
US Schedule for Week – Bill McBride
Economic Calendar – Berenberg
5 Things to Watch in US Economics Calendar – WSJ
Global Week Ahead – BB
U.S. Retail Sales, BOE Rate, SNB Outlook * World according to Jamie Dimon; Oracle, Hermes post earnings * Boeing unveils T-X trainer; U.S. Open championship concludes
EU Week Ahead – WSJ
Bratislava Summit, King’s Grilling, Wifi Liability
Wall St Week Ahead – Reuters
Bank rally on shaky legs as traders assess rate hike odds
Weighing the Week Ahead – Jeff Miller
The calendar has little important data. Friday’s sharp selling was widely attributed to the fear of a Fed rate hike in September. Is it time? Should we fear the Fed?
EcoWeek – BNP Paribas
Eurozone: The ECB left its policy unchanged in september. But QE changes are about to come. Monetary policy can’t be the only game in town. Excess savings is a problem. Mr. Draghi favours fiscal stimulus in Germany US: The term premium reflects the extra reward bond investors receive for taking duration risk. In the US, this premium on treasury bills is now very negative, which is a source of concern
Week Ahead: BoE on hold – Nordea
The UK economy is by now holding up better than expected, and that’s why we expect no policy changes from the Bank of England next Thursday. Next week’s US figures will give an important indication of whether the surprisingly low August ISM surveys were, as we believe, mere noise or a signal of a weakening economy. From the Nordics, we will get inflation numbers and the Norwegian network report.
Weekly: Decisive week for monetary policy outlook – Danske Bank
US retail sales * UK Bank of England meeting, jobs-, inflation- and retail sales data * Euro area labour market data
Strategy: Politics, ECB inaction and risk of steeper yield curves – Danske Bank
The US election could be a major market theme in the autumn * A Trump win could lead to
ballooning US public debt level and is likely to be USD bearish * Over the medium-term, the
German bond curve could steepen on ECB inaction * Softer US data supports our call that the Fed will stay on hold this year * We are an EM bull on the Fed, flows and China news but a Trump win is a risk to our view.
UK Week Ahead – Handelsbanken
Week Ahead – Handelsbanken
Global Week Ahead – Scotiabank
US: Blackout ahead of Fed meeting * Asia: China’s lending cools down, no crisis * Europe: Bank of England meeting
Weekly FX Sentiment Report – Scotiabank
Weekly Market Outlook – Moody’s
Macro Weekly: Has the ECB lost faith in QE? – ABN AMRO
ECB keeps policy unchanged despite low inflation outlook…it still sees positive effects of QE though effectiveness is diminishing * Calls for governments to act seem futile while ECB policy regime change looks unlikely * A technology shock would save the day but short of that we are stuck in a low growth, low inflation, low interest rate world, making the eurozone vulnerable to the next economic shock
Speculative Positioning – Marc Chandler
Speculators Trim Long Foreign Currency Exposure in the Futures Market
FX Outlook – Marc Chandler
Dollar Proves Resilient as Market Rates Rise
Week Ahead – Marc Chandler
The week ahead will likely be shaped by a combination of what happened last week and what will happen the week after next. The end of last week saw a sell-off in equities and bonds and a recovery in the US dollar. The week after next the FOMC and BOJ meet in apparently live meetings, meaning that policies may be adjusted.
FX 4 Next Week: ECB letdown sparks seismic shift – TF
Soft US data and an underwhelming ECB outing have engineered a sudden shift in sentiment that could spill over into next week as the market reconsiders the validity and power of the central bank put that has been driving carry trades since February.