Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Some banks are taking July and August off from macro commenting.
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LAST WEEK
Roller-Coaster
Week Ends Strong As Quant Strategies Suffer Biggest Losses Since 2003
NEXT WEEK
UK: Divisions appear
at the BoE about the level of the Bank rate. August meeting is unlikely to see
more divisions. After that, all depends on the Q2 growth performance. EZ: The market reaction to the
introductory speech of Mario Draghi at the ECB conference in Sintra was strong.
This reflects a high degree of unease about the prospect of a policy
normalisation. The upcoming ECB Governing Council meetings (20 July, 7
September) should trigger more market nervousness than has been the case in a
long time.
Overvalued
Equities Boost Credit Ratings
Speculators
Still Dollar Negative
Dollar
Shows Signs of Life
Macro Comment – Marc
Chandler
Week
Ahead: Bank of Canada, US CPI, and UK Labor Update Featured
FX weekly:
consolidation time?
– Nordea
The
Bundmageddon has sent EUR higher. In a normalisation phase, the needed
repricing is still enormous for Europe, while the US might be “fair” already.
But will ECB really hike twice next year?
Weekly Market Summary – Urban Carmel
US equities reached a new one-month low late last week before rebounding
on Friday. In particular, NDX found support right on its mid-May low. This is
now an important line in the sand, with implications for SPY as well; so long
as the Thursday low holds, look for higher prices.
Key Events In The Coming Week – ZH
All
Eyes On Yellen, CPI And Retail Sales