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Saturday, September 22

21st Sep - Weekender: Weekly Support

Last week in review and next one previewed!
 

Previously on MoreLiver’s:

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LAST WEEK
Prices
Weekly Scoreboard – Between The Hedges
Weekly Eurozone Watch – Global Macro Monitor
Week in Review – Global Macro Monitor
US Market Portrait Weeks 38 & 39 Portfolio Probe 

Summary for Week ending Sep 21st  Calculated Risk
The housing news was mostly positive last week and manufacturing was mostly disappointing.

The Weekenderbeyondbrics / FT

Succinct summation of week’s eventsThe Big Picture

(audio) MarketBeat: It’s a QE World. We’re Just Living In ItMarketBeat / WSJ
or the direct mp3 link

Week in Review: – DealBook / NYT

(audio) World Weekly with Gideon RachmanFT (mp3)
The Middle East is in turmoil following the murder of the American ambassador to Libya and assaults on various US embassies across the Muslim world.

Politics this weekThe Economist

Business this weekThe Economist


NEXT WEEK
Schedule for Week of Sep 23rdCalculated Risk 
There are two key housing reports to be released this week: Case-Shiller house price index for July on Tuesday, and August New Home sales on Wednesday. Other key reports include the third estimate of Q2 GDP on Thursday, and August Personal Income and Spending on Friday.

Next Week’s Tape: Waiting for Spain to Request BailoutMarketBeat / WSJ
The market gets a heavy dose of consumer-related news next week, a couple of notable earnings reports, possibly some earnings warnings, and quite possibly (and finally) a Spanish bailout plan.

S&P 500 Earnings Week AheadReuters

Wall Street Week AheadReuters 
U.S. stocks could struggle to stay close to nearly five-year highs next week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains.

 
(video) Europe Week Ahead: Austerity budgets stoke protestsReuters

(video) Asia Week Ahead: Diplomacy takes centre stageReuters

(video) US Week Ahead: China fears haunt corporate AmericaReuters


Chinese 2013 GDP to decline to 6.5%, or even lower?

Global Week AheadNordea (pdf)
Global Week Ahead (with Sweden) – Nordea (pdf)
Spain will be in focus in the week ahead after an FT article today suggesting that the planed structural reforms announcement next week has been agreed upon with the Commission and hence could pave the way for an aid request. On Friday, four independent auditors release a new report on the Spanish banking sector, which will give rise to updated recapitalisation need estimates

Weekly Preview: The plot thickensBNY Mellon
That the Euro-area’s investors are between key dates on the crisis calendar may also have added to the collective ‘pull back’ this week; but as we move steadily towards the day of reckoning for Greece’s Euro-area membership and Spain’s own funding dilemmas, the ‘inertia’ is unlikely to last.
                     
Weekly Focus: Focus returns to SpainDanske Bank (pdf)
In Spain the government’s reform proposal and 2013 budget on Friday could pave the way for a request for a precautionary credit line. In addition, a new estimate for Spanish banks’ recapitalisation needs is expected next week…Markets are having second thoughts about the effectiveness of the recent aggressive policy moves by central banks across the world as data continue to disappoint and Spain still considers its options.

Precious Metals Update - Part IIThe Short Side of The Long

Weighing the Week AheadA Dash of Insight

FX Positioning and Technical OutlookMarc to Market 
Spain is reportedly engaged in negotiations to design a structural reform package that could be adopted prior to formally asking for assistance that would in fact meet the Troika's conditionality… with the decline in yields and recent bond auctions that clearly demonstrate that Spain has not be frozen out of the capital markets, and the sense of urgency has slackened…At the end of next week, the three month review of Spain's financial system is expected to be completed
 
The Weekly T Report TF Market Advisors 
Can the market go down while the Fed is engaged in QE? That is the question everyone is asking.


Weekly Credit UpdateDanske Bank (pdf)

EMEA Weekly, Week 39Danske Bank (pdf)

Emerging: Week Aheadbeyondbrics / FT

World: The Week AheadFT

Agenda: Socialists open political season ahead of 2014 EU electionseuobserver


CALENDARS
Economic Calendar – fxstreet.com
Monthly Economic Calendar – fxstreet.com
Economic Calendar – BB
EU calendar – europa.eu

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

REFERENCE
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
Tracking Europe’s Debt Crisis – NYT
FX Options Analytics – Saxo Bank

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