Here are the links to sort out your review of last
week and prepare for the next one. I will update the missing ones as soon as they are published.
Previously on MoreLiver’s
LAST WEEK
Prices
Weekly
Scoreboard – Between The Hedges
Weekly
Eurozone Watch – Global
Macro Monitor
Summary for Week ending Oct 12 – Calculated Risk
This was a very light week for US economic data
The Weekender – beyondbrics / FT
This was a very light week for US economic data
The Weekender – beyondbrics / FT
Succinct summation of week’s events – The
Big Picture
(podcast) MarketBeat Week: Is the QE3 Rally Dead?
– MarketBeat / WSJ
Week in Review – DealBook
/ NYT
What
Criminal Case? Inside JPMorgan’s Rising Profit
Politics this week – The Economist
Business this week – The Economist
NEXT WEEK
Schedule for Week of Oct 14 – Calculated Risk
This will be a very busy week for economic data. There are three key housing reports to be released this week: October homebuilder confidence on Tuesday, September housing starts on Wednesday, and September existing home sales on Friday. Another key report is retail sales for September. For manufacturing, the October NY Fed (Empire state) and Philly Fed surveys, and the September Industrial Production and Capacity Utilization report will be released this week. On prices, CPI for September will be released on Tuesday.
Next Week’s Tape: Earnings Season in Full Swing – MarketBeat / WSJ
This will be a very busy week for economic data. There are three key housing reports to be released this week: October homebuilder confidence on Tuesday, September housing starts on Wednesday, and September existing home sales on Friday. Another key report is retail sales for September. For manufacturing, the October NY Fed (Empire state) and Philly Fed surveys, and the September Industrial Production and Capacity Utilization report will be released this week. On prices, CPI for September will be released on Tuesday.
Next Week’s Tape: Earnings Season in Full Swing – MarketBeat / WSJ
Earnings
from a host of bellwethers highlights next week's action; economic reports
illustrate almost all facets of the economy; China reports third-quarter GDP; European Union leaders hold
two-day summit.
S&P 500 Earnings Week Ahead – Reuters
Key Earnings Reports Next Week – Bespoke
Global Week Ahead: EU Heads of State still
mostly talking – Nordea
(pdf)
This week’s
key event will be the EU Summit Thursday and Friday although it may not
necessarily provide the news about Greece and Spain that the financial markets are
waiting for. We believe markets are expecting little or no positive news from
the Summit and that risks are skewed towards
positive surprises, if any. Our view on the most important key figures is
broadly neutral with a slight positive bias on Chinese GDP and the minutes from BoE.
G10 Weekly: Severe headwinds
facing the Swedish economy – Nordea
In this week’s edition of G10 weekly we elaborate on the severe
headwinds facing the Swedish economy. We also address the process of global
deleverage, which appears to be far from over.
Perspectives Oct 2012: A new
monetary era – Pictet
Nordea Risk Perception
Publication – Nordea
(pdf)
Sideways trading across financial asset classes as markets continue to
acknowledge 1) European politicians becoming more vigorous and 2) central banks
showing their ammo * The tendency with seeping vols is clearly reflected in
Nordea Risk Perception Index * Movements however still muted and correlations
are high between asset classes * Going forward, vols can easily loose further
ground on the back of ECB and continued weak economic data that keeps markets
in tight trading ranges * With only the past year in mind, risk sentiment can
quickly shift and timing may be apt for entering tail risk hedges at current historic
cheap levels
Weekly Preview: Times they are-a changing– BNY Mellon
A stream of
data from China will probably show that the
slowdown continued in September and Q3 as a whole, that inflation is still
falling and that there is therefore still space to ease economic policy. The
Spanish saga will roll on in a week featuring both a meeting of the European
Council and local elections in Spain. US data, on the other hand, will
probably show higher consumer spending and
inflation
in September and signs of further growth in October. Norges Bank’s regional
network will be an important pointer for Norwegian interest rates and news is
due from the Swedish labour market.
Research Euro: Hard data beats soft data -
which is right? – Danske
Bank (pdf)
There is a
big divergence between hard and soft data in the euro area at the moment.
Although not clear cut, it does suggest that soft data – such as euro PMI – may be too downbeat and could
surprise on the upside in coming months.
Stock Market Troubles – The
Short Side of Long
When I look
at the current condition of US stocks, it definitely reminds me of previous
cyclical bull market tops just as the business cycle expansion was coming to an
end. Be it overbought prices, narrowing breadth participation, tightening
credit spreads, extremely prolonged complacent volatility, overly bullish sentiment readings without a
bear in sight or the fact that the Long Bond refuses to sell off - it all links
to the economic fundamentals deteriorating rather rapidly.
Weighing
the Week Ahead: Will Q3
Earnings Disappoint? – A Dash of Insight
FX Positioning and Technical Outlook – Marc to Market
FX Positioning and Technical Outlook – Marc to Market
The Weekly T Report: – TF Market Advisors
Spreads drifting
wider after Spanish downgrade. News stories about an easing of regulatory
requirements for banks
EMEA Weekly, Week 42 – Danske
Bank (pdf)
The
economic slump in EMEA continues - the numbers show that the Polish Central
Bank needs to cut.
Emerging: Week Ahead – beyondbrics / FT
World: The Week Ahead – FT
Agenda: bank union to dominate
EU summit –
euobserver
CALENDARS
Economic Calendar
– fxstreet.com
Monthly
Economic Calendar – fxstreet.com
Economic Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet
Markkinakalenteri
– Taloussanomat
REFERENCE
Debt
crisis: live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank