Previously on MoreLiver’s:
LAST WEEK
PRICESWeekly Scoreboard – Between The Hedges
Weekly
Eurozone Watch – Global
Macro Monitor
U.S. Equity Sector ETF Performance – Global
Macro Monitor
Fri Recap –
Global
Macro Trading
Thu Recap –
Global
Macro Trading
Wed Recap –
Global
Macro Trading
Tue Recap –
Global
Macro Trading
Summary for Week ending 16-Nov – Calculated Risk
Hurricane Sandy impacted the economic data released last week, especially retail sales, industrial production and initial weekly unemployment claims…Most of the discussion last week was related to the "fiscal slope", or more accurately, how much austerity the US should enact in 2013.
The Weekender –
beyondbrics / FT
Weekly Bull/Bear Recap – Rational
Capitalist Speculator
Weekly Review – A View From My Screens
Weekly Review – A View From My Screens
Last week: The
week ending 9th Nov saw elections clearing the way for a second Obama mandate
and brought the Fiscal Cliff question back into the light. While fundamental
negative economic figures were mostly ignored at the beginning on the week,
once Wednesday showed final results, markets started sinking. Next week: PMI week. There really isn’t much in
terms of European data until next week’s Thursday, which will be PMI day. Wednesday crowded US data dump ahead of Thu 22
Thanksgiving holiday.
(podcast) MarketBeat Week: Fiscal Cliff Roils
Investors – MarketBeat
/ WSJ
In this
week's MarketBeat podcast, the crew discusses the ongoings in the nation's
capital surrounding the fiscal cliff and debates what needs to happen to get
stocks back on track.
Week in Review: It May Be Twilight for Twinkies – DealBook
/ NYT
Hostess
Brands moved to wind down operations * A report faulted MF Global regulators * European
bank debt is, surprisingly, selling * A trial opened in a $68 million insider
trading case * Andrew Ross Sorkin prescribed a dose of realism for the chief of
J.C. Penney
Politics this week – The
Economist
Business this week – The
Economist
NEXT WEEK
Schedule for Week of 18-Nov – Calculated Risk
This is a short week (Happy Thanksgiving!), but there are several key releases early in the week. On Monday, the NAR will release existing home sales for October, and the NAHB will release their homebuilder confidence survey. On Tuesday, Housing Starts for October will be released. Housing has been the bright spot for the U.S. economy recently. Also on Tuesday, Fed Chairman Ben Bernanke will speak on "The Economic Recovery and Economic Policy".
Schedule for Week of 18-Nov – Calculated Risk
This is a short week (Happy Thanksgiving!), but there are several key releases early in the week. On Monday, the NAR will release existing home sales for October, and the NAHB will release their homebuilder confidence survey. On Tuesday, Housing Starts for October will be released. Housing has been the bright spot for the U.S. economy recently. Also on Tuesday, Fed Chairman Ben Bernanke will speak on "The Economic Recovery and Economic Policy".
Market
participants will get an update on conditions in the U.S. housing market before going off on
Thanksgiving holiday.
Wall Street Week Ahead: Going off
"cliff" with a bungee cord – Reuters
(video) Europe Week Ahead: – Reuters
(video) US Week Ahead: Black Fri, Best Buy and
Bernanke, oh my! – Reuters
Global Week Ahead – Focus on policymakers – Nordea (pdf)
Global Week Ahead – Focus on policymakers – Nordea (pdf)
Focus is
likely to be on the US fiscal cliff debate, the Fed, and Greece. PMIs from the Euro-area and China are the most important data. We
expect no surprises on the Euro-area data front, while we could see a positive
surprise in China.
Weekly Preview: Arranging the deckchairs – BNY
Mellon
The Greek
government has just bought itself a couple more weeks’ time, what happens
thereafter is not quite clear.
Weekly Focus: Political events take centre
stage – Danske
Bank (pdf)
Market
movers ahead: Negotiations on the US fiscal cliff continue * Euro Flash PMI and German Ifo expected to show
small improvement * We look for a further rise in Chinese HSBC Flash PMI * The Bank of Japan is not expected
to add stimulus at next week’s meeting * Q3 GDP growth in Norway is likely to have
seen a deceleration to 0.5% q/q.
G10 Weekly: Strategic Scandi Outlook – Nordea
(pdf)
Swedish
macro landscape and policy outlook, Norwegian relative outperformance
Market Analysis:Summary Of Recent Events – The
Short Side of the Long
We are
starting to see some signs of the equity market becoming oversold from a short
term perspective.
Weighing the Week Ahead – A
Dash of Insight
Can You
Find Opportunity this Thanksgiving?
FX Positioning and Technical Outlook – Marc to Market
FX Positioning and Technical Outlook – Marc to Market
While we
retain a favorable outlook for the dollar, we are concerned that in the
near-term, the bulls have over-reached.
Weaker dollar,
yen and sterling in 2013, but mind the cliff
Weekly Fixed Income Summary and Strategies – TF Market Advisors
Weekly Credit Update – Danske Bank (pdf)
Direction
of credit markets will depend on US fiscal cliff negotiations * Decent - but
not high - activity in the primary markets * Liquidity management exercise
could pick up
Yield Forecast Update – Danske
Bank (pdf)
Event risks
continue to dominate sentiment
Stress Indicators: Is the holiday over? – Saxo
Bank
Emerging Markets Briefer - November 2012 – Danske
Bank (pdf)
Emerging
markets FX is under considerable pressure as the risk-off environment due to
fiscal cliff concerns and the re-emergence of the eurozone debt crisis
dominates global markets at this moment. However, we believe this is only
temporary and, going into the 2013, we expect the appetite for risk assets to
return.
EMEA Weekly: Week 47 – Danske
Bank (pdf)
Sell-off in
rand prevents South African central bank from easing
Emerging: Week Ahead – beyondbrics / FT
Agenda: Budget talks take centre stage this
week – euobserver
Money will
be the talk of the week as EU leaders make their way to Brussels to try and secure a deal on the
bloc's longterm budget.
CALENDARS
Economic
Calendar – Forexpros
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