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Saturday, September 14

14th Sep - Weekender: Weekly Support



Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week's 'Support' here.

Previously on MoreLiver’s:

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LAST WEEK
Friday Close
Markets – Between The Hedges
Recap: Observations on Forward Guidance – Global Macro Trading
Daily Risk Monitor – Global Macro Monitor

Europe: PIIGS Bonds Get Slaughtered At Close – ZH
US: Dow's Best Week In 8 Months (Ahead of Taper, Elections, Debt Ceiling, & Syria) – ZH
Weekly Scoreboard – Between The Hedges
US market portrait – Portfolio Probe

The Economist’s Weeklies:

The Weekenderbeyondbrics / FT

Succinct summation of week’s eventsThe Big Picture

Weekly Bull/Bear RecapRCS

NEXT WEEK
Schedule for WeekCalculated Risk
The key event this week will be the FOMC statement and press conference on Wednesday. It is possible that the FOMC will start to reduce the monthly purchases of assets.  There are three key housing reports that will be released this week, housing starts on Wednesday, homebuilder confidence survey on Tuesday, and existing home sales on Thursday. For manufacturing, August Industrial Production, and the NY Fed (Empire State) and Philly Fed September surveys will be released this week.   For prices, CPI will be released on Tuesday.
 
Economic CalendarBerenberg (pdf)
US Fed meeting: monthly asset purchases (QE) reduced? * German elections: last week before the polls * BoE minutes: a little less dovish * ZEW investor confidence: further improvement

Economic CalendarHandelsbanken (pdf)

S&P 500 Earnings Week AheadReuters

Wall Street Week AheadReuters
Months of anticipation will come to an end next week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds.

(video) Asia Week AheadReuters

Weighing the Week Ahead: Will Bernanke Change Course? - A Dash of Insight

Weekly Focus: Time for taperingDanske Bank (pdf)
We expect the Fed to initiate the tapering of the QE programme at next week’s FOMC meeting. We expect a reduction in treasury purchases of USD10bn. Ben Bernanke is expected to stress that the first Fed funds rate hike is not likely to come before mid-2015. In the euro area, the German federal election gets attention. The state election in Bavaria held on 15 September may give some clues to the outcome of the federal election to be held on Sunday 22 September.

Week Ahead  Nordea (pdf)
We expect the Fed to reduce the pace of its monthly bond purchases by USD 15bn, to USD 70bn... UK minutes of the MPC meeting...Draghi’s speech on Monday (summary).

Strategy Danske Bank (pdf)
Relief in risk markets – not least emerging markets

FX Outlook: Is it All about the Fed? Marc to Market 
We suspect the dollar may weaken after the FOMC decision.  The Fed is more likely to do less rather than more relative to market expectations. That sell-off can extend into the end of the week.  However, we look for the dollar to begin recovering ahead of the German elections next weekend.



Scandi Markets aheadDanske Bank (pdf)
Norges Bank in focus and Swedish inflation bottoming out



The Fed's Dilemma and the Week AheadMarc to Market
 
Yield Forecast UpdateDanske Bank (pdf)
Time for consolidation before moving higher

EMEA WeeklyDanske Bank (pdf)

Emerging: Week Aheadbeyondbrics / FT

Agenda: Merkel aims to win third term euobserver
Agenda - The Week Ahead Europa
Drugs, War, Polar Bears: Brussels Week AheadWSJ

CALENDARS
Economic Calendar – investing.com
Economic Calendar – BB
EU calendar – europa.eu
MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

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