Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. This post will be updated as new material is published.
Previously
on MoreLiver’s:
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LAST WEEK
Weekly
Scoreboard – Between
The Hedges
Friday’s
Price Monitor – Global
Macro Monitor
Dollar
Soars By Most In 43 Months; Stocks, Oil Surge In Week After Worst Payrolls
Since 2013
Succinct
summation of week’s events – The
Big Picture
NEXT WEEK
US
Schedule for Week –
Calculated
Risk
Economic
Calendar – Berenberg
Chinese Q1
GDP: slowdown towards 7% * ECB: the effectiveness of QE * IMF and Worldbank
spring meetings: potential growth decline in focus
Economic
Calendar – Handelsbanken
World Week
Ahead – WSJ
Global
Central Banks Calendar – WSJ
Week Ahead
– ZH
5 Things to
Watch on the Economic Calendar – WSJ
Wall St
Week Ahead – Reuters
Fed takes
back seat as market shifts focus to earnings
Weighing
the Week Ahead – A Dash of Insight
Global Week
Ahead – BB
EU Week
Ahead – WSJ
Weekly
Market Outlook – Moody’s
Next week China is
due to publish Q1 GDP. We expect
the release to
show that
China’s 7%
growth for this year is already challenged * We expect no change or new signals
on policy but we look for a dovish stance from Mario Draghi when the ECB meets
on Thursday * We estimate a significant rebound in US core retail sales of 0.8%
m/m in March * We expect US headline CPI to increase 0.2% m/m, which would take
annual inflation out of deflationary territory * G-20 finance ministers and
central bankers are set to meet in Washington next week
Strategy – Danske
Bank
US neutral policy rate lower – but not
as low as the market prices * US output gap to close faster than expected * We
look for higher US yields soon * Time for next leg
down in EUR/USD * Euro data disappointed this week but economy still looks
strong * Chinese inflation adds to expectations of more easing
Macro
Weekly – ECB to dismiss QExit talk – ABN AMRO
The ECB has
its first meeting next week since the beginning of asset purchases under its
public sector programme started. President Draghi’s big challenge in the press
conference will be to sound positive about the impact of QE and the outlook for
the economy without sounding like it is going ‘too well’. He is likely to make
it clear that the central bank plans to
continue asset purchases to at least September 2016 and we think he is likely
to successfully dismiss talk of tapering or exit. This task will become much
more challenging later in the year, and certainly in 2016, as the economy
continues to gain momentum.
Week
Ahead – Nordea
Next week
will bring Chinese Q1 GDP figures and we expect growth to be dipping to a new
low. From the ECB meeting we expect no new policy measures. During the Q&A,
Draghi will likely face questions on Greece and on possible future adjustments
to the QE programme. US headline inflation is expected to
rise again.
CREDIT
Euro
rates update – Nordea
Euro
Rates Weekly: QE hurting liquidity – ABN AMRO
We and the
majority of investors in our survey fear that QE will harm liquidity * Bid ask
spreads of 30y eurozone benchmark bonds suggest that these fears are grounded *
Bond markets without an underlying bond future have witnessed widening of b/a
spreads * Liquidity of AAA bonds will worsen because of QE purchases and a
decreasing universe of bonds * Higher transaction costs and increased bond
yield volatility are the main side effects of illiquidity
FOREX
FX
Outlook – Marc
to Market
Can't Keep
a Good Buck Down
G10 FX
Weekly – The dollar’s come-back – ABN AMRO
Come-back
of the US dollar and the trend will probably accelerate next week * Surprises
in CPI data next week will likely result in large currency moves
Divergence
Drives the Dollar –
Marc
to Market
FX 4
next week – TF
JPY looking
ready for further rally * EURUSD seeks support pre-ECB meeting * Little upside
momentum for AUD and NZD * USDCHF is pulling back beyond parity
FX: Q2
> Q1 – Nordea
The Markets
are questioning - trend on, or break? The worst is likely behind for the global
economy and inflation in Q1. The technical bearish bat pattern for the USD is
up for a test this week.
EMERGING
EM FX
Weekly – The ruble’s recovery – ABN AMRO
Sentiment
in the Russian ruble improved * Asian central banks intervene in different
directions * SGD to ease to 1.40 against the USD as the MAS is likely to adjust
the S$NEER band
CALENDARS
Economic
Calendar – investing.com
Economic
Calendar – BB
EU calendar – europa.eu
Markkinakalenteri
– Nordnet
Global
Central Banks Calendar – WSJ
Central
Bank Release Calendar – Daily FX