Here are
the links to the weekly roundups, reviews and also previews of the beginning
week. Last week's 'Support' here.
This post will be updated as new material is published.
Previously
on MoreLiver’s:
LAST WEEK
Weekly
Scoreboard – Between
The Hedges
Friday’s
Price Monitor – Global
Macro Monitor
Grexit
Anxiety Sparks Bond Bid As Stocks Skid To Worst Streak Since Jan
Succinct
summation of week’s events – The
Big Picture
WEEK AHEAD
US
Schedule for Week –
Calculated
Risk
Economic
Calendar – Berenberg
Economic
Calendar – Handelsbanken
5 Things to
Watch on the Economic Calendar – WSJ
Wall St
Week Ahead – Reuters
The Week
Ahead – Marc
Chandler
FOMC,
Currency Wars, Greece and More
Global
Economy Week Ahead
– Reuters
All ears
tuned to Fed language, Greek debt talks
Weighing
the Week Ahead – A
Dash of Insight
While few
expect a change in Fed policy at this week’s FOMC meeting, it will still be the
center of attention. With last week’s interest rate jump, I expect the theme to
be: Is the market sending the Fed a message?
Greece, Draghi, OMT and Data Protection
Weekly
Market Outlook – Moody’s
Weekly
Focus – Danske
Bank
FOMC
meeting: updated projections, statement and press conference * Euro area negotiations
between Greece and the Troika continue. It is
still our view that an agreement will eventually be reached, but probably not
before the negotiation partners are close to a deadline that is perceived as
non-breakable * UK: MPC minutes, wage growth and the unemployment rate. * Japan: BoJ unlikely to announce any new
easing measures on Friday * Norway: central bank to cut the policy
rate by 25bp on Thursday, focus on updated projection path * Denmark: general election on Thursday, outcome should not have
any major impact.
Strategy – Danske
Bank
US growth rebounding as expected
putting Fed on track for September hike * US bond yields have more upside over
the summer * We’re still moderately positive on the stock market * EUR/USD to
move lower eventually
Week
Ahead – Nordea
Next week
offers a lot of topics including several central bank meetings with the FOMC
meeting topping the list. We expect rate cuts from Norges Bank and the Russian
Central Bank. Furthermore, inflation figures are presented with US CPI
inflation expected to leave negative territory. Greek negotiations seem
never-ending, but we actually see a chance that some sort of an agreement could
be reached by Thursday.
Macro
Weekly – Data moving our way – ABN
AMRO
Recent
economic data has been more in line with our views on the global business cycle
than in the last couple of months. US and Chinese data in particularly have
started to improve. Japanese data is also firming while the eurozone economy
continues to do nicely. The implication is that we can feel more confident that
the Fed will hike rates in September, as we have been forecasting for some
time.
STOCKS
Weekly
Market Summary – The
Fat Pitch
Long
periods where the S&P trades sideways in a range is not unusual. There have
been at least 15 similar situations in the past 35 years, about one every two
years. Some of these have lasted as long as two years. Most of these have
resolved with the S&P moving higher. We've been in a trading range for 7 months;
settle in, this could go on much longer.
CREDIT
Euro
rates update – Nordea
Euro
Rates Weekly – Crisis-level volatility – ABN
AMRO
We assess
whether current bond volatility is not exceptionally high, as Mr Weidmann
suggested * Current volatility in Bunds compares to levels seen in the Eurozone
debt crisis and Lehman fallout * Volatility in peripheral bonds has decreased
on the back of QE and the ECB’s pledge in 2012 * The gap in volatility between 10y
DSLs and OATs has decreased and is currently at similar levels * Germany,
France and Spain will test the primary market. Net supply is negative at EUR 3bn.
FOREX
FX
Outlook – Marc
Chandler
Dollar Tone
Heavy; Can FOMC Lift It?
The
Norwegian krone could move higher after the Norges Bank meeting next week if
the central fails to fulfill dovish fears, and EURNOK could challenge toward
8.50. Elsewhere, an FOMC surprise will only send the dollar one way – up;
there's potential volatility in store for the Swiss franc; and the the Reserve
Bank of Australia has made it no secret that it would
like a weaker Aussie.