9th Aug - W/E: Weekly Support

Sorry about the pause in posting – I had computer trouble. 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.

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  LAST WEEK

Weekly Scoreboard – Between The Hedges

Tyler’s Weekly Market Wrap – ZH

Dow Suffers Worst Streak Since 2011, Yield Curves Collapse

Succinct summation of week’s events – The Big Picture

Daily Prices – Global Macro Monitor

5 charts from the week in markets – WSJ

  NEXT WEEK

US Schedule for Week – Calculated Risk

Economic Calendar – Berenberg

Economic Calendar – Handelsbanken

UK Calendar – Handelsbanken

World Week Ahead – WSJ

Global Central Banks Calendar – WSJ

Week ahead: US Consumption and UK Wages – Marc Chandler

5 Things to Watch on the Economic Calendar – WSJ

Key Events In The Coming Week – ZH

Wall St Week Ahead – Reuters

Shipping: Oil tankers sheltered from gas, dry bulk weakness

Weighing the Week Ahead – Dash of Insight

EU Week Ahead: – WSJ

Weekly Market Outlook – Moody’s

Week Ahead – Nordea

Tomorrow, we will see China’s trade data and growth in industrial production will come out on Wednesday. Next week’s key events in the US are the retail sales and industrial production figures. The most scrutinised data from the Euro area will be GDP and the German ZEW index. In the Scandis, Norway and Sweden will deliver inflation figures.

Strategy – Danske Bank

Gasoline prices have been resilient to the oil price drop resulting in a modest impact on consumers * Fed’s Lockhart provided a hawkish shift in Fed rhetoric which supports our call for a September hike * The Fed pricing is still too subdued and we expect higher short-term US yields and lower EUR/USD * The euro area periphery countries are recovering but political uncertainty is looming * Bank of England more dovish than expected due to strong sterling and lower oil price

Weekly Focus – Danske Bank

Macro Weekly – Advanced economies stepping up – ABN AMRO

Worries about Greece appear to have been replaced by concerns about China and the global cycle more generally. It has been a bad start to the year, with global economic growth disappointing. However, advanced economy demand is stepping up a gear, and global industrial production will likely follow. Although downside risks to China’s outlook persist, we still expect a soft landing. Meanwhile, the Fed looks on track for a September rate hike, while the BoE is likely to wait until 2016. Greece appears to be moving closer to an ESM deal, but Grexit risks could well return in coming months.

EM currencies are significantly undervalued – Nordea

Emerging Markets currencies have suffered another round of heavy losses in recent months. The ten EM currencies we cover have weakened almost 10% vs the USD just this year and almost 20% vs a year ago. We keep our moderately bearish view on EM FX for the remainder of this year, although a simple fair-value model puts the average EM FX undervaluation at 15% vs the USD or close to two standard errors away from fair value.

Euro rates update – Nordea

FX Outlook – Marc Chandler

Dollar Outlook and Currency Rotation

FX 4 Next Week – TF