Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s post is here.
Previously
on MoreLiver’s
Follow ‘MoreLiver’
on Twitter
LAST WEEK
Weekly Scoreboard – Between
The Hedges
Tyler’s Weekly
Market Wrap
– ZH
Succinct summation
of week’s events
– The
Big Picture
5 charts from the
week in markets
– WSJ
NEXT WEEK
US Schedule for
Week
– Bill
McBride
Economic Calendar – Berenberg
Economic Calendar – Handelsbanken
UK
Weekly
– Handelsbanken
Week
Ahead – ZH
5 Things to Watch
on the Economic Calendar – WSJ
EU Week Ahead – WSJ
Poland
(Again!), Davos, NATO
Week Ahead – BB
Davos,
Home Data, China GDP, Iran, Tennis
Wall St Week Ahead – Reuters
Fundamentals
could resurface after wrenching sell-off
Weekly Market
Outlook
– Moody’s
Week Ahead: ECB To
Talk Markets Up?
– Nordea
Next
week in the Euro area, Thursday's ECB meeting will be all about sounding
dovish. In the US, CPI prints will be a key focus given the drop in oil prices
(Wed). China will release Q4 GDP growth figures on Tuesday, which we expect
will reveal 6.9% overall GDP growth for 2015. Meanwhile, the release of the
review of the Riksbank (Tue) may have quick effects on Swedish monetary policy.
Weekly Focus – Danske
Bank
ECB
to express a patient view. Given the market pricing of additional rate cuts,
the meeting could disappoint if Mario Draghi does not point to further rate cuts
* Chinese Q4 15 GDP figures on Tuesday – a positive number, supporting analysis
that growth should gradually improve in 2016 * US CPI on Wednesday, core
inflation to 2.1% y/y * Manufacturing PMIs: improving trend in the euro area will
continue, swayed by the increasing order-inventory balance, which is now at its
highest in almost five years.
Strategy – Danske
Bank
China
and oil have been driving the sell-off in risky assets * Lower oil prices
reflect supply
factors
as well as expectations of falling demand * China needs a weaker exchange
rate;
we expect EUR/USD to rise this year no matter where oil prices trade * European
equities appear oversold given growth momentum.
Week Ahead – Handelsbanken
China: Stable GDP growth expected in Q4 * Eurozone: ECB to withstand increasing pressure; PMI to
decrease on rising global uncertainty
Macro Weekly: ECB
heading towards more easing – ABN
AMRO
The
ECB meets next week against the background of a further deterioration of the
inflation outlook. Further monetary easing is already justified now in our
view, but the ECB may signal that it will consider steps at its next meeting. Our
base case is that the ECB will announce additional monetary stimulus in March,
including a further cut in the deposit rate. We have revised our eurozone GDP
growth forecasts lower.
FX Weekly: New
forecasts –
ABN
AMRO
Fears
dominate fundamentals leading to a higher yen. We have moderated our bullish
dollar view…and we have become more cautious on EM FX (ex Asia). We downgrade
our KRW, TWD, SGD, INR forecasts.
Outlook for the
Dollar: Dissecting the Bull – Marc
Chandler
FX Commitments – Marc
Chandler
Speculators
Boosted Long Yen Positions, but Mostly Continued Trimming Exposures