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Saturday, February 13

13th Feb - Weekly Support



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:
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  LAST WEEK
Weekly ScoreboardBetween The Hedges

Tyler’s Weekly Market WrapZH
Gold Soars, Stocks Sink Despite Biggest Oil Rally In 7 Years

Succinct summation of week’s eventsThe Big Picture

5 charts from the week in marketsWSJ

[video] Bloomberg Best: Global Week in ReviewBB
Federal Reserve Chair Janet Yellen's testimony before Congress, drama for Deutsche Bank and exclusive interviews with prominent business and political figures.


  NEXT WEEK
US Schedule for WeekBill McBride

Economic CalendarBerenberg

Week Ahead – ZH

5 Things to Watch on the Economic CalendarWSJ

EU Week AheadWSJ
Brexit Summit, Migration, Gas, Steel

Week AheadBB
Fed Minutes, U.S. Inflation, EU Summit

Wall St Week AheadReuters
Late-day buying could be start of turnaround

Weighing the Week Ahead – Dash of Insight

EcoWeek: Disproportionate sentence BNP Paribas
Eurozone Disproportionate sentence: growth is in line with expectations. After Spain and Italy, Portugal is easing the fiscal pressure. USA If labour was the only criterion: The Fed faces a dilemma: the labour market conditions and the outlook for inflation call for the monetary policy normalization to keep going. Still, persisting stress on financial markets could jeopardise the outlook. Portugal Still needs to prove its worth: On 5 February, the European Commission accepted Portugal’s 2016 budget proposal after the government agreed to make changes. Even so, Portugal remains under tight surveillance.

Weekly Market OutlookMoody’s

Week Ahead: Draghi to the rescue? Nordea
Next week's US growth indicators will be the key focus, which we believe will show improvement. Key data releases are industrial production, manufacturing surveys, and CPI prints. There will also be a lot of Fedspeak to decipher, from which we expect a generally dovish tone. In the Euro area, Draghi speaks Monday and the European Council gathers to discuss Brexit and refugees. In China, we expect data to show no major economic changes. Finally, keep an eye on Swedish CPI and Norwegian GDP.

Weekly Focus Danske Bank
Mon: ECB’s Draghi speaks Wed: US FOMC minutes Thu-Fri: European Council on UK-deal

Weekly Strategy Danske Bank
The world is not yet facing a systemic crisis but risks are rising * There is an element of central bank fatigue and there could be a hit to global growth from the current turmoil * We expect the ECB to launch a range of stimulus factors in March and for the Fed to postpone rate hikes until September * But risky assets could remain under pressure until such time when there is a coordinated global policy response

Week AheadHandelsbanken

UK Week AheadHandelsbanken

FX OutlookMarc Chandler
Market Chaos Subsiding? Dollar Correction Over?

FX PositioningMarc Chandler
Speculators Continue to Press

FX 4 Next Week TF
Next week’s action will at least in part depend on how we close the week today... do we close on a hopeful note or below the key supports in a risk barometer like the S&P 500 which has recently been probing key technical levels going back a long time in the low 1800s?

Weekly Market SummaryThe Fat Pitch


The move into the perceived safe havens of treasuries and gold in 2016 appears to have reached a point of short-term exhaustion. That trend might resume, but odds suggest a pause is ahead. If optimism reached a peak in safe havens, pessimism likely reached a trough for equities.  None of this will matter if oil and equities continue to be highly correlated and oil is unable to stop falling. A strong 2-day rally still left oil lower than it was on Tuesday. Unlike last week, equities now have a bottom to trade against.