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
Succinct summation
of week’s events
– The Big Picture
Weekly Market Review – ZH
Bloomberg Best of
the Week
– BB
NEXT WEEK
US Schedule for
Week
– Bill
McBride
Economic Calendar – Berenberg
5
Things to Watch on the US Economic Calendar – WSJ
Week Ahead – BB
Fed,
Trump-Kelly, Hedge Funds. U.S. housing, consumer prices; Japan seen returning to
growth. Cisco, Wal-Mart earnings; ‘Championship Sunday;’ Preakness
EU Week Ahead – WSJ
NATO,
G-7, Greece, Migration and Weedkiller
Wall St Week Ahead – Reuters
S&P
seen failing in reach for year-old record
Weighing
the Week Ahead – Jeff Miller
Is
it Springtime for housing?
EcoWeek – BNP
Paribas
EZ: Strong start to
the year for the German economy, and Eurozone GDP is up 0.5% q/q. But a
slowdown is expected in the spring. US:
The labour market has been losing momentum. It could be additional evidence of
the soft patch the US economy went through in early 2016. It could also signal
further slowdown on the horizon. ECB:
Conventional monetary policy can be, and often is gradual. Unconventional
policy cannot afford that luxury. Four reasons are behind the necessity of
acting as fast and boldly as possible once unconventional policies have been
initiated. Spain: The job market is
still fragmented, split between permanent jobs on the one hand and temporary
jobs on the other.
Week Ahead: Fed to
remain hesitant –
Nordea
Next
week’s main event is the release of FOMC minutes. Data from the US will be rich
next week with the April CPI report and manufacturing output data. In the Euro
area, ECB meeting minutes and CPI prints are due. Also next week, we get the UK
March employment report and CPI data and preliminary Q1 GDP data from Japan.
Weekly Focus – Danske
Bank
Tue
US CPI core +2.1% * Wed FOMC minutes likely divided, June hike closed
Strategy – Danske
Bank
The
market has become overly pessimistic on US growth in our view * The USD has
bottomed and will strengthen near term, particularly versus European currencies
* The window for higher euro yields has closed on Brexit risks and flows * Brexit
risks, a stronger USD and falling
China credit growth suggest that the risk rally will fade near term.
Week Ahead – Handelsbanken
Global Views
Weekly –
Scotiabank
Weekly FX Sentiment
Report –
Scotiabank
Weekly Market
Outlook
– Moody’s
[free
registration required]
Macro Weekly - – ABN
AMRO
The
global business cycle: for better or worse? Commodity prices and cyclical
assets have recovered since late February, but what does that signal? Is this
the result of the earlier decline having gone too far or does it signal an
improvement in global cyclical conditions? The evidence is mixed, but we think
it weighs in favour of an improving outlook.
EM FX Weekly – ABN
AMRO
Brazilian
real likely to weaken somewhat… as focus turns back to reality. The Polish
zloty has been the weakest CEE currency… because of political and downgrade
risks… while we expect the Hungarian forint to shine.
FX Weekly – ABN
AMRO
USD
has recovered in recent weeks. JPY weakens due to verbal intervention from
Finance Ministry. Commodity currencies under pressure. Norges Bank leaves rates
unchanged at 0.5%.
Speculative
Positioning – Marc Chandler
Significant
Speculative Position Adjustment in the Currency Futures
FX
Outlook – Marc Chandler
Dollar's
Technical Tone Improves, but No Breakout (Yet)
Last
week saw a US dollar recovery that was given an additional boost Friday in the
form of a very strong April retail sales report. The outcome here, of course,
is being felt in EURUSD, but look for weakness in the loonie as well.