Here
are the links to the weekly roundups, reviews and also previews of the
beginning week. Last week’s ‘Weekly Support’ is here.
Follow ‘MoreLiver’
on Twitter
LAST WEEK
Markets
'Turmoil' After Comey Crashes Clinton Party
NEXT WEEK
EU-Canada
Summit, Finally; Juncker’s Two-Year Mark
Fed
meeting in sight but election looms for stocks
Limited rebound in the US * Deceleration
confirmed in the euro zone * The UK proving resilient, but for how long? * Will
FOMC replay the November 2015 meeting in announcing a December rate hike? * The
Russian economy is getting a bit better but the recovery is fragile. The
consolidation of public finances has become the government’s priority
A
huge amount of important information will be released in the coming week. The
US Labour Market report, ISM reports, Euro-area GDP and inflation and Chinese
PMIs. Moreover, the Fed, the BoE and the BoJ all meet to discuss interest
rates. Norwegian house prices, Danish FX reserves and parliamentary elections
in Iceland are the main events in the Nordics.
US
Fed meeting, jobs report and ISM survey. Chinese PMI. BoE meeting
Global inflation on the rise, pushing up
inflation expectations * Risk to the upside for bond yields
for now on better data, rising inflation
and central banks * Stocks caught between better data and more hawkish central banks
* Euro data surprise to the upside
Key Events In The
Coming Week
– ZH
The
key economic releases this week include the personal income and spending report
on Monday, ISM manufacturing on Tuesday, ISM non-manufacturing on Wednesday,
and the employment report on Friday. The November FOMC statement will be
released on Wednesday at 2PM. In addition, there are a few scheduled speaking
engagements from Fed officials this week.
Canada:
Volatility redux? US: Clearing the decks before the election * Asia: Carry a
big stick, buy less * Europe: Know when to hold them * LATAM: Inflection
points?
Shareholder
Take Soars as Cap Ex Stalls
Manufacturing
PMIs showing consistent improvement in October * Risks to eurozone growth more
balanced * US GDP shows meaningful acceleration in Q3 * CETA was agreed, but
trade deals remain highly unpopular. This is not good
Speculators
Make Concerted Effort to Pick Bottom in Sterling
October
Surprise Pushes Open Door
Macro
Comment – Marc Chandler
Six
Thumbnail Sketches of This Week's Dollar Drivers
Trading
conditions next week could prove treacherous, particularly for USD traders, as
we have a heavy data calendar followed by the pivotal US election the week
after. That said, we may have sufficient energy in the market to see tradable
moves in the coming week.