Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
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LAST WEEK
Kim,
Don, Gary, & Irma Spark Dollar Exodus As Gold Gains Most Since Brexit
S&P 500
Earnings Dashboard | Aug 31 – Lipper Alpha
NEXT WEEK
Financial markets are very much influenced
by expectations about monetary policy. The recent euro strength reflects
anticipations of a scaling back of the ECB’s asset purchase programme. Market
anticipations complicate the ECB’s task.
Geopolitical
risks could continue to impact financial markets in the coming week when the UN
Security Council meeting on North Korea takes place. In terms of data, CPI
prints are the highlight in several countries including the US and the Nordics.
Combination of strong global PMIs and
postponement of US debt limit risk is good for equities * Trump’s deal on the debt limit means that the
return of USD scarcity is postponed, likely until next year * Any dips in
EUR/USD should be shallow and short-lived * EUR yields to range trade before
rising next year, as markets price in an ECB tapering premium * Fed to begin
quantitative tightening at upcoming meeting but direction next year uncertain due
to vacant seats.
US: Irma’s painful aftermath * Canada:
Something old, something new * LatAm: At or nearing the end * Europe: Hawks and
doves consider data for Brexit * Asia: 1+6=?
Jobs, VIX and Defaults Move Together
Stronger
than expected growth so far this year everywhere * No signs of imminent slowing
* Subdued inflation * But significant uncertainties easy to identify
Dollar
Losses Accelerate, Adjustment not Over
Macro Comment – Marc
Chandler
Forces
of Movement in FX: The Week Ahead
FX weekly – Nordea
Trumps
short-term deal on the debt ceiling has made the whole USD-liquidity picture a
lot muddier to forecast. When will the tighter USD liquidity kick in? And also,
don’t buy the SEK (yet).