Danske Markets

Macron wins by a very wide margin. Focus now turns to his choice of PM and cabinet followed by the parliamentary election.Upside risk to EUR/USD as focus turns to the ECB - the big winner in euro FI...

US jobs report for April showed solid jobs growth of 211,000. Both the U3 and U6 unemployment rates fell to new cycle lows indicating less slack in the labour market.That said, we think the FOMC...

Market movers ahead We expect a rebound in US CPI inflation after the sharp fall in the March inflation print. German GDP growth for Q1 is likely to mirror the relatively strong euro area growth. We...

Political risks are fading in Europe with Macron likely to become the next president of France.Economic momentum looks strong in the euro area. However, PMI indicators are pointing to a softening of...

Inflation surge in AprilMinutes, Prospera and Budget New target variable - but no interval Market discounts too big resolution fee effect in FRADEC17 EUR/SEK - vol-selling strategies for the...

Riksbank is getting its way in terms of SEK movementsHowever, we feel that the rally in EUR/SEK is overdone 'Monetary policy gap' and April CPI suggest potential for lower EUR/SEK To read the entire...

Financial stress in China is on the increase again as regulatory tightening squeezes shadow banking. Continued stress is a downside risk for growth and should be watched carefully. We continue to look...

The main event today is the US jobs report for April. We estimate nonfarm payrolls rose 170,000 in April, a bit below consensus of 190,000 but in line with the employment growth in the ADP jobs report...

Receive FRA SEP17 and MAR18 against paying DEC17 @ -19.5bp. P/L: -8bp/-25bp. In both 2015 and 2016 the market pushed 3MSTIBOR fixings considerably lower in December amid year end resolution fund fees...

As widely expected, NB left rates unchanged at today's monetary policy meeting. The statement was balanced relative to Marchs slightly dovish stance and concluded: 'The outlook and the balance of...

On Sunday 7 May, the final round of the French presidential election will take place and opinion polls still favour Emmanuel Macron, who was also seen as the winner of Wednesday's final TV debate. Le...

The Fed's May meeting was quite dull in the sense that we did not get much new information.Most interestingly is that the Fed thinks the weak GDP growth of 0.7% q/q AR in Q1 was 'likely to be...

Market movers today Euro area retail sales for March released today. Following solid monthly increases in both January (0.1%) and February (0.7%) we expect a marginal monthly decline of 0.1% in...

FX Quant Strategy provides a quantitative overview of the currency market, including several valuation tools and monitors, focusing on the FX options market.This week we recommend one FX option trade:...

In the US, the FOMC meets today. This meeting is one of the small meetings (no updated projections and no press conference) and we do not expect any changes in monetary policy or any major changes in...

QE figures for April showed that the average maturity of German Public Sector Purchase Programme (PSPP) purchases was unchanged in April at 4.7 years. We expect German purchases to continue to be...