Danske Markets

In Sweden , the week ahead contains mainly business and consumer confidence (Friday, at 09.30 CET) data from the National Institute for Economic Research (NIER), which is interesting but, alas, not as...

CPI, CPIF and CPIF excluding energy were all a 10th below the Riksbank's forecasts printing 1.4% y/y, 1.6% y/y and 1.2% y/y, respectively. The first two were spot on our forecasts and the latter a...

After a lot of political noise, the Trump administration is finally starting to gear up the economic policy agenda.This may reignite the second leg of the 'Trump trade' following a brief pause. We...

Today, we have a relatively light data calendar.In the UK, retail sales data for January are due to be released. In Sweden, inflation data is due out, but a variety of factors make the January print...

It looks like the Debt Office will have to scale back on borrowing plans again. If so, it might be T-bills that are affected.Update on our trading recommendations - what is happening with 3M fixing...

In the ECB Minutes from the meeting in mid-January, the ECB concluded that on capital key purchases distribution 'limited and temporary deviations were possible and inevitable' (see ECB Account ). The...

EUR/NOK . The latest move lower in EUR/NOK seems slightly overdone according to the coinciding moves in near-term FX drivers. As a result, we find it likely that the cross will take a 'breather' and...

Market movers today We face a very thin data calendar, so focus - apart from the ECB minutes - will primarily be on markets evaluating the last days strong US data and coinciding rally in risky assets...

We are facing an interesting data calendar with several important releases amid markets digesting Federal Reserve Chair Janet Yellen's comments yesterday on the US monetary policy outlook .In the US ,...

Today's CPI inflation numbers surprised on the upside to 2.5% y/y from 2.1% y/y, driven by a rise in core inflation.PPI inflation also rose further to 6.9% - the highest level in six years. The...

The main event today will be Fed Chairman Janet Yellen's semi-annual testimony before the Senate Banking Committee. Focus will be on any hints regarding the timing of the next hike. We look for a June...

While we continue to see further upside for both 10Y Bund and 10Y US Treasury yields on a 6M-12M horizon, we expect no major yield changes over the next three-six months.Yields have fallen somewhat...

Four arguments for a lower EUR/USD: Relative rates : bearish for EUR/USD as the Fed is slightly underpriced for 2018 European politics : EUR/USD negative but do not overestimate the impact Potential...

Market movers today We have a very quiet start to an otherwise busy week on the macro front. Today will not provide any key figures, only new economic forecasts from the European Commission. Apart...

The latest IMM data covers the week from 31 January to 7 February 2017To read the entire report Please click on the pdf File Below

Special Scandi FX theme : The last months' move lower in both EUR/NOK and EUR/SEK have seemed slightly overdone according to short-term FX drivers - even if we think both crosses fundamentally remain...