Danske Markets

Sell EURSEK @ 9.30 over anticipated strong GDP data next week as it offers some protection to roll down and yield spread positions (vs. GER) in Swedish rates.To read the entire report Please click on...

Focus today will turn to the Eurogroup meeting where Greece is in focus as the economic data calendar is relatively thin. Sunday evening the Greek parliament approved the 'first review bill' including...

Overall, European credit indices have been trading range-bound during the past week, with the European main and cross over indices being broadly unchanged compared to last week. Thus iTraxx Main...

This week the scorecard recommends buying NOK, CAD and AUD while selling GBP, EUR and SEK.Last week's signals resulted in a 0.08% loss. The next scorecard signals will be sent out 30 May. To read the...

In the US, there are only a few important economic data releases this week. Today the Markit PMI Manufacturing index for May is due for release. We see indications of a turn in the US ma

In Sweden, the week ahead is packed with interesting data. It starts off on Tuesday (at 09.30 CEST), when Statistics Sweden (SCB) publishes the labour force survey (incl. unemployment rate,...

The latest IMM data covers the week from 10 May to 17 May 2016.To read the entire report Please click on the pdf File Below

Market Movers ahead In the US , the main economic releases will be the PMI numbers for the manufacturing sector (Monday) and services sector (Wednesday). Furthermore, several FOMC members are due to...

Opinion polls continue to signal a close race but 'remain' is still ahead in most polls. Most notable was the Ipsos MORI poll published two days ago, which showed a 55% to 37% lead for 'remain' (from...

Risk markets will continue to be challenged by uncertainties over growth and the Fed outlookThe Fed rattling its sabre - yields to move higher over the coming quarters More downside in EUR/USD short...

Key themes The outlook for commodity markets is slowly turning in a more positive direction. Recent monetary stimulus from the European Central Bank, the Federal Reserve and the Bank of Japan, the...

There are no events of significant interest on the calendar today.Instead two major themes will continue to drive the market today: (1) the upcoming UK referendum on EU membership and (2) the Federal...

Lower borrowing and bond supply?Where is the cycle heading? To read the entire report Please click on the pdf File Below

EUR/DKK continues to edge lower and is approaching the low point from 2015.We forecast EUR/DKK at 7.4375 on 1-12M horizon with downside risk to around 7.4350. We recommend Danish pension funds to...

Higher US rates and light positioning are USD supportive factors near term.The USD is set to strengthen further in 3M particular versus JPY and EUR currencies. On 3-12M we continue to look for EUR/USD...

The minutes from the FOMC meeting held in April revealed that the FOMC is more divided than we previously thought. In general, the FOMC members agreed that the labour market continues to strengthen,...