Danske Markets

The senate's decision to launch impeachment proceedings against President Rousseff marks the beginning of a new era for Brazil. The process has so far been surprisingly smooth, in our view.The new...

As expected, the Bank of England's (BoE) policy decisions kept both the Bank Rate and stock of purchased assets unchanged at 0.50% and GBP375bn, respectively. Both votes were unanimous (9-0). Some of...

As expected, Norges Bank (NB) left rates unchanged at 0. 50%.The statement reiterated the March easing bias but was otherwise very balanced with no clear signals that the bank is planning to cut in...

After some very quiet days we have several important data releases and events today. We expect Norges Bank to keep the sight deposit rate unchanged at 0.50%. We expect NB to re-iterate its dovish bias...

A low CPIF print tomorrow poses upside risks to EUR/SEK.Fundamentally, we are bullish on SEK on valuation and growth. Hence, we believe clients should stay strategically short EUR/SEK. To read the...

We have a very thin calendar in term of data releases today. The most important release is the Prospera inflation expectations in Sweden, which is due today at 08:00 CET. Riksbanken continues to...

EUR/NOK correlation to oil will not break down despite the recent fall.A higher oil price is good for the Norwegian economy long-term: short-term a stronger NOK creates headwinds. Short- to...

Buy SGB1047 and sell Bobl. @ +20bp. P/L: 0bp/38bp. 3m carry/Roll down: +5.8bp.To read the entire report Please click on the pdf File Below

In terms of global data releases, the calendar today is rather thin. German industrial production data for March are likely to attract some attention after the strong factory orders released...

Overall, the credit market saw some softness last week. iTraxx Main widened 5bp to a level of 78bp at the deadline for this publication yesterday, while Itraxx Crossover widened 15bp closing at...

The main feature of the April inflation is the extent of the correction in foreign airline tickets after the surge in March (early Easter). To some extent this is balanced by a correction in book...

This week the scorecard recommends buying JPY, NOK and NZD while selling USD, EUR and AUD.Last week's signals resulted in a 0.06% loss. Especially the long CAD position was expensive whereas the short...

At its meeting on 12 May we expect Norges Bank (NB) to leave the sight deposit rate unchanged at 0.50% .Thursday's NB meeting is a short/intermediate meeting in the sense that no monetary policy...

The German factory orders for March are expected to have risen moderately as the improved economic activity in the US and China should be supportive for foreign orders. Looking ahead, uncertainty...

The latest IMM data covers the week from 26 April to 3 May 2016.To read the entire report Please click on the pdf File Below

As indicated by both the ADP jobs report and ISM/Markit PMI surveys, only 160,000 new jobs were added in April. This was the lowest in seven months and well-below the trend we have seen over the past...