Danske Markets

Contrary to our expectations and a majority of economists' surveyed by Bloomberg, the Bank of Japan (BoJ) this morning kept monetary policy unchanged, maintaining asset purchases at JPY80trn per year...

A temporary return of relative rates as a driver of EUR/USD could send the cross lower in 3M as the Fed is priced more aggressively.We maintain, however, that the cross is set to see a continued...

Focus today on digesting the FOMC statement and the Bank of Japan.In the UK, everything continues to be driven by the upcoming EU in/out referendum. Today, chancellor Osborne is questioned by the...

As expected, the Fed maintained the target range at 0.25-0.50%. It removed 'global economic and financial developments continue to pose risks', which was included in the statement in March. Now the...

The first estimate of UK Q1 16 GDP growth showed that growth slowed to 0.4%q/q in Q1 16 from 0.6% q/q in Q4 15. This was in line with consensus but higher than our expectation of a 0.3% q/q print. If...

The key event today is the FOMC meeting, which is set to conclude with merely a statement (no press conference or projections). We expect the Fed to maintain the target range at 0.25-0.50% in line...

After basically shrugging off the lack of agreement at the OPEC meeting in Doha, the price of crude oil has hit new YTD highs in the past week, momentarily reaching $46/barrel.The ECB published...

A quantitative run through of the Swedish fixed income market, starting with the Riksbank and money markets before moving on to government and mortgage bonds.To read the entire report Please click on...

This week the G10 FX Financial Scorecard recommends buying NZD, SEK and CHF while selling JPY, GBP and CAD.Last week's scorecard signals resulted in a 0.4% loss. The next G10 FX Financial Scorecard is...

We expect the Fed to maintain the target range at 0.25-0.50% in line with both consensus and market pricing. As there is no press conference nor updated projections, focus is on the statement. We...

Today, the German IFO expectations for April are released, which we expect to stay at the current low levels in line with our expectations for the PMI figures. However, financial sentiment has...

The latest IMM data covers the week from 12 April to19 April 2016.To read the entire report Please click on the pdf File Below

In Sweden we look forward to the labour force survey (including employment and the unemployment rate), which is published on Monday (at 09.30 CEST), the trade balance and the NIER's business and...

Misreading Skingsley.Switch auctions of SGBi3104 to decrease real bond index weight. Although we were wrong about QE we see no reason to alter our trading recommendations for the moment. However, we...

Ahead of the UK's EU referendum we will release a monitor each week including the most recent news, opinion polls and what to watch.This week, HM Treasury released an analysis of the long-term...

The main message from today's ECB meeting was that the ECB is in implementation mode, as Draghi said the ECB policies are working but must be given time. Regarding the immediate need for additional...