Danske Markets

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 the following FX...

Today, the Bank of England sets the Bank Rate and communicates the target for its asset purchases. They are expected to be maintained at 0.50% and GBP375bn, respectively. We expect the vote count to...

US ISM non-manufacturing is released at 16:00 CET and we expect the index to be stable at the current level (55.3) suggesting that the service sector continues to grow at a moderate pace.Euro area...

One argument for a lower EUR/USD:Relative rates: still in favour of USD... ...but several arguments for a higher EUR/USD: Valuation : EUR/USD is substantially undervalued External balances : The EU/US...

China has today eased policy further aiming its ammunition at the ailing construction sector . It has cut the down payment for first-time buyers from 25% to 20% (in cities without purchase...

The labour market tightened significantly in 2015, which was the main reason why the Fed raised the target rate in December, as PCE core inflation is still subdued. Since then there has been much...

Volatility remained high on global credit markets last week as risk sentiment continued to fluctuate with the oil price, which recovered somewhat on market expectations that Russia and Saudi Arabia...

Market Movers Euro area unemployment figures for December will be released today. We expect the decreasing trend to continue, which will be supportive for the economy. Note that the unemployment rate...

ISM manufacturing has stabilised although at a weak level. This was still positive as some of the regional indices (Empire and Dallas) pointed towards a sharp decline. Also Markit PMI manufacturing...

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...

The OECD and Finnish Economic Policy Council (EPC) have published reports on Finnish economic policies, which broadly support Prime Minister Juha Sipilä's government's goals. Support is welcome,...

Chinese PMI data has sent conflicting signals as the private Caixin manufacturing PMI points to a moderate recovery (in line with our expectations) whereas the official NBS manufacturing PMI has hit...

This week the scorecard recommends buying JPY, CHF and NZD while selling NOK, USD and EUR (see suggested weights in portfolio in table on page 1).Last week's signals resulted in a 0.1% loss....

Main event today is US ISM manufacturing. We look for a stabilisation of the index after several months of decline. If it stabilizes or rises slightly it should support risk assets as it would dampen...

The latest IMM data covers the week from 19 January to 26 January 2016To read the entire report Please click on the pdf File Below

In Sweden, the week ahead will be interesting as we receive industrial and service data (Fri., at 09.30 CET), which have high relevance for the outlook for the Swedish economy. While domestic demand...