Danske Markets

The two-day FOMC meeting is due to take place on 26-27 January 2016.The Fed was generally expected to keep the target rate unchanged at 0.25-0.50% already before the financial turmoil. Focus is likely...

This week the G10 FX Financial Scorecard recommends buying EUR, SEK and CHF while selling AUD, NZD and GBP.Last week's signals resulted in a 0.8% loss. In particular, the short AUD, NZD and CAD...

Focus to remain on central-bank responses to recent market turmoil with notably the Fed and Bank of Japan meetings this week. Today both ECB's Draghi and Lautenschlager are set to speak , which could...

In Sweden, we receive some of the final pieces of the Q4 15 GDP puzzle, as producer prices (Tuesday at 09:30 CET), the labour force survey, the trade balance and retail sales (all due Thursday at...

The latest IMM data covers the week from 12 January to 19 January 2016To read the entire report Please click on the pdf File Below

Market movers ahead We expect focus to continue to be on central banks next week, with the FOMC and Bank of Japan (BoJ) meetings. In our view, the Fed is likely to be reluctant to raise rates in the...

A calendar of key events in the Commodities Market for the week ahead.To read the entire report Please click on the pdf File Below

We look for a turn in risk sentiment as central banks step inChina sentiment has become too negative EUR/USD range bound in 1.05-1.10 - to turn higher later in 2016 To read the entire report Please...

From the start of the autumn until year-end 2016, Swedish bonds underperformed quite significantly versus Germany. As we see it, supply worries due to booming migration, lots of strong macro data and...

In the US, the Markit PMI manufacturing for January will give us some insight into how manufacturing has performed in the first month of the new year. The PMI index is not followed nearly as closely...

Market Movers We expect Mario Draghi to express a patient view at the ECB meeting today, as he needs to balance the views of the doves as well as the hawks. The very low oil price and in particular...

In the US, focus is on CPI inflation. While PCE core inflation (the Fed's target measure) is subdued significantly below the 2% target, CPI core inflation was 2.0% y/y in November. We estimate that...

According to IEA, Chinese oil demand declined in Q4 and demand growth is set to slow further in 2016.We are looking for a moderate recovery in China, which should underpin Chinese oil demand growth...

The leaked Review of the Riksbank's Monetary Policy was considerably less interesting than we had hoped, as the authors (King and Goodfriend) have chosen not to discuss the inflation targeting regime...

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 two FX option...

This year's sell-off in risky assets and in particular oil is overall a supportive factor for global fixed income markets. However, in general, the impact on global government bond markets has been...