Danske Markets

We have revised down our expectations for the number of Fed hikes. We now expect three hikes in 2016 (previously four) while we still expect four hikes in 2017. The reason we now expect one hike less...

The week ahead in Sweden is all about the Riksbank's monetary policy decision, due to be announced on Tuesday (at 09:30 CET), where we and most/all analysts expect a no-change vote. But it will be a...

The latest IMM data cover the week from 1 to 8 December 2015.IMM positioning data released Friday show how investors - on the back of the disappointing ECB meeting - reduced their bearish EUR-exposure...

This week the scorecard recommends buying CHF, AUD and NOK while selling JPY, GBP and USD.Last week's signals resulted in a 0.8% gain. Especially the long JPY and the short NOK positions performed...

Focus will continue to be on the oil market and China as well as the upcoming Fed decision on lift-off on Wednesday.Today is pretty quiet on the data front with euro industrial production the main...

Chinese data over the weekend generally supported the picture of a moderate recovery in the industrial sector fuelled by higher credit growth and a slight improvement in exports. This is broadly in...

Market movers ahead In the US , the most important event next week is the Federal Reserve meeting on Tuesday-Wednesday. The statement and the FOMC 'dots' will be announced on Wednesday at 20:00 CET,...

First US rate hike since 2006 ECB disappointed at December meeting Fed on track for December rate hike EUR/USD set to fall in December but rebound in 2016 To Read the Entire Report Please Click on the...

As expected, the BoE kept the Bank Rate and stocks of purchased assets unchanged at 0.50% and GBP375bn, respectively. The vote was once again 8-1.Although the pressure on the BoE to keep rates low...

In terms of data releases, focus will be on the US retail sales in November. This is one of the few remaining figures to be released ahead of the FOMC meeting next week. Consensus expects an increase...

Last week's OPEC meeting made it clear that the cartel is unlikely to support prices any time soon. Oil prices have dropped to seven-year lows as a result.What could stop the current price slide?...

The Swiss National Bank (SNB) today kept policy rates unchanged at its quarterly meeting as expected by most market observers, i.e. the 3M Libor target and sight-deposit rate were kept at -0.75%. This...

We expect no action from SNB today following the 'light easing menu' from the ECB (previously we expected a 10bp cut). Following the ECB meeting, EUR/CHF jumped and pricing that the SNB should cut...

We believe global manufacturing is bottoming and look for a moderate pick-up over the coming quarters. A turn in the global inventory cycle, a moderate recovery in Chinese manufacturing and robust...

Swedish linkers are trading very expensive in our view. The 5Y segment is particularly rich. Swedish BEI rates have been resilient despite lower commodity prices over the past week or so.To Read the...

As argued in the first paper, a Fed hike next week seems like a done deal and if so, we believe attention will quickly shift to the updated Fed projections and, in particular, the so-called 'dots'...