Danske Markets

The latest IMM data covers the week from 6 October to 13 October 2015.IMM positioning data released on Friday show speculators continue to unwind their bearish JPY exposure . Indeed, in eight of the...

This week the scorecard recommends buying SEK, NOK and AUD, while selling NZD, JPY and USD.Last week's signals resulted in a 0.3% gain. Especially the long AUD performed well, while the short NZD was...

Market Movers Besides this morning's Chinese data releases (see more below), the calendar is fairly thin, with US housing data released in the afternoon as the highlight. The NAHB housing market index...

China released a range of data this morning, which, overall, surprised a bit on the downside. However, the data shows no signs of a collapse in the Chinese economy and, as such, brings a little relief...

In Sweden the National Debt Office will present a new borrowing forecast for 2015-16 on Wednesday. Just looking at the monthly borrowing numbers since the previous forecast was released (June), the...

Market movers ahead We expect the health of the manufacturing sector to take centre stage in the coming week, with the release of PMI data in the US and Europe and figures for industrial production in...

EUR/NOK. We think that the short-term risks remain skewed to the upside as markets have priced out the probability of another Norges Bank rate cut in 2015 and as we approach year-end when NOK...

The latest risk rally will fade, in our view, as global growth is stalling.Weak global growth is bearish for USD versus GBP, EUR. Investors with an FX mandate should focus on RV such as short EUR/GBP...

Market Movers US September industrial production is expected to fall 0.2% m/m, following the 0.4% decline in August. This would be in line with the manufacturing survey data, which have generally...

Questions about QE - municipal bonds yes, but if the Riksbank wants to increase QE to any significant degree, it will be hard to avoid covered bonds.Trades Loss taken ,sell SGBi3102 outright. Loss:...

Market Movers Focus is on US CPI inflation for September. The headline figure should move into deflation but core CPI is expected to be unchanged at 1.8% y/y. Yesterday's US PPI numbers were low...

September retail sales were weaker than consensus expected (+0.2% m/m) but slightly better than our expectation (0.0% m/m). Overall, retail sales increased 0.1% m/m but this was driven primarily by...

The UK labour market report released today was somewhat mixed. On the one hand the unemployment rate declined to 5.4%. On the other hand wage growth slowed to 2.8% y/y. In our view, the slower wage...

Market Movers Today's main event is the US retail sales data for September. The US economy is currently split between solid domestic demand driven by private consumption spending and weak exports that...

The EIA, OPEC and IEA have all published projections of an oil market rebalancing in 2016 in their latest forecast reports.It supports our forecast for the price of Brent crude to recover to an...

UK was back in deflation in September as CPI inflation declined to -0.1% y/y from 0.0% y/y in August (Danske Bank: 0.0% y/y, consensus: 0.0%). Core inflation was unchanged at 1.0% y/y in September...