Danske Markets

Market movers ahead A variety of speeches and the minutes of the last FOMC meeting will shed light on the Fed's view of the economy and how far we are from a rate hike. The Bank of England is not...

Fall in commodity prices increases systemic risks.Manufacturing weakness in the US could delay Fed rate hike. Chinese data showing signs of bottoming. Euro area back in deflation - pressure on the ECB...

The krona is becoming a short-term headwind for the Riksbank.We see 9.30-9.60 as a fair range for EUR/SEK over the next few months. We recommend to buy EUR/SEK at 9.35, target 9.60, stop-loss at...

We estimate that EM central banks sold USD 143bn worth of reserves in August, making it the largest fall in EM FX reserves on record. China accounted for USD 106bn of the USD 143bn.Over the coming...

Market Movers Today's key event is the US non-farm payroll report (see US labour market monitor: slower job growth not an obstacle for the Fed ). Over the past three months, the US economy has added,...

The US manufacturing ISM for September declined to 50.2 from 51.1 versus 50.6 expected. New orders took another dive to 50.1 from 51.7. Customer inventories, which is our preferred measure in the...

We see several signs of higher risk aversion among savers and investors. Money is being taken out of funds with more risky assets and re-allocated to safer alternatives like money market funds and...

In contrast with the Caixin manufacturing PMI, official PMI manufacturing for September was slightly better than expected, rising to 49.8 from 49.7 in August (consensus: 49.7). The new orders index...

Market Movers We are surprised by the resilience in developed markets' industrial activity indicators in September. The German Ifo expectations index increased, the flash Euro area manufacturing PMI...

We introduce the Danske G10 Medium-Term Valuation (MEVA) model which is a quantitative framework for bridging the short- and the long-term of FX economics by providing 'valuation anchors' for major...

Norges Bank FX transactions statistics released today show that foreign banks (proxy for speculative flows) net sold NOK 3.2bn in the Norwegian currency last week . The net selling primarily reflects...

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 one FX option...

Euro area HICP inflation declined back into deflation territory in September. Headline inflation was -0.1% y/y, down from +0.1% y/y in August (consensus 0.0%, Danske Bank -0.2%). Core inflation was...

The Swedish National debt Office (SNDO) today announced its yearly proposal of guidelines for the management of central government debt.To Read the Entire Report Please Click on the pdf File Below.

Market Movers Euro area inflation data for September are released at 11:00 CET. We expect inflation to turn negative again and forecast a rate of -0.2% y/y in September, down from 0.1% y/y in August...

This brief presentation gives an overview of the CNH market and the recent FX reform in China.To Read the Entire Report Please Click on the pdf File Below.