Danske Markets

EUR/NOK. In light of the unexpected renewed collapse in the oil price we lift our EUR/NOK forecast across all tenors. We cannot rule out another rate cut from Norges Bank but importantly market...

Following the latest decline in the oil price we have revised our euro area inflation forecast down to 0.1% from 0.2% in 2015 and to 1.2% from 1.4% in 2016. Our updated forecast occurs as we have...

The latest IMM data covers the week from 5 August to 11 August 2015.USD longs were added again in the week to 11 August: this time round it was JPY and CHF in particular that saw large amounts of...

This week the scorecard recommends buying AUD, JPY and USD while selling SEK, NOK and CAD.Last week's signals resulted in a marginal positive gain. Especially the short EUR was expensive, but losses...

Market MoversIt is a very light calendar today with only the US empire manufacturing index and NAHB index worth watching. The August empire manufacturing index will give us a first indication of...

In Sweden we get household consumption (a broader measure than retail sales) on Tuesday and labour market data on Thursday. Neither are very market moving nowadays with all focus by the Riksbank on...

Market movers ahead It will be interesting to follow the actions and words of the People's Bank of China in coming days as there are still many unanswered questions on the new CNY policy. Is the US...

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 change our CNY forecast and now look for a further depreciation of around 5% on 6-12mThe effects of the CNY devaluation should not be exaggerated Deflationary impact from commodity prices is much...

Market MoversThe eurogroup meets at 15:00 CET today to discuss the third aid package for Greece. While the agreement is expected to be approved by the finance ministers it is not yet a done deal....

Many factors have contributed to the move lower in yields over the summer. The fall in commodity prices has pushed long-term inflation expectations lower and the concern about China has spurred...

The lower oil price and strong sterling have lowered the near-term inflation outlook and we now expect BoE to begin raising interest rates in February 2016.We expect the BoE to increase interest rates...

Market Movers Focus will continue to be on Chinese exchange rate policy and not least to what degree the People's Bank of China (PBoC) attempts to manage the exchange rate through intervention in the...

Crude-oil prices remain under pressure and now linger close to January lows. A perfect storm has hit the oil market but we emphasise three factors in particular which have delivered bearish surprises...

There is a lot of confusion about the reform of the Chinese currency system. In this short Q&A we aim to clarify what China has actually announced and what are the implications.What is clear is...

The move to a more free floating CNY (for details see FX Strategy: China's big bang: CNY devaluation and market implications , 11 August) has caused a close to 3% depreciation of the CNY against the...