Danske Markets

Market Movers Focus continues to be on Greece. Last night the Greek parliament passed the reform legislation needed to pave the way for the EU bailout with a vote of 229 yes and 64 no, see Reuters ....

In the July semi-annual Monetary Policy Report to Congress, Chair Janet Yellen reiterated the message from her speech on Friday that a first fed funds rate hike this year is likely to be appropriate...

EUR/NOK. The NOK has in the past month suffered from a lower oil price, a surprisingly dovish Norges Bank and poor NOK liquidity. As a result we raised our forecast profile last week and now forecast...

The Chinese data released this morning was better than expected across the board and there were signs of stabilisation. Most importantly, the data released for June was stronger than expected across...

Market Movers The Greek parliament is going to vote tonight on the reform legislation necessary for the third bailout from the EU. The vote is scheduled for around 10pm. Prime minister Alexis Tsipras...

The UK labour market statistics released today show that wage growth accelerated a bit further in May. Average weekly earnings excluding bonuses (three-month average) increased to 2.8% y/y in May from...

With Greece and China moving in the background, the Fed is likely to return its focus to domestic data. We believe this will prompt a first rate hike in September.We continue to expect solid US data...

Iran and the P5+1 today agreed on a nuclear deal, which when implemented will lead to a removal of sanctions on Iran's oil exports.The past two weeks' 10% slide below USD58/bl for Brent means the...

Greek situation - questions about ECB lifting ELA cap and the possibility of reintroducing the waiverFlexibility in ECB programmes - limited pre-summer frontloading: the ECB can use 'broad...

In line with consensus, the UK inflation rate declined back to 0.0% in June, down from 0.1% in May. Core inflation declined to 0.8% in June down from 0.9% in May.The largest downward contribution came...

EUR/USD should fall near term on Greece, Fed and FX hedging flowsThe disagreement between eurozone countries on Greece is a EUR negative In our FX Trading Portfolio we are short EUR/USD, target...

Market Movers Progress in Greece towards passing the legislation needed to start the formal ESM negotiations through the Greek parliament - deadline is Wednesday midnight. US retail sales for June...

This morning the negotiations between Greece and its creditors finally concluded with a conditional deal including a new set of actions to be taken by the Greek side to get agreement on a new ESM...

Chinese equities are not overall in bubble territory but valuations remain stretched and there is possibly a bubble in small cap. However, the current boom-bust is less severe than the one China...

The latest IMM data covers the week from 30 June to 7 July 2015. IMM positioning data released Friday showed how speculative positioning in the EUR has remained remarkably stable amid the prolonged...

This week the scorecard recommends buying NOK, AUD and JPY while selling NZD, EUR and GBP.All input factors currently suggest selling NZD while the short EUR recommendation derives from last week's...