Danske Markets

The credit market exhibited a fair amount of stability last week in absence of any major news. Overall the Itraxx Main remained unchanged and the Crossover tightened 4bp. A new record low for EUR/USD...

The Bank of Japan (BoJ) as we expected announced no new easing measures in connection with the monetary policy meeting held today. The target for expansion of the monetary base (currently the main...

Market Movers In Germany we expect ZEW-expectations to have improved to 56.5 in March from 53.0 in February and there even could be some upside risk to our forecast. German data have been very strong...

EUR/NOK: In the near term, we expect the drop in the oil price together with a Norges Bank cut and dovish stance to send the cross temporarily higher above our new 1M forecast of 8.75 (previously...

We expect Norges Bank (NB) to deliver a 25bp rate cut on Thursday. NB is se to keep the easing bias by presenting a new rate path with a 50% implied probability of another rate cut before June. We do...

Review The initial reaction in the European fixed income market to the ECB QE launch has been significant. The long end has led the move and we have seen an aggressive curve flattening with 30Y...

This week the G10 FX Financial Scorecard recommends buying SEK, NOK and CAD, while selling GBP, CHF and NZD. Last week's signals resulted in a 2.6% loss. This was the fourth week in 2015 when the...

Finland is preparing for parliamentary elections on 19 April. The election is of high significance, because the new government will inherit a weak economy, growing debt and a need to implement several...

The latest IMM data covers the week from 3 to 10 March 2015 . IMM positioning data released Friday revealed that while investors added to their speculative bearish EUR positions in absolute terms,...

Market movers today With no major economic data in the calendar in Europe focus will be on ECB's publication of last week's QE purchases at 15:45 CET. ECB president Mario Draghi is scheduled to...

Swedish interest rates have trailed the moves in global rates (mainly European ones) over the last few weeks, and we now argue that it is time to go long. We like to receive SEK 5y5y against EUR or...

We expect the key phrase that the FOMC can be patient in beginning to normalize the stance of monetary policy to be omitted from the statement released on Wednesday evening. This will mark the final...

Market movers ahead The main event is the FOMC meeting. We expect the key sentence that the FOMC can be patient in beginning to normalize the stance of monetary policy to be omitted from the...

EUR/USD area tailwinds keep building - more upside risk to growth. US and Chinese data disappoint. Euro stocks in historic outperformance - more to come. New lows in euro yields - it's all about...

The latest stream of soft data from the US prompts us to revise down our GDP growth forecast for Q1 to 1.7% q/q AR from 2.7% previously. For the year as a whole, we now expect GDP growth of 2.8%, down...

Market Movers With the Fed trying to balance its dual mandate on inflation and employment this year, markets have increasingly focused on inflation data recently. The US PPI data released today...