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Bond flow around the April mortgage bond auction could be another source of downwards pressure on EUR/DKK FX forwards along with high net position. We reiterate our view that the EUR/DKK FX forward...
Market movers today Tonight at 20.00 CET, the House of Commons will vote on Prime Minister Theresa May's Brexit Plan B (and amendments). See Brexit Monitor: Pressure is mounting , 28 January. The...
Implied FX volatility continued lower last week pushed down by declining realised volatility.The risk environment remains fragile and sensitive to the US-China trade negotiations. Moreover, short-term...
Market movers today A quiet start to a very busy week. Euro money and credit data is the main data of interest today. M3 growth is expected to rise slightly from 3.7% to 3.8%. Later today, ECB...
On Tuesday at 20:00 CET the House of Commons is voting on PM Theresa May's statement on her Brexit plan B including amendments. The vote is not legally binding but it is set to shed light on what the...
ECB: risk down. How will the Riksbank respond? Relative flattening trend takes a break – curves could steepen in coming months. Current risk sentiment affects FX markets. Trades New, Steepen...
Market movers today After a hectic day yesterday, today is quieter in terms of data releases. This morning in the Scandi space we will get Norwegian industrial confidence in Q4 and Swedish retail...
Today, the ECB did not make any new decisions at its governing council meeting.It changed its growth risk assessment to the downside, along with our non-consensus call. The ECB did not take a decision...
Market movers today We have a more interesting day ahead of us after the quiet one yesterday. In Norway , we expect Norges Bank to stay on hold (10:00 CET). All in all, we think there is little...
Market movers today Today is a relatively quiet day ahead of the important day tomorrow, with the Norges Bank meeting, ECB meeting and preliminary PMIs. In Sweden, the 'small' prospera inflation...
Market movers today US markets are open again today after being closed yesterday due to Martin Luther King Jr. Day. In the UK, focus is on the amendments to Theresa May's Brexit Plan B and whether the...
Implied FX volatility declined substantially last week on the back of improved risk appetite. As such, the combination of a constructive risk environment and falling realised vol. could continue to...
We take profit on our short EUR/HUF position at 317.58. It has yielded a 1.63% return since we launched our top trades in December 2018. We see that upcoming tightening (both implicit and explicit)...
Market movers today The US market will be closed today due to it being Martin Luther King Day and there are few economic data releases. The main event this week will be the ECB, BoJ and Norges Bank...
Market movers aheadIn the US, the government shutdown keeps data releases at a minimum. Next week, the Markit PMIs are the most important releases.We expect no new policy signals at the ECB meeting on...
Weak data confirms slowdown - but markets are calm US-China high-level trade negotiations confirmed for 30-31 January Wall Street Journal story adds to signs that a trade deal is coming China...
We have updated our forecast for the net position for the rest of 2019. DKK is headed for uncharted territory as the net position could rise towards DKK260bn this year. Yesterday, Danmarks...