Danske Markets

Market movers todayToday's ECB meeting will be interesting although a rate cut seems unlikely. Draghi could counter rising money market rates with a refinancing rate cut but the case seems less...

The krona took an undeserved hit following yesterday's GDP numbers - undeserved because in our view it will not alter the Riksbank policy stance. The second quarter was weak but not weak enough to...

Market movers todayAll eyes will be on this evening's FOMC statement. We do not expect any changes in policy but think that the Fed will stay on track to start tapering in September despite more...

After more than 20 years of decline, US oil production abruptly took off in 2008. The explanation? Technological advances are unlocking previously inaccessible shale energy resources. While the...

Market movers today There are no major market movers but plenty of tier-two data. Kick-off at 08:00 CET with German consumer confidence, which is expected to show a small uptick. Spanish GDP is...

The latest IMM data covers the week from 16 July to 23 July. The latest IMM data show that investors in the week that ended 23 July hold on to long USD positions despite the general dollar sell-off...

This week the scorecard recommends buying AUD, NZD, USD while selling JPY, GBP, CHF.Australian interest rates continue to underperform (lower rates) among G10 currencies. However, as all other input...

The calendar is thin today. The most interesting release is US pending home sales, which might show a minor decline following last month's 6.7% m/m surge, but this should not alter the perception of a...

Market movers today In terms of data releases we have a relatively thin calendar. ECB will announce the weekly repayment of the 3Y LTRO, which is likely to attract attention after excess liquidity has...

The Swedish fixed income market is currently governed almost completely by international interest rate movements and with important data, along with information from both the ECB and the Fed next...

We expect German IFO expectations to improve, adding to the recent positive sentiment in the euro area. Based on our model for IFO expectations we foresee a modest improvement which should not be as...

Euro area PMIs are expected to improve for a third consecutive month in July. A modest improvement in manufacturing PMI is suggested by last month's order-inventory balance while business expectations...

The main release will be the euro area consumer confidence, which is expected to show a small uptick. Consumer confidence bottomed in November 2012 and has since continuously shown monthly increases....

This week the scorecard recommends buying JPY, CHF, CAD while selling SEK, NOK, GBP.JPY was last week's worst performing currency among G10 and last week's sell-off seems overdone according to the...

With a very thin calendar focus will be on markets digesting the statement from the G20 meeting over the weekend (see below).US existing home sales are expected to continue to improve in June. In May...

The LDP-led coalition government as expected won a landslide victory in connection with the Upper House election and now has a clear majority in both Houses. The landslide victory largely reflects the...