Danske Markets

Market movers today: After failing to reach an agreement last Friday EU-finance ministers will meet again today in Brussels in another attempt to agree on a resolution mechanism for failing banks as...

Sell EUR 6M 5Y payer swaption, Strike ATM fwd (1.53%), Spot ref. 1.32%. Receive a premium of 119 ticks. Break-even at expiry is 1.78% or below.Take advantage of the positive roll down and high...

A quantitative run-through of the Swedish Fixed Income market, starting with the Riksbank and Money Markets before moving on to government and mortgage bonds.To Read the Entire Report Please Click on...

We take a 1.5% loss on our bearish 3M GBP/CAD call spread which expired on 24 June 2013.In FX Trends: GBP and JPY to be left behind with the worst policy mix (22 March 2013), we recommended going...

The recent increase in sovereign spreads in the periphery does not reflect a deterioration in fundamentals. The economic outlook for euro area periphery countries has actually showed some sign of...

Market movers todayThe most important release today is the U.S. durable goods orders. We expect a relatively weak report. The volatile headline might increase, but durable goods orders excluding...

The latest IMM data .The IMM data, which covers the week from June 11 to 18 show that investors had turned net long EUR/USD by last Tuesday at the same time as the pair peaked around 1.34. This is...

This week, the scorecard recommends buying SEK, CHF and NOK while selling CAD, USD and AUDThis week the Scandi will outperform against the dollar bloc according to the scorecard. For the SEK, most...

Market movers todayGerman IFO expectations are projected to decline in line with the decrease seen in the German manufacturing PMI in June. The current IFO assessment is also likely to decline...

Close position to receive 1Y EUR swap rate, 2Y forward @ 1.21%. The first clip was opened at 0.925%, the second clip at 1.05%. Average entry is 0.99%. The position is closed with an average loss of...

A look at our EMEA FX Scorecard It's not too optimistic When we are updating our FX forecasts for the EMEA currencies, we utilise our EMEA FX Scorecard to get an overview of the short-term drivers in...

Today's flash PMIs signal that the euro area is slowly returning to growth. Euro area manufacturing PMI increased to 49.5 from 48.3 and service to 48.6 from 47.2. Although still below 50, the...

The flash estimate for the HSBC manufacturing PMI in June dropped to 48.3 from a final reading of 49.2 in May. The details remained weak with new orders declining to 47.1 from 48.7 and export orders...

Overall the message from Ben Bernanke was consistent with his earlier comments that QE tapering could start within the next few meetings but was interpreted as more hawkish than expected by markets. ...

The violent sell-off seen over the past few days in risk markets has not left commodities untouched. Notwithstanding a small rebound Friday morning, energy and metals have been shed on a large scale...

The Eurogroup took an important step towards breaking the vicious link between sovereigns and banks on Thursday, when it agreed on ESM direct bank recapitalisation.We see ESM direct bank...