Danske Markets

The latest IMM data cover the week from April 16 to 23. Stable positioning. Overall trades remain unchanged; trading accounts are long USD and short JPY, CAD and GBP. AUD longs are scaled back. Net...

We think a rate cut is very likely on Thursday, and expect Mario Draghi to cut the refi rate to 0.50%. A deposit rate cut is very unlikely, in our view.The ECB might present an instrument targeting...

In Italy, a broad three-party coalition was sworn in on Sunday.Bank of Cyprus has converted 37.5% of deposits above EUR100,000 into equity.In Iceland, the two parties that governed when the crisis hit...

The deputy leader of Italy's centre-left Democratic Party, Enrico Letta, looks set to become the new premier in Italy. He will begin talks today to form a broad coalition with the centre-right People...

CNB Still Away From Any Action In FX MarketAt next week's monetary policy setting meeting, we do not expect the Czech central bank (CNB) to come up with anything new and, in our view, the chance of...

We look in more detail at this week's unemployment figures and at the contribution from full-time students.We discuss how European data has affected the Swedish short end.PMI figures next week: will...

Markets overnight At a meeting that ended early Friday morning, the Bank of Japan kept the pledge to double the monetary base in two years . Focus now turns to the revised macroeconomic forecast that...

Global macro data continue to disappoint - Korean GDP being today's exception.U.S. markets closed fla,t but with defensives down - Asian markets are higher.Enrico Letta appears set to become Italy's...

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...

Yesterday, our short CHF/NOK position was stopped out at 6.29 with a total loss of 1.78%.We utilise the recent EUR gain and take an early profit of 0.51% on our sold 3M 1.2400/1.2000 EUR/CHF put...

This week, the Debt Office will tap the 10Y SGBi3108, SEK1bn. BEI rates are down substantially over the last two weeks and offer, in our view, a very good opportunity to buy Swedish BEIs. The 10y BEI...

U.S. equity markets closed higher and Asian bourses are trading with gains.Economic data continue to point to a period of slower global growth.Big rally in European peripheral bonds yesterday -...

Lower-than-expected China PMI pushes Asian equity markets lower.U.S. equity markets closed with decent gains - S&P500 up 0.5%.Focus today is on European April PMIs.Markets overnight The flash...

We recommend selling GBP/SEK at 9.94 with a target of 9.50 and a stop at 10.25 slightly above the February-11 high of 10.1969. We have, for a long time, argued that the Swedish krona would continue to...

Increase in JPY shorts.CAD sentiment remains very bearish.EUR/USD shorts are scaled back.The latest IMM data cover the week from 8 to 16 April. Increase in JPY shorts. Speculative positioning was...

This week, the scorecard recommends buying SEK, NOK and EUR while selling AUD, USD and JPYLast week's sell-off in SEK seems overdone according to the scorecard and with the exception of interest...