Danske Markets

Our short USD/CAD recommendation from FX Top Trades 2013 was stopped out yesterday for a 2.16% loss fuelled by a widespread plunge in commodity prices. CAD has recently been hit hard by the return to...

The ECB is out of sync with the other central banks. The uptrend in EUR/USD will continue in the coming months, even though Mario Draghi managed to halt the strengthening of the euro at the press...

Opinion is that the market is discounting an initial repayment of the second 3Y LTRO close to EUR125bn. This will lower excess liquidity to EUR380bn given no change in autonomous factors.The current...

FOMC disagree on open-ended quantitative easingRisk sentiment declines: equities and commodities lower and US dollar higherFocus today will be February flash PMIs for France, Germany, euro area and...

The discussion on the Fed’s asset purchases continued in the January FOMC meeting minutes. There is no doubt that members disagree on the path for the programme going forward. In the December...

Summary and outlook The global economy continued improving for another month, with both global leading indicators and new global PMI manufacturing orders rising. The lift came from the US and Europe,...

Risk markets had another good day; positive sentiment continued overnight.Price action in bond markets more muted - investors await the FOMC minutes and Italian election.Focus today will be on the...

JPY strengthens as finance minister rules out foreign bond buying.European periphery spreads wider on tension ahead of Italian election.We expect the German ZEW and the US NAHB index to surprise on...

The latest IMM data covers the week from 4 February to 12 February . GBP shorts reach June 2012 levels: The Sterling has been the second worst performing G10 currency this year; only the yen has...

This morning, the Swedish FSA announced that a new discount curve will be introduced at the end of this year. It will be based on the Solvency II (S2) framework. The impact on the market will be...

This week, the scorecard recommends buying JPY, CAD, CHF and selling EUR, SEK, NOK.Last week's sell-off in JPY seems overdone according to the scorecard, and the model recommends a long JPY position....

G20 meeting ended without any direct criticism of Japan's expansionary policy.USD/JPY is back at 94 and the Nikkei index is up close to 2%.Today should be fairly quiet with only tier-2 data and the US...

Today at 16:00 CET our 6M 77.00-79.30-84.00 USD/JPY Seagull expired with a profit of 5.03% (spot ref. 93.39). All five strategies recommended in connection with FX Trends: The great policy response to...

Market Movers aheadThe housing market will be dominating the US calendar next week; new data will be coming in on housing starts, building permits, existing homes sales and the NAHB housing market...

In recent months some of the previous carry darlings such as the commodity currencies led by AUD, are falling out of favour as the euro continues its rise from the ashes. Among the majors, we see the...

ReviewThe global economic expansion is gaining strength. Major central banks are backing up the recovery by maintaining their dovish stances.Risk asset markets have performed strongly despite a...