Danske Markets

This week, the scorecard recommends buying NOK, EUR - SEK while selling USD, NZD, JPY. The long basket this week consists of the Scandis but for separate reasons: NOK is preferred mainly due to its...

ECB meeting and LTRO repayment.Investors are adding to short dollar positions.Short JPY positions are scaled back.The latest IMM data covesr the week from January 8 to 15. · ECB meeting and...

Republicans ready to extend the federal debt limit by three months.Slightly stronger JPY as Bank of Japan starts its two-day meeting where aggressive measures to weaken the yen further are...

This week's Bank of Japan (BoJ) meeting is arguably one of the most important ever. There is some defeatism in BoJ's deflation fighting under governor Masaaki Shirakawa's leadership,and BoJ is...

Market movers aheadIn Europe, attention will be on the ifo and PMI numbers, which are expected to improve. The Eurogroup and Ecofin focus is on the bank union proposals.The US Markit manufacturing PMI...

SARB stays On Hold On Increased Inflation RiskEven though there is always some uncertainty regarding the outcome of rate decisions in South Africa, this time we are somewhat more confident that the...

China's GDP growth in Q4 12 accelerated to 7.9% y/y from 7.4% y/y in Q3, confirming that the Chinese economy has bottomed out and started a moderate recovery. While the recovery is primarily driven by...

In recent days, fears that the possibility of paying back LTRO funds on a weekly basis starting from 30 January could lead to a tighter liquidity situation have pushed up EUR money market rates...

Chinese GDP growth accelerates for the first time in two years in Q4 12, boding well for growth in 2013.Strong U.S. housing data support U.S. sentiment.Economic adviser to Japanese PM says that...

Close the position to receive 3Y1Y versus paying 2Y1Y in EUR swaps. The position is closed with a profit of 10.5bp.1Y forward curve flatter following the front end sell-off Following the ECB meeting,...

Stock markets slightly lower despite Q4 earnings reports beating expectations.In its Beige Book Fed sees only modest expansion in the U.S., driven mainly by improvement in the housing market.Focus...

We have decided to close our short GBP/NOK recommendation. We close the trade at 8.9620 (initiated at 9.0400), with a 1.0% profit including a carry gain of 0.13%. We still like the trade from a...

According to Juncker, the euro exchange rate is dangerously high.EUR has weakened overnight and JPY has continued to strengthen on the back of yesterday's comments from Japan's Minister of...

ReviewThe appetite for risky assets has increased further going into 2013, underpinned by the ongoing improvement in macro data and major central banks maintaining their commitment to support the...

We stick to our view that among the major currencies, the euro will be the top pick in the currency market in H1 13. The combination of i) fewer tail risks attached to the single currency, ii) the ECB...

The UK has experienced very downbeat economic activity over the past two years and is still bordering on possible negative growth. We expect growth to return to positive in Q1 as a moderate recovery...