Danske Markets

We expect the Fed to replace the expiring Twist programme with outright Treasury purchases, thereby adding another monetary boost to the economy from January.It is too early for the Fed to announce a...

Risk appetite higher as worries over Italy easeThe tone eases a bit in the fiscal cliff negotiationsGreece conclude bond buy-back paving way for aid paymentAt today's Fed meeting we expect a rise in...

This week, the scorecard recommends buying GBP, EUR, JPY while selling AUD, NOK, SEK.All indicators with the exception of FX performance this week favour a long GBP position. Last week's decline in...

We expect the bumpy road to continue in the short-term as a tug of war between improved fundamentals and short-term headwinds continue. Looking further into next year, we see good reasons why the...

On balance, the November data released so far suggests that the recovery in China remains on track supported by improving domestic demand. We maintain our forecast that GDP growth is set to accelerate...

Friday's strong US payrolls lift sentiment and USD.Strong Chinese November data but weak exports weigh.Speculation on ECB rate cuts continues.Focus today on who will succeed Monti as Italy's prime...

Market Movers AheadWe expect Fed to replace the current Operation Twist programme with outright Treasury purchases at the FOMC meeting next week.The deadline for a deal on the US fiscal cliff is...

A deflationary "November surprise?"To Read the Entire Report Please Click on the pdf File Below.

An overall solid employment report with maintained positive momentum in job growth in the private sector and an uptick in hourly earnings. Downward revisions amounted to 49,000 but were all in the...

Two trades closed: (i) long AUD/NZD was stopped out for a 1% loss overnight as NZD jumped on the RBNZ statement and (ii) we book an early 1.4% profit on our long NOK, SEK vs GBP spot trade from 15...

ECB softer than expected and the likelihood of a rate cut has increased.President Obama rules out raising debt ceiling without Congress approval.Markets in wait-and-see mode ahead of today's important...

The ECB president, Mario Draghi, surprised by announcing that a rate cut was discussed at this month's ECB meeting. The Governing Council had a wide discussion on rates but the council decided to keep...

We are bullish on RUB, PLN and -- believe it or not -- HUF This week we published our FX Top Trades 2013 . Among the top trades is a number of recommendations on EMEA currencies. Our overall view is...

Signs that the US is moving closer to a deal on avoiding the fiscal cliff.Standard & Poor's cut its rating of Greece to selective default but might soon return its rating to junk.New Zealand's...

For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2012, our FX top trades delivered an average return of 3.1%, with a hit ratio of 80% each year. As in...

We expect the Bank of England to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting. We think the BoE will stay in wait-and-see mode in the near future. As consensus is almost...