Danske Markets

Bank of Japan (BoJ) as expected did not announce any new stimulus in connection with today's monetary meeting after it raised its purchases in both September and October.The non-action from BoJ at...

This week, the scorecard recommends buying NOK, JPY, SEK while selling NZD,GBP,CHF.This week's long recommendation for JPY mainly derives from the yen's steep decline last week, i.e. a mean-reversion...

US fiscal cliff perceived as dollar-positive tail-risk.EUR shorts are being built again.AUD and NZD are bought, not sold. The latest IMM data cover the week from 6 to 13 November. US fiscal cliff...

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 recommend buying SWH186 versus SGB1041. Very muted supply of five-year covered bonds and too much rate cut priced near term support the trade. In addition, this flattener offers a very good carry,...

Risk appetite improved yesterday on the back of strong US housing data and optimism that the fiscal cliff can be avoided.Moody's downgrades France from triple A rating.Bank of Japan took a breather at...

After it expanded its asset purchase programme in both September and October, we do not expect Bank of Japan (BoJ) to announce new substantial easing measures in connection with this week's monetary...

Belgium is a small open economy located between Germany and France. Exports represent more than two-thirds of GDP. Belgium exports mostly to other countries within the EU but the share of exports to...

The conflict between Israel and Hamas escalated Sunday.Danish refinance auctions kick off today.Markets Overnight Friday’s meeting between President Obama and Congressional leaders upped hopes...

With the expiry of terms of Bank of Japan (BOJ) governor Shirakawa and his two deputy governors next year, a new LDP-led government will have ample room to influence the policy direction of BoJ next...

We recommend to buy AUD/NZD spot at 1.2733 with a 1.3000 target and 1.2600 stop to position for continued divergence between Australia and New Zealand - this provides an approximate carry of 0.7% p.a....

Today at 16:00 CET our 3M EUR/USD 1.2450/1.2700 1:2 ratio call spread expired with a profit of 1.39% (spot ref.: 1.2779).We also closed the long EUR/USD spot position added on 14 September at 1.3034...

We see the PPM money as a short-term tailwind for EUR/SEK, "buy the rumour, sell the fact." We also expect the Riksbank to cut 25bp in December, which could weigh a little further on the SEK, even...

Market movers ahead Negotiations on the US fiscal cliff continue.Euro Flash PMI and German IFO expected to show small improvement.We look for a further rise in Chinese HSBC Flash PMI.The Bank of Japan...

This month we would like to highlight our one-month forecasts that can be found on pages 28-31. In general we expect the current weak risk picture tocontinue throughout December. The combination of...

Sell-Off In Rand Prevents SARB From EasingLooking at the South African economy, where the economic slowdown is gaining momentum and clearly warrants further monetary easing, the ongoing sharp sell-off...