Danske Markets

Market Movers aheadMain events next week will be US non-farm payrolls and the ISM reports.In Europe focus will be on final PMIs and Spanish Q3 GDP. The timing of a Spanish aid request and the...

We expect Norges Bank to purchase FX corresponding to NOK550m per day in November. As the market seems to expect a higher figure, this should support the NOK.Last year, the daily purchase increased...

We expect there to be pressure on the Bank of Japan (BoJ) to deliver additional stimulus in connection with its monetary meeting next week, where we expect the BoJ to revise both its inflation and...

It is probably too early to call but we genuinely believe the Irish housing market may have turned around after bottoming in June.In August, residential property prices in Ireland increased 0.9% m/m....

Markets Overnight BNP Paribas had its rating cut one notch from ‘AA minus’ to ‘A plus’ by Standard and Poor's that also put 10 other French banks, including Societe Generale...

• The Riksbank distances itself more clearly from the inflation target – now conditioning the repo rate path on developments in household indebtedness.• Nevertheless, the labour market...

A number of monetary policy setting meetings are due in the EMEA region next week. Probably one of the most interesting is in the Czech Republic, where we expect the Czech central bank (CNB) to cut...

Looking at the signals from our short-term financial models, there are no significant misalignments this week and we do not see any stretched levels according to the technical indicators. Implied...

Weak data and early signs of policy fatigueThe data releases out of Europe have been rather disappointing. While consensus was expecting improvements in PMI and Ifo data, they only signal...

FOMC statement contained few changes and caused limited market reaction.We have a interesting day ahead of us with focus on the Riksbank meeting, UK Q3 GDP, euro area M3 growth and US durable...

As expected, there were virtually no changes to the forward-looking parts of the October FOMC statement or to the parts describing monetary policy. The Fed will continue to purchase USD 40bn in...

…..If you have not already. Three weeks ago gold and silver broke out of patterns higher as measured in euros as was detailed in Gold and Silver are Breaking Out….. In US dollar terms...

Last week’s review of the macro market indicators saw, heading into the first week of Autumn the market remained strong but with a few caution flags showing up. Gold (GLD) looked to continue...

Pundits and Television talking heads are starting to talk about China as a value play for investments. In a previous article, I noted that relative to the S&P 500 (SPY), the Shanghai Composite...

A few weeks back on August 29th I took a look at Croc’s (CROX) and it still looks good and is in another bull flag. The last three candlesticks have been dojis and Tuesday’s a bearish...

Key newsUS stocks closed unchanged – Asian markets are slightly lowerThe Shanghai composite remains near a three-year low as China is yet to recoverMixed signals from FOMC members ahead of...