Danske Markets

As expected, the ECB's changed its forward guidance so it no longer entails the QE flexibility. President Mario Draghi struck a softish tone in the press conference, in particular as victory on...

Market movers today The key event today will be the ECB meeting , see preview . We do not expect any changes to the policy rates and find it unlikely that the ECB will outline a decision on...

Market movers today Focus remains on US trade policy and Italian politics while the market awaits the ECB meeting tomorrow and the US employment report on Friday . Today, US ADP employment for...

In this piece, we try to dive into US trade policy from different angles, what it means for the economy and what to expect from here.We do not expect the recent developments to evolve into a...

In terms of data there are no global market movers in today's session and markets will continue to focus on Trump's protectionist measures and possible counter-measures from countries hurt by the...

As expected, the QE figures for February showed PSPP share remained around 70% of the new purchase rate of EUR30bn . This is in line with expectations of the new purchase rate as of January this year....

The latest IMM data covers the week from 20 February to 27 February 2018To read the entire report Please click on the pdf File Below:

Market movers today Focus today will be on the results of the Italian election and news around the US tariffs on steel and aluminium and retaliation. On the data front, look out for the US ISM...

The result of the Italian parliamentary election appears to be a hung parliament, as earlier polls pointed to already. Anti-establishment parties such as the Five Star Movement and Northern League...

Market movers ahead In the US , the most important release is the jobs report for February, with most focus on average hourly earnings (AHE), where another strong monthly print would be likely to add...

Today's key points Inflation has been a key market driver this year. The balance of risks to our inflation forecasts is on the upside given the US fiscal stimulus and closing global output...

Today, we have published the fifth and last document in our series on inflation and what it means for financial markets. In this document, we look at the FX implications of the inflation and fixed...

We have reached our EUR/SEK Q1 target at 10.00Pricing on the RB still too aggressive, growth expectations too optimistic While staying bearish on SEK we raise 3M forecast to 10.20 and 12M to 10.00...

Major bond index changes spur extensions and reallocationsBond portfolio duration extensions create opportunities at the short end EUR/SEK reached our Q1 10.00 target - we stay negative on the SEK To...

The more and more complicated task of adjusting monetary policy communication without triggering a sell-off will be on display at next week's ECB meeting.We expect the ECB to strike a compromise...

We discuss the channels through which US inflation outperformance affects the FX market, concluding on a case for continued USD weakness.Our 'inflation-divergence-corrected' EUR/USD estimate is 1.30 -...