Danske Markets

EUR/NOK. We maintain our near-term cautious view on the NOK as the global business cycle and commodities outlook does not favour the NOK even if Norges Bank is likely to turn 'cautiously hawkish' in...

The Fed strikes a hawkish tone, hiking rates and setting out its balance sheet reduction......rating the tightening labour markets as more important than recent weak inflation prints. Further...

A calendar of key events in the Commodities Market for the next week.To read the entire report Please click on the pdf File Below

Today is a very quiet day in terms of data releases. We get the rate decision from the Central Bank of Russia, where we expect a cut to 9.00% from 9.25%.In the US, we get the preliminary consumer...

Against expectations, the Bank of England (BoE) made another hawkish surprise, as three members voted for an immediate hike and it removed its neutral stance by no longer saying that it can 'move in...

Strong Swedish fixed income market - time to alter positions.EUR/SEK - no incentive for Swedes to holiday abroad. To read the entire report Please click on the pdf File Below

Denmark: as good as it gets The recovery has gained momentum, but is not likely to accelerate furtherSweden: was that it? Growth is stabilising at a lower level, but is also becoming better...

Market movers today Please note that today at 09:00 CET we publish the Nordic Outlook, which is our quarterly publication that presents our view on the economic outlook for the Nordic countries. The...

We were obviously wrong about our non-consensus call that the Fed would skip hiking at this meeting. However, we are surprised that the Fed is not more worried about low inflation. We still fear the...

We take profit on our short 12M EUR/CZK forward outright position from our FX Top Trades 2017 and book a profit of 2.33%.We still see potential for the cross to edge lower in the medium term but...

Today's most important event is the FOMC meeting, which is one of the big meetings with updated projections and a press conference. Very much against consensus, we expect the Fed to stay on hold, as a...

Norges Bank just published the Q2 Regional Network Survey, which is its preferred gauge of economic activity. The aggregated output index (next 6 months) rose from 1.02 to 1.29 (Danske: 1.2, no...

Market movers today We have some quite important data releases in Scandinavia. In Norway, Norges Bank will publish the Q2 Regional survey (its preferred gauge of economic activity), which should paint...

Theresa May's meeting with the 1922 committee went very well and it seems she will stay as PM at least until the UK formally exits the EU by the end of March 2019.The reason is that the party does not...

Recent dip in EUR/DKK to 7.4350-60 is at odds with the stabilisation in the political situation in France and should only be temporary.We forecast EUR/DKK will trade around 7.4400 on 1-12M. We...

We stick to our view that the Fed will skip hiking at the upcoming meeting and instead announce the triggers for quantitative tightening (QT), as a data-dependent Fed should wait at least one meeting...