Danske Markets

The latest IMM data covers the week from 16 May to 23 May 2017To read the entire report Please click on the pdf File Below

Market movers today The main event today is the G7 meeting in Italy as well as the impact on inflation from the continued decline in the oil prices after the OPEC meeting. There are only have a few...

We review the OPEC meeting today.OPEC has decided to extend supply cuts until March 2018. That left the market disappointed leading to the biggest daily plunge in oil prices since the start of...

We review the outlook for NOK after the OPEC meeting today.Oil prices plunged 5% after OPEC announced 9M extension of supply cuts pushing EUR/NOK up to 9.42 NOK focus now turns to tug of war between...

FX Quant Strategy provides a quantitative overview of the currency market, including several valuation tools and monitors, focusing on the FX options market.This week we recommend one FX option trade:...

On the rate hike outlook, 'most participants' (both covering voting and non-voting FOMC members) think a rate hike will be appropriate 'soon'.However, the Fed admits it is in a difficult position due...

Sentiment towards EUR/USD has changed. The recent surge has been driven by political risks reversing and by euro-area growth and equity outperformance. Valuation still suggests upside potential in...

Moody's downgrade of China to A1 puts the focus back on China's financial risks stemming from high debt levels and the rapid growth of shadow banking in recent years. We expect focus on China's...

Given the relatively low level of implied volatility in the FX market, we think it is time to consider buying longer-dated FX options either as an FX volatility position or as a proxy hedge as part of...

Yesterday, the Trump administration released the long-waited budget for the fiscal year 2018 and the administration's prioritises for the next 10 years. The Trump administration expects to eliminate...

Speeches by ECB President Mario Draghi and ECB Chief Economist Peter Praet will be interesting following the strong euro PMI data yesterday. Mario Draghi tends to put a lot of focus on PMI and the...

Political risks in Europe ease after Macron win.US politics cause concern. UK election has important implications for Brexit negotiations. Yields set to range trade in 2017 and to increase in 2018. To...

Market movers today In the euro area, focus will be on the PMI figures and whether they can continue upwards, in contrast to the weakness in manufacturing PMIs observed in the US and China in recent...

The latest IMM data covers the week from 9 May to 16 May 2017To read the entire report Please click on the pdf File Below

It is a very quiet start to the week with no important data today. Two Fed speakers are due to speak. Harker (voter, hawkish) and Kashkari (voter, dovish) may give more insight into the scope for a...

Market movers ahead In the US, the FOMC minutes from the May meeting may give more insight into what the members think about the timing of the next Fed hike and quantitative tightening. The week...