Danske Markets

Non-commercial FX positioning Non-commercial commodity positioning IMM overview table for FX and commodities Details Historical FX (1 of 6) Historical FX (2 of 6) Historical FX (3 of...

Market movers today A busy week is coming up where the main focus will be on the Fed meeting on Wednesday , where we look for the Fed to prepare markets for a July cut and a total of 75bp cuts in...

Market movers aheadWe expect the Fed to make a dovish policy shift at the upcoming meeting. June PMI figures on both sides of the Atlantic will give more clues on whether the cyclical downturn...

Riksbank rate cut? Comment on CPIF Debt Office 2Y covered bonds cheap against SGBs Inflation miss supporting the SEK - but one swallow does not make a summer TradesNew , Buy SWH189 (Dec...

Xi Jinping-Donald Trump meeting to be crucial for the next stage of the trade war. Weak US data likely to put pressure on Trump soon. China opens up for more infrastructure stimulus, data for May...

In the near-term a rocky road still lies ahead for the German economy with renewed headwinds to external demand, but over time we expect the growth pace to gather some speed reaching 1.6% in 2021.The...

Recession risk remains low despite a tougher external environment, which will remain a defining feature for the growth outlook in the coming years. Expansionary fiscal policies and rising wages should...

Market movers today In the US , we get a range of data releases to keep an eye on today in light of the increased uncertainty over the macro outlook, notably industrial production and retail sales for...

EUR/NOK . The NOK has suffered from foreign selling amid the escalating trade war, lower oil prices and falling global inflation expectations. The decoupling from relative rates has been very...

Our May CPIF estimate at 1.9% y/y is in line with consensus and 0.2% points below the Riksbank, see chart. The main risk, in our view, is related to charter prices and skewed to the downside. If it...

The Swiss National Bank (SNB) today effectively kept its policy measures unchanged amid a technical adjustment of its target interest rate. We see a real risk that the market will test the...

Current interest rate levels are not a temporary phenomenon. We do not expect a rate hike for several years, and even beyond that, increases are likely to be very modest.Since the financial crisis...

Market movers today Today the voting in the UK Conservative Party leadership contest begins, where the Conservative members of parliament starts the process to narrow down the number of candidates...

In Sweden, Prospera's inflation expectations survey is due out. We expect inflation expectations have fallen further, as actual inflation has come down, too. The Riksbank's Floden is also speaking...

Just as European sentiment indicators were showing signs of improvement, confidence took a hit from the renewed escalation of the US-China trade war and potential US-Mexico tariffs. With external...

For a while, the focus in discussions on the GBP has been the perceived probability of a no-deal Brexit (Chart 2). We argue this should be augmented by global sentiment on credit risk, the...