Danske Daily – 22 September 2017

New research from Danske BankMarket movers today Markets will keep a close eye on Theresa May’s speech on Brexit in Florence this afternoon, where she will outline the details of the UK’s negotiating stance after the UK formally leaves the EU at the end of March 2019. Yesterday, parts of May’s speech was already leaked…

Danske Daily – 21 September 2017

New research from Danske BankMarket movers today Markets will continue to digest the FOMC meeting yesterday, see our take here in FOMC review: Unchanged hiking signals as QT is set to begin next month , 20 September 2017. In the Scandi markets, today’s key event is the Norges Bank meeting, where we share the consensus…

Danske Daily – 20 September 2017

New research from Danske BankMarket movers today The key event today will be the FOMC meeting, with the announcement at 20:00 CET, and Janet Yellen’s press conference at 20:30 CET. We expect no change to the fed funds target range, but instead expect the Fed to announce it will begin reducing its balance sheet (‘quantitative…

Danske Daily – 19 September 2017

New research from Danske BankMarket movers today Today, German ZEW expectations. In August, the figure dropped to 10.0, due to weaker exports and the growing scandal in Germany’s automobile sector. Together with the appreciating euro’s pressure on exports, this could cause economic sentiment to deteriorate. However, both business expectations (Ifo) and German PMIs increased in…

FX Forecast Update: A tale of three central-bank camps

New research from Danske Bank Please see our FX Forecast Update which we published on Friday. EUR/NOK . During the summer we argued that the downside potential for EUR/NOK was increasingly limited on the back of positioning and the oil price reaching the high end of its trading range. In addition, over the last months…

Danske Daily – 18 September 2017

New research from Danske BankMarket movers today Today we have a very light data calendar with the final euro area inflation prints for August due out, although we do not estimate any significant changes. Later in the week the focus will be on the FOMC meeting on Wednesday, where we expect the Fed to announce…

Weekly Focus: A tale of three central-bank camps [AMENDED]

New research from Danske Bank Market Movers ahead We look for the FOMC to announce ‘quantitative tightening’ and signal one more rate hike this year when it meets on Wednesday. We expect EUR manufacturing PMI to show a slight drop from the current strong level as the stronger euro is likely to weigh a bit…

Weekly Focus: Riksbank may be next to join ‘exit camp’

New research from Danske Bank Market Movers ahead We look for the FOMC to announce ‘quantitative tightening’ and signal one more rate hike this year when it meets on Wednesday. We expect EUR manufacturing PMI to show a slight drop from the current strong level as the stronger euro is likely to weigh a bit…

FX Forecast Update: A tale of three central-bank camps

New research from Danske Bank EUR/NOK . During the summer we argued that the downside potential for EUR/NOK was increasingly limited on the back of positioning and the oil price reaching the high end of its trading range. In addition, over the last months two factors have now also made relative rates a less likely…

Yield Outlook – Central banks gradually turning more hawkish

New research from Danske Bank The global economy seems to be in good condition, in our view. Global confidence indicators such as PMI indices are running at high levels and cyclical metal prices have increased after the summer holidays. True, inflationary pressures are low – but the fear of deflation has gone. The ECB has…