Market Guide – Housing market a major headwind for the SEK

New research from Danske Bank Markets Risks to 10Y yields have become more two sided. Scandi currencies take a knock in November. EUR/USD to trade within range for now but still higher in 2018. Market Guide – Housing market a major headwind for the SEK Yours faithfully Danske Bank It is not possible to reply…

Danske Daily – 22 November 2017

New research from Danske BankMarket movers today In the US, we will get the FOMC minutes from the October/November meeting and core capex orders for October. The last FOMC meeting revealed no new information and we do not expect much news from the minutes either – the Fed is on track to deliver another hike…

Danske Daily – 21 November 2017

New research from Danske BankMarket movers today It is a very light day in terms of data releases – hence market focus is likely to be on the evolving political standstill in forming a new government in Germany after SPD left the coalition talks over the weekend. In Hungary, the central bank decision is due…

Danske Daily – 20 November 2017

New research from Danske BankMarket movers today It is a fairly quiet week on the economic release front, with minutes from the latest Fed (Wednesday) and ECB meeting (Thursday) in focus together with the preliminary PMIs for the eurozone and US on Thursday and Friday, respectively. This also means that today, October exports in Japan…

Weekly Focus: Market correction but continued recovery

New research from Danske Bank Market Movers ahead Minutes from the October ECB meeting could well provide clues as to what will happen after September next year when the current QE programme is set to end. The minutes from the most recent FOMC meeting are less likely to be interesting. PMIs in the euro area…

Danske Daily – 17 November 2017

New research from Danske BankMarket movers today Today, we have a very light data calendar with no global market movers being released. ECB President Mario Draghi will be speaking again, followed by Bundesbank President Jens Weidmann later in the day. They are scheduled to deliver keynote addresses at the Frankfurt European Banking Congress and markets…

FX Forecast Update: Scandi meltdown will not endure the winter cold

New research from Danske Bank EUR/NOK . Over the past month we have seen some of the NOK weakness that we have been calling for materialise. Recently the move has been amplified by risk-off and concerns about the Swedish housing market spreading to the NOK. In the near term, we expect the NOK to track…

Yield Outlook – Risk to 10Y yields is now more two sided

New research from Danske Bank Market still priced too soft in US – flatter 2Y10Y curve in USD We still think markets are pricing in too few hikes in the US next year (only one additional hike on top of the widely expected December 2017 hike). If our baseline scenario is correct, it should push…

Danske Daily – 16 November 2017

New research from Danske BankMarket movers today In the euro area, the final October HICP inflation figures are due to be released, likely confirming that headline inflation fell back to 1.4%. Focus will be on what items caused the unexpected fall in service price inflation, bringing core inflation down to 0.9%. Judging from the country…

Danske Daily – 15 November 2017

New research from Danske BankMarket movers today Today’s key release will be the US CPI inflation figures for October. We expect inflation pressure to have remained muted, as CPI inflation is likely to have been negatively affected by the fall in energy prices in October. Hence, we project the headline CPI inflation rate to have…