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Danske recommends to sell EUR/USD.

Danske analysts suggested to sell EUR/USD as they believe that the rate will drop in near term, driven by these three facts: “(1) positioning is now much cleaner than earlier in the year, (2) we believe that the market is too negative about the US economy, (3) we believe that Brexit risks will weigh on […]

1.10-1.14 range on EUR/USD from Danske Bank.

“With the Fed set to deliver merely a September hike this year, in our view, the case for USD upside from Fed repricing near term looks increasingly weak. At the same time, the ECB has now given up the fight for further euro depreciation” said in the report from Danske. According to the analysts the […]

Russian Ruble analysis from Danske Bank.

Danske Bank Analysts provided an outlook on Russian Ruble, stating that the RUB is the best choice among oil producers as the oil prices increase. “Yet Russia’s currency has moved closer to its equilibrium levels as its strengthening has been subdued. Thus, the current levels in RUB are much more comfortable for the state budget […]

Danske Bank – 3 rate hikes in US this year and 4 in 2017

New research from Danske Bank Markets: The minutes of the 15-16 December FOMC meeting, where the Fed delivered its first hike since June 2006, were more dovish than the statement and Janet Yellen’s tone at the press conference. The minutes reveal that, although the hike was unanimous, it was a ‘close call’ for ‘some’ FOMC […]