Market overview
- Significant rate fall in Europe - German 10Y yield drops below 1%
- The eurozone stalled in Q2 14 but seems to have returned to growth in Q3
Theme: Ukraine crisis and the Nordics
- We discuss the economic and financial implications of the Ukraine crisis for the Nordic economies
- European long yields set to edge up slightly
- On the EUR curve, we recommend hedging only maturities of more than eight years
- We expect the NOK and SEK to continue to strengthen
- We recommend hedging NOK- and SEK-denominated income through option strategies
- Companies with NOK- and SEK-denominated expenses should hedge via FX forwards
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.