http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-02-10.htmlMarket Movers ahead  We are still waiting for a solution to the Greek debt woes, with the Greek parliament due to vote on key elements of the additional austerity measures – possibly as soon as Sunday. In the US, retail sales could surprise the markets on the upside and CPI numbers are set to increase at a modest pace. Eurozone Q4 data should confirm our outlook for a sharp drop in production in the final quarter of last year. China’s vice president will start his official visit to the USFri, 10 Feb 2012 14:50:33 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-02-10.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-02-03.htmlMarket Movers ahead Following a week of improved economic indicators, we are headed for a light data calendar, with consumer confidence the most interesting data in the US in the coming week. However, we expect a Greek PSI deal to be struck very soon, so we might know more about the losses that investors will suffer on their holdings of Greek debt as early as Monday. The ECB will probably take some comfort from the slightly brighter economic outlook but leave rates as they are. We expectFri, 03 Feb 2012 15:36:16 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-02-03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-27.htmlMarket Movers ahead In the euro area all eyes will be on the EU-summit on Monday, where the main focus is expected to be the fiscal pact and Greece. However, without a conclusion on the PSI negotiations, it will be difficult to make progress with Greece. In the US we expect the rise in non-farm payrolls to have eased slightly (135K in January from 200K) partly due to seasonal factors. ISM manufacturing is expected to continue to edge higher in January. In Japan data are expected to confirmFri, 27 Jan 2012 14:36:03 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-27.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-20.htmlMarket Movers ahead A preliminary Greek PSI deal is expected to be ready ahead of the Eurogroup meeting on Monday. It is not clear whether Collective Action Clauses will be written into Greek law. US and UK Q4 GDP figures will show a mixed picture. We anticipate 3% q/q annualised growth in the US while GDP is expected to be broadly unchanged in the UK. The FOMC meeting on Wednesday will be the first time the Fed presents its expected rate path. We expect a first hike to be scheduled for H2 13.Fri, 20 Jan 2012 14:19:00 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-20.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-13.htmlMarket movers ahead Chinese Q4 GDP figures due for release on Tuesday are expected to show an easing in GDP growth to 8.1% y/y. The Empire index and the Philadelphia Fed Survey are likely to show further improvement in the US economy The Troika is expected to return to Greece next week to follow the PSI negotiations and to continue preparing the second bailout package for Greece. Merkel and Sarkozy are set to meet with Monti in Italy at the end of next week to continue their discussion aheadFri, 13 Jan 2012 16:07:57 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-13.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-06.htmlMarket movers ahead • The ECB is widely expected to keep rates unchanged at its Governing Council meeting on Thursday. We expect a moderate market impact from the meeting. We don’t believe that the Bank of England will raise the ceiling for asset purchases, as this would indicate quantitative easing faster, which isn’t necessary with the recent stream of sound data fresh in the memory. In the US the main mover next week is expected to be retail sales. We look for continued decent growth inFri, 06 Jan 2012 15:23:20 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2012-01-06.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-23.htmlMarket movers ahead Despite two week’s having passed since the EU Summit we are still waiting for the final verdict on France and the European Financial Stability Facility from S&P. On Wednesday 29 December, Italy will have auctions in the 3- and 10-year segment. We expect a combined amount in the range EUR3-5bn. Euro area headline inflation is set to embark on a declining trend, which combined with negative growth would pave the way for another 25bp cut from the ECB. We expect the ISM toFri, 23 Dec 2011 17:03:17 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-16.htmlMarket movers ahead The two main events in the euro area are the ECB’s 36 months LTRO and the expected rating agencies’ verdict on the countries in the euro area. In the US, the main event is likely to be negotiations on extending the payroll tax cuts and extended unemployment period. We are looking for a last-minute deal. In Asia, the calendar is relatively light next week, with the focus on the Bank of Japan’s monetary meeting. We do not expect additional quantitative easing (QE). In Sweden,Fri, 16 Dec 2011 16:18:31 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-16.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-09.htmlMarket movers ahead We expect the euro debt crisis to continue to be in focus. We fear markets are not satisfied with the outcome of the Summit and the ECB’s reluctance to step up purchases. We also await the verdict from S&P, which put 15 euro countries on negative credit watch last week. In the US, focus turns to the Fed meeting and retail sales. China holds its annual Central Economic Work Conference, which may provide hints on how forcefully China will act to lift growth rates. JapanFri, 09 Dec 2011 15:48:56 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-02.htmlMarket movers ahead We expect the ECB to cut the refi rate by 25 basis points to 1.00% at its meeting on Thursday. We also expect it to launch a 24-month LTRO. The Nationalbank in Denmark is expected to follow suit, but the strong Danish krone may trigger a sharper cut in Denmark. The EU summit on Friday will see discussion of increased fiscal integration, possible treaty amendments and the Commission‟s proposals for euro bonds. On Monday Angela Merkel and Nicolas Sarkozy will suggest ways toFri, 02 Dec 2011 19:39:39 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-12-02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-25.htmlMarket Movers ahead At the Eurogroup and ECOFIN meeting the work on boosting the EFSF is expected to be finalised and also Eurobonds and possible treaty changes are likely to be discussed. Euro area inflation is expected to start decreasing. US ISM manufacturing is expected to rise, as it has been lagging hard data on industrial production this year and we expect it to catch up. Non-farm US payrolls are expected to continue to show decent increases as employment indicators have pointed toFri, 25 Nov 2011 14:58:02 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-18.htmlMarket Movers ahead General elections in Spain on Sunday are expected to result in a change in power. The incoming centre-right government will continue the reform process. Focus will be on whether the ECB continues to use its Securities Market Programme forcefully to hold Italian and Spanish government bond yields below 7%. In the US, the deadline for the Joint Select Committee on Deficit Reduction – the so-called ‘super committee’ in charge of presenting a plan for US deficit reduction – isFri, 18 Nov 2011 15:16:35 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-18.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-11.htmlMarket Movers ahead If the financial markets are to calm down, Italy will need to adopt tough austerity measures, which in turn would probably make the ECB step up significantly its purchases of Italian government bonds. Prime Minister Silvio Berlusconi is expected to step down. He may be succeeded by Mario Monti, who the markets would welcome. Third-quarter GDP data will show how hard economic growth in the eurozone has been hit already, though we do not expect to see the largest effect untilFri, 11 Nov 2011 15:23:33 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-11.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-04.htmlMarket movers ahead Over the weekend and as we enter next week Greece and Italy will remain in focus. Focus will be on whether or not Greece will pass the austerity package. In Italy, negotiations over potential pension reform are expected to continue. The risk of a government reshuffle in Italy remains in focus. At the Eurogroup and ECOFIN meeting, the Ministers of Finance will “discuss the follow-up to the decisions taken” at the EU Summit. The Bank of England‟s monthly meeting will probablyFri, 04 Nov 2011 15:04:56 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-11-04.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-28.htmlMarket movers ahead The US calendar is set to be dominated by three major events – the ISM on Tuesday, the FOMC meeting ending on Wednesday and non-farm payrolls data on Friday. In the euro area the new ECB president Mario Draghi will lead his first press conference on Thursday, following the announcement of the ECB’s rate decision. During the G20 meeting on Thursday and Friday, there will be particular focus on whether China, together with the other BRIC countries, will contribute to the SPV.Fri, 28 Oct 2011 14:47:43 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-28.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-21.htmlMarket Movers ahead Markets are holding their breath ahead of the EU summit. Boosting EFSF, bank recapitalisation and a new plan for Greece are the main topics. Euro PMI is expected to show a small decline. US Q3 GDP is expected to show trend growth at 2.5% - far from recession levels. Chinese PMI is expected to rise slightly. Global Update More positive data surprises out of US confirm H2 rebound in growth. There is still widespread uncertainty about the outcome of the EU summit this weekendFri, 21 Oct 2011 20:39:57 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-14.htmlMarket Movers ahead The main global issue remains the political efforts to stem the euro crisis. Friday’s Eurogroup meeting might result in information about the next step. In the US the first business indicators for October are expected to show some improvement. The decline in gasoline prices will be visible in the inflation data. In Germany the October Ifo data are likely to soften further. Big data week in China with Q3 GDP and industrial production, fixed asset investment and retail salesFri, 14 Oct 2011 12:21:46 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-07.htmlMarket Movers ahead Recapitalisation of European banks will be discussed at Sunday’s meeting between Merkel and Sarkozy and at the G20 meeting for FMs on Friday. Slovakia and Malta are the last two countries set to ratify the changes to the EFSF FOMC minutes could shed light on Fed’s next move We expect a positive outcome for US retail sales for September Chinese inflation and trade figures are the main movers in Asia. Global Update ECB kept rates unchanged, but revived non-standard measuresFri, 07 Oct 2011 20:07:22 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-10-07.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-30.htmlMarket movers ahead We expect no rate cut from the ECB next week, but 12-month refinancing operations are expected to be resumed. A decision on the next aid tranche for Greece is possible next week. In the US we expect another subdued labour market report for September. The Bank of Japan is not expected to announce additional easing next week. China’s NBS manufacturing PMI is expected to improve in August. In Denmark Nationalbanken is expected to track the ECB, but an independent 10 basisFri, 30 Sep 2011 15:12:48 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-30.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-23.htmlMarket movers ahead The movers and shakers in the European debt crisis meet at the IMF over the weekend, so there is a good chance of fresh news. Creditors‟ review of the Greek economy will resume on Monday. Incoming data will probably reveal weaker economic performance in Germany and falling inflation in the euro area as a whole, so putting more pressure on the ECB to cut interest rates. The recovery in Japan probably lost some of its momentum in August. Rates in Sweden and Norway willFri, 23 Sep 2011 18:09:58 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-16.htmlMarket movers ahead This weekend US Secretary of Treasury Timothy Geithner is set to attend the informal Eurogroup and Ecofin meetings, which may focus on speeding up ratification of new EFSF responsibilities and how to possibly leverage EFSF. We expect that the main outcome will be “verbal intervention”. At the FOMC meeting ending on Wednesday we expect the Fed to provide new stimulus. We see the most likely outcome to be eliminating the 0.25% interest rate on reserves, along with a shift inFri, 16 Sep 2011 18:54:53 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-16.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-09.htmlMarket movers ahead The main mover in the US next week is likely to be retail sales. July‟s report surprised on the upside, but it is uncertain how consumers responded in August following the financial turmoil. In the euro area the focus once again is likely to centre on Greece, as the Troika (ECB, IMF and EC) will return to Greece and continue work on the fifth review of the Greek economy and public finances. In Switzerland the focus of attention is likely to be on Thursday‟s SNB Q3 monetaryFri, 09 Sep 2011 18:24:33 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-02.htmlMarket Movers ahead The ECB Governing Council meeting on Thursday is the big event of the week. It is likely that “upside risks” to inflation will be removed. The outcome of Bank of England’s monthly meeting is trivial: unchanged base rate at 0.5% and no more asset purchases. We do not expect to see any changes in the interest rate from Bank of Japan, but we cannot rule out further quantitative easing. The coming week should be relatively quiet in terms of US data releases, as markets will beFri, 02 Sep 2011 18:41:19 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-09-02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-19.htmlMarket movers ahead In the US, the key event due this week is Ben Bernanke’s speech at the Jackson Hole conference. Elsewhere, we expect focus to be on initial claims and durable orders for signs of recession. In Europe, we expect the flash PMI and the German Ifo to decline further. We expect France to reveal further austerity measures. In China, the main scheduled event is the release of the flash estimate for the HSBC manufacturing PMI for August. We estimate a moderate decline. In Japan andFri, 19 Aug 2011 17:57:19 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-12.htmlMarket movers ahead In the US core CPI is important, as it shows whether the Fed has wiggle room to conduct a more expansionary monetary policy in the months to come. The ECB’s buying of peripherals bonds is likely to continue next week, in our view. In the euro area Q2 GDP is expected to grow 0.4% q/q. Japanese Q2 GDP numbers are likely to be weak due to the March quake. Global update High volatility in global stock markets. The Fed announced it is likely to keep interest rates low untilFri, 12 Aug 2011 14:26:17 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-12.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-05.htmlMarket Movers ahead Fed is expected to announce easing measures at its next meeting on Tuesday Markets are looking for ECB purchase of Italian and Spanish bonds Intervention from Swiss central bank looks increasingly likely Bank of Japan is expected to continue intervention if needed Elevated inflation in July gives China little room to respond to global turmoil A rate hike is still possible in Norway next week Global Update ECB revives bond purchase programme, but move so far not bold enoughFri, 05 Aug 2011 15:58:52 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-08-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-07-01.htmlMarket Movers ahead Eurogroup expected to endorse fifth tranche for Greece over the weekend More details on the second aid facility for Greece at the Eurogroup meeting Trichet will deliver the second rate hike at the ECB meeting Thursday US non-farm payrolls set to improve but to remain muted The Danish central bank will follow ECB and hike rates 25bp BoE will keep rates unchanged The Swedish Riksbank is expected to hike rates by 25bp Chinese HSBC service PMI is the main mover in Asia thisFri, 01 Jul 2011 14:32:16 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-07-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-24.htmlMarket Movers ahead Approval of austerity measures in Greece this week’s critical event In the euro area inflation is expected to remain elevated in June ISM is expected to drop close to 50 in the US in June In Japan data is expected to buck the trend and show the recovery has started PMIs in China also continue to edge lower, but signs of bottoming out Weaker PMIs expected in both Sweden and Norway Retails sales expected to show solid gains in both Sweden and Norway Global Update EU close toFri, 24 Jun 2011 15:09:24 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-24.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-17.htmlMarket Movers ahead Confidence vote in Greece on reshuffled Greek government EU summit expected to end with partial solution to immediate Greek problems Euro area PMIs and Ifo data expected to show modest decreases Fed likely to express concerns of moderate US recovery at FOMC meeting BoE minutes expected to confirm that BoE remains on hold Japan’s trade data expected to confirm recovery has started Global Update Risk of vanishing political commitment in Greek government IMF signals that fifthFri, 17 Jun 2011 18:22:08 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-17.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-10.htmlMarket movers ahead In the US, retail sales will be an important gauge of whether the decline in oil prices in May has raised the spirits of US consumers – at long last. However, weekly chain store and car sales suggest May retail sales were sluggish. The Philadelphia Fed survey and the Empire index will indicate whether US business confidence is set to fall further or to see some stabilisation following the rapid decline in recent months. We expect the surveys to pick up slightly. In theFri, 10 Jun 2011 18:06:19 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-06-10.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-27.htmlMarket movers ahead It’s time for US ISM and non-farm payrolls. We look for disappointment on both. The ECB meeting on Thursday will attract plenty of attention. We believe Jean- Claude Trichet will say “strong vigilance” and thereby signal a July hike. Euro Flash CPI should stay unchanged at 2.8%. Chinese PMI to signal further slowing. Industrial production and PMI in Japan will give more indication of the pace of recovery following the hit from the earthquake. Danish GDP data for Q1 willFri, 27 May 2011 14:57:49 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-27.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-19.htmlMarket Movers ahead In Europe flash PMI and German Ifo expectations are set to show a moderate decline. German flash HICP inflation will remain high at 2.7%. In the US we expect another round of soft housing data. Focus will also be on core capital goods orders and initial claims, which are expected to have improved. The flash PMI for China is expected to indicate more slowdown, as tightening measures feed through. We do not expect additional monetary easing at Friday’s BoJ meeting in spite ofThu, 19 May 2011 18:49:28 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-13.htmlMarket Movers ahead The sovereign debt crisis in Europe should once again top the agenda in a week when EU Finance Ministers are likely to approve the loan package for Portugal and devote a lot of energy and attention to discussing the outlook for Greece. The US budget debate could resurface in the coming week, with the US set to exceed its debt ceiling once again. US housing market data and the Philly Fed survey are due out in the week ahead. Global Update Political statements from FinlandFri, 13 May 2011 14:42:38 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-13.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-06.htmlMarket movers ahead Main mover in the US is retail sales where we expect a rise of 0.7% m/m. US CPI expected to rise 0.4% in April and core CPI 0.2% m/m. Expected slowdown in inflation and economic growth in China. No major movers on the euro area agenda, but interesting release of Q1 GDP. Norges Bank expected to hike rates by 25bp on Thursday. Global Update Large correction in commodity prices. US ISM non-manufacturing fell sharply from 57.3 to 52.8 indicating soft patch. Trichet signalled noFri, 06 May 2011 14:41:40 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-05-06.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-29.htmlMarket movers ahead We do not expect the ECB to use the ‘vigilance’ code and signal a hike in June at next week’s meeting. The next hike is likely to be in July. US ISM is expected to start path lower in April. Non-farm payrolls should see another robust reading of around 200k. We look for a slight improvement in the Chinese NBS PMI for April. In Sweden, focus turns to the minutes from the Riksbank meeting and data for service production. In Norway, data will be released on retail sales, PMIFri, 29 Apr 2011 18:58:38 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-29.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-15.htmlMarket movers ahead (next two weeks) The FOMC meeting on April 26-27 will be the key event in the US. US Q1 GDP growth is expected to have slowed to 2.3% q/q AR. The general election in Finland is likely to attract attention over the weekend. Eurozone inflation is expected to dampen temporarily in April due to base effects. Japanese industrial production for March will show the first sign of quake impact. The Riksbank in Sweden is expected to hike rates by 25 basis points. Global update In theFri, 15 Apr 2011 14:26:42 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-08.htmlMarket Movers ahead Aid package for Portugal is expected to be announced this weekend Battle to reach a budget deal for 2011 intensifies in the US US retail sales are expected to be resilient despite higher inflation Solid Chinese GDP growth expected in Q1, but poised to slow In Sweden inflation in March is expected to exceed Riksbanken’s target Global Update ECB delivers expected rate hike Portugal finally asks for financial assistance Signs of increasing divergence in opinions within FedFri, 08 Apr 2011 13:04:43 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-08.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-01.htmlMarket Movers ahead ECB will deliver the first hike in three years on Thursday and is likely to signal another rate hike in three months time. Fed minutes to provide little new information following numerous Fed speeches recently. Bank of Japan may announce an expansion of quantitative easing at next week’s meeting. German orders and industrial production to mirror strong PMI data. Industrial production to rise further in both Sweden and Norway.  Global Update Euro crisis still limited toFri, 01 Apr 2011 13:01:13 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-04-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-03-25.htmlMarket movers ahead The ISM and non-farm payrolls will dominate the US calendar. Both indicators should remain strong, though slightly weaker than last month. The political wheeling and dealing in connection with the European debt crisis could take a new turn, with a referendum likely to be called in Portugal, two regional elections due in Germany and the – likely disappointing – results of the Irish bank stress tests due to be published. Euro-zone inflation data for March will prove anFri, 25 Mar 2011 15:07:52 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-03-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-03-19.htmlMarket movers ahead Focus will continue to be on Japan - not least on the development at the Fukushima Daichi nuclear power plant. The next week will be decisive and should give us an idea of whether the situation in Fukushima will calm down. We expect US existing home sales on Monday and new home sales on Tuesday to surprise negatively. Recent housing data have been very gloomy. Euro area flash PMIs are expected to show modest declines, while Chinese HSBC flash PMI is expected to improveSat, 19 Mar 2011 02:52:25 GMThttp://www.fxstreet.com/fundamental/analysis-reports/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/analysis-reports/weekly-focus/2011-03-19.html