Market movers ahead

  • We expect the Fed to make a dovish policy shift at the upcoming meeting. 

  • June PMI figures on both sides of the Atlantic will give more clues on whether the cyclical downturn continues.

  • In Europe, a range of important decisions loom at the EU summit and markets will keep a close watch on monetary policy hints from the ECB's Sintra Forum.

  • The UK Conservative Party leadership contest continues, while the Bank of England meeting should not bring much news.

  • We expect the Bank of Japan to keep its assessment of the economy at its meeting.

  • We expect Norges Bank to raise its policy rate by 25bp to 1.25%.

 

Weekly wrap-up

  • Calls for central bank easing are getting louder both in the US and Europe.

  • We published our updated global view in The Big Picture.

  • ECB credibility continues to be challenged with euro area (market-based) inflation expectations nose-diving.

  • Trade conflicts and geopolitical risks continue to weigh on risk sentiment.

 

Download The Full Weekly Focus

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD rises above 1.1200 amid some USD weakness

EUR/USD is trading above 1.1200, recovering some of the losses. Earlier, ECB officials expressed concern about global growth President Draghi speaks later. Tension is rising toward the Fed decision.

EUR/USD News

GBP/USD falls to the lowest since January

GBP/USD is trading around 1.2550, the lowest since January. Sterling has been under pressure amid growing uncertainty about Brexit and USD strength.

GBP/USD News

USD/JPY remains directionless above mid-108s on Monday

The USD/JPY pair is struggling to make a decisive move in either direction on Monday as the slightly upbeat market sentiment doesn't allow the safe-haven JPY to gather strength.

USD/JPY News

Gold: Signs of bullish exhaustion ahead of the Fed

Gold's rally seems to have run its course with signs of bullish exhaustion emerging on technical charts ahead of Wednesday's FOMC (Federal Open Market Committee) rate decision.

Read more

Gold recovers early lost ground, back above $1240 level

Gold recovered a major part of its early slide and moved to the top end of its daily trading range, above the $1340 region post-US data.

Gold News

Majors

Cryptocurrencies

Signatures