External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

<ul><li>Most risky assets have recovered the lost ground from the US recession scare. Central bank pricing has not!</li><li>It will take quite a shock quite soon to realise the ECB pricing for this year. We recommend paying the front ECB contracts.</li><li>One thing is the Fed pricing. It was a US recession scare after all. But the ECB pricing? </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Most risky assets have recovered the lost ground from the US recession scare. Central bank pricing has not!It will take quite a shock quite soon to realise the ECB pricing for this year. We recommend paying the front ECB contracts.One thing is the Fed pricing. It was a US recession scare after all. But the ECB pricing? Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

The New Zealand dollar is the official currency of New Zealand.  

<ul><li>Market pricing reflects less Fed cuts than previously expected, with uncertainty surrounding the impact on the dollar</li><li>RBNZ rate cut delivered as expected, leading to potential further kiwi weakness</li><li>Labor market data and rate pricing are key factors to watch for potential future movements in FX markets</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Market pricing reflects less Fed cuts than previously expected, with uncertainty surrounding the impact on the dollarRBNZ rate cut delivered as expected, leading to potential further kiwi weaknessLabor market data and rate pricing are key factors to watch for potential future movements in FX marketsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Fed easing and dollar weakness: uneasy bedfellows

The Norwegian krone is the official currency of the Kingdom of Norway.  The US dollar is the official currency of the United States of America.

<ul><li>We expect core inflation to fall to 3.3% y/y from 3.4% in June while Norges Bank has 3.7% pencilled in for July.</li><li>The data will be published on Friday 9 August at 8AM CET.</li><li>The main reason for the decline is a smaller increase in food prices this July compared to last year.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We expect core inflation to fall to 3.3% y/y from 3.4% in June while Norges Bank has 3.7% pencilled in for July.The data will be published on Friday 9 August at 8AM CET.The main reason for the decline is a smaller increase in food prices this July compared to last year.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NO CPI Preview: Lower Inflation but No Rate Cut on the Agenda

<ul><li>The drop in interest rates expectations in Norway is mainly due to increased recession fears in the US after weaker than expected labour market data there.</li><li>The market went into panic mode and now expects the Fed to deliver more than 8 cuts (210bps) over the next year.</li><li>Keeping in mind that it is less than a week since we heard chairman Powell describe the labour market and the economy as in a good place, it certainly looks excessive.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The drop in interest rates expectations in Norway is mainly due to increased recession fears in the US after weaker than expected labour market data there.The market went into panic mode and now expects the Fed to deliver more than 8 cuts (210bps) over the next year.Keeping in mind that it is less than a week since we heard chairman Powell describe the labour market and the economy as in a good place, it certainly looks excessive.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NOK Update: Market Pessimism Overdone for Norway

The Japanese yen is the official currency of Japan. 

<ul><li>Historical analysis suggests that previous lows in yen or highs in dollar yen may be difficult to recapture after significant technical damage.</li><li>The yen strength is influenced by wide US minus Japan real policy rate differentials, skewing historical results in a more yen bearish direction.</li><li>Expectations for the upcoming BOJ meeting include a 15 basis point rate hike and a halving of bond purchases, leading to dispersion of views among investors on the timing of rate hikes.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Historical analysis suggests that previous lows in yen or highs in dollar yen may be difficult to recapture after significant technical damage.The yen strength is influenced by wide US minus Japan real policy rate differentials, skewing historical results in a more yen bearish direction.Expectations for the upcoming BOJ meeting include a 15 basis point rate hike and a halving of bond purchases, leading to dispersion of views among investors on the timing of rate hikes.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.