Euro May Extend Gains vs NOK and Aim to Re-Test 11-Year High
The Euro may rise vs the Norwegian Krone this week and push EURNOK to retest the 11-year high at 10.0972, a level not reached since the 2008 financial crash.
US Dollar May Rise vs NOK if Norges Bank Trims Hawkish Outlook
The US Dollar may rise vs the Norwegian Krone if the Norges Bank scales back its hawkish outlook against the backdrop of slower regional and global growth.
SEK, NOK Brace for Turbulence Ahead of FOMC and Sweden GDP
The Swedish Krona and Norwegian Krone will likely experience unusually high volatility with Swedish GDP, the FOMC rate decision and other high-event risk in the week ahead.
USDNOK Plunges, Breaks 15-Month Support on Hawkish Norges Bank
USDNOK fell over one percent after the Norges Bank chose to raise its benchmark interest rate and provided a hawkish outlook for monetary policy.
USDNOK Breaks Critical Support - USDSEK Retreats at Alarming Rate
USDNOK and USDSEK are both experiencing retreats at an alarming rate, potentially opening the door to a short-term break in critical support areas.
NOK Traders Eye Norway GDP, Crude Oil Prices, Trade War Talks
NOK traders will be eagerly awaiting the release of first-quarter GDP data, though optimism over the outcome may be overshadowed by shaky US-China trade relations and outlook the for crude oil prices.
USDNOK Uptrend Continues Despite Hawkish Norges Bank, US CPI Next
USD/NOK initially sunk following the Norges Bank rate decision and commentary, but the pair quickly recovered and resumed their dominant uptrend. Next up: US CPI.
NOK, SEK Fell on PMI - Krona, Krone Eye US NFP, Unemployment Rate
The Swedish Krona and Norwegian Krone suffered after PMI disappointed. NOK and SEK now eye upcoming US NFPs and unemployment rate data.
SEK, NOK Forecast: European GDP, US Data May Pressure Nordics
The Swedish Krona and Norwegian Krone may find themselves under pressure as key growth data out of the US and EU cross the wires.
Krona, Krone Outlook: Volatility Ahead of FOMC, EU Data
The Swedish Krona and Norwegian Krone will be in a for a potentially tumultuous week as the US and EU prepare to publish several key economic indicators along with the FOMC rate decision.
Swedish Krona, Norwegian Krone Tense Up Ahead of US, EU Data
The Swedish Krona and Norwegian Krone will be keeping a close eye on US housing data and German IFO confidence indicators – SEK anxiously waiting for Riksbank rate decision.
Brexit Vote May Cause Significant Volatility in SEK, NOK - Foggy Outlook
USD/SEK and USD/NOK retreated and re-entered familiar trading ranges after reaching multi-year highs. The technical outlook may be complicated by volatility from the upcoming Brexit
USD/NOK Traders Watching Norway Industrial Production Data
USD/NOK traders will be eyeing the release of Norways industrial production data. Will the recent slump in economic performance prompt the central bank to postpone
USD/SEK, USD/NOK Climbing Toward Key Resistance Barriers
The Swedish Krona and Norwegian Krone appear to be edging higher toward key resistance levels. If the price barriers are broken, it might re-reinforce bullish
USD/NOK Eyeing Norway CPI - Slower EU Growth May Hurt Nordics
The Norwegian Krone will be closely eyeing tomorrow‘s CPI data as the European economy slows down and may begin to weigh on Norway’s performance.