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USDNOK Plunges, Breaks 15-Month Support on Hawkish Norges Bank

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.

2019-06-21
Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open

Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open

Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open

2019-06-11
USDNOK Breaks Critical Support - USDSEK Retreats at Alarming Rate

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.

2019-06-05
NOK, SEK Forecast: Volatility Eyed on ECB, EU News, US Jobs Data

NOK, SEK Forecast: Volatility Eyed on ECB, EU News, US Jobs Data

The Swedish Krona and Norwegian Krone will likely experience higher-than-usual volatility ahead of the ECB rate decision and critical European and US data.

2019-06-04
NOK Traders Eye Norway GDP, Crude Oil Prices, Trade War Talks

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.

2019-05-13
USDNOK Drops as Norges Bank says Rates Will Likely Rise in June

USDNOK Drops as Norges Bank says Rates Will Likely Rise in June

The Norwegian Krone is strengthening after Norways central bank left interest rates unchanged but said its policy rate will most likely be increased next month.

2019-05-09
USD/SEK Looking to Test New Support? USD/NOK Eyeing Resistance

USD/SEK Looking to Test New Support? USD/NOK Eyeing Resistance

USD/SEK is approaching what may be a new support after spiking more than two percent last month, while USD/NOK is approaching resistance.

2019-05-08
Swedish Krona, Norwegian Krone Eye German Zew Survey, US Data

Swedish Krona, Norwegian Krone Eye German Zew Survey, US Data

The economic docket in Sweden and Norway remains light, but critical data out of the US and Europe may jolt Nordic currencies. Swedish Krona traders are eyeing the upcoming Riksbank rate decision.

2019-04-16
Norwegian Krone, Swedish Krona Eyeing Brexit, ECB, FOMC

Norwegian Krone, Swedish Krona Eyeing Brexit, ECB, FOMC

NOK, SEK – along with global markets – will be eyeing tomorrow‘s release of the FOMC meeting minutes, the ECB rate decision and the EU’s verdict on whether the UK will get an extension.

2019-04-10
Krona, Krone Eye ECB, FOMC, Outcome of Brexit - Volatility Ahead

Krona, Krone Eye ECB, FOMC, Outcome of Brexit - Volatility Ahead

The Swedish Krona and Norwegian Krone face a heavy week filled with major market-moving event risk from Brexit, the ECB rate decision and the release of the FOMC minutes

2019-04-08
USD/SEK, USD/NOK Break Through Key Support - Whats Next?

USD/SEK, USD/NOK Break Through Key Support - Whats Next?

USD/SEK and USD/NOK broke through key support levels as US Dollar strength faded and short-term volatility is to be expected from central bank-related event risk this week.

2019-03-19
Brexit Vote May Cause Significant Volatility in SEK, NOK - Foggy Outlook

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

2019-03-12
USD/NOK Traders Watching Norway Industrial Production Data

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

2019-03-07
USD/SEK, USD/NOK Climbing Toward Key Resistance Barriers

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

2019-03-05
NOK, SEK Vulnerable as Europe Slows Down - FOMC Minutes in Focus

NOK, SEK Vulnerable as Europe Slows Down - FOMC Minutes in Focus

The Norwegian Krone and Swedish Krona may find it increasingly difficult to climb higher as the EU economy slows down, potentially dampening economic activity in

2019-02-18
NOK, SEK May Fall on Unemployment Data - OBX, OMX Vulnerable?

NOK, SEK May Fall on Unemployment Data - OBX, OMX Vulnerable?

The Norwegian Krone and Swedish Krona may fall when each countrys respective unemployment data is released. 2019 headwinds could weigh on the OBX and OMX

2019-01-24
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