Tag Archives: NOK
How much higher can we go?
Market talk The sell-off that started in the US has been supported by positive macro developments in other parts of the world.
FX Daily Strategist: Europe
Upside risks to JPY and CHF to persist as Syria tensions continue FX markets remain focused on geopolitical tensions related to Syria.
Nordic Outlook: Global recovery set to continue
It notes recently improved prospects of a stronger global recovery, with leading indicators for most industrialised countries showing greater household and business confidence.
Norway market views: Upside risk to short rates and NOK
The market clearly believes that inflation uptick was a flash in the pan – we do not think so
FX Daily Strategist: US
USD quiet in the G10, advancing against EM With a light US data calendar, G10 FX markets remain relatively quiet, but the USD continues to show resilience against EM currencies.
Norway: Mainland GDP weak, but not that weak
• Clearly weaker GDP growth than expected • Will however not counteract strong inflation
The Global Macro Pulse
JPY weakness has raised the Nikkei 1.7%, S&P futures are up 0.1%, the HSI has risen 0.6%, and the Kospi has rallied 1.0%. Shanghai is essentially flat.
SEK – Range bound with medium-term upside potential
The krona temporarily recovered in July after its weak performance in June ahead of the Riksbank meeting in early July,
Norway: Lower unemployment – again
• LFS unemployment fell unexpectedly – again • Now points to lower unemployment than Norges Bank forecast
FX Daily
Market movers today • Euro area PMIs are expected to improve for a third consecutive month in July.
FX Daily
Market movers today • The main release will be euro area consumer confidence, which is expected to show a small uptick.