Tag Archives: NOK
Norway: Lower inflation – temporary
• We believe in core inflation on the downside to consensus and Norges Bank • …but lower inflation is probably temporary
FX Viewpoint: inflation focus
Whatever it takes. And it does take very little from ECB to keep the EUR strengthening: just a do nothing with Draghi’s philosophical “if the time ever comes” for the new measures.
Norway viewpoint: Norges Bank on hold
Norges Bank postpones first hike until summer 2015 We believe next move will be a cut summer 2014 Survey of petroleum investments indicates moderate growth in 2014
The Global Macro Pulse
AUDUSD has edged slightly higher, to 0.9045, after falling sharply in New York. In contrast, EURUSD is flat at 1.3585 and the yen has held some of its overnight gains to trade at 102.31 vs. the USD.
The World’s most bi-polar currency – Patterns in FX rankings since 1973
Assuming current 2013 rankings stick, the yen will have been either thestrongest or weakest G10 currency in each of the last 6 years!
Macro viewpoint: Norwegian house prices further down in November
Third month with sharp drop in house prices Other housing markets indicators weakened further The November house prices statistics confirmed the weak picture of the Norwegian housing market.
Norway: Clear signals of slowdown in Norwegian economy
• Regional network indicates GDP growth clearly on the weak side to Norges Bank’s view
Norway: LFS unemployment figures neutral to Norges Bank’s view
LFS unemployment slightly down But well in line with Norges Bank’s view LFS unemployment showed a slight drop in September against the consensus view of a slight increase.
The Global Macro Pulse
EURUSD has rallied to 1.3594, but AUDUSD is flat at 0.9125 and USDJPY is marginally higher at 101.45. EM Asia FX is mixed with the high yielders rallying.
European FI Strategy – The heat is on
Market talk To QE or not to QE, the question for the Fed, and soon maybe the ECB…
Macro viewpoint: Norway GDP figures shows weak domestic deman
GDP growth mainland Norway fully in line with Norges Bank’s forecast
The Global Macro Pulse
Overnight Price Action The S&P 500 faded in late New York, trading to fall 0.4% on the day, but futures are up slightly in Asia.