Tag Archives: USD/NOK
Signs of an exhausted €. CAD continues to weaken.
EUR/USD: Each and every day the market is coming closer and closerto the 1.3645 mid body (of the weekly falling benchmarkcandle key five weeks ago) resistance.
Norway: Clear signals of slowdown in Norwegian economy
• Regional network indicates GDP growth clearly on the weak side to Norges Bank’s view
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…
Riksbank weakens SEK
Last week we published our latest edition of SEK Views, in which we raised our December EUR/SEK forecast to 9.05, mainly because we now expect the Riksbank to lower interest rates.
Divergent monetary policy between Norway and Sweden
We believe the Riksbank will cut rates by 25bp in December. The Riksbank’s three weeks’ old inflation forecast was 0.4pp off the mark and
FX Quant and Positioning Weekly
Spec’s cut excessive bullish EUR position by more than half * Speculators slashed their previously excessively bullish EUR position by more than half.
Norway: Somewhat higher, but still below forecast
• Somewhat higher core inflation• But still well below Norges Bank’s view • But weaker NOK more than enough to offset lower inflation
€/$ – 1 more low. USD/NOK violated the 6.14 key res.
EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.
Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries
EUR-NOK The sharp rally above strong hurdle at 8.2037 last Friday is setting bulls on firmer footing and
USD/SCANDIES we like….a lot. USD/CAD to follow.
EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.
Still a € & $ waiting game. €/SEK & €/NOK upside risk
EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535,
Global FI Strategy – Into the void
Market talk Recent market action has once again illustrated that the rise in interest rates that we have seen since early May took place too fast…