USDNOK »

  • IronFX UUIIFXBR
    Forex » Daily Commentary 20/03/15
    IronFX - March 20, 2015, 08:31 GMT

    • Surprise surprise! Central banks keep rates steady! Yesterday I mentioned that a rate hike by Norges Bank was as certain as the Swiss National Bank (SNB) floor for EUR/CHF. I meant it as a joke, but it turned out to be true. Norges Bank did not cut rates. It was a measure of the

  • JFD Brokers UUIIFXBR

    The dollar is looking much more bullish against the Norwegian Krone now, following the break above the key resistance zone of 7.4600 – 7.4930 zone at the back end of 2014. As mentioned in previous analysis, the weekly chart was always looking bullish following the aggressive run above the 6.3000 level as well as above

  • IronFX UUIIFXBR
    Analysis and Opinion » Daily Commentary 13/01/15
    IronFX - January 13, 2015, 08:30 GMT

    Dollar recovers but Fed expectations don’t The dollar generally recovered yesterday. It held steady against the pound and gained against all other G10 currencies even while the market continued to pare back its expectations for Fed tightening and US bond yields fell. The contradiction between the dollar’s performance and that of the interest rate market

  • Fx Pro UUIIFXBR

    Risk assets staged an impressive recovery yesterday with the Japanese Yen given back a little ground and for now the dollar march higher just seems to have halted whilst crude has stabilised around $50 a barrel. This could be the calm before the storm ahead of today’s first nonfarm payroll of the year with a

  • IronFX UUIIFXBR
    Analysis and Opinion » Intraday Comment 11/12/2014
    IronFX - December 11, 2014, 13:55 GMT

    The dollar traded higher against almost all its G10 counterparts during the European morning Thursday. It was lower only against SEK, while it was virtually unchanged against CHF. The main losers were NOK, AUD and JPY in that order. The Norwegian Krone collapsed after the Norges Bank unexpectedly decided to lower its key policy rate

  • IronFX UUIIFXBR
    Analysis and Opinion » NOK, DAX futures
    IronFX - December 10, 2014, 12:49 GMT

    The dollar traded within a narrow range of ±0.15% against all but one of its G10 counterparts during the European morning Wednesday. The exception was NOK. Norway’s CPI rate declined to +1.9% yoy in November from 2.0% yoy in October as expected. Although the figure was in line with expectations, USDNOK moved up nonetheless and

  • Swissquote UUIIFXBR

    The FX markets are broadly long USD before Friday’s jobs report. Released yesterday, the first US jobs read came in weaker than expected. According to ADP report, the US economy added 208’000 new private jobs through November (verse 222K exp. & 230K last). Confident expectations for November NFPs (230K exp.) and unemployment rate (5.8% exp.) keep traders long in USD. Dallas Fed

  • IronFX UUIIFXBR
    Analysis and Opinion » Daily Commentary 28/11/14
    IronFX - November 28, 2014, 09:03 GMT

    By doing nothing, everything is done OPEC simply kept its production ceiling unchanged at its meeting yesterday, as expected, setting off a further decline in oil prices. As I said yesterday, I expect oil prices to continue to fall as Saudi Arabia pursues its strategy of pushing US shale producers out of the market and

  • Swissquote UUIIFXBR

    In the forex markets, USD rallied broadly after yesterday’s US holiday hiatus. EURUSD dropped to 1.2450 on heavy USD buying while USDJPY rose to 118.30. The USDKRW and USDMYR both dropped roughly 0.8%, pushing Asia EM FX lower. AUDUSD and NZDUSD were uninspired dropping to 0.8486 and 0.7830 respectively (now trading as the petro-currency). USDRUB was well bid, as oil collapsed (due

  • IronFX UUIIFXBR
    Analysis and Opinion » Intraday Comment 26/11/2014
    IronFX - November 26, 2014, 13:27 GMT

    The dollar traded unchanged against most of its G10 counterparts during the European morning Wednesday, except AUD and NOK, where it was higher. The 2nd estimate of UK Q3 GDP came in as expected at 0.7% qoq, unchanged from the initial estimate. Growth in the service sector was revised up but industrial production was revised