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EURNOK

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Reuters - 9 hours ago

Norway's interest rate path may ease, but NOK a key factor

RPT-BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Repeats with changes to first line Sept 19 (Reuters) - Norway's central bank meeting at 0800GMT Thursday and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance.
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Reuters - 9 hours ago

Norway's interest rate path may ease, but NOK a key factor

RPT-BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Repeats with changes to first line Sept 19 (Reuters) - Norway's central bank meeting at 0800GMT Thursday and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance.
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Reuters - 3 days ago

Norway's interest rate path may ease, but NOK a key factor

BUZZ-COMMENT-Norway's interest rate path may ease, but NOK a key factor Sept 16 (Reuters) - Norway's central bank meets this week and there could be scope to lower the interest rate path and possibly hint at a December cut, but despite a slight improvement the weak NOK will continue to underpin a hawkish Norges Bank stance. Falling interest rates at the European central bank and Bank of England and an expected rate cut from the U.S.
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Reuters - 1 week ago

US dollar mixed after inflation report supports smaller Fed rate cut

FOREX-US dollar mixed after inflation report supports smaller Fed rate cut US core inflation rises 0.3% in August US dollar hits three-week high versus Swiss franc Dollar falls to lowest level since late December Fed funds futures lower odds of 50-basis-point cut this month Updates as of 3:27 p.m. ET/1927 GMT By Gertrude Chavez-Dreyfuss and Chibuike Oguh NEW YORK, Sept 11 (Reuters) - The U.S.
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Reuters - 1 week ago

NOK bears could re-group ahead of the Norges Bank meet

BUZZ-COMMENT-NOK bears could re-group ahead of the Norges Bank meet Sept 11 (Reuters) - The Norwegian crown hit a new short-term trend low point versus the euro on Tuesday, but the subsequent recovery from 11.9940 to 11.9440 into the close could be the precursor to a deeper pullback in EUR/NOK. Widening interest rate differentials, in the NOK's favour, have done little to improve the currency's position, and a 3.25% depreciation since Aug.
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Reuters - 1 month ago

Norge Bank has high threshold for currency intervention, governor says

Norge Bank has high threshold for currency intervention, governor says ARENDAL, Norway, Aug 15 (Reuters) - Norway's central bank has a high threshold for currency interventions and the effects of any such actions are often short-lived, Norges Bank Governor Ida Wolden Bache told a press conference on Thursday. Reporting by Gwladys Fouche, editing by
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Reuters - 1 month ago

Norwegian oil investments to hit record high as inflation drives up costs

UPDATE 2-Norwegian oil investments to hit record high as inflation drives up costs Statistics office compiles oil, gas investment survey Norway oil investments to hit record NOK 257 bln in 2024 Adds graphic, comments from stats office in paragraphs 5, 9 and background in paragraphs 2 and 10-12 OSLO, Aug 15 (Reuters) - Norwegian oil and gas investments are expected to hit a record this year and stay at elevated levels in 2025, driven by ongoing field developments and rising inflation, a national
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Reuters - 1 month ago

Norway's crown, the rate cut spoiler

BUZZ-COMMENT-Norway's crown, the rate cut spoiler Aug 7 (Reuters) - Norwegian inflation has been falling since May 2023 but the Norges Bank has maintained a hawkish policy bias and there is a possibility that interest rates may be raised one last time because of weakness in the crown. Versus the EUR, the NOK is trading above its 2024 low point, 12.1320, and strongly above the May 2023 12.3020 low, a stand-out level since the COVID 13.2065 EUR/NOK peak.
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Reuters - 2 months ago

Bullish on Norway's crown? Consider NOK/SEK plays

BUZZ-COMMENT-Bullish on Norway's crown? Consider NOK/SEK plays July 29 (Reuters) - Early indications suggest that Norway's crown could have a better week and possibly at the cost of a weaker Swedish crown. A steady climb in EUR/NOK since late June and sticky Norwegian inflation has forced the Norges Bank to maintain a hawkish stance, which has helped slow the crown's depreciation.
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Reuters - 2 months ago

There could be a sharp shock coming for EUR/NOK

BUZZ-COMMENT-There could be a sharp shock coming for EUR/NOK July 24 (Reuters) - A fall in the oil price and possibly an overreaction to softer Norwegian inflation data has seen the crown weaken significantly versus the euro in recent weeks but the move is beginning to look overdone. From a technical perspective the steep upswing in EUR/NOK since the middle of June, a 6.5% gain, risks toppling over.
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Reuters - 2 months ago

Stand-out FX option expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option expiries for the week ahead July 12 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some huge strikes worth noting for Friday, July 12 , and for the week ahead. Stand-out EUR/USD strike expiries are on Monday at 1.0800 on 2.1 billion euros, between 1.0815-30 on 3.5 billion euros, 1.0850 on 1.1 billion euros, 1.0895-1.0900 on 4.6 billion euros and between
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Reuters - 2 months ago

Sterling hits four-month high, markets await US inflation data

FOREX-Sterling hits four-month high, markets await US inflation data Updates at 1040 GMT By Sameer Manekar and Alun John SINGAPORE/LONDON, July 11 (Reuters) - Sterling hit a four-month high on Thursday as comments from Bank of England policymakers and better-than-forecast GDP data led traders to reduce bets on an August rate cut in Britain, while they awaited crucial U.S.
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Reuters - 2 months ago

All change for Norway's crown but fall looks overdone

REFILE-BUZZ-COMMENT-All change for Norway's crown but fall looks overdone Adds comment to headline July 11 (Reuters) - Stability in the Norwegian crown was shattered Wednesday by the latest domestic inflation numbers but the reaction to the June data looks overdone. Core CPI, 3.6% y/y, was softer than market and Norges Bank expectations. The data triggered the biggest one-day move up in EUR/NOK since February.
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Reuters - 3 months ago

Stand-out FX option strike expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option strike expiries for the week ahead June 28 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some huge strikes worth noting for Friday June 28 and larger strikes for the week ahead. Stand-out EUR/USD strikes expiring on Monday are at 1.0685 on 1.3 billion euros and at 1.0700 on 2.6 billion euros.
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Reuters - 3 months ago

Norway's crown set for new 2024 highs

BUZZ-COMMENT-Norway's crown set for new 2024 highs June 20 (Reuters) - Thursday's Norges Bank rate decision has done little to alter the NOK's bullish trajectory, indeed the hawkish hold may have set in motion a run to new 2024 highs for the crown. The central bank's new rate path sees the benchmark unchanged at 4.5% for the remainder of the year.
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Reuters - 3 months ago

Norway central bank chief eyes 75 basis point rate reduction in 2025

Norway central bank chief eyes 75 basis point rate reduction in 2025 OSLO, June 20 (Reuters) - The Norwegian central bank's latest monetary policy projections indicate that the key policy rate will be cut by a total of 0.75 percentage point in 2025, Norges Bank Governor Ida Wolden Bache told public broadcaster NRK on Thursday. The central bank held
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Reuters - 3 months ago

Fundamentals, technicals offer support to NOK

RPT-BUZZ-COMMENT-Fundamentals, technicals offer support to NOK Repeats with no changes June 18 (Reuters) - A key week for the crown with the Norges Bank's latest policy view due today. Expectations of a hawkish hold coupled with potential for a bullish technical pattern playing out bode well for the NOK. A pattern of falling tops on the weekly chart suggests EUR/NOK could go much lower.
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