EUR/NOK seen lower, Norges Bank expected to cut rates

June 15, 2015

Arne Rasmussen, Chief Analyst at Danske Bank, expects the Nordic central bank to cut rates at its meeting on Thursday and NOK to gather pace in the longer run.

Key Quotes

“In the last weeks EUR/NOK has overshot our 1M forecast of 8.65 on a somewhat perfect storm with significantly higher EUR-rates, substantially higher market volatility and a lower oil price”.

“Relative to Norges Bank’s projections economic data out of Norway have been mixed, yet on average support our (consensus) call for a 25bp rate cut on Thursday”.

“On the other hand, we believe that market pricing of future NB monetary policy is too dovish and we expect an upward revision of the rate path to support the NOK and send EUR/NOK lower”. 

Publication source
OctaFX information  OctaFX reviews

February 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...
February 27, 2017
Gold reached three-month highs
Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...
February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...

OctaFX Rating
Exness Rating
XM Rating
FxPro Rating
Vantage FX Rating
Cms Trader Rating

First Binary Option Service Rating
Binary.com Rating
EZTrader Rating
OptionTrade Rating
Porter Finance Rating
UKoptions Rating