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

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

FxPro Rating
HYCM Rating
XTB Rating
Grand Capital Rating
OctaFX Rating
Fort Financial Services Rating

Anyoption Rating
Banc De Binary Rating
TropicalTrade Rating
OptionBit Rating
Beeoptions Rating
OptionRally Rating