The Euro may rise vs the Norwegian Krone this week and push EURNOK to retest the 11-year high at 10.0972, a level not reached since the 2008 financial crash.
Crude oil prices and the Norwegian Krone may fall if the world‘s largest petroleum-linked sovereign wealth fund’s earnings amplify global recession fears.
GBPUSD Outperforming, US Dollar Bounces on Strong Retail Sales - US Market Open
The US Dollar may rise vs the Norwegian Krone if the Norges Bank scales back its hawkish outlook against the backdrop of slower regional and global growth.
The Swedish Krona and Norwegian Krone will likely experience unusually high volatility with Swedish GDP, the FOMC rate decision and other high-event risk in the week ahead.
Sterling will be casting a worried eye ahead of UK unemployment data after a dismal cascade of reports and NOK may fall on CPI amid falling crude oil prices.
USDNOK is a whisper away from a possible break below a 14-month support. The question remains whether the pair have enough resolve to bounce back or will it wilt?
The Swedish Krona and Norwegian Krone are in for a tumultuous 24 hours ahead of local and Eurozone economic data, Brexit and the European elections.
The Swedish Krona and Norwegian Krone will be on their toes as US-China trade relations sour and European growth indicators may continue to show regional weakness.
USD/NOK initially sunk following the Norges Bank rate decision and commentary, but the pair quickly recovered and resumed their dominant uptrend. Next up: US CPI.
The Swedish Krona and Norwegian Krone will be eyeing local economic data and a slew of external risks in the US, Europe and China.
The Swedish Krona and Norwegian Krone suffered after PMI disappointed. NOK and SEK now eye upcoming US NFPs and unemployment rate data.
The Swedish Krona and Norwegian Krone may find themselves under pressure as key growth data out of the US and EU cross the wires.
The Swedish Krona and Norwegian Krone will be in a for a potentially tumultuous week as the US and EU prepare to publish several key economic indicators along with the FOMC rate decision.
The Swedish Krona and Norwegian Krone will be keeping a close eye on US housing data and German IFO confidence indicators – SEK anxiously waiting for Riksbank rate decision.