Economists at Danske Bank believe EUR/NOK is now at a turning point and pencil in a weaker NOK going forward. They forecast a weaker NOK at 10.10 in one month (from 10.00), and 10.50 in 12 months (from 10.30). A EUR/NOK turning point is likely during spring “While we have emphasized 10 reasons for a weaker NOK, we once again highlight the importance of the industrial cycle, USD real rates, the USD and by extension commodity prices.” “We now forecast EUR/NOK at 10.10 in 1M (from 10.00), 10.30 in 3M (10.10), 10.40 in 6M (10.20) and 10.50 in 12M (10.30).” “The biggest risk factors to our forecasts lie in the global reflation theme and thereby not least USD real rates, risk appetite, oil and vaccine rollouts. Better news and/or a more patient Fed than in our baseline would support reflation underpinning a continued strengthening of NOK. On the other hand, marked risk-off could trigger a larger-than-projected setback.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/CHF: Neutral N-Term; Core Bullish L-Term For 1.15 – Credit Agricole Kenny Fisher 2 years Economists at Danske Bank believe EUR/NOK is now at a turning point and pencil in a weaker NOK going forward. They forecast a weaker NOK at 10.10 in one month (from 10.00), and 10.50 in 12 months (from 10.30). A EUR/NOK turning point is likely during spring "While we have emphasized 10 reasons for a weaker NOK, we once again highlight the importance of the industrial cycle, USD real rates, the USD and by extension commodity prices." "We now forecast EUR/NOK at 10.10 in 1M (from 10.00), 10.30 in 3M (10.10), 10.40 in 6M (10.20) and 10.50 in 12M (10.30)."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
