Jens Pedersen, Senior Analyst at Danske Bank, gives his views on the Norwegian Krone in the next months. Key Quotes “Despite risk rallying, oil fluctuating heavily intraday and the Riksbank announcing forthcoming NOK buying (albeit a relatively small size) EUR/NOK remains virtually unchanged within the 9.40-9.60 range”. “Tomorrow’s inflation print marks this week’s biggest event in Norwegian markets: our call on core inflation falls in the lower end of analyst estimates (albeit in line with median consensus) and hence should on balance be marginally negative for NOK”. “That said, recent price action has showed that we would probably have to see a more substantial disappointment for EUR/NOK to break higher”. 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 UK Cabinet meeting on Brexit unlikely to take place ahead of next week – Source FX Street 4 years Jens Pedersen, Senior Analyst at Danske Bank, gives his views on the Norwegian Krone in the next months. Key Quotes "Despite risk rallying, oil fluctuating heavily intraday and the Riksbank announcing forthcoming NOK buying (albeit a relatively small size) EUR/NOK remains virtually unchanged within the 9.40-9.60 range". "Tomorrow's inflation print marks this week's biggest event in Norwegian markets: our call on core inflation falls in the lower end of analyst estimates (albeit in line with median consensus) and hence should on balance be marginally negative for NOK". "That said, recent price action has showed that we would probably have to… Top 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.
