Senior Analyst at Danske Bank Jens Pedersen favoured further sidelining in EUR/NOK, likely between 9.47 and 9.75. Key Quotes “In the Scandies, today will bring both Norwegian credit figures and an announcement of the daily NOK purchases by Norges Bank. Normally, neither of these two releases are market movers but given the revised fiscal budget we could see Norges Bank announce a lower daily amount of c.700M (from 800M) which could trigger some NOK negative headlines”. “Meanwhile, we stress that one should not be fooled by such news as a lower NB purchase amount is countered by larger NOK buying by petroleum companies in order to pay taxes”. “We still think EUR/NOK is a 9.47-9.75 range play with risks skewed towards the top of the range near term”. 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 USD/CHF remains downside corrective – Commerzbank FX Street 5 years Senior Analyst at Danske Bank Jens Pedersen favoured further sidelining in EUR/NOK, likely between 9.47 and 9.75. Key Quotes "In the Scandies, today will bring both Norwegian credit figures and an announcement of the daily NOK purchases by Norges Bank. Normally, neither of these two releases are market movers but given the revised fiscal budget we could see Norges Bank announce a lower daily amount of c.700M (from 800M) which could trigger some NOK negative headlines". "Meanwhile, we stress that one should not be fooled by such news as a lower NB purchase amount is countered by larger NOK buying… 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.
