Arne Rasmussen, Chief Analyst at Danske Bank, noted the Nordic cross is expected to grind lower in the short-term horizon. Key Quotes “On Friday, we published a trading recommendation to sell NOK/SEK as a tactical near-term position. The trade reflects the view that we think EUR/SEK could head lower still in the near-term, while we think EUR/NOK has reached the low-end of its trading range”. “In terms of today’s Scandi data calendar, this morning’s estimate of Norwegian 2019 oil investments will prove tricky to interpret (nominal terms, many projects likely not yet included). Hence, we want to downplay its importance relative to the years of 2014-16 when this was one of the key market movers for the NOK”. 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 Japan: Unemployment rate to tick up 0.1% to 2.5% in April – Nomura FX Street 5 years Arne Rasmussen, Chief Analyst at Danske Bank, noted the Nordic cross is expected to grind lower in the short-term horizon. Key Quotes "On Friday, we published a trading recommendation to sell NOK/SEK as a tactical near-term position. The trade reflects the view that we think EUR/SEK could head lower still in the near-term, while we think EUR/NOK has reached the low-end of its trading range". "In terms of today's Scandi data calendar, this morning's estimate of Norwegian 2019 oil investments will prove tricky to interpret (nominal terms, many projects likely not yet included). Hence, we want to downplay its importance… 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.
