In view of Mikael Milhoj, Senior Analyst at Danske Bank, both Scandinavian currencies are expected to stabilize in the next weeks. Key Quotes “Both SEK and NOK have lost moderate ground in recent sessions, as USD/Scandies have returned bid amid the USD rebound”. “As in the middle of July, liquidity remains fairly thin, leaving the two currencies vulnerable to large single orders. We expect both to stabilise as the USD momentum eases and liquidity improves”. “On balance, we expect today’s data releases in Norway to be NOK positive but emphasise that markets have already bought into the story of a strong labour market and a rebounding housing market. NOK support is therefore likely to be fairly muted, even if we are right in our calls. We still deem the cooling Swedish house market as a headwind for the SEK. We see signs of a continued sluggish market over the summer”. 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/CAD hangs near 1-1/2 month lows, NFP awaited FX Street 5 years In view of Mikael Milhoj, Senior Analyst at Danske Bank, both Scandinavian currencies are expected to stabilize in the next weeks. Key Quotes "Both SEK and NOK have lost moderate ground in recent sessions, as USD/Scandies have returned bid amid the USD rebound". "As in the middle of July, liquidity remains fairly thin, leaving the two currencies vulnerable to large single orders. We expect both to stabilise as the USD momentum eases and liquidity improves". "On balance, we expect today's data releases in Norway to be NOK positive but emphasise that markets have already bought into the story of a… 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.
