Analysts at ING explain that the NOK has moved closely with global equity markets over the past week, and this is likely to remain the case over coming days as well. Key Quotes “With Brent oil falling into the mid-70s, the krone has lost a key supportive factor. This, combined with a continued gradualist stance from Norges Bank, means we see another move towards the key support level at 9.40 as unlikely in the near term.” “The key data to watch over the coming week is the PMI survey on Thursday, which we expect will show the Norwegian economy is holding up somewhat better than peers in Sweden and the Eurozone (where near-term indicators have turned down over recent months).” “The relative resilience of the domestic economy means we remain constructive on NOK compared to other high-beta currencies such as SEK, AUD, NZD.” 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 GBP/USD edges higher to 1.2850, daily highs FX Street 4 years Analysts at ING explain that the NOK has moved closely with global equity markets over the past week, and this is likely to remain the case over coming days as well. Key Quotes "With Brent oil falling into the mid-70s, the krone has lost a key supportive factor. This, combined with a continued gradualist stance from Norges Bank, means we see another move towards the key support level at 9.40 as unlikely in the near term." "The key data to watch over the coming week is the PMI survey on Thursday, which we expect will show the Norwegian economy is… 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.
