TD Securities analysts point out that the Norges Bank followed up its March rate hike with a pause today. Key Quotes “The Governor fine-tuned his guidance of future hikes, bucking the dovish trend of his G10 counterparts in saying that a June hike was now likely, meaning two hikes for the Norges Bank in the space of three months.” “We therefore adjust our forecast from a September hike to June, with no implication for the timing of future hikes.” “The clear signal for a June hike helps draw a line under recent NOK weakness. Larger concerns are likely to dominate, however, as investor attention remains focused on global trade and geopolitical tensions. Despite this, we think EURNOK may have peaked for this cycle and look for the cross to resume its grinding move lower.” 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 Italy’s PM Conte: European Commission’s forecasts on Italy are pessimistic FX Street 3 years TD Securities analysts point out that the Norges Bank followed up its March rate hike with a pause today. Key Quotes "The Governor fine-tuned his guidance of future hikes, bucking the dovish trend of his G10 counterparts in saying that a June hike was now likely, meaning two hikes for the Norges Bank in the space of three months." "We therefore adjust our forecast from a September hike to June, with no implication for the timing of future hikes." "The clear signal for a June hike helps draw a line under recent NOK weakness. Larger concerns are likely to dominate,… 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.
