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EURNOK

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Reuters - 1 week ago

Stand-out FX option strike expiries for the week ahead

BUZZ-COMMENT-Stand-out FX option strike expiries for the week ahead June 28 (Reuters) - The cash hedging of soon-to-expire FX option strikes can have a magnetic effect on FX price action and add to nearby support/resistance. There are some huge strikes worth noting for Friday June 28 and larger strikes for the week ahead. Stand-out EUR/USD strikes expiring on Monday are at 1.0685 on 1.3 billion euros and at 1.0700 on 2.6 billion euros.
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Reuters - 2 weeks ago

Norway's crown set for new 2024 highs

BUZZ-COMMENT-Norway's crown set for new 2024 highs June 20 (Reuters) - Thursday's Norges Bank rate decision has done little to alter the NOK's bullish trajectory, indeed the hawkish hold may have set in motion a run to new 2024 highs for the crown. The central bank's new rate path sees the benchmark unchanged at 4.5% for the remainder of the year.
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Reuters - 2 weeks ago

Norway central bank chief eyes 75 basis point rate reduction in 2025

Norway central bank chief eyes 75 basis point rate reduction in 2025 OSLO, June 20 (Reuters) - The Norwegian central bank's latest monetary policy projections indicate that the key policy rate will be cut by a total of 0.75 percentage point in 2025, Norges Bank Governor Ida Wolden Bache told public broadcaster NRK on Thursday. The central bank held
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Reuters - 2 weeks ago

Fundamentals, technicals offer support to NOK

RPT-BUZZ-COMMENT-Fundamentals, technicals offer support to NOK Repeats with no changes June 18 (Reuters) - A key week for the crown with the Norges Bank's latest policy view due today. Expectations of a hawkish hold coupled with potential for a bullish technical pattern playing out bode well for the NOK. A pattern of falling tops on the weekly chart suggests EUR/NOK could go much lower.
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Reuters - 3 weeks ago

Fundamentals, technicals offer support to NOK

BUZZ-COMMENT-Fundamentals, technicals offer support to NOK June 18 (Reuters) - A key week for the crown with the Norges Bank's latest policy view due Thursday. Expectations of a hawkish hold coupled with potential for a bullish technical pattern playing out bode well for the NOK. A pattern of falling tops on the weekly chart suggests EUR/NOK could go much lower.
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Reuters - 4 weeks ago

Norway inflation still too high and NOK still too weak

BUZZ-COMMENT-Norway inflation still too high and NOK still too weak June 10 (Reuters) - Norwegian inflation is falling and the crown is off its lows but those looking for a Norges Bank rate cut this year are likely to be disappointed. Norway's fundamental backdrop argues the case for steady monetary policy with rate cuts only likely to be seen in 2025 and even then, the scope for rate moves could be limited.
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Reuters - 2 months ago

Norway inflation eases but don't expect rate cuts

BUZZ-COMMENT-Norway inflation eases but don't expect rate cuts May 10 (Reuters) - Norwegian April inflation numbers are softer then the Norges Bank expected but there remains a wide margin over the central bank's 2.0% target and, as such, rate cuts are unlikely this year. Core CPI at 4.4% year-on-year is below the Norges Bank's 4.5% estimate but above the Reuters consensus forecast of 4.3%.
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Reuters - 2 months ago

Norway central bank keeps countercyclical buffer unchanged

Norway central bank keeps countercyclical buffer unchanged OSLO, May 8 (Reuters) - Norway's central bank kept the countercyclical capital buffer rate unchanged at 2.5% on Wednesday and said it was important to maintain the resilience of the country's financial system. Reporting by Terje Solsvik, editing by Anna Ringstrom
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Reuters - 2 months ago

Norway's government appoint new central bank board members

Norway's government appoint new central bank board members COPENHAGEN, May 3 (Reuters) - Norway's government on Friday said it had appointed Thomas Ekeli and Ragnhild Janbu Fresvik to the board of the central bank. Reporting by Louise Rasmussen, editing by Terje Solsvik
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Reuters - 2 months ago

Viking cross could prove attractive for NOK bulls

BUZZ-COMMENT-Viking cross could prove attractive for NOK bulls May 3 (Reuters) - A better look to the Norwegian crown Friday, helped by a steady Norges Bank hand and expectations of a Riksbank rate cut, has made the divergence play versus the SEK more attractive. The only surprise from today's Norges Bank rate decision and accompanying rhetoric was the degree of hawkishness and the higher for longer hints, pointing to rates being held beyond September.
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Reuters - 3 months ago

Norway's crown likely to shrug off inflation drop

BUZZ-COMMENT-Norway's crown likely to shrug off inflation drop April 10 (Reuters) - Softer than expected Norway inflation numbers have jolted the NOK's bull run but the data is unlikely to alter the higher-for-longer rate stance at the Norges bank and, as such, the crown could quickly resume its push higher. March core inflation, at 4.5% yr/yr, was below the Reuters poll consensus and the central bank call of 4.7% yr/yr.
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Reuters - 3 months ago

Norwegian crown is making its move

BUZZ-COMMENT-Norwegian crown is making its move April 8 (Reuters) - Technical and fundamental stars are aligned for the crown and a deeper drop in EUR/NOK is on the cards. Last week's EUR/NOK rejection at a weekly resistance line has led to a pullback from 11.7840, a high since December, to levels under 11.60. The EUR has already staged a minimum correction of the 11.1360-11.7840 climb and the next Fibonacci retracement level of that move, 38.2%, is at 11.5365. Major support is at 11.5635, the w
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