XM does not provide services to residents of the United States of America.
U
U

USDNOK


News

Month-end FX rebalancing signals from bank models

BUZZ-COMMENT-Month-end FX rebalancing signals from bank models Nov 26 (Reuters) - Banks are starting to release their model driven month-end FX hedge rebalancing expectations and Deutsche Bank is signalling the potential for USD supply. The bank noted that post-election moves in US assets have generated some sizable rebalancing signals on the relative equity performance, with EURUSD demand and USDSEK and USDCHF supply the largest signals within their model.
A
C
D
E
E
N
U
U
U

The worst could be behind Norway's crown

BUZZ-COMMENT-The worst could be behind Norway's crown Nov 11 (Reuters) - The U.S. election dust is still settling and USD/NOK is maintaining a bid, but for Norway's crown the worst might now be behind it and there could be scope for USD/NOK and possibly more so for EUR/NOK to retrace some of the gains seen this year. USD/NOK could be the loose cannon for the remainder of 2024 as uncertainty over president-elect Donald Trump's policy changes keeps the dollar on the boil.
E
E
U

Lower oil could surprise FX markets

BUZZ-COMMENT-Lower oil could surprise FX markets Nov 11 (Reuters) - Lower oil could surprise FX markets where traders have prepared for the U.S interest rate to remain higher than was once expected and have bought many dollars in accord with this eventuality. Oil has dropped $20/bbl from April's peak and is threatening the highly influential 100-MMA at $69.96, which lies at the base of ranges that have held for over three and a half years Should prices drop convincingly below the 100-MMA, crude
E
G
U
U
U

EUR/NOK could test the lower end of its weekly range

BUZZ-COMMENT-EUR/NOK could test the lower end of its weekly range Nov 8 (Reuters) - Loss consolidation has been the theme for Norway's crown for the bulk of this year and the longer-term outlook might hold little promise but there could be potential for a recovery into the turn of the year. It has been a strong week for the crown versus the euro having negotiated central bank meetings, a presidential election, and a volatile oil price.
E
E
U

Norway keeps interest rate at 16-year high, says restrictive policy needed

UPDATE 4-Norway keeps interest rate at 16-year high, says restrictive policy needed Norges Bank keeps policy rate at 4.50% Rate remains at highest level since 2008 Policy on hold until year-end New rate projections due in December Inflation remains above target Adds governor quote, context and economist comment in paragraphs 5, 7, 10-11, updates currency By Terje Solsvik and Gwladys Fouche OSLO, Nov 7 (Reuters) - Norway's central bank held its policy interest rate unchanged at a 16-year high of
E
U

Time for the Norges Bank to relax its grip on the NOK

RPT-BUZZ-COMMENT-Time for the Norges Bank to relax its grip on the NOK Repeats with no changes Nov 7 (Reuters) - Norway's central bank holds an interim meeting today, and despite a sticky inflation rate there might be scope for the bank to relax its hawkish stance and, like the Riksbank, shift its focus away from the crown and lean more towards Norwegian growth.
E
E
U

Currencies jumpy, stocks stable with all eyes on US election

GLOBAL MARKETS-Currencies jumpy, stocks stable with all eyes on US election Dollar and bonds set to react to US vote China blue chips jump 2% on stimulus expectations USD/CNH implied volatility near record high Recasts, updates prices at 0845 GMT By Lawrence White LONDON, Nov 5 (Reuters) - Stocks were steady on Tuesday but implied volatility ratcheted up in currency markets in an early indication of the market frenzy to come, as the world awaits the outcome of a knife-edge U.S.
A
E
U
U
U
U
U
G
J
O
B
B

Time for the Norges Bank to relax its grip on the NOK

BUZZ-COMMENT-Time for the Norges Bank to relax its grip on the NOK Nov 5 (Reuters) - Norway's central bank holds an interim meeting on Thursday, and despite a sticky inflation rate there might be scope for the bank to relax its hawkish stance and, like the Riksbank, shift its focus away from the crown and lean more towards Norwegian growth. Weakness in the NOK since June has forced the Norges Bank to become a monetary policy outlier, maintaining a hawkish bias while other central banks have emba
E
E
U

China shares jump, dollar skittish with all eyes on US Election Day

GLOBAL MARKETS-China shares jump, dollar skittish with all eyes on US Election Day Dollar and bonds seen reacting to US vote China blue chips jump 2% on stimulus expectations USD/CNH implied volatility near record high Australia holds interest rates, as expected Updates prices to 0555 GMT By Tom Westbrook SINGAPORE, Nov 5 (Reuters) - An uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge, wh
A
E
U
U
U
U
G
J
O
B
B

Stocks, dollar on tenterhooks with all eyes on US Election Day

GLOBAL MARKETS-Stocks, dollar on tenterhooks with all eyes on US Election Day Dollar and bonds seen reacting to US vote Polls show tight race, keeping markets on edge USD/CNH implied volatility hits record high Australia holds interest rates, as expected Updates prices to 0340 GMT By Tom Westbrook SINGAPORE, Nov 5 (Reuters) - Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the co
A
E
U
U
U
U
G
J
O
B
B

Stocks, dollar on tenterhooks with all eyes on US Election Day

GLOBAL MARKETS-Stocks, dollar on tenterhooks with all eyes on US Election Day Dollar and bonds seen reacting to US vote Polls show tight race, keeping markets on edge USD/CNH implied volatility hits record high RBA decision awaited, focus on policy outlook By Tom Westbrook SINGAPORE, Nov 5 (Reuters) - Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge.
A
E
U
U
U
U
G
J
O
B
B

Norway rates to stay on hold for now, first cut seen in 2025

POLL-Norway rates to stay on hold for now, first cut seen in 2025 reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=NOINTR%3DECI poll data OSLO, Nov 4 (Reuters) - Norway's central bank is expected to keep its policy interest rate at a 16-year high this week as it battles above-target inflation and currency weakness, a Reuters poll of analysts showed on Monday.
U

Sustained oil drop may put USD under big pressure

BUZZ-COMMENT-Sustained oil drop may put USD under big pressure Oct 15 (Reuters) - A sustained drop in the price of oil which could lead U.S. interest rates down faster or further than currently expected could put the dollar under great pressure. There is good reason to expect oil to slide, as crude prices have been underpinned for several years mainly by restrictions to supply and producers are planning to increase output.
E
G
U
U
U

Norway's crown still too weak for the Norges Bank

BUZZ-COMMENT-Norway's crown still too weak for the Norges Bank Oct 10 (Reuters) - The latest inflation data out of Norway could trigger a downward revision to analyst rate path expectations but the crown remains too weak and taken in isolation could prevent the Norges Bank from adjusting its policy outlook. September core inflation fell to 3.1% year-on-year from 3.2% in August and compares favourably with the central bank's 3.3% estimate.
E
E
U

Norway's September core inflation lower than expected

UPDATE 2-Norway's September core inflation lower than expected Adds headline inflation, detail in paragraphs 3, 6, updates currency OSLO, Oct 10 (Reuters) - Norway's annual core inflation rate eased unexpectedly in September, Statistics Norway (SSB) data showed on Thursday, supporting the central bank's view that interest rates may start to decline in the early part of next year.
E
U

US recap: EUR/USD holds firm as oil slides, shares gain

BUZZ-COMMENT-US recap: EUR/USD holds firm as oil slides, shares gain Oct 8 (Reuters) - The dollar index was little changed Tuesday as U.S. shares surged amid slumping oil prices and lower Treasury 2-year yields ahead of consumer inflation data Thursday. The Norwegian krone lagged its G-10 counterparts as crude prices sank 4% after a Hezbollah leader signaled support for a negotiated ceasefire.
A
A
E
E
G
G
U
U
U

Charts flashing pullback risk for the Viking cross

BUZZ-COMMENT-Charts flashing pullback risk for the Viking cross Oct 8 (Reuters) - The NOK/SEK cross may have put in a top at 0.9758, Monday's high point, and the daily chart is indicating downside risk following a cloud breach failure. Long upper candlestick shadows combined with a false Ichimoku cloud break suggest the demand side of the cross has weakened and that a corrective pullback could take hold.
E
U
U

Dollar bears eye shifts in global yields, growth to play further weakness

ANALYSIS-Dollar bears eye shifts in global yields, growth to play further weakness Fed's rate cuts and global central banks' actions impact dollar's performance Economic data and U.S. presidential election add uncertainty to dollar's outlook Investors eye currencies like yen, krone, and real for potential gains Yen has rallied from 2024 lows as central bank policies diverge Still-strong U.S.
A
C
C
E
G
U
U

Dollar bears eye shifts in global yields, growth to play weakening US currency

ANALYSIS-Dollar bears eye shifts in global yields, growth to play weakening US currency Fed's rate cuts and global central banks' actions impact dollar's performance Economic data and U.S. presidential election add uncertainty to dollar's outlook Investors eye currencies like yen, krone, and real for potential gains Yen has rallied from 2024 lows as central bank policies diverge Still-strong U.S.
A
C
C
E
U
U

NOK remains too cheap for the Norges Bank

BUZZ-COMMENT-NOK remains too cheap for the Norges Bank Sept 30 (Reuters) - Despite forward guidance from Norway's Norges Bank suggesting the possibility of a rate cut in December, expectations are for a "no change" decision and the main reason will be the weakness of the crown. The NOK is too cheap and even with the central bank's hawkish stance EUR/NOK and NOK/SEK look poised to move further against the crown.
E
E
U



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.