Danish Krone Bearish after Moody’s Downgrade
February 22, 2011 11:30 am by Greg HoldenLast week’s downgrade of five top-listed Danish banks by Moody’s Investor Services has put moderate sell pressure on the krone (DKK).
Bullish on the USD/DKK
June 23, 2010 12:29 pm by Russell GlaserThe USD/DKK daily chart below displays an increasing bullish trend with a major and a minor trend line. The slope for the second trend line is greater than the first and signals that the trend is increasing in its speed. ...
USD/DKK Offers Trading Education Opportunity
April 6, 2010 3:30 pm by Greg HoldenGiven the thin trading conditions currently in the market, the Danish Krone appears to be offering a good opportunity to learn a good lesson about reading technical analysis. The chart displayed below is the 4-hour chart of the USD/DKK currency ...
Scandinavian Kroner Advancing Amid Regional Turmoil
March 17, 2010 12:33 pm by Greg HoldenThe Scandinavian currencies all seem to be gaining ground on their European and American counterparts. The Swedish Krona may be the exception, however. Although the SEK has made substantial gains versus the US Dollar, it has continued to struggle against ...
Scandinavian Kroner Fall from Last Week’s Highs
November 3, 2009 12:45 pm by Greg HoldenIt seems last week's rise in Norwegian interest rates had the expected effect of raising the value of the NOK in the short run. However, cautionary statements about decreased growth resulting from a strong Kroner helped push the currency back ...
Sweden and Norway Offer Fast-Recovery as a Main Attraction
September 30, 2009 4:35 pm by Greg HoldenRecent studies have shown that the Swedish and Norwegian Kroner are 2 of the currencies which have gained the most ground on the US Dollar since the end of June. Talks at the G20 Summit have speculated an anticipated rate ...
SEK Weakens, but Bullishness on the Horizon
September 1, 2009 12:53 pm by Greg HoldenIt appears as if the Swedish Krona has been on a downtrend against the US Dollar since August 24th, raising questions about the recent claims of recovery in Sweden. An observer might note that the trend of the USD/SEK is ...
Scandinavian Currencies Begin Descent on Unsteady Equities
August 25, 2009 10:46 am by Greg HoldenThe steady rise of the Scandinavian currencies over the past 2 weeks has experienced its first threat. Incremental decreases to risk appetite over the last week have had the effect of pushing world stocks up and down sporadically. This volatility ...
Kroners Paring Losses after Downturn
August 11, 2009 12:19 pm by Greg HoldenFollowing last week's surge in USD purchases, the Scandinavian currencies appear to be on the rebound from their latest downturn. Being labeled as two of the most underperforming currencies against the Dollar's spike, the SEK and NOK both appeared shaken ...
Krone Rally Highlights Growth in Scandinavia
July 28, 2009 10:28 am by Greg HoldenThe Scandinavian currencies have experienced a strong bullish rally over the past week due to the sudden drop in the demand for the USD safe-haven. Last week's housing data in the United States has convinced many investors that the worst ...
