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).
NOK Lower as Crude Oil Prices Plummet
February 8, 2011 12:43 pm by Greg HoldenAmid the mixed results of the US dollar against most of its currency rivals, the Scandinavian kroner have actually given up ground versus their American currency counterpart.
Denmark May Raise Rates; Swedish Krona in Decline
November 9, 2010 9:59 pm by Greg HoldenThe liquidity exit of the European Central Bank (ECB) may soon drive regional rates higher than Denmark’s and subsequently dampen demand for the Danish krone (DKK). Despite their dependence on euro zone credit, Ireland, Greece, and Portugal may find themselves ...
EUR/SEK Indicators Giving Off Buy Signals?
April 13, 2010 11:28 am by Greg HoldenThe announcement of a bailout for Greece has put the EUR into a strong uptrend against all of its primary currency rivals. As a result, we've seen the Scandinavian currencies also dropping against this rising strength, but in a slightly ...
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 ...
Swedish GDP Shows a Return to Recession in Q4
March 3, 2010 11:15 am by Greg HoldenFollowing the release of Sweden's recessionary data, the Swedish Krona (SEK) took a sharp dive against its primary counterparts. The data revealed that Sweden actually slipped back into recession during the fourth quarter of 2009.
Greek Debt Crisis Causes Kroner to Gain on Euro
February 16, 2010 9:46 pm by Dan EduardFollowing a significant drop against the Euro late last week, the Scandinavian Kroner appears to have rebounded as of late. The Chinese decision to raise reserve requirements at its banks initially led to risk aversion among investors, causing a sell ...
Norway to Raise Interest Rates; Kroner Due for Upward Correction
October 27, 2009 2:26 pm by Greg HoldenIt appears Norway is preparing to be the first European country to raise its benchmark interest rates during its rate statement announcement tomorrow morning. With rising oil prices assisting with the Norwegian economic recovery, Norway was able to emerge from ...
Denmark Under Pressure to Swap DKK for EUR
October 6, 2009 10:23 am by Greg HoldenLast week's surprising employment data from the United States had 2 Scandinavian currencies moderately depreciating versus the greenback and euro until the start of this week. The Swedish and Danish Krona both hit a near-1-month low against the Dollar last ...
