SEK, NOK Losing Momentum from Monetary Policy Statements
November 2, 2010 9:16 pm by Greg HoldenScandinavian interest rate decisions have been affecting the SEK and NOK heavily these past few trading days. Sweden decided to lift interest rates by 25 base points last Tuesday, following a fiery speech by the deputy governor of the Riksbank ...
Both NOK and DKK Continue to Fall Against Main Currency Rivals
October 12, 2010 4:16 pm by Dan EduardSweden continues to be one of the major success stories in European economics. Recently, comments from the Swedish Central Bank signaled a possible rise in interest rates in the near future. This led to fairly significant gains for ...
USD May Bounce Back Vs. Danish Counterpart
September 27, 2010 1:23 pm by Dan EduardOver the last two weeks, the US dollar has been dropping at a steady rate against the Danish krone. Since the 12th of September, the USD/DKK pair has fallen almost 3500 pips, to its current level of 5.5375. ...
Scandinavian Currencies See Major Gains vs. Safe-Haven Dollar
September 27, 2010 1:15 pm by Dan EduardFollowing last week's Swedish parliamentary elections, the Swedish krona continues to make gains against its US counterpart. While the elections initially caused some investor concern regarding the stability of the Swedish government, the krona has managed to maintain its ...
SEK Moves Up Following Swedish Elections
September 20, 2010 2:58 pm by Dan EduardFollowing an election day shakeup in Sweden, in which the Prime Minister's party failed to secure the necessary votes to form a parliamentary majority, the Swedish krona was able to make modest gains against both the US dollar and euro. ...
USD/DKK May Finally Be Set For a Downward Correction
August 23, 2010 12:00 pm by Dan EduardThe U.S. dollar has steadily been making gains against the Danish krone since the first week of August. In the last 3 weeks or so, the pair has gone up around 2600 pips. As we will illustrate through ...
Scandinavian Kroner May See Bullish Movement Against USD
August 23, 2010 11:52 am by Dan EduardToward the end of last week, the Scandinavian currencies were down substantially vs. their U.S. counterpart. Negative economic indicators out of the U.S. dampened investor confidence in the global economic recovery, leading to losses for riskier currencies like the ...
USD/DKK Set to Resume Bearish Trend
August 17, 2010 5:03 pm by Dan EduardSince the beginning of June, USD/DKK has been experiencing a prolonged downward trend. It appeared that the pair was on its way to correcting itself several days ago. As will be shown through a variety of technical indicators, we ...
USD/DKK Reversal in the Works
August 13, 2010 9:51 am by Anton EljwizatA bullish move in the USD/DKK cross hasn’t received much support as of late. Below, I will demonstrate that the USD/DKK pair has already commenced a downward trend for today, and the cross may tumble another 200-300 pips during the ...
USD/DKK Could See Bearish Move Soon
May 11, 2010 12:30 pm by Dan EduardUSD/DKK recently saw a fairly significant bullish correction occur, jumping from 5.7077 to 5.8650 in just over 24 hours. As will be shown through a number of technical indicators, that bullish sentiment may prove to be short-lived as a ...
