Kroner Gains on Euro-Zone as Volcanic Ash Disrupts Region
April 22, 2010 8:51 am by Greg HoldenFollowing a boost to the Scandinavian Kroner against the US Dollar, it appears that the greenback has undergone another short-term surge and has regained the upper hand against these currencies. The Danish Krone in particular has continued to decline against ...
Despite Greece Bailout, Scandinavian Currencies Outperform EUR
February 9, 2010 10:23 pm by Greg HoldenGiven the flurry of news surrounding Greece debt concerns, the EUR has surprised many with bullishness following the speculation of a Euro-Zone bailout of Greece, despite Germany's reluctance to acknowledge such an effort. While the 16-nation currency gained against its ...
EUR/NOK Downtrend Might be Near the End
January 4, 2010 5:30 pm by Anton Eljwizat• The Chart below is the 4-hour chart for EUR/NOK by ForexYard. • The technical indicators used are the Slow Stochastic, Relative Strength Index (RSI) and Williams Percent Range.
Swedish and Norwegian Kroner in Position to Gain Big!
December 29, 2009 11:00 am by Greg HoldenHeadline news this week seems to be the expectation of a vastly improving Swedish Krona. Analysts and investors from large firms such as UBS AG, UniCredit SpA, Danske Bank A/S, and Deutsche Bank AG all suggest going bullish on the ...
EUR/NOK Expected to Go Bullish
November 17, 2009 3:10 pm by Anton Eljwizat• The chart below is the 4-hour EUR/NOK chart by ForexYard. • The technical indicators used are the Slow Stochastic, MACD, and Williams Percent Range.
Scandinavian Economies Leading Europe out of Recession?
November 10, 2009 12:14 pm by Greg HoldenFollowing last week's employment data from the United States it appears as if the US Dollar has entered a free-fall and many other global currencies are reaping the benefits. The Scandinavian currencies have largely entered bullish trends against the greenback, ...
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 ...
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 ...
Scandinavian Currencies Continue to Benefit from Falling USD
October 20, 2009 4:41 pm by Greg HoldenThe biggest trend in the market now is the falling US Dollar. The Scandinavian currencies have all continued their bullish run against the greenback, along with many other global currencies. The Swedish central bank has been heralded as a champion ...
NOK Still Bullish; Swedbank Threatened by Latvian Mortgage Program
October 13, 2009 1:06 pm by Greg HoldenOnce again the Baltic States emerged as a threat to one of Sweden's largest banks. With a program to reduce mortgage liabilities, Latvia is putting much attention on the exposure which banks like Swedbank have to the Baltic region. Swedbank ...
