Stockholm or Bust: Sweden’s Powerhouse Economy
March 8, 2011 11:00 am by Greg HoldenA variety of articles have analyzed the rising strength of the Swedish krona (SEK) to point of exhaustion. A key aspect emphasized, though – as is usual in this global economic environment – is caution. But is caution warranted when ...
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.
Swedish Krona Reaches 10-yr High vs. EUR
February 1, 2011 11:30 am by Greg HoldenThe Swedish economy has been outperforming many of its regional neighbors over the past few years and traders are beginning to see a signal that its currency is breaking barriers.
NOK Vulnerable to European Debt Concerns
November 16, 2010 10:29 am by Greg HoldenThe pressure being placed on Ireland to accept a bailout of its financial institutions has been weighing on risk appetite throughout the region. Traders appear weary of taking on too much risk, which has pulled funds away from the higher ...
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 ...
USD/SEK at 2-Yr Low after Fiery Speech from Riksbank
October 20, 2010 6:57 am by Greg HoldenThe Swedish krona has undergone one of its strongest rallies in recent memory these past few days after the Riksbank Deputy Governor Barbro Wickman-Parak delivered a hawkish statement last Thursday. The SEK climbed to a 2-year high against the US ...
Norway Holds Interest Rates Steady; NOK Sees Muted Gains
August 17, 2010 12:22 pm by Greg HoldenNorway’s central bank decided to leave interest rates unchanged last week, a decision which was broadly anticipated. Comments from Norges Bank Governor Svein Gjedrem seem to suggest that Norway’s economic growth and inflationary figures are on track with what they ...
Time to Buy the Norwegian Kroner (NOK)?
July 13, 2010 1:50 pm by Greg HoldenA clear descending triangle pattern has developed on the daily chart of the USD/NOK and many analysts are now expecting a bearish breakout in the coming days. A descending triangle formation historically represents a bearish signal.
Swedish Kroner Due for Reversal against USD?
May 24, 2010 5:26 pm by Greg HoldenThe US Dollar's recent resurgence has caused a stir across a number of markets, but the subsequent rumblings are not unexpected. Any time investors see a sharp movement by any currency there is an understanding that a correction is in ...
