All Eyes on Norges Bank Policy Meeting
May 4, 2010 2:19 pm by Natalie R.Norwegian central bank will meet tomorrow, May 5th, to decide whether to raise interest rates to 2.00% or leave them on hold at 1.75%. Investors are split regarding the prospects of either scenario.
Scandinavian Kroner Set for Downward Correction vs. EUR?
January 12, 2010 10:53 am by Greg HoldenThe Norwegian Krone has continued its bull run against the Euro. Hitting fresh multi-week highs against the 16-nation currency, the NOK currently trades near 8.1550 versus the EUR. While the US Dollar made hefty gains versus the NOK in recent ...
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 ...
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 ...
Sweden Experiencing Optimism; Energy Prices Assisting NOK
July 21, 2009 9:49 am by Greg HoldenThe Swedish Krona's recent rebound, some might say, could be attributed to the sudden downturn in the world's primary safe-haven, the US Dollar. On the other hand, Swedish investors appear to be posting improved results for their investments and exports ...
