Positive Data Causes the Kroner to Move Up against Dollar
January 4, 2011 11:14 am by Dan EduardAs we start off the new year, we see that the Scandinavian kroner continues to make gains against the US dollar as positive fundamental indicators have boosted confidence in the global economic recovery. While the Scandinavian currencies have also ...
USD/NOK Due For Bullish Reversal
December 28, 2010 2:30 pm by Dan EduardOver the last week, the USD/NOK has experienced a substantial bearish trend. While the pair has fallen over 1000 pips in that time, technical indicators are now showing that an upward correction may occur in the very near future. ...
Irish Debt Crisis Leads to Big Gains for Krona
December 21, 2010 2:39 pm by Dan EduardInvestor fears that the euro-zone will be unable to successfully combat the Irish debt crisis have caused the euro to tumble against all of its main currency rivals, including the Scandinavian kroner. While the ECB has laid out a ...
EUR Likely to See Upward Movement Against NOK
December 7, 2010 7:12 pm by Dan EduardBeginning just over a week ago, the euro entered a bearish trend against the Norwegian krone. While the EUR/NOK pair has tumbled over 1800 pips since the 29th of November, there is considerable technical evidence that an upward correction ...
Scandinavian Kroner Continues to Make Gains on Dollar and Euro
December 7, 2010 5:53 pm by Dan EduardThe Scandinavian kroner saw an overwhelmingly positive week, as the combination of poor US employment data and euro-zone debt worries drove up the currencies. The latest US Non-Farm Employment Change figure, which came in well below expectations when it ...
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 Denmarkâs and subsequently dampen demand for the Danish krone (DKK). Despite their dependence on euro zone credit, Ireland, Greece, and Portugal may find themselves ...
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 ...
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 ...
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 ...
