Scandinavian Kroner Reaching Tipping Point vs. USD?
May 17, 2011 6:35 am by Greg HoldenLooking over the fundamentals tells the story of an ascendant Scandinavia in the currency world. The Swedish krona (SEK) and Norwegian krone (NOK) are among the globe’s highest yielding currencies from a fundamental standpoint. But why then does the technical ...
EUR/NOK Momentum Continues to the Downside
December 14, 2010 6:01 pm by Russell GlaserIn staying with the previous analysis, the EUR/NOK has broken below its rising intermediate trend line on the daily chart and continues to move lower towards its year low.
EUR/NOK Stands at Reflection Point
December 9, 2010 6:45 pm by Russell GlaserThe EUR/NOK looks to have a clear run lower should it breach its current rising trend line.
USD/NOK Short on Breach of Support Zone
December 9, 2010 2:45 pm by Russell GlaserThe USD/NOK shows a clear support zone that once broken may allow momentum to drop the pair back to its October low.
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 ...
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.
USD/NOK Hits the 6.6400 Resistance Level
May 25, 2010 4:08 pm by Yan PettersFor the past few months the Dollar rallied against most of its rivals. It's most notable rally was vs. the Euro, yet he strengthened against other major currencies such as the Pound and the Swiss Franc. The Scandinavian currencies are ...
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.
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 ...
