XM does not provide services to residents of the United States of America.
E
E

EURNOK

Trade Ideas

Traders Sentiment

Technical Summary

Hourly

News

Norway's crown likely to shrug off inflation drop

BUZZ-COMMENT-Norway's crown likely to shrug off inflation drop April 10 (Reuters) - Softer than expected Norway inflation numbers have jolted the NOK's bull run but the data is unlikely to alter the higher-for-longer rate stance at the Norges bank and, as such, the crown could quickly resume its push higher. March core inflation, at 4.5% yr/yr, was below the Reuters poll consensus and the central bank call of 4.7% yr/yr.
E
E
U

Norwegian crown is making its move

BUZZ-COMMENT-Norwegian crown is making its move April 8 (Reuters) - Technical and fundamental stars are aligned for the crown and a deeper drop in EUR/NOK is on the cards. Last week's EUR/NOK rejection at a weekly resistance line has led to a pullback from 11.7840, a high since December, to levels under 11.60. The EUR has already staged a minimum correction of the 11.1360-11.7840 climb and the next Fibonacci retracement level of that move, 38.2%, is at 11.5365. Major support is at 11.5635, the w
E
E
U

Norges Bank's stance to underpin the crown

BUZZ-COMMENT-Norges Bank's stance to underpin the crown Mar 21 (Reuters) - Norges Bank kept to its December script with only a slight revision to its interest rate path at the March meeting. The crown has subsequently moved higher and should continue to draw strength from the central bank's stance. Norway's key rate was held at 4.5% as expected and the indication is that the first rate cut will not be seen before December 2024 .
E
E
U

Norway's central bank governor eyes September rate cut

Norway's central bank governor eyes September rate cut OSLO, March 21 (Reuters) - The Norwegian central bank's rate path indicates that a first rate cut could come in September, Governor Ida Wolden Bache told a press conference on Thursday. Reporting by Terje Solsvik, editing by Gwladys Fouche
E
U

Inflation drop unlikely to alter Norges Bank's stance

BUZZ-COMMENT-Inflation drop unlikely to alter Norges Bank's stance Mar 11 (Reuters) - Norway inflation numbers for February were clear below the Norges Bank's estimates and below the Reuters poll consensus but are unlikely to alter the central bank's position. February core consumer prices rose 4.9% yr/yr versus a 5.3% increase in January. The Norges Bank had forecast a 5.5% return while the Reuters poll had pointed to an unchanged 5.3% rise.
E
E
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.