OctaFX | OctaFX Forex Broker
Open trading account
Back

NOK: Taking a breath after the sell-off - ING

In line with SEK, analysts at ING expect NOK to stabilize following the sell-off over the previous weeks.  

Key Quotes

“We don’t expect this month’s highs of EUR/NOK 9.8000 to be breached. Given the NOK’s weakness, we see scope for somewhat more hawkish NB meeting later in December, providing some caution NOK.”

“On the data front, we except Nov Manufacturing PMI (Fri) to rise again, mirroring the strong PMIs in the EZ. Oct retail sales (Thu) should increase while the unemployment rate (Fri) should remain at 2.4%. All this should provide some marginal support to NOK.”

Eurozone: Inflation benign and political risks - Westpac

Analysts at Westpac explain that Eurozone surveys persistently suggest that regional activity is rising, but expectations (shifted 2Q’s vs confidence
Read more Previous

UK: Economy guided by political vulnerability, uncertainty and Brexit - Westpac

BoE forecast merely two 25bp rate rises until late 2020 after their dovish hike and Brexit costs, political fragility and less fiscal room at the 22nd
Read more Next
Start livechat