USD/NOK: Rate cut surprise fades as crude calls the shots
Norges Bank cut earlier than expected, but the krone barely blinked. With USD/NOK still tracking oil and risk sentiment more than rates, geopolitical headlines remain the dominant driver.
Norges Bank
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
EUR/NOK running higher as ECB members remain hawkish
Despite the NorgesBank saying that it will hike rates 25bps at in March, the ECB has pre-committed to increasing rates by 50bps and says that there is more to come.
Norges Bank pumps the brakes on interest rate hikes
The Norges Bank left rates unchanged, however said that it expects to hike rates at the March meeting.
Norges Bank hikes 50bps; more to come?
If inflation continues to increase in Norway, expect that the Norges Bank will continue to hike rates!
Norges Bank surprises and hikes 50bps
Concerns of a rising inflation with a tight labor market were the reasons for the greater magnitude in the hike.
USD/NOK getting knocked around
There are many variables in play this week which already have USD/NOK up 1.5% this week.
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex, commodity futures, or digital assets, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to FOREX.com or GAIN Capital refer to StoneX Group Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.