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!
Why trade with FOREX.com?
Tight spreads from 0.5 pts on FX and 1 pt on indices.
Award-winning platforms with fast and secure execution.
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.
Japanese yen analysis: $USDJPY breaks out despite bearish seasonality - see why this week's rally is particularly significant (hint: it's related to fiscal year-end in Japan)! 👇👇 https://t.co/ap6JD3Q9B3 https://t.co/dAzeZ0FsWa
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.