External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

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FX & Rates

<ul><li>Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in March.</li><li>This was as expected and we believe that NOK sales will remain broadly the same, as the Government is expected to have a larger (petroleum) income than the budget deficit.</li><li>Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main driving factor of NOK.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in March.This was as expected and we believe that NOK sales will remain broadly the same, as the Government is expected to have a larger (petroleum) income than the budget deficit.Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main driving factor of NOK.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in February.</li><li>This was broadly as expected, although we wouldn’t be surprised if the NOK sales were increased a bit today.</li><li>After the large reduction of NOK sales from the new year, Norges Bank NOK sales will likely remain broadly the same throughout 2024 as the Government is expected to have a larger (petroleum) income than the budget deficit.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in February.This was broadly as expected, although we wouldn’t be surprised if the NOK sales were increased a bit today.After the large reduction of NOK sales from the new year, Norges Bank NOK sales will likely remain broadly the same throughout 2024 as the Government is expected to have a larger (petroleum) income than the budget deficit.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Norges Bank was the first and is now the last hawk amongst G10 central banks in this hiking cycle.</li><li>With a Fed and ECB pivot in sight, Norges Bank will need to keep rates higher for longer due to higher and more pronounced price pressures in the Norwegian economy than in the US and Europe.</li><li>The central bank needs a stronger NOK to bring the price pressure under control.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Norges Bank was the first and is now the last hawk amongst G10 central banks in this hiking cycle.With a Fed and ECB pivot in sight, Norges Bank will need to keep rates higher for longer due to higher and more pronounced price pressures in the Norwegian economy than in the US and Europe.The central bank needs a stronger NOK to bring the price pressure under control.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NOK Update: Norges Bank Wants the NOK to Fly High

<ul><li>Norges Bank just announced that they will keep the daily NOK sales unchanged at 1400 million per day in December (sales of 1400 million NOK per day up to and including 15 December).</li><li>This was what we expected as the most likely outcome beforehand, although we wouldn’t be surprised if the NOK sales were reduced a tad today.</li><li>That said, we believe that a larger cut in NOK sales will be announced on the 29 of December.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Norges Bank just announced that they will keep the daily NOK sales unchanged at 1400 million per day in December (sales of 1400 million NOK per day up to and including 15 December).This was what we expected as the most likely outcome beforehand, although we wouldn’t be surprised if the NOK sales were reduced a tad today.That said, we believe that a larger cut in NOK sales will be announced on the 29 of December.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>EURNOK is now trading just below 11.80, down from a peak at 11.96 yesterday. USDNOK has fallen to 10.86 from 11.15.</li><li>The larger decline in USDNOK compared to EURNOK needs to be seen in light of a broad USD weakening, with EURUSD up from 1.07 to around 1.085.</li><li>The massive NOK rally happened after the publishing of the US CPI figures, with core inflation falling from 4.1% y/y down to 4% while consensus was for no decline. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

EURNOK is now trading just below 11.80, down from a peak at 11.96 yesterday. USDNOK has fallen to 10.86 from 11.15.The larger decline in USDNOK compared to EURNOK needs to be seen in light of a broad USD weakening, with EURUSD up from 1.07 to around 1.085.The massive NOK rally happened after the publishing of the US CPI figures, with core inflation falling from 4.1% y/y down to 4% while consensus was for no decline. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NOK Update: Huge Relief Rally but Will It Be Sustained?

Norway

The Norwegian krone is the official currency of the Kingdom of Norway.  The US dollar is the official currency of the United States of America.

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NOK (USDNOK CURNCY)

NOK Update: Sideways for now

Today’s announcement did not move the NOK which confirms that NOK sales have moved into the background.Lately, interest rates have been the main...

Nordea

NOK Update: Monetary Policy Is Key

Norges Bank just announced that they will keep the daily NOK sales unchanged at 350 million per day in February. This was broadly as expected,...

Nordea

NOK Update: Norges Bank Wants the NOK to Fly High

We also expect NOK sales on behalf of the Government to be halved next year, starting from January. This should also support the NOK ahead.

Nordea

NOK Update: Ending at a high

Norges Bank just announced that they will keep the daily NOK sales unchanged at 1400 million per day in December (sales of 1400 million NOK per day...

Nordea

NOK Update: Huge Relief Rally but Will It Be Sustained?

The massive NOK rally happened after the publishing of the US CPI figures, with core inflation falling from 4.1% y/y down to 4% while consensus was...

Nordea

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