Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Technical Analysis

The NOK depreciation sequence started in September 2017 is not over yet.EURNOK and USDNOK are both approaching from new significant support levels with bottomish indicators, advocating for a 3.5/5.00% depreciation move. Preference for EURNOK to rise considering EURUSD midterm bullish outlook.EURNOK volatility 1-month expected to pick up above 7% towards 9%.NOK also expected to underperform in the midterm against SEK, with NOKSEK anticipated lower below 1.0350 towards 1.0050/0.9850.Therefore…

The NOK depreciation sequence started in September 2017 is not over yet.EURNOK and USDNOK are both approaching from new significant support levels with bottomish indicators, advocating for a 3.5/5.00% depreciation move. Preference for EURNOK to rise considering EURUSD midterm bullish outlook.EURNOK volatility 1-month expected to pick up above 7% towards 9%.NOK also expected to underperform in the midterm against SEK, with NOKSEK anticipated lower below 1.0350 towards 1.0050/0.9850.Therefore…

Euro

NOK Depreciation Not over Yet