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8 Mar 2017

NOK stays bullish long term – Danske Bank

Sverre Holbek, Senior Analyst at Danske Bank sees the Norwegian Krone picking up pace in the next months.

Key Quotes

“In Norway, we got a strong Regional Network Survey on Tuesday, which indicated that the Norwegian economy is recovering from the oil shock”.

“EUR/NOK fell significantly after the release to 8.92, before closing slightly up at 8.94, a level which seems fair also according to our short-term financial models. In the long term, we remain bullish on the NOK and forecast the cross at 8.70 in 6M and 12M”.

 

 

Mar 8, 2017

GBP/USD downside limited? – UOB

FX Strategists at UOB Group noted Cable’s downside seems to have lost some steam for the time being. Key Quotes “The 1.2200 target that was first in
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Mar 8, 2017

Gold tumbles to 5-week low on March rate hike bets

Gold stretched its recent losing streak and weakened to hit a five-week low during early European session on Wednesday. Increasing likelihood that th
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