Norway: EUR/NOK shorts, NOK/SEK possible buy – Nordea
|Analysts at Nordea recommend to open shorts in the EUR/NOK pair which is currently sitting at 10.1304 while they see the NOK/SEK pair as an opportunity to buy at the price of 1.0420 right now.
Key quotes
“We still think it makes sense to put on EUR/NOK shorts around current levels.”
“NOK/SEK does look heavy though, with important support in the 1.03-1.0320 area. Looking at relative surprise indices NOK/SEK might even be heading further down. We suspect that the pair will be a nice buy around here for those of a slightly longer-term persuasion, though we’d prefer a EUR/NOK short if we were forced to choose.”
“Our short CAD/NOK position has been stopped out (@ 7.00)”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.