- Analytics
- News and Tools
- Market News
- EUR/NOK: Upward sloping profile for Krone in the coming months – Danske Bank
EUR/NOK: Upward sloping profile for Krone in the coming months – Danske Bank
August has marked a significant setback to NOK. Economists at Danske Bank analyze Krone’s outlook.
Favouring the topside for the rest of this year
The supply side of energy markets is tight. This has been an important pillar in our long-term bullish view on NOK. Meanwhile, with the global growth slowdown continuously postponed (not cancelled) we think our bullish call on NOK may take considerably longer to play out than previously envisioned.
Consequently, we lift the longer-end of our forecast profile. We maintain an upward sloping profile for EUR/NOK in the coming months before we pencil in a move lower on both EUR weakness and the NOK making a comeback.
Forecast: 11.80 (1M), 11.80 (3M), 11.60 (6M), 11.20 (12M)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
