Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
23 Jan 2020

EUR/NOK eases from 2020 tops around 9.9800

  • EUR/NOK fades the earlier uptick to 9.98.
  • The Norges Bank kept rates on hold, as expected.
  • NOK rebounds a tad from yearly lows.

The selling bias in the Norwegian Krone has lifted EUR/NOK to fresh yearly highs earlier in the session to the 9.9800  neighbourhood, where it seems to have met some decent resistance.

EUR/NOK higher post-Norges Bank

NOK eased some ground during early trade after the Norges Bank left unchanged the policy rate at 1.50% at Thursday’s meeting, broadly in line with market expectations.

There was no news from the statement from the Scandinavian central bank, which is expected to keep rates on hold for the foreseeable future (2020?). The statement showed the Committee mainly keeps the views from the December report.

In fact, the Nordic bank sees uncertainties overseas to have ebbed somewhat in past weeks, inflation keeps running near the bank’s goal and capacity utilization remains above the normal level. However, the idea that the economy is nearing a cycle peak looks to be generating some noise among board members.

EUR/NOK significant levels

As of writing the cross is losing 0.02% at 9.9590 and a breach of 9.8947 (2020 low Jan.7) would expose 9.8817 (21-day SMA) and finally 9.8154 (2020 low Jan.7). On the upside, the next resistance lines up at 9.9795 (2020 high Jan.23) followed by 10.0174 (100-day SMA) and then 10.2134 (monthly high Dec.4 2019).

Jan 23, 2020

France's La Maire: Reached agreement with US on basis for discussions on digital tax

While speaking at the World Economic Forum in the Swiss resort of Davos, French Finance Minister Bruno Le Maire said that they reached an agreement wi
Read more Previous
Jan 23, 2020

USD/INR Price Analysis: Bulls eyeing a move beyond 100-DMA hurdle, around 71.30

The USD/INR cross regained some positive traction on Thursday, with bulls making a fresh attempt to build on the momentum beyond the 71.30 region – 10
Read more Next