USD/NOK: Norwegian Krone has become deeply undervalued – MUFG
05.05.2023, 19:36

USD/NOK: Norwegian Krone has become deeply undervalued – MUFG

Analysts at MUFG Bank point out the Norwegian Krone could rebound after a heavy sell-off. They have a trade idea of shorting USD/NOK at 10.620, with a target at 10.150. 

Key Quotes: 

“The NOK has become deeply undervalued and out of line with short-term fundamental drivers such as the price of oil, investor risk sentiment and yield spreads. The Norges Bank has signalled greater sensitivity to NOK weakness at this week’s policy meeting. If NOK weakness persists, it will encourage the Norges Bank to hike rates further than planned. The Norges Bank is already planning to keep hiking rates in June while we are more confident that the Fed has reached the end of their hiking cycle after this week’s FOMC meeting.”

“The ongoing loss of confidence in US regional banks and US debt ceiling stand-off should deter the Fed from further hikes in the coming months. Yield differentials between Norway and the US should narrow further weighing down on USD/NOK.”

“The main risk to our trade idea is that our timing could be too early to establish NOK longs in anticipation of a more sustained rebound.”

“With the USD having peaked out more broadly, we expect the October high for USD/NOK at around the 11.000-level to hold.”
 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik