The Norway Krone showed a nice pullback in the past three weeks. It hit a low of 10.44 and is currently trading around 10.59.
The policy divergence between the Fed and Norges Bank puts higher pressure on the US dollar.
Norges Bank monetary policy-
Norges Bank has kept its rates unchanged at 16 -16-year high of 4.50%. The forward guidance indicates that the central bank ““will likely be kept at the current level for some time”. It said the bank is open for a rate hike or rate cut as early as possible depending on inflation.
Inflation-
Norway's2 headline inflation slowed down to 2.8% and core inflation declined to 3.1%, well below the central bank forecast of 3.9% and 3.7% for Q3.
Economic growth-
Norway's Mainland GDP grew by 0.10% in the second quarter, below expectations of 0.20%.
The weakness in Norway Krone preventing the central bank from cutting rates.
Major resistance- 12.20
Near-term resistance - 11.30
Minor support- 10.40, 10
Trend reversal level- 8
It is good to buy on dips around 10 with SL around 9.50 for a TP 11.30.


Urban studies: Doing research when every city is different
US Gas Market Poised for Supercycle: Bernstein Analysts
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Stock Futures Dip as Investors Await Key Payrolls Data
2025 Market Outlook: Key January Events to Watch
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 



