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FxWirePro: EUR/NOK unexpectedly spikes up to 9.78 mark after Norway’s CPI, GDP data

  • EUR/NOK is currently trading at 9.7580 levels.
     
  • It made intraday high at 9.7836 and low at 9.6824 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.7025 marks.
     
  • A sustained break below 9.7025 will test key supports at 9.6647, 9.6447, 9.6395 and 9.6011 levels respectively.
     
  • On the other side, reversal from key support will take the parity higher towards key resistance around 9.7867/9.8065/9.8438/9.8855 marks respectively.
     
  • Norway Jan consumer price index y/y stays flat at 1.6 % (forecast 1.6 %) vs previous 1.6 %.
     
  • Norway Jan core inflation m/m decrease to -0.8 % (forecast -0.2 %) vs previous 0.1 %.
     
  • Norway Jan CPI index number decrease to 106 vs previous 106.1.
     
  • Norway Jan producer price index y/y increase to 10.3 % vs previous 7.3 %.

                                                                        We prefer to take long position on EUR/NOK around 9.7290, stop loss at 9.6648 and target of 9.8065.

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November 19 10:00 UTC Released

EZConstruction Output MM

Actual

2.04 Percent

Forecast

Previous

-0.46 Percent

November 19 09:00 UTC Released

EZCurrent Account NSA,EUR

Actual

24.1 Bln EUR

Forecast

Previous

20.5 Bln EUR

January 31 00:00 UTC 421170421170m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 421170421170m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 432990432990m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 421170421170m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 432990432990m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 421170421170m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 421170421170m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 421170421170m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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