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EUR/NOK: reflects the rate of euro to the Norwegian crown. It’s traded most actively on Wednesdays and Thursdays, during the European and in the beginning of American trading sessions. The instrument’s rate may experience sharp swings and is highly volatile, which is apparent even on a long-term chart.
The price of the pair is affected by:
—oil quotes (NOK rate is sensitive to swings in oil prices);
—interest rates set by the central banks of the EU and Norway;
—monetary policy;
—balances of trade of Norway and the EU, etc.
Thanks to its high volatility, the instrument is quote attractive in terms of potential profit.
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Friday, June 18th, today’s news—the websites of dozens of financial institutions and airlines in Australia …
Read more...The Australian dollar fluctuated in a narrow range tilted to the downside during the Asian …
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The overall trend is upward. The price pivot zone of 321.56 holds back sellers. …
