Chart Analysis: USD/NOK

Wednesday, October 28, 2009

It would seem that if we are moving into a bit larger correction mode here, then the likes of NOK might be a higher beta currency and see an especially sharp correction vs. the greenback due to the popularity of carry trades pairing the USD with commodity currencies.

A squeeze in the short term could introduce surprising volatility to the upside in the short term. The JPY/NOK might even be a bigger mover if bonds find encouragement after today's US auction results.


hoki-pulsa October 29, 2009 at 2:08 PM  

good information

etf trading system November 1, 2009 at 1:37 PM  

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