EUR/USD, USD/JPY, NOK/SEK flows: FX sleeping but oil is still moving

June 16, 2026 12:36 PM UTC

Pre-Fed intertia and as market digests two-way pull of deal impact
But oil is still active, extending the break lower and threatening bigger range shift
As such, mkt may later re-focus on ToT and oil trade narratives

NOK/SEK flows: Cross currents

June 10, 2026 8:45 AM UTC

Firm data from both Norway (CPI) and Sweden (monthly output, GDP) , though both need to be seen in context
Norges Bank policy is already seen tight and well ahead of the curve 
Cross currents from subdued oil amid nuclear progress hopes and risk market volatility

EUR/USD, AUD/NZD flows: Waiting on MoU outcome; national CPI up next

May 29, 2026 6:38 AM UTC

Still in waiting mode for MoU outcome
AUD/NZD remains the signature move of the week
Focus this morning turns to national CPI data

NOK/SEK flows: Pullback to 0.98~ if oil correction continues to stick?

May 27, 2026 8:33 AM UTC

Oil pullback proving sticky for now, as talks neither delivering nor breaking down yet
Could see NOK/SEK overbought run and pullback extend towards 0.98 if it holds

NOK flows: Usual Monday oil bounce, EUR/NOK sitting on support

May 11, 2026 6:40 AM UTC

EUR/NOK still pressing support area after 'usual' weekend negative comments and oil bounce. More downside scope on spreads.

EUR, NOK flows: NOK supported by CPI, German output strong

January 9, 2026 7:30 AM UTC

NOK firmer after CPI comes in above consensus. EUR should find support from stronger German output

EUR, SEK, NOK flows: SEK softer after CPI, EUR unchnaged despite strong German orders

January 8, 2026 7:37 AM UTC

Weak Swedish CPI barely makes a dent in recent SEK strength, but NOK/SEK looks cheap. German orders very strong in November but volatile

EUR/NOK, NOK/SEK: NOK to Uprate in 2026

December 29, 2025 11:30 AM UTC

We see EUR/NOK to 11.0 by end 2026.

NOK, SEK, JPY flows: SEK still firm after GDP decline, JPY weakness continues

December 10, 2025 7:51 AM UTC

SEK still strong despite drop in October GDP. JPY weakness continues, intervention likely necessary soon.

NOK, JPY flows: NOK firmer after CPI, JPY weaker on hopes of end to US shutdown

November 10, 2025 7:38 AM UTC

NOK rallies as CPI comes out strong in October. JPY weaker as risk rallies on hopes of end to US government shutdown

NOK flows: NOK marginally firmer after Norges Bank decision

November 6, 2025 9:12 AM UTC

NOK edges higher after Norges Bank leaves rates unchanged

SEK flows: SEK firmer on strong GDP

October 29, 2025 7:38 AM UTC

SEK gains as GDP shows strength in Q3

USD, NOK, SEK, JPY flows: Quiet markets ahead of US price data

September 10, 2025 6:47 AM UTC

FX markets briadly steady but JPY and NOK remain undervalued

NOK flows: NOK slightly higher after strong GDP

August 21, 2025 6:58 AM UTC

NOK has moved higher after stronger than expected GDP, but case for bigger gains remains

SEK flows: EUR/SEK only marginally higher after Riksbank leaves rates unchanged

August 20, 2025 7:57 AM UTC

Riksbank leaves rates unchnaged and indicates outlook similar to June

NOK flows: NOK marginally higher after Norges Bank leaves rates unchanged

August 14, 2025 8:12 AM UTC

Rates left unchanged as expected. Statement indicates view unchanged from June. NOK remains good longer term value

NOK flows: NOK recovered slighty on stronger CPI

August 11, 2025 6:39 AM UTC

July CPI slightly on the strong side, but NOK remains weak

NOK, SEK, EUR flows: NOK marginally higher after CPI, tariff news awaited

July 10, 2025 6:44 AM UTC

NOK still has scope for gains after modest post CPI rise. Tariff news awaited

USD, CHF, EUR, NOK flows: USD weakness may be overdone, CHF strength looks excessive

June 25, 2025 6:52 AM UTC

Better risk tone should mean CHF comes under pressure

SEK flows: SEK slips lower after Riksbank rate cut

June 18, 2025 7:55 AM UTC

Riksbank cuts rates as most expected, downgrades growth forecast and suggests scope for further easing

SEK flows: SEK slightly weaker after CPI

June 5, 2025 6:15 AM UTC

Softer CPI increases chances of a Riksbank rate cut this month and suggetss SEK downside risks

GBP, NOK flows: GBP and NOK find mild support from better GDP

May 15, 2025 6:47 AM UTC

UK Q1 GDP revised up, Norway Q1 GDP stronger than expected. GBP and NOK see mild gains, NOK has scope for more

NOK flows: NOK little changed after CPI

May 9, 2025 6:41 AM UTC

Norwegian CPI on the soft side, but NOK still good value

SEK, CAD flows: SEK unmoved by softer GDP, CAD little changed on election

April 29, 2025 6:42 AM UTC

EUR/SEK little changed but has some upside scope after softer GDP. CAD can extend weakness on crosses after election result.

NOK, SEK, CAD, JPY flows: Potential for corrections

April 24, 2025 6:46 AM UTC

FX moves driven by the tariff driven risk sell off can correct in less volatile markets

NOK flows: NOK gains on stronger CPI

March 10, 2025 7:42 AM UTC

Norwegian February CPI has come in much stronger than expected, and NOK has risen in response, but still has scope for further gains

SEK flows: SEK continues to strengthen after stronger CPI, but...

March 6, 2025 7:39 AM UTC

SEK strength extends, but current levels are stretched, particularly versus NOK

SEK flows: Strong GDP data SEK supportive

February 28, 2025 7:48 AM UTC

Strong Swedish GDP data supportive for SEK but may also suggest better European prospects

USD, JPY, NOK, SEK flows: USD stabilising but downside risks remain. NOK/SEK weakness is extreme

February 26, 2025 7:43 AM UTC

USD reocvered modestly overnight but downside favoured as long as concerns about slowing growth persist. NOK/SEK testing 2024 lows and continues to look very undervalued.

USD, NOK, SEK flows: Focus on tariffs, scope for scandi gains

February 10, 2025 7:46 AM UTC

USD may benefit from latest tariff announcement. Scandis have upside scope

NOK flows: NOK little changed after Norges Bank

January 23, 2025 9:22 AM UTC

NOK steady as Norges Bank leaves rates unchanged but still has potential for recovery

NOK flows: Softer CPI but NOK still excellent value

January 10, 2025 7:44 AM UTC

Softer Norway CPI increases chance of March easng but NOK remains excellent value

NOK flows: NOK firmer after higher CPI

December 10, 2024 7:49 AM UTC

NOK makes some gains after CPI comes in above expectations, but scope for much larger recovery

SEK flows: SEK stay soft after weak GDP

October 29, 2024 7:42 AM UTC

EUR/SEK edges up but biggest scope for gains looks to be in NOK/SEK

NOK, SEK, JPY, EUR flows: NOK dips marginally on CPI, USD firm

October 10, 2024 6:48 AM UTC

Norwegian CPI weaker than expected, but reaction is mild USD remains strong against EUR and JPY

AUD, JPY, NOK, SEK flows: AUD slips with Chinese equities

October 8, 2024 6:45 AM UTC

AUD lower as Chinese equities reverse recent gains after Golden Week. JPY edging higher, SEK to come under pressure.

JPY, CHF, NOK flows: Risk sentiment improved o/n but NOK lags

September 26, 2024 6:45 AM UTC

More Chinese equity gains on reports of Chinese injection of capital into banks. JPY weak, most risky currencies better, but NOK under pressure. CHF a focus on SNB meeting today

SEK flows: SEK not much changed despite dovish Riksbank

September 25, 2024 8:16 AM UTC

Riksbank indicating much steeper rate cuts but SEK little changed as yields beyond the very front end stay steady. But SEK risks on the downside especially against the NOK. 

SEK, NOK flows: SEK resilient to weak CPI, but...

September 12, 2024 6:44 AM UTC

EUR/SEK surprisingly lower after weaker Swedish CPI, but NOK/SEK gains

NOK flows: NOK resilient after slightly softer CPI

September 10, 2024 6:27 AM UTC

NOK dips slightly on CPI but reocvers quickly and remains too weak relative to yield spreads

EUR, SEK, NOK flows: SEK little changed after GDP

August 29, 2024 6:57 AM UTC

Better than expected Swedish GDP still doesn't justify recent SEK strength

SEK flows: SEK little changed after Riksbank rate cut

August 20, 2024 7:51 AM UTC

Dovish sounding statement suggests some SEK downside risks

SEK flows: Firmer after stronger CPI

August 14, 2024 8:17 AM UTC

SEK firmer after higher than expected CPI