USD flows: FX subdued even with the fragile backdrop

July 8, 2026 6:46 AM UTC

Kiwi the outperformer on the RBNZ rate hike
Elsewhere FX remains subdued even with some fragility in the backdrop 

NOK flows: Oil fall away still driving on retracement

June 24, 2026 1:52 PM UTC

Oil ongoing slide back to initial gap and USD/NOK breakout still driving pair higher
10~ area next on the pair

USD flows: Still at or through various resistance levels

June 23, 2026 12:56 PM UTC

USD still on the rise vs majors with various resistance levels being tested or cleared

EUR/NOK flows: Norges Bank sticks to script, but NOK focused more on Iran/oil

June 18, 2026 8:20 AM UTC

Norges sticks to script on upside inflation risks and likely need for a further hike
Yet it also acknowledges Iran deal and that energy drop could weaken pressures
Overall EUR/NOK still correcting 2026 downtrend on Iran/ ToT trade unwind/profit-taking 

NOK/SEK flows: Not plain sailing but correction still in play

June 15, 2026 8:52 AM UTC

NOK/SEK still biased to profit-taking retracement on big leg up, so long as confidence firms in the deal
Unlikely to be entirely plain sailing and volatility free given misaligned parties involved

USD flows: Iran state of play down to cash is king?

June 11, 2026 10:18 AM UTC

Reuters sources suggest talks continue, political agreement but all down to frozen funds
In some ways good, though there are strong reasons why this is the main last and critical sticking point

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

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

USD flows: Watching volatility, USD/EM, for pointers (DXY, AUD, EUR, GBP)

May 18, 2026 6:44 AM UTC

FX moves slow into various big figure correction levels, but USD squeeze remains the risk
Watching background pointers such as MOVE, USD/EM for broader risk aversion

USD flows: Bit of a dollar squeeze; stretched risk pullback

May 15, 2026 6:57 AM UTC

Dollar squeeze spreads after cable lead; stretched metals and risk mkt pull backs help broaden
Some s/t chart shifts seen, such as in NOK

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.

USD, JPY, EUR, NOK, CAD oil flows: Ever present weekend risk

May 8, 2026 9:02 AM UTC

Recent pattern of hope for the best, hedge for the worst heading into w/e

NOK flows: NOK rallies on Norges Bank rate hike

May 7, 2026 8:21 AM UTC

Norges Bank hikes the policy rateto 4.25%. NOK rallies as market had been split on probability of a hike. Scope for further NOK gains medium term

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/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

AUD, CAD, NOK flows: Commodity currencies higher

October 28, 2025 3:02 PM UTC

Commodity currencies all higher in North America morning trading

NOK, JPY flows: NOK little changed after CPI, JPY makes modest recovery

October 10, 2025 6:54 AM UTC

Norwegna CPI much as expected, NOK remains in the centre of the range. JPY makes a modest recovery as political picture in Japan becomes more uncertain

USD, AUD, NOK, JPY flows: Equity strength supports riskier currencies, but...

September 15, 2025 6:51 AM UTC

Equity gains have helped AUD and NOK rise, but rising risk premia suggest JPY can catch up.

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

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

EUR flows: EUR up as yields rise on Lagarde

July 24, 2025 12:42 PM UTC

Lagarde sounding less dovish, market now not fully pricing in any more easing this year. EUR firmer, but EUR/USD upside may be more limited than EUR gains on the crosses.

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

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

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

EUR, USD, JPY, CHF, AUD, NOK flows: USD remains under pressure, risk steadier for now

April 14, 2025 7:06 AM UTC

USD still under pressure, risk sentiment stabilising but danger of renewed weakness

EUR, GBP, scandi flows: EUR and scandis firm as risk sentiment recovers

March 11, 2025 8:00 AM UTC

EUR recovering as equity futures bounce, GBP slips to 6 week low against the EUR. Scandis the best performers.

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

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.

NOK flows: NOK steady despite weak GDP

February 11, 2025 7:31 AM UTC

Norwegian GDP disappoints but NOK downside limited

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