Trial now
FED

NY Fed Operational Purchase

EURGBP TECHS

Reversal Higher

EQUITY TECHS

E-MINI S&P (Z1): Back Below Its 50-Day EMA

US EURODLR OPTIONS

Large put fly

Nordea Like Long NOK/SEK

SCANDIS

Nordea note that "NIBOR fixings likely only have very limited room to fall from here, since the new F-loan terms include a 15bp add-on. Moreover, liquidity is currently elevated in the Norwegian banking system, but will slowly but surely tighten into mid-September, which leaves a bad risk/reward in receiving front NOK rates. We look to pay into September. NOK usually holds a decent positive seasonality in late August into September (maybe as NOK liquidity is withdrawn). We enter long NOK/SEK with an aim to reach NOK 1.0000 (stop loss at NOK0.9580)."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com