Free Trial

SEB Recommend Buying NOK/SEK

SCANDIS

SEB have issued a new trade recommendation to buy NOK/SEK. They target 1.03, with a stop on a daily close below 0.9750.

In the note, they cite:

  • A synchronized and strong global recovery
  • Rising Norges Bank policy rates later this year to run in contrast with an unchanged Riksbank rate
  • Rising oil prices
  • Their short-term fair value model showing the NOK/SEK cross as 'deeply undervalued'
  • They also see EUR/SEK trading poorly, with the cross seen edging lower throughout 2021.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.