News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • RT @KyleR_IG: "We need to boost confidence. So we should stimulate. But maybe people will know we are trying to boost confidence. And then…
  • $AUDUSD popping on the #RBA The central bank will continue to buy A$5b/week of bonds until early September, then tapering to 4b until at least mid-Nov Traders likely unwinding bets that the RBA could have reversed prior decision on asset purchases
  • RBA: Sees gradual pickup in wages growth, underlying inflation. Sees some increase in unemployment rate in near-term -BBG
  • RBA: GDP to decline in September quarter, experience shows economy bounces back quickly. Economy still expected to grow strongly again next year -BBG
  • RBA: Condition for rate rise will not be met before 2024, sees Australia growing 'little over' 4% in 2022 -BBG
  • RBA sticks with taper plan -BBG #AUD $AUDUSD
  • 🇦🇺 RBA Interest Rate Decision Actual: 0.1% Expected: 0.1% Previous: 0.1%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 78.97%. See the summary chart below and full details and charts on DailyFX:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.36% 🇯🇵JPY: 0.10% 🇬🇧GBP: 0.07% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.00% 🇨🇦CAD: -0.09% View the performance of all markets via
NOK Traders Eye Norway GDP, Crude Oil Prices, Trade War Talks

NOK Traders Eye Norway GDP, Crude Oil Prices, Trade War Talks

Dimitri Zabelin, Analyst


  • Norwegian QoQ GDP: expecting a 0.2 percent rise
  • Trade wars and global sentiment weigh on crude oil
  • Risk out of EU to increase pressure on central bank?

See our free guide to learn how to use economic news in your trading strategy!

Norwegian Krone traders will be closely watching Norway’s upcoming GDP data, a 0.2 percent quarter-on-quarter rise expected. That is lower than the previous 0.5 percent increase. Relative to developed countries, Norway’s economy has been faring well; So much so that its central bank remains one of the most hawkish monetary authorities in the world. But for how long?

The source of Norway’s economic strength is also its weakness. The economy’s export-driven nature and heavy reliance on the petroleum sector leaves it exposed to abrupt changes in global sentiment. The most recent crack in US-China trade relations illustrates how crude oil prices can be notoriously sensitive to shifts in market mood. The Norwegian Krone also found itself under pressure as US-China trade tensions escalated.

There is also growing political and economic risk emanating out of Europe, Norway’s biggest client. Brexit still remains a headline risk for European markets while the rise of Eurosceptics is making for an unsettling political landscape. To learn more about how politics affect markets, you may follow me on Twitter @ZabelinDimitri.

If regional and global fundamental themes continue to decay, it could pressure the Norwegian economy and force the central bank to adjust its rate hike cycle. The Krone would almost certainly suffer in this environment, particularly against the US Dollar because of how these risks may generate a demand for the Greenback’s unparalleled liquidity.

Looking ahead, the continuation of the US-China trade war drama will likely continue to be a global headline risk alongside Brexit as the clock for both runs out. Regional and domestic growth indicators will likely continue to impact the Krone, though international themes may overshadow the potential volatility-inducing results of some peripheral Norwegian data.


Chart Showing Market Volatility


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.