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USDNOK Position Trade

by Ashraf Laidi
Feb 11, 2009 13:54

USDNOK Position Trade - USDNOK Feb 11 (Chart 1)

NOK remains boosted across the board faring best performing currency since NY Tues close and second best performer over past 5 days after NZD. With my pro-NOK calls vs GBP already materializing, I offer a a longer term negative outlook for USDNOK (bullish NOK vs USD) calling for 6.4 before end of quarter. More extended outlook favours 6.00, as emerging signs of global stability will boost the already higher yielding and better equipped NOK.

 

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