RobertSoos

EURNOK - short on economic surprise differential

Short
RobertSoos Updated   
OANDA:EURNOK   Euro / Norwegian Krone
Fundamentals:

-EU: eco slowdown continues, underpinned by ECB
-NOR: inflation picking up, central bank will further hike this year -> carry trade
-NOK gained even under risk-off sentiment
-CitiBank Eco Surprise Index (1mo) differential: -53.9 vs +53.6 in favor of NOK
Trade closed: stop reached:
Stopped out: trade I would take next time, short momentum did not continue
Trade active:
I got back in, eco backdrop the same

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