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PrimeTrading
Feb 13, 2023 5:43 AM

EURNOK - To valhalla! Short

EUR/NOKOANDA

Description

First things first: all hail the vikings!

Why I like this trade:
- NOK with the MUCH better fundamentals
- NOK clearly undervalued on a longterm timeframe
- Norges Bank quite dovish in their last meeting but could get hawkish again in march as
-> inflation has massively surprised to the upside
- inflation expectations on thursday will be key for NB
- NB could reduce NOK selling
- oil and nat gas with upward potential
- EUR optimism is overpriced
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