BlackwellGlobal

Oil and the Norwegian Krone: Volatility Play?

FX_IDC:USDNOK   U.S. DOLLAR / NORWEGIAN KRONE
Speculation that leading Oil producers Iran and Saudi Arabia, could be at odds over a target price, may help drive volatility in the coming months. How would the Norwegian economy, specifically the Krone react to such a situation? The above chart highlights the correlation between the Oil Price and the USDNOK currency cross. Trading Forex / CFDs is High Risk.
Nice view of an opportunity based on correlation $usdnok $oil
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i hope that
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@mHmdqndyl, where do you see the USDNOK going?
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