I believe it is time to short USDNOK.
The Oil bounces from 75.0 level and it is pretty significant.
If it is sustained, USDNOK should be dropping as the US is the oil importer and the Norweigian economy stands mostly on oil.
Talked about this in detail in the set-prep post a few days back.
The Oil bounces from 75.0 level and it is pretty significant.
If it is sustained, USDNOK should be dropping as the US is the oil importer and the Norweigian economy stands mostly on oil.
Talked about this in detail in the set-prep post a few days back.
Comment:
Japan, Korea, USA and UK are releasing reserves. OPEC+ wants to decrease a rate at which they are increasing the production.
