Norway Balance of Trade
Since 1989, the Norwegian trade balance has been in surplus. As a result of global trade tensions and sluggish external demand, Norway's trade surplus shrank by 48.3% in 2019 compared to the previous year, to NOK 148 billion. The UK, the Netherlands, Germany, France, Belgium, Spain, Iceland, Portugal, Singapore, and Ireland had the largest trade surpluses, while China, the US, Sweden, Russia, Italy, Canada, Brazil, Poland, and the Czech Republic had the largest deficits.
A higher than expected figure should be seen as positive (bullish) for the NOK while a lower than expected figure should be seen as negative (bearish) for the NOK.
Forex Sentiment (NOK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURNOK |
|
|
10.9959 -7145 pips |
0 +117104 pips |
11.7104 | |
| USDNOK |
|
|
10.7379 -188 pips |
10.9133 -1566 pips |
10.75669 | |
| GBPNOK |
|
|
0 -136533 pips |
13.8694 -2161 pips |
13.65326 | |
| NOKJPY |
|
|
0 -1407 pips |
14.0682 -0 pips |
14.065 | |
| NOKSEK |
|
|
0.9899 +129 pips |
1.0349 -579 pips |
0.9770 |
News (NOK)
Nokia Posts Q4 Loss, Warns On Q1; Plans EUR 600 Mln Buy Back; Stock Up
Finnish network company Nokia Corp. reported Thursday a loss in its fourth quarter, compared to prior year's profit, amid weak net sales. Looking ahead, the company expects challenging environment to continue, particularly in the first quarter. Further, the Board proposed dividend authorization of 0.13 euro per share and initiated two year 600 million euros buyback program.
RTTNews | 100 days ago
Nokia Q3 Results Down, To Cut Up To 14,000 Jobs; Stock Dips
Shares of Nokia Corp. were losing around 4 percent in the morning trading in Helsinki as well as around 3 percent in pre-market activity on the NYSE after the Finnish telecom major reported Thursday a sharp drop in its third-quarter profit and revenues amid ongoing macroeconomic challenges. Separately, Nokia announced a cost reduction program, expecting to cut up to 14,000 jobs.
RTTNews | 198 days ago
Norges Bank Signals December Hike On High Inflation
Norway's central bank raised its key interest rate by 25 basis points on Thursday, as signaled during the previous meeting, and sounded more hawkish than expected with Governor Ida Wolden Bache saying that there would likely be another hike in December as inflation remains significantly above the bank's 2 percent target.
RTTNews | 226 days ago
