Norway Industrial Confidence
Business tendency survey in Norway is the arithmetic average of responses (balances) to questions on production forecasts, the total stock of orders, and stocks of one's own products. The indicator serves as a guide to the level of industrial production as an expected increase in output signals ramped up production in the coming quarter, an increase in the total stock of orders indicates increased production in anticipation of the future fulfillment of these orders, and an increase in inventories of own products indicates slow sales and reduced activity.
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 |
|
|
10.9878 -8146 pips |
0 +118024 pips |
11.8024 | |
| USDNOK |
|
|
10.9026 -1264 pips |
10.9669 +621 pips |
11.02897 | |
| GBPNOK |
|
|
13.8146 -138 pips |
13.7796 +488 pips |
13.82840 | |
| NOKJPY |
|
|
0 -1421 pips |
14.1477 +6 pips |
14.206 | |
| NOKSEK |
|
|
0.9898 -36 pips |
1.0318 -384 pips |
0.9934 |
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 | 96 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 | 193 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 | 222 days ago
