Forward - USD/NOK

[theroguetrader]

maybe one for the watch list - :idea:

 

[Jbat001]

maybe one for the watch list - :idea:

Are you a trader of the Scandinavian currencies? I'm a big fan myself

 

[Drill]

I follow thw USD/NOk - seems to have a loose correlation with CRUDE OIL. Anyone aware of any other correlations with the NOK?

 

[gooseman]

NOKie interest rate decision just out. that's why i suspect.

 

[gooseman]

no idea mate. i thin saxo price forwards but i'm not sure if you would class them as DA or SB's, or indeed whether they handle retail accounts....

 

[gooseman]

i've seen an pro platform of saxo and they price forwards accurately and you can do a currency swap (or roll) on a tight spread.

not quite sure i'm following you GJ...

 

[gooseman]

talking a two way price of maybe a pip or two on cable rolls.

that's from memory and that was a large account setup.

 

[gooseman]

that's just from memory but i cpuld be wrong....anyway we still haven't discovered what he meant by forward USD/NOK. unless he just meant punting the cross over the interst rate decision using forwards to leverage and taking the basis risk on board....

 

[A Dashing Blade]

. . .
Swap spreads in the majors in small (but still wholesale) amounts are tiny fractions of a pip or more likely choice (i.e. bid and offer the same) . . .

Implied NOK forward fx rates from my reuters just now, looks very liquid . . .

NOK 5.04900 - 5.04900
NOKON 5.04941 - 5.04944
NOKTN 5.05084 - 5.05097
NOKSW 5.05394 - 5.05417
NOK2W 5.06074 - 5.06122
NOK3W 5.07014 - 5.07099
NOK1M 5.08419 - 5.08544
NOK2M 5.11338 - 5.11504
NOK3M 5.15517 - 5.15783
NOK4M 5.21097 - 5.21550
NOK5M 5.28217 - 5.28858
NOK6M 5.36706 - 5.37496
NOK7M 5.46476 - 5.47516
NOK8M 5.57706 - 5.58996
NOK9M 5.70218 - 5.71708
NOK10M 5.83818 - 5.85683
NOK11M 5.98758 - 6.01063
NOK1Y 6.14967 - 6.17572
NOK18M 6.37877 - 6.40812
NOK2Y 6.65087 - 6.69272
NOK3Y 6.99547 - 7.05952
NOK4Y 7.34917 - 7.44222
NOK5Y 7.68957 - 7.81812
NOK6Y 8.03027 - 8.20042
NOK7Y 8.37197 - 8.58962
NOK8Y 8.71517 - 8.98582
NOK9Y 9.05527 - 9.38422
NOK10Y 9.38787 - 9.78012

 

[grantx]

Any correlation with oil may be due to Norway as a major producer and presumably its biggest earner.

Grant.