Fast FX Sell NOK SEK

Crédit Agricole CIB recommends selling NOK/SEK as it has reached 1.5 standard deviations overvaluation. The trade targets 0.9842 with a tight stop-loss based on the proprietary FAST FX fair value model.

Key Takeaways

• 1.The FAST FX model has triggered a short NOK/SEK trade as the pair has become more than 1.5 standard deviations overvalued.
• 2.NOK/SEK fair value has increased to 0.9842, driven by Norwegian-Swedish rate spreads and equity market performance differentials.
• 3.The trade targets a level of 0.9842 with a stop-loss of -1.21%, and is expected to close by May 15 if targets aren't met.

Table of Contents

• FAST FX: sell NOK/SEK
• Related publications
• New trades this week
• FX under/overvaluation – Z-scores
• FAST FX fair value summary
• Historical trade performance
• FX Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details
• Certification
• Foreign exchange disclosure statement to clients of CACIB
• Valuation and methodology
• Disclaimer

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