{"id":8810,"date":"2010-04-26T10:30:06","date_gmt":"2010-04-26T14:30:06","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8810"},"modified":"2010-04-26T10:30:06","modified_gmt":"2010-04-26T14:30:06","slug":"kroner-may-extend-gains-against-eur-this-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/26\/kroner-may-extend-gains-against-eur-this-week\/","title":{"rendered":"Kroner May Extend Gains Against EUR This Week"},"content":{"rendered":"<p><strong>By Dan, ForexYard<\/strong> &#8211; The Scandinavian currencies have made significant gains against the  Euro as of late, with the single currency still hurting following the  failure to fully implement a Greek bailout package.  In the last week  alone, both the Swedish Krona and Norwegian Krone have gained over 1300  pips on the ailing European currency.  That being said, a string of  positive U.S. news events have led to a steep drop in value for the  Kroner against the greenback.  The last week saw the Dollar move up over  600 pips against the Danish Krone.<\/p>\n<p>In the near future, Scandinavian traders  can look forward to a fairly volatile week, as a string of U.S. and  European news events will likely dictate the direction for the Kroner.   On Tuesday, the U.S. CB Consumer Confidence Report as well as a speech  from Fed Chairman Bernanke will both create heavy market activity.   Providing the news shows further improvements in the American economy,  the Scandinavian currencies will likely suffer against USD as a result.   On Wednesday, the Preliminary German Consumer Price Index (CPI) is set  to be released.  As the leading economy in the Euro-Zone, German  economic indicators typically play a somewhat exagerated role in where  EUR goes compared to other European countries.  If the news is positive  for Germany, the Euro could recoup some of its earlier losses against  the Kroner.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                       Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                       may not be suitable for all investors. There is a            possibility      that     you   could sustain a loss of all of    your         investment and      therefore  you     should  not  invest   money  that   you      cannot afford to      lose. You  should   be      aware of   all   the    risks   associated with   Foreign     Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Dan, ForexYard &#8211; The Scandinavian currencies have made significant gains against the Euro as of late, with the single currency still hurting following the failure to fully implement a Greek bailout package. In the last week alone, both the Swedish Krona and Norwegian Krone have gained over 1300 pips on the ailing European currency. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/26\/kroner-may-extend-gains-against-eur-this-week\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kroner May Extend Gains Against EUR This Week&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8810","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8810"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8810\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}