Norway PMI - Manufacturing

Fx News Spike Signals by Crazy Cat, 2020/03/02

Release Time: 04:00 New York time (EST)
Primary currency pair: EUR/NOK, USD/NOK
Forecast: ---
Prior: ---
LT1 (Lower Trigger 1): --- [BUY]
UT1 (Upper Trigger 1): +++ [SELL]
Safety: 10

There are only two estimates so that's not enough to provide any triggers. Possibly +/- 3.0 would work but who knows.

The highest estimate is 51.0 (one estimate), and the lowest estimate is 50.9 (one estimate).

This report sometimes performs quite well and sometimes not so well. Just like with Swedish reports, it will depend on your broker a lot. Some brokers may raise spreads to 200 or higher, whereas some others may offer low fixed spread. EUR/NOK and USD/NOK perform very similarly so check with your broker to see which one is better to trade.

Obviously, if your broker widens spreads to very high values, then you should skip this report. Otherwise, you may give a try, but please be very conservative with your trade sizes.

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