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EUR/NOK: faster SMA now above 200-hour

As the EUR/NOK hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

What has changed in EM - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers, shares his views on the emerging markets with the key quotes found below: "Hong Ko
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Fed's Kaplan: Healthy to begin shedding U.S. bond holdings

Dallas Fed President Robert Kaplan is out on the wires, with the key quotes, via Reuters, found below: Want to see more evidence of progress toward
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