The morning market was thin but strengthened a few NOK, and players were generally in a wait and see mood. “It’s a breather after two hectic days, and prior to something hitting the market again, most likely on the upside,” a Norwegian trader argued. Another Norwegian player believed the market was waiting for wet forecasts, and that no one seemed keen on doing much before that was confirmed, or called off.
The spot is strong, the weather forecasts are dry, and the market is waiting. For something. The Norwegian player argued that it is wetter forecasts the market is waiting for, while the trader believed that at one point, soon, a combination of factors would trigger the upside once more.- A dry weather forecast, a stronger spot, possibly a German peak or a cable going out, would trigger a
Mittwoch, 6.08.2003, 11:31 Uhr
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