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      Forex: EUR/NOK little changed after data

      The Norwegian krone has posted no reaction after the manufacturing output in Norway rose 0.3% on a monthly basis during December, marching forecasts and bettering the previous contraction of 0.1%.

      According to FI Strategist E.Blomgren at SEB, the economic picture remains the same with oil-related companies leading the way and export-oriented ones struggling to gather traction. The analyst also added that the manufacturing production is still in negative territory on a quarterly basis and would surely weight on the mainland GDP.

      At the moment, the pair is up 0.09% at 7.4042 facing the next hurdle at 7.4770 (high Jan.18) ahead of 7.4846 (high Oct.26) and 7.4860 (Upper Bollinger).
      On the downside, a breach of 7.4165 (MA200d) would aim for 7.4161 (MA21d) and finally 7.3870 (low Feb.5).

      Forex Flash: EUR sabotaged by Draghi – OCBC Bank

      Emmanuel Ng of OCBC Bank notes that the EUR was sabotaged on Thursday after the ECB’s Draghi reiterated the central bank’s caution on potential economic weakness in the early part of 2013.
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      Forex Flash: Bullishs persist for USD/JPY – BTMU

      Bank of Tokyo Mitsubishi UFJ analysts are bullish on USD/JPY for the week ahead and see spot moving between a randge of 92.00-95.00.
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