EUR/NZD Live News

This page provides live coverage and news analysis on the EUR/NZD currency pair

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Nov. 27, 2020

EUR/NZD down to 1.6962, the last time it was this low was 9 months

(23:48) GMT

After opening at 1.7004, EUR/NZD dropped to its lowest point in 9 months at 1.6962. It later recovered 63 pips and is now trading at 1.7026.

Meanwhile, France's Consumer Price Index came out at 0.2, while the projection was zero. France's HICP (MoM) beat the 0.1 projections, with 0.2. Germany GfK Consumer Climate (Dec) published on Thursday at 7:00 AM came out at -6.7, falling short of the -5 projections and continuing its decline from the previous -3.2 figure.

The nearest resistance level is at 1.7629, followed by 1.7971 at the next level. The lower Bollinger band is at 1.6859, indicating further gains might be next. Overall, looking at all the technical indicators, it seems EUR/NZD will continue pointing upward in the short term.

A look at other markets shows behavior that usually indicates a green move for EUR/NZD as USD/MXN is up 0.17% (33 pips) to 20.038 levels.

At the same time, the Kiwi is trading around 0.7027 after starting the session at 0.7006 (down 0.31%).

In the meantime, Canadian dollar is getting closer and is now only zero pips from the support line at 1.3006. Dipping below it might indicate further losses are ahead. EUR/AUD trading around 1.6191, with no major change.

Nov. 26, 2020

At 1.6976 EUR/NZD down to its lowest value in 9 months

(22:48) GMT

After opening at 1.701, EUR/NZD dropped to its lowest point in 9 months at 1.6976. It later recovered 24 pips and is now trading at 1.7.

This in-between state for EUR/NZD is reflected by market data published as Germany's GfK Consumer Climate (Dec) published today at 7:00 AM came out at -6.7, falling short of the -5 projections and continuing its decline from the previous -3.2 figure. New Zealand's Balance of Trade was released on Wednesday at 9:45 PM with a figure of -1, This is better than the previous number of -1017. Released on Wednesday at 11:00 AM, France's Jobseekers Total showed an uptick, coming in at 3549.7, up from the previous number of 3606.3.

The EUR/NZD nearest support level is too vague to call at the moment, resistance level is at 1.7629. The lower Bollinger band is at 1.6866, indicating a positive move might be next. Overall, looking at all the technical indicators, it seems EUR/NZD might be pointing upward in the short term.

Meanwhile, mixed performances are seen elsewhere as USD/MXN is trading around 20.0041 after starting the session at 19.947 (up 0.29%). The Canadian Dollar went up from 1.3 to 1.3016 (0.13%, 16 pips). USD/SGD trades around 1.3386, with no major change. EUR/AUD trading around 1.6176, with no major change.

Data to be released later might clear up some of the fog for EUR/NZD as French Consumer Spending is projected to outperform the last figure at 2.9 while it previously stood at -5.1, data will be released tomorrow at 7:45 AM. French GDP is expected tomorrow at 7:45 AM. The French Consumer Price Index is expected tomorrow at 7:45 AM. France HICP (MoM) is excepted tomorrow at 7:45 AM.

Nov. 25, 2020

At 1.6977 EUR/NZD down to its lowest value in 9 months

(22:48) GMT

After opening at 1.7049, EUR/NZD dropped to its lowest point in 9 months at 1.6977. It later recovered 27 pips and is now trading at 1.7004.

This downslide might be related to financial indicators data published earlier, as data for Germany Business Climate Index released on Tuesday at 9:00 AM is better than expected at 90.7, but worse than the previous figure of 92.5.

Meanwhile, data for Germany's GDP released on Tuesday at 7:00 AM came out at -3.9, beating projections of -4.1 and showing improvement over the preceding figure of -11.3. Data for Germany Current Assessment (Nov) released on Tuesday at 9:00 AM is better than expected with 90, but worse than the previous figure of 90.4.

The EUR/NZD nearest support level is too vague to call at the moment, resistance level is at 1.7629. The Relative Strength Index has gone up above 30 – exiting oversold conditions and indicating a slowdown of gains. The lower Bollinger band was at 1.6877, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems EUR/NZD might reverse course and start pointing upward in the short term.

Taking a wider perspective, performance of these other symbols usually suggests a setback for EUR/NZD as the New-Zealand Dollar is trading around 0.7011 (up 35 pips). USD/MXN dropped -0.26% (53 pips) to 19.95. USD/SGD dropped -0.13% (17 pips) to 1.34.

Positive performance can be seen looking at other symbols, as EUR/AUD is up 0.12% (19 pips) to 1.6179 levels.

The market will keep its eye on the following upcoming macroeconomics indicators: Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected tomorrow at 11:30 AM. The Euro Zone ECB Monetary Policy Statement is scheduled for tomorrow at 12:30 PM. Germany's GfK Consumer Climate (Dec) is expected to come out at -5 when it's released tomorrow at 7:00 AM, This is a decline from the preceding data which was -3.1. Euro Zone ECB's Lane speech is scheduled tomorrow at 12:00 PM.

Nov. 24, 2020

EUR/NZD down to 1.6946, the last time it was this low was 9 months

(22:48) GMT

Having started at 1.7102 EUR/NZD dropped to 1.6946, hitting its lowest point in 9 months, later it recovered 103 pips and is now trading at 1.7049

This downslide might be related to financial indicators data published earlier, as data for Germany Business Climate Index released today at 9:00 AM is better than expected at 90.7, but worse than the previous figure of 92.5.

Meanwhile, data for Germany's GDP released today at 7:00 AM came out at -3.9, beating projections of -4.1 and showing improvement over the preceding figure of -11.3. Data for Germany Current Assessment (Nov) released today at 9:00 AM is better than expected with 90, but worse than the previous figure of 90.4.

The EUR/NZD nearest support level is too vague to call at the moment, resistance level is at 1.7629. The lower Bollinger band was at 1.691, indicating a positive correction might be next. Overall, looking at all the technical indicators, it seems EUR/NZD might reverse course and start pointing upward in the short term.

Taking a wider perspective, performance of these other symbols usually suggests a setback for EUR/NZD as the Canadian Dollar lost 84 pips from the start of the session, trading at 1.2997 levels. USD/MXN dropped -0.66% (133 pips) to 20.0103. The Kiwi is trading around 0.6976 (up 52 pips). EUR/AUD dropped -0.54% (88 pips) to 1.6159.

The market will be looking forward to the upcoming release of the following indicators: New Zealand's Balance of Trade is expected tomorrow at 9:45 PM. France Jobseekers Total is expected tomorrow at 11:00 AM. German Buba Mauderer's speech is expected tomorrow at 7:40 AM. The Euro Zone ECB Financial Stability Review is scheduled to come out tomorrow at 9:00 AM.

Nov. 23, 2020

EUR/NZD hits 1.7054, its lowest rate in 9 months

(22:48) GMT

After starting the day at 1.7107 EUR/NZD dropped to 1.7054, hitting its lowest point in 9 months, it later recovered 44 pips and is now trading at 1.71

This in-between state for EUR/NZD is reflected by market data published as the Euro Zone Services PMI published today at 9:00 AM came out at 41.3, falling short of the 42.5 projections and continuing its decline from the previous 46.9 figure. The Euro Zone Composite PMI fell short of the 45.8 projections, with 45.1 and continued its downward trajectory from the previous figure of 50. The Data for the Euro Zone Manufacturing PMI released today at 9:00 AM is better than expected at 53.6, but worse than the previous figure of 54.8.

The EUR/NZD nearest resistance level is at 1.7629.

Meanwhile, mixed performances are seen elsewhere as USD/MXN is up 0.24% (47 pips) to 20.1416 levels. The Canadian dollar trades with no major change, around 1.3081. The Singapore dollar trades around 1.3447, with no major change. The Kiwi went down to 0.6924 (10 pips).

Data to be released later might clear up some of the fog for EUR/NZD as the Germany's Business Climate Index looks to be getting worse with an expected 90.7 while the preceding figure was 92.7, New data will be released tomorrow at 9:00 AM. Euro Zone ECB President Lagarde's speech is scheduled tomorrow at 2:00 PM. The German Current Assessment (Nov) is expected to come out at 87.2 when it's released tomorrow at 9:00 AM, This is a decline from the preceding data which was 90.3. Projections for Germany Business Expectations are set for a continuation of decline with 93.5 while previous data was 95, Data will be released tomorrow at 9:00 AM.