EUR/NZD Live News

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

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Dec. 1, 2022

Mixed sentiment sees EUR/NZD currency pair ending the session broadly flat; establishes tight 1.6413 to 1.6534 range

Live - Updated 15 minutes ago.

As the current session draws to a close, EUR/NZD remains in the 1.6413 – 1.6534 range after dropping 0.08%.

On the flip side, following a previous reading of 9,000, Unemployment Change in Germany released yesterday at 08:55 UTC fell short of the 13,000 figure expected by analysts with an actual reading of 17,000.

Meanwhile, Euro Zone Consumer Price Index came out at 10%, while a consensus of analysts was expecting 10.4%. Data for Euro Zone Unemployment Rate published today at 10:00 UTC came out at 6.5, beating projections of 6.6 and showing improvement over the preceding figure of 6.6.

Despite being in the red so far in the current trading session, EUR/NZD peaked above its 200 day Simple Moving Average around 1.6523 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at 1.6487, a low enough level to, generally, suggest that EUR/NZD is trading below its fair value.

Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems EUR/NZD is set to appreciate despite today's setback.

In the meantime, negative performances are also seen in other pairs as USD/JPY is trading around 135.25 (down 283 pips).

Though EUR/NZD has been dropping, other pairs have been performing better: having closed the previous session at 1.6182, GBP/CAD is up 1.64% today to currently trade at around 1.6447. Having closed the previous session at 1.2062, GBP/USD is up 1.51% today to currently trade at around 1.2244.

Furthermore, New Zealand RBNZ Gov Orr speech will be released tomorrow at 04:30 UTC. Euro Zone ECB President Lagarde speech set for tomorrow at 02:40 UTC. Germany Trade Balance (Oct) is scheduled for tomorrow at 07:00 UTC.

EUR/NZD is now trading 5.5% away from its significant high of 1.7482 first tested a month ago.

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Week to date

EUR/NZD ends yesterday stable around 1.6508 .

A good end to the trading week, EUR/NZD is up to 1.6508, after closing yesterday at zero. Overall, a 0% move or 16,507 pips this week. (Trade EUR/NZD with FXTM now).

Uptick comes while some more positive signs for EUR/NZD are out as highly important Unemployment Change data from Germany beat analyst expectations of 13,000 with a reading of 17,000.

Meanwhile, Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 10%, while the previous figure was 10.6%. Data for Euro Zone Unemployment Rate published today at 10:00 UTC came out at 6.5, beating projections of 6.6 and showing improvement over the preceding figure of 6.6. Spain 15-Year Obligacion Auction released today at 09:40 UTC with a figure of 3.13, while the previous figure was 3.26. Spain Manufacturing PMI came out at 45.7, while a consensus of analysts was expecting 45.6.

Also worthy of note, New Zealand RBNZ Gov Orr speech will be released tomorrow at 04:30 UTC. Euro Zone ECB President Lagarde speech is scheduled tomorrow at 02:40 UTC. Euro Zone GDP is projected to outperform its last figure with 3.9%. It previously stood at 2.1%; data will be released Wednesday.