EURNZD - MARKET SENTIMENT + NZD CPI DATA
- There is no indicator news of any value for the New Zealand dollar today. Therefore, the New Zealand dollar is often driven by market sentiment. Also, there is no significant news for the euro today, and the LOW IMPACT NEWS EUR TRADE BALANCE DATA is about to be released.
- NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Today there is a slight market risk on the situation. The NZD FEATURE stands at 0.7657 LEVEL. The EUR FEATURE stands at 1.0836 LEVEL.
- Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Yesterday a RISK ON TONE was PLAY. STOCKS Somewhat showing a NEUTRAL BIAS at the moment. And VOLATILITY is DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the UP SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is turning ON.
- EURNZD PRICE can be REJECT from 1.6310 LEVEL. COMMODITIES PRICES If the UPA returns, VOLATILITY DOWN, OVERALL MARKET RISK ON, ON EURNZD will SELL further. But if the TREND LINE does not BREAK it will continue to EURNZD BUY.
- EURNZD PRICE can go to 1.6310 LEVEL before DOWN. Then it can be sold to 1.5667 LEVEL. This is determined by the market sentiment and market sentiment in terms of the activity of the New Zealand dollar.
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