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EUR/NZD to rally further.

EUR:
The Euro Area economy advanced 2.1 percent on quarter in the three months to June of 2017, which is better than 1.9 percent growth in the previous quarter ending March 2017. Household consumption and public spending were the main drivers of growth while fixed investment slowed sharply and net external demand contributed negatively. The GDP growth rate serves as a broad indicator for the health of Euro-zone economies. Robust GDP growth signals a heightened level of economic activity, which i…
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VAIBS1991 24 Sep.

The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector should show rebound next quarter.

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VAIBS1991 28 Sep.

The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on September 28th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger consumption. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices. Nevertheless, the growth outlook remains positive.

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Predicting EUR/NZD

EUR
The consumer confidence in Euro Area has been on rise for last couple of months as we can see from the growth seen in Household consumption and public spending. The construction sector has also grown at remarkable pace adding more jobs to the economy and thus more disposable income in people's hands.As people's faith in future growth in employment, jobs rise we will see even better general economic situation and major purchases of durable goods leading to better consumer confidence numbers.
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
VAIBS1991 avatar

The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector  should show rebound next quarter.

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A very promising up trend formation is being seen in EUR/NZD. If Reserve Bank of New Zealand holds the cash rate steady in tomorrows monetary policy meeting while indicating the willingness to be accommodating in monetary policy in view of recent softening of economic data; NZD may weaken further. Thus driving EUR/NZD even higher. 

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Predicting EUR/NZD

EUR
The consumer confidence in Euro Area has been on rise for last couple of months as we can see from the growth seen in Household consumption and public spending. The construction sector has also grown at remarkable pace adding more jobs to the economy and thus more disposable income in people's hands.As people's faith in future growth in employment, jobs rise we will see even better general economic situation and major purchases of durable goods leading to better consumer confidence numbers
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Übersetzen in Englische Sprache Zeige Original
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VAIBS1991 13 July

EUR/NZD has multiple trend lines support at the levels of 1.530. It will make a good buying case if it goes down there and holds the support in coming days.

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EUR/NZD TECHNICAL OUTLOOK

TOOLS USED: ICHIMOKU, TREND, PRICE ACTION EMA CROSSOVER, LONGER TERM SUPPORT RESISTANCE
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
MONTHLY CHART:
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Elens94 avatar
Elens94 18 Jan.

Good luck!)

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VAIBS1991 30 Jan.

There are very important events this week which will highly impact the valuations of EUR/NZD. The much anticipated Federal Reserve Rate Decision is on Wednesday February 1st 2016 which is also our contest's final day. The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting. The Fed indicated last month that at least three rate increases were in the offing for 2017. However, traders remained unconvinced. Instead, markets are pricing in just two rate hikes during the course of this year, according to CME group's FedWatch Tool.

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Predicting EUR/NZD

EUR/NZD has been in the down trend on the weekly charts since August 2015 when it had touched 1.950. Since then it has given up on more than 20% of it's value to the current levels of 1.5. From July 2016 onwards it has been treading sideways in absence of any major trigger. After US elections there has been fresh weakness in Euro which may cause the EUR/NZD to break on the downside.
I am expecting the EUR/NZD to stabilize around the levels of 1.450 in the short to medium term. 1.450 is also happ…
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Elens94 17 Nov.

well done:)

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