Technical analysis: EURNZD 2021-12-07 00:00

Ziwox terminal based analysis

Fundamental: Moderately Bearish, EUR is weak bearish and NZD is moderately bullish, {w-bearish/m-bullish=m-bearish}
COT Report: Short, Net short positions in Euro increased significantly from 16452 to 23240 (Dec 3, 2021 report)
Retail traders sentiment: Mixed, while 42% of traders are long vs 58% short. We usually look to trade contrary to retail traders
Risk sentiment: Risk-On, so buying NZD is not risky
Technical:
Statistical Support Resistance Trend: Sell when support level1 is broken out. The next target is S2 @ 1.6524
Recent events
2022-12-01 02:50
News 93
India: GDP growth stays strong in 3Q22

3Q22 GDP rose at a 6.3%YoY pace, slightly exceeding market expectations and keeping growth for the full year on track to...

2022-11-30 14:00
News 318
Australia sees unexpected drop in October inflation

Monthly inflation data not only provides a more timely look at Australia's inflation than the old quarterly series, it h...

2022-11-30 13:58
News 228
Eurozone inflation comes down in November, paving way for 50bp ECB hike

Inflation dropped more than expected from 10.6 to 10% in November, mainly on energy price developments. Core inflation r...

2022-11-30 13:49
News 280
Inflation reality check

USD: Holding pattern
Despite geopolitical challenges to the East, it has been a quiet start to the week for FX ma...

2022-11-29 21:02
News 174
Some relief in German inflation

German inflation came down somewhat in November, on the back of energy base effects. However, the ongoing pass-through o...

2022-11-29 21:00
News 246
Inflation and energy prices force six in ten Belgians to cut daily expenses

High inflation prompts six in ten Belgians to save on daily expenses
Belgians are looking for savings to cope wit...

2022-11-29 20:58
News 103
Japan: labour market remains tight while consumption begins to slow

Labour market conditions tightened further last month, but we don't see any signs of wage growth yet. Meanwhile, goods c...

2022-11-29 01:16
News 119
U.S. net short dollar positioning hits largest level since July 2021 -CFTC, Reuters data

Speculators raised net short U.S. dollar positioning in the latest week to its largest level since July 2021, according ...

2022-11-29 01:14
News 155
U.S. Treasury net shorts decrease in latest week - CFTC

NEW YORK, Nov 28 (Reuters) - Speculators' net bearish bets on U.S. Treasury note futures decreased in the latest week, a...

2022-11-29 01:11
News 212
Dollar rebounds on Fed expectations, Aussie drops

NEW YORK, Nov 28 (Reuters) - The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid ...

2022-11-25 15:20
News 162
China’s central bank cuts RRR to support economy

The People's Bank of China cut the required reserve ratio by 0.25 percentage points to support economic growth, as the e...

2022-11-25 04:15
News 177
Australia shares likely to rise; NZ falls

Australian shares are likely to rise for the fourth straight day on Friday, as investors remain upbeat on the U.S. Feder...

2022-11-25 03:57
News 120
New Zealand consumer confidence slips in November - ANZ-Roy Morgan

Consumer confidence in New Zealand fell in November compared with the prior month amid soaring inflation, rising rates a...