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NZD/JPY Showing Its Susceptibility To Market Conditions, EUR/CHF Price Is Currently Pushing Above 1.018 Since The Market Opened This Morning

NZD/JPY Showing Its Susceptibility To Market Conditions, EUR/CHF Price Is Currently Pushing Above 1.018 Since The Market Opened This Morning | FXMAG.COM
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Summary:

  • Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall.
  • The EUR/GBP price seems to be on the rise despite the slight increase in price
  • EUR To USD - There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings

 

The increasing of the EUR/USD currency pair price

Since the market opened this morning, the price of the EUR/USD has increased, in addition investors' market sentiment on the EUR/USD currency pair has changed from yesterday's bearish to mixed as of this morning. There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings, because of factors such as these, the market is volatile at the moment.

nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 1nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 1

EUR/USD Price Chart

Related article: ECB Interest Rate Decision Is Coming! European Indices (DAX, CAC40) To Plunge Or Rise? What About Forex Pairs?

EUR/GBP

The EUR/GBP price seems to be on the rise despite the slight increase in price, the market sentiment for this currency pair is bearish meaning investors do not expect this up trend to continue in the future.

nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 2nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 2

EUR/GBP Price Chart

NZD/JPY Showing its Susceptibility to Market Conditions

Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall. The relationship between these 2 currencies is known to be volatile because of the carry trade that occurs between them, investors favor these carry trades in times of market stability but shun them in times of market stress. Both of these currencies are also susceptible to economic news. Inlight of this information and the current market economy it is not a surprise that this currency pair is declining in value during this time of market stress.

nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 3nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 3

NZD/JPY Price Chart

Analysis: Wheat Futures Prices Influenced, By Weather, Naturally!

EUR/CHF

The EUR/CHF price is currently pushing above 1.018 since the market opened this morning. The ECB’s determination to keep inflation and interest rates low could be a potential reason for the strengthening of the EUR with the ECBs announcement today.

nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 4nzd jpy showing its susceptibility to market conditions eur chf price is currently pushing above 1 018 since the market opened this morning grafika numer 4

EUR/CHF Price Chart

Sources: finance.yahoo.com, dailyfx.com, tradingeconomics.com

 

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Rebecca Duthie

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance. 


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