{"id":133618,"date":"2018-09-13T10:32:17","date_gmt":"2018-09-13T14:32:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133618"},"modified":"2018-09-13T06:50:10","modified_gmt":"2018-09-13T10:50:10","slug":"eurnzd-analysis-improving-euro-area-statistics-bullish-for-eurnzd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/eurnzd-analysis-improving-euro-area-statistics-bullish-for-eurnzd\/","title":{"rendered":"EURNZD Analysis – Improving euro area statistics bullish for EURNZD"},"content":{"rendered":"
September 13, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Improving euro area statistics bullish for EURNZD<\/strong><\/p>\n

Euro area Composite PMI rose in August while New Zealand\u2019s trade deficit persisted in July. Will the EURNZD <\/a> climb continue?<\/p><\/blockquote>\n

Euro area economic data were positive on balance in last couple of weeks. While the GDP growth remained steady at 0.4% over quarter in second quarter and the industrial production decline remained at 0.1% over month in July, the business activity expansion accelerated in August as evidenced by uptick in Markit\u2019s Composite PMI to 54.5 from 54.3 in July. Meanwhile the New Zealand trade deficit persisted in July and building permits decline accelerated. And the global dairy trade price index decline continued, albeit at slowing rate. Improving euro are statistics while New Zealand data remain weak is bullish for EURNZD.<\/p>\n

\"EURNZD<\/p>\n

On the daily timeframe EURNZD: D1 <\/b> is trading with positive balance since beginning of June when it retraced higher after hitting eight-month low.<\/p>\n