{"id":142754,"date":"2019-03-01T10:55:17","date_gmt":"2019-03-01T15:55:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142754"},"modified":"2019-03-01T10:31:53","modified_gmt":"2019-03-01T15:31:53","slug":"eurnzd-euro-new-zealand-dollar-analysis-preparing-for-the-ecb-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/eurnzd-euro-new-zealand-dollar-analysis-preparing-for-the-ecb-meeting\/","title":{"rendered":"EURNZD Euro\/New Zealand dollar Analysis: Preparing for the ECB meeting"},"content":{"rendered":"
March 1, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Preparing for the ECB meeting<\/strong><\/p>\n

In this review, we would like to draw your attention to the chart of the euro vs the New Zealand dollar currency pair. Will the EURNZD<\/a> rise?<\/p><\/blockquote>\n

Such dynamics are observed in case of the strengthening of the euro and the weakening of the New Zealand dollar. Macroeconomic indicators of the Eurozone demonstrate an upward tendency, which may encourage investors to buy the single European currency. The main risk for the euro is the next ECB meeting during which, the plans of the launch of money emission for the TLTRO asset purchase program can be announced. It will take place on March 7. No changes in ECB rates are expected. A negative factor for the New Zealand dollar may be the desire of the Reserve Bank of New Zealand to tighten its capital requirements for local banks (Tier 1 Capital). In addition, an increase in the foreign trade deficit of New Zealand in January may contribute to its weakening. Let us note that a negative foreign trade balance has been observed since 2014.<\/p>\n

\"EURNZD\"<\/p>\n

On the daily timeframe, EURNZD: D1<\/b> is trying to breach up the resistance line of the downtrend. Most technical analysis indicators formed buy signals. The further price increase is possible if the ECB postpones the easing of monetary policy.<\/p>\n