EURNZD Potential Short Setup.

30 Tem 2023

EURNZD Potential Short Setup:

A potential short setup is emerging for the EURNZD pair. The upcoming CPI (Consumer Price Index) data release holds significance as it could act as a catalyst for market movement.

If the CPI comes in lower than expectations, it may trigger a favorable scenario for a short trade on this pair. On the other hand, if the CPI data surpasses expectations, it could potentially open up the possibility of the pair reaching the 1.81 range.

Notably, the recent increase in interest rates by the ECB (European Central Bank) is a factor to consider. However, the ECB's indication of a more defensive stance for the upcoming period might lead to a decline in the euro's strength.

CPI Flash Estimate y/y
Prev: 5.5% Exp: 5.3%

Core CPI Flash Estimate y/y
Prev: 5.5% Exp: 5.4%

31 Tem 2023

İşlem aktif

The CPI (Consumer Price Index) has been reported as expected at 5.3. The Core CPI, which is slightly more volatile, came in slightly above expectations but remained at the same level as the previous reading. These results indicate that the euro zone is currently experiencing a disinflationary environment, suggesting that potential rate hikes may not be likely in the near term.

1 Ağu 2023

İşlem kapandı: hedefe ulaştı

A n 1.5x target was hit, A small leftover part got trailed a few hours later.

Unemployment data incoming.
If it's on the rise, there is a strong probability it will weaken the kiwi.
If it's higher then expectations, things might even get volatile, which might present some nice trades against the kiwi.

1 Ağu 2023

Not

It came in higher then expected, so why not...

2 Ağu 2023

İşlem kapandı: hedefe ulaştı

Quite the late hours for Euro folks, so just did a 1.5 RR and went to sleep.


Case closed.