Don't miss the latest Seasonal Insights with the Chief Market | Forex Trading Experts 📊 HYCM

Don't miss the latest Seasonal Insights with the Chief Market Analyst Kevin Murph

Seasonal point to #EURNZD weakness

Last week the RBNZ met and it kept to its hawkish path. The board debated that it may have needed to hike by 75bps (it stuck to 50bps in the end), worried the weak NZD was an inflation risk and expected to keep hiking rates. This strengthened the outlook for the NZD going forward.

The Eurozone, by contrast, is struggling with rising inflation, threats of a recession, high energy prices, and a semi-war footing with the Russian and Ukraine crisis. So this does open up a EURNZD sell bias.

Over the last 20 years, the EURNZD pair has fallen a total of 16 times between October 07 and November 07. So, does this mean that the EURNZD pair will track lower from here?

Tap here to learn more
https://bit.ly/HYCMLab-OCT-11
Start_Trade_With_HYCM