Eurozone industrial production will be in focus today as it is expected to confirm the ongoing global economic slowdown. While markets await more details about the announced partial trade deal between the US and China, it is not expected to prevent a potential recession. The Eurozone economy has slowed down faster than expected and joined other economies in the slide despite accommodative monetary policy. How will today’s economic data impact the EURNZD? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Chinese trade surplus came in better-than-expected for September as imports plunged while exports decreased more than economists anticipated. This was the latest piece of evidence that the global economic slowdown continues. Optimism about the partial US-China trade deal is fading. How will Chinese lending data impact the EURNZD after its release? Today’s fundamental analysis will cover price action in both directions for this currency pair.