Source: PaxForex Premium Analytics Portal, Fundamental Insight

February 24th 2020.

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?

Forex traders continue to adjust to the dovishness out of the ECB which may extend its quantitative easing program unless economic data improves. The Eurozone economy is cooling off fast and inflation remains absent, but the immediate attention will be on this weekend’s G-20 meeting where hopes for an end to the US-China trade war are on the rise. On the economic front, this morning’s Eurozone confidence data will be in focus and economists anticipate a further slowdown. How will this impact the EURNZD? Will the sell-off accelerate further to the downside?

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here is the key factor to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades:

Here are the key factors to keep in mind today for Euro trades: