NZD/JPY Showing Its Susceptibility To Market Conditions, EUR/CHF Price Is Currently Pushing Above 1.018 Since The Market Opened This Morning

Summary:

Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall.
The EUR/GBP price seems to be on the rise despite the slight increase in price
EUR To USD - There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings

The increasing of the EUR/USD currency pair price

Since the market opened this morning, the price of the EUR/USD has increased, in addition investors' market sentiment on the EUR/USD currency pair has changed from yesterday's bearish to mixed as of this morning. There is opportunity for the market to change consistently over the next 2 days especially because of the inflation pressures, interest rate forecasts, growth downgrades and earnings, because of factors such as these, the market is volatile at the moment.

EURUSD, EURGBP and EURCHF Prices on the increase - Good Morning FOREX - 1

EUR/USD Price Chart

EUR/GBP

The EUR/GBP price seems to be on the rise despite the slight increase in price, the market sentiment for this currency pair is bearish meaning investors do not expect this up trend to continue in the future.

EURUSD, EURGBP and EURCHF Prices on the increase - Good Morning FOREX - 2

EUR/GBP Price Chart

NZD/JPY Showing its Susceptibility to Market Conditions

Since the market opened this morning, we have seen the price of the NZD/JPY currency pair fall. The relationship between these 2 currencies is known to be volatile because of the carry trade that occurs between them, investors favor these carry trades in times of market stability but shun them in times of market stress. Both of these currencies are also susceptible to economic news. Inlight of this information and the current market economy it is not a surprise that this currency pair is declining in value during this time of market stress.

EURUSD, EURGBP and EURCHF Prices on the increase - Good Morning FOREX - 3

NZD/JPY Price Chart

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EUR/CHF

The EUR/CHF price is currently pushing above 1.018 since the market opened this morning. The ECB’s determination to keep inflation and interest rates low could be a potential reason for the strengthening of the EUR with the ECBs announcement today.

EURUSD, EURGBP and EURCHF Prices on the increase - Good Morning FOREX - 4