* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The EUR/NZD currency combination is not widely traded outside New Zealand, but it has yet a niche place to fill in the portfolio of the experienced investor. The performance of the pair depends on the correlation of two major world economies: the Eurozone and New Zealand. They are affected by many unrelated factors and this means that the relationships between these currencies are often erratic and hard to predict. These factors make the combination largely unsuited to novice traders, but in the hands of professionals it can deliver profits as great as the risks.
The main factors that mostly affect the EUR/NZD are world oil prices, EU monetary policy, trade balances of both countries, economic indicators with three marks (in the Economic calendar), raw materials and agricultural products prices, as well as the weather and climatic news.
If you are interested in trading the EUR/NZD, contact FxPro today to open trading account in several minutes and make your own investor’s portfolio.