The CleanFinancial guide to EUR/NZD spread betting.
- Where Can I Spread Bet on EUR/NZD?
- Live EUR/NZD Charts
- Live EUR/NZD Prices
- EUR/NZD Trading News and Analysis
- Where Can I Trade EUR/NZD for Free?
- Where Can I Practice Trading EUR/NZD?
- How to Spread Bet on EUR/NZD?
- Forex Spread Betting Guide
Live EUR/NZD Chart & Prices
The live CFD chart and prices below offers readers a nice guide to the EUR/NZD currency market.The above chart from Plus 500 typically uses the near-term EUR/NZD futures contract.
To review spread trading charts and the current pricing for EUR/NZD, you can use a spread betting account.
A spreads account would also let you speculate on the short-term daily markets. Note that opening such an account is subject to status, credit and suitability checks.
If your new account is approved then you will be able to log on and access the real-time trading charts and prices. These are usually provided as part of the service. Having said that, you could get the occasional sales email or call from the spread betting provider.
Of course, if you want to trade then you should remember that financial spread betting and contracts for difference involve a high level of risk to your funds and you can lose more than your initial investment.
Where Can I Spread Bet on EUR/NZD?
Investors can speculate without brokers’ fees or commissions on EUR/NZD, as well as a variety of other related spread betting markets, via providers like:Please note: You may be able to take a position on EUR/NZD via other platforms.
EUR/NZD Market Analysis and Trading News
3 March 2018, 9:19am,
The FX market is below the 20 period moving average of NZ$1.70621 and below the 50 period moving average of NZ$1.70472.
1 Day Indicator Analysis
The forex market is currently above the 20 day moving average of NZ$1.69835 and above the 50 day moving average of NZ$1.69324.
EUR/NZD Daily Trading Update
- EUR/NZD is currently trading at NZ$1.70296.
- In the last session, the market closed NZ$0.00022 (0.01%) higher at NZ$1.70757.
The FX market is below the 20 period moving average of NZ$1.70621 and below the 50 period moving average of NZ$1.70472.1 Day Indicator Analysis
The forex market is currently above the 20 day moving average of NZ$1.69835 and above the 50 day moving average of NZ$1.69324.
Update by Gordon Childs, Editor, 
10 October 2017, 12:48pm,
The currency pair is above the 20 period MA of NZ$1.65816 and above the 50 period MA of NZ$1.65676.
1 Day Chart Analysis
The market is trading above the 20 DMA of NZ$1.63850 and above the 50 DMA of NZ$1.63831.
EUR/NZD Daily Trading Update
- EUR/NZD is currently trading at NZ$1.65828.
- In the last session, the market closed NZ$0.00639 (0.39%) higher at NZ$1.66043.
The currency pair is above the 20 period MA of NZ$1.65816 and above the 50 period MA of NZ$1.65676.1 Day Chart Analysis
The market is trading above the 20 DMA of NZ$1.63850 and above the 50 DMA of NZ$1.63831.
Update by Gordon Childs, Editor,
» More forex trading views and analysis.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Sample FX candlestick chart
The following firms let their account holders have access to live trading charts and prices:
- City Index (read review)
- ETX Capital (read review)
- Financial Spreads (read review)
- Finspreads (read review)
- IG (read review)
- Inter Trader (read review)
- Spreadex (read review)
Advert:
EUR/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/NZD with Financial Spreads.
You can spread bet on EUR/NZD with Financial Spreads.
Where Can I Trade EUR/NZD for Free?
Investing isn’t risk free, however, if you want to open an entirely free Test Account, that allows you to try out spread betting and access trading charts, see below for further details.When considering which trading option is right for you, also remember that, in the UK, spread trading is currently exempt from income tax, stamp duty and capital gains tax*.
If you are trying to find a free financial spread betting website, you should note that investors can take a view on EUR/NZD without paying any brokers’ fees through providers like:
Free Demo Account
If you’d like to open a completely free Test Account where users can try spread betting, including trading markets such as EUR/NZD, then consider:The above firms currently provide a Demo Account that investors can use to apply a host of orders, study charts and try out new trading ideas.
How to Spread Bet on EUR/NZD?
As with a wide range of financial markets, an investor can spread bet on foreign exchange rates, like EUR/NZD, to go up or down.Looking at Selftrade Markets, we can see they are currently showing the EUR/NZD Rolling Daily market at NZ$1.57130 – NZ$1.57290. As a result, an investor could put a spread bet on the EUR/NZD pair:
Going higher than NZ$1.57290, or
Going lower than NZ$1.57130When placing a spread bet on EUR/NZD you trade in £x per point where a point is NZ$0.00010 of the pairs movement. As a result, if you decide to invest £4 per point and EUR/NZD moves 28.0 points then that would alter your bottom line by £112. £4 per point x NZ$0.00280 = £4 per point x 28.0 points = £112.
Rolling Daily Forex Markets
One thing to note is that this is a Rolling Daily Market which means that there is no settlement date for this market. You do not have to close your trade, should it still be open at the end of the trading day, it will roll over to the next trading day.If you do let your forex trade roll over then you are normally charged a small financing fee. For a more detailed breakdown of Rolling Daily Markets please read our article Rolling Daily Spread Betting.
EUR/NZD Trading Example 1
If we take the above spread of NZ$1.57130 – NZ$1.57290 and assume that:- You have done your forex market analysis, and
- Your analysis leads you to think the EUR/NZD rate will push above NZ$1.57290
So, you gain £2 for every point (NZ$0.00010) that the EUR/NZD rate moves higher than NZ$1.57290. However, such a bet also means that you will make a loss of £2 for every point that the EUR/NZD market goes lower than NZ$1.57290.
Looking at this from another angle, should you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the price you bought the market at. You then multiply that difference in price by your stake.
Therefore, if after a few trading sessions the rate started to move upwards then you could choose to close your position in order to secure your profit.
If that happened then the spread, set by the spread trading firm, might move up to NZ$1.58234 – NZ$1.58394. To close your trade you would sell at NZ$1.58234. As a result, with the same £2 stake you would make:
P&L = (Final Value – Opening Value) x stake
P&L = (NZ$1.58234 – NZ$1.57290) x £2 per point stake
P&L = NZ$0.00944 x £2 per point stake
P&L = 94.4 points x £2 per point stake
P&L = £188.80 profit
Speculating on forex, by spread trading or otherwise, doesn’t always work out as you would have liked. In the above example, you had bet that the forex rate would increase. Nevertheless, the FX rate can also fall.
If the EUR/NZD market had fallen then you could choose to close your spread bet to limit your losses.
So if the market pulled back to NZ$1.56268 – NZ$1.56428 then this means you would close your position by selling at NZ$1.56268. If so, this would result in a loss of:
P&L = (Final Value – Opening Value) x stake
P&L = (NZ$1.56268 – NZ$1.57290) x £2 per point stake
P&L = -NZ$0.01022 x £2 per point stake
P&L = -102.2 points x £2 per point stake
P&L = -£204.40 loss
Note: EUR/NZD Rolling Daily forex market taken as of 11-Sep-12.
Advert:
EUR/NZD Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EUR/NZD with Financial Spreads.
You can spread bet on EUR/NZD with Financial Spreads.
How to Spread Bet on Euro – New Zealand Dollar – Example 2
Looking at Inter Trader, we can see that they are pricing the Euro – New Zealand Dollar Rolling Daily market at NZ$1.57675 – NZ$1.57835. As a result, an investor could spread bet on the Euro – New Zealand Dollar rate: Moving above NZ$1.57835, or Moving below NZ$1.57675Whilst spread betting on Euro – New Zealand Dollar you trade in £x per point where a point is NZ$0.00010 of the pairs movement. So, if you decided to have a stake of £2 per point and Euro – New Zealand Dollar moves 36.0 points then that would change your profit/loss by £72. £2 per point x NZ$0.00360 = £2 per point x 36.0 points = £72.
So, if you continue with the spread of NZ$1.57675 – NZ$1.57835 and assume:
- You’ve completed your analysis of the forex markets, and
- You think that the Euro – New Zealand Dollar market will rise above NZ$1.57835
Therefore, you make a profit of £3 for every point (NZ$0.00010) that the Euro – New Zealand Dollar pair moves higher than NZ$1.57835. Having said that, it also means that you will make a loss of £3 for every point that the Euro – New Zealand Dollar market falls below NZ$1.57835.
Thinking of this in a slightly different way, if you ‘Buy’ a spread bet then your P&L is found by taking the difference between the final price of the market and the price you bought the market at. You then multiply that price difference by your stake.
If after a few hours the rate started to increase then you might want to close your spread bet to lock in your profit.
Taking this a step further, if the market did go up then the spread, determined by the spread betting company, might change to NZ$1.58309 – NZ$1.58469. To close your trade you would sell at NZ$1.58309. Accordingly, with the same £3 stake your profit would be:
P&L = (Settlement Price – Opening Price) x stake
P&L = (NZ$1.58309 – NZ$1.57835) x £3 per point stake
P&L = NZ$0.00474 x £3 per point stake
P&L = 47.4 points x £3 per point stake
P&L = £142.20 profit
Speculating on currencies, whether by spread betting or not, is not simple. In this case, you had bet that the forex rate would increase. Nevertheless, the currency rate could fall.
If the Euro – New Zealand Dollar rate weakened, against your expectations, then you could choose to close your spread bet in order to restrict your losses.
Should the market pull back to NZ$1.57440 – NZ$1.57600 then you would sell back your position at NZ$1.57440. If so, that would mean you would lose:
P&L = (Settlement Price – Opening Price) x stake
P&L = (NZ$1.57440 – NZ$1.57835) x £3 per point stake
P&L = -NZ$0.00395 x £3 per point stake
P&L = -39.5 points x £3 per point stake
P&L = -£118.50 loss
Note: Euro – New Zealand Dollar Rolling Daily spread betting market accurate as of 18-Sep-12.
Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.