NZD/USD eyes intraday recovery above 0.6450 ahead of Fed’s Powell, focus is on RBNZ
24.05.2022, 06:11

NZD/USD eyes intraday recovery above 0.6450 ahead of Fed’s Powell, focus is on RBNZ

  • NZD/USD is expected to recover its intraday losses on broader weakness in the DXY.
  • The monetary policy announcement from RBNZ Adrian Orr will keep the asset on the hooks.
  • The DXY will remain on the sidelines ahead of Fed Powell’s speech.

The NZD/USD pair is attempting a recovery from the intraday low of 0.6428. A downside move after a flat open is expected to be recovered completely as investors are focusing on the interest rate decision announcement by the Reserve Bank of New Zealand (RBNZ) on Wednesday.

In order to address the gigantic inflation monster, RBNZ Governor Adrian Orr is expected to elevate its Official Cash Rate by 50 basis points (bps).  The kiwi area is facing the headwinds of advancing energy bills and commodity prices, which are affecting the paychecks of the households. In the first quarter of CY 2022, the interest rate has been elevated to 6.9%, which is highly needed to be fixed by deploying various quantitative measures. However, the continuous hawkish tone from the RBNZ is elevating recession fears. An extreme liquidity shrinkage program in the kiwi zone could dampen the labor market and economic activities.

Meanwhile, the US dollar index (DXY) is juggling in a narrow range of 102.00-102.32 ahead of the speech from Federal Reserve (Fed) chair Jerome Powell. Investors are bracing for a hawkish tone considering inflationary pressures and significant additions in payrolls. Apart from that, the US Purchase Managers Index (PMI) is also on investors’ radar. A preliminary estimate for the S&P Composite PMI is 55.5, lower than the prior release of 56.

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik