NZD/USD oscillates in a 0.6550-0.6560 range ahead of US NFP
03.06.2022, 06:45

NZD/USD oscillates in a 0.6550-0.6560 range ahead of US NFP

  • NZD/USD is juggling a 10-pips range as investors’ focus is shifted to the US NFP.
  • Investors should brace for volatility in the DXY on lower forecasts of NFPs.
  • The RBNZ will reach neutral rates sooner than other Western leaders.

The NZD/USD pair is displaying a balanced profile in a narrow range of 0.6551-0.6561 in the early European session. The anxiety over the release of the US Nonfarm Payrolls (NFP) has sidelined the market participants. The boring activity could be the optimal tag to define the current performance of the FX domain.

As per the market consensus, 325k fresh payrolls are expected to release by the US Bureau of Labor Statistics for May. However, the payroll data from the Automatic Data Processing (ADP) Employment Change has trimmed the forecasts for NFPs significantly.

The ADP Employment Change has reported that the US economy has managed to add 128k jobs in the labor market. Therefore, expectations of 325k additional jobs in May would be meaningless. One more thing, investors should consider is the former and 10-month average NFP print. In April, the NFP landed at 428k while the 12-month average NFP is 551.6k. A serious plunge in the NFP for May is going to hurt the US dollar index (DXY) principally.

On the kiwi front, the pace of hiking interest rates by the Reserve Bank of New Zealand (RBNZ) is much faster than other Western leaders. Therefore, the RBNZ will reach neutral rates sooner than other major central banks. It would be worth seeing whether the quick rate hikes by the RBNZ will perform the required job effectively or not.

 

 

© 2000-2025. 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