WEEK AHEAD: DOLLAR COULD HIT NEW HIGH
Today i bring you a weekly analysis of the NZDUSD Market
The Federal Reserve looks almost certain to approve a 50- basis or half percentage, point rate hike at the conclusion of its May policy meeting on Wednesday . Its first rate hike of that size in over 20 years and announce the start of a reduction of their $9 trillion asset portfolio.
This will be a busy week filled with many major economic data releases. Monday ISM Manufacturing Report is expected to show factory activity posted a small rebound in April and Friday's nonfarm payroll report to show slower job growth. The April non-farm payroll headline number is expected to decrease from 431,000 in March to 390,000 and the unemployment rate is expected to remain steadt at 3.6%
NZD trading faces liquidity issues in the coming week with the majority of Asia on holiday for most of the week. It may also move sharply on Monday as a China correlation trade.
NZDUSD, continues to underperform AUDUSD badly as the market continues to price in an economic showdown with the RBNZ are far behind their inflation curve forcing New Zealand into a recession. New Zealand release employment, participation labour costs and the RBNZ Financial Stability Report on Wednesday
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and i will answer thwm
And please don't forget to support this idea with your like and comment
The Federal Reserve looks almost certain to approve a 50- basis or half percentage, point rate hike at the conclusion of its May policy meeting on Wednesday . Its first rate hike of that size in over 20 years and announce the start of a reduction of their $9 trillion asset portfolio.
This will be a busy week filled with many major economic data releases. Monday ISM Manufacturing Report is expected to show factory activity posted a small rebound in April and Friday's nonfarm payroll report to show slower job growth. The April non-farm payroll headline number is expected to decrease from 431,000 in March to 390,000 and the unemployment rate is expected to remain steadt at 3.6%
NZD trading faces liquidity issues in the coming week with the majority of Asia on holiday for most of the week. It may also move sharply on Monday as a China correlation trade.
NZDUSD, continues to underperform AUDUSD badly as the market continues to price in an economic showdown with the RBNZ are far behind their inflation curve forcing New Zealand into a recession. New Zealand release employment, participation labour costs and the RBNZ Financial Stability Report on Wednesday
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and i will answer thwm
And please don't forget to support this idea with your like and comment
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