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Forex News Trading Events For The Week of 9th – 13th March

Jarratt Davis
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I’ve put together some analysis of this week’s Forex news events, which I hope will give everyone a good understanding of how I’m viewing the market for this week.

This week’s “high impact” news event that I will be looking to trade is as follows;

Wednesday 11th March 2015

NZD  - Official Cash Rate, Rate Statement & Press Conference – 08:00pm

I don’t expect the RBNZ to cut rates however these events are important at this time because there was a little bit of speculation last week that the RBNZ might cut rates to cater for their housing market – personally I don’t think that they will I think it’s too premature at this point.

However because of the speculation we could see a little bit of weakness on the NZD leading into the event – this isn’t something I’m going to be trading but it is worth noting and keeping an eye on.

More importantly we will want to look at what the RBNZ say in their statement – are they becoming more dovish, if they are we could look to trade out of the event looking at shorts on NZDUSD if however they are more hawkish than expected we could look at buying the NZD against the JPY or the EUR.

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