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ECB to lead cavalcade of central bank meetings: Hardy

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March 07, 2016 audnzd, aussie, bank of canada, boc, central banks, commodities, currencies, ecb, equities, eur, euro, european central bank, eurusd, forex, fx, john hardy, kiwi, monetary policy, nzd, rbnz, reserve bank of new zealand, saxo bank, saxo bank tradingfloor.com, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, sp500, trading, tradingfloor, tradingfloor.com, tradingfloorcom, usd
A cavalcade of central bank meetings will keep FX traders busy this week with the European Central Bank being the biggest event of them all, says Saxo Bank’s John Hardy.

Hardy looks at how to trade around the Reserve Bank of New Zealand meeting scheduled for Thursday March 10 (local time). A recent rebound in commodity prices is favourable for the Australian dollar and trading that versus the New Zealand dollar could be a way to play a weaker Kiwi, Hardy says.

He looks at the expectations ahead of Thursday's ECB meeting, which is putting pressure on the bank to come up with new ways to ease its monetary policy further. Hardy says the ECB desperately wants to avoid a repeat of its December meeting, where it failed dismally to meet market expectations. He looks at how the meeting may impact the euro and what FX traders need to watch out for.