A busy day ahead but will we get any movement??
Jim Devonport
Compass Global Markets
AUDUSD: A more subdued start to the week, as one would expect with a bank holiday and ahead of a data filled day today. Today’s major data releases and policy announcement by the RBA have the potential to force a break out of the current 1 cent range, however any move is likely to be tempered as we wait for the US jobs numbers on Friday. AUDEUR: Hardly any movement here despite a slight pickup in European Manufacturing. On the charts we'll look for a test of the gradual upward channel. AUDGBP: Also held in tight price action, despite UK Manufacturing showing a 27th straight month of growth. Construction data is due this evening and expected to follow the same pattern, but result in a more exaggerated move as the domestic data would have passed. The trend is still firmly down. AUDNZD: The bank holiday ensured 1 way traffic and pushed the cross lower. Today’s domestic events and tonight's NZ Dairy Price, (plus tomorrow's NZ Employment), figures are set to make a volatile 24 hours. Support at 1.10 should hold.
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Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships.
Constantly travelling between the Australian and New Zealand offices, Jim’s primary aim is to assist business and high net worth clients on either side of the Tasman with their international money transfers and to effectively manage their foreign exchange risk. Jim happily does this with two main beliefs; the first is to not trying to make money from the financial markets, but protecting capital exposure by actively negating adverse market moves so thereby protecting your bottom line. The second is the use of a solid mix of spot and forward contracts, along with currency options when suitable, to help to create a watertight hedging strategy.
Jim is always glad to offer his guidance in any area of foreign exchange, or the financial markets as a whole, and welcomes the chance to meet with businesses or individuals for a brief chat or more detailed discussion.
Jim Devonport
E: jim@compassmarkets.com
T: 02 8039 1485
M: 0415 066 468
1 topic
Jim Devonport
Compass Global Markets
Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
Expertise
No areas of expertise
Jim Devonport
Compass Global Markets
Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...
Expertise
No areas of expertise
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