A$ corrects lower and a must watch EU video
Jim Devonport
Compass Global Markets
AUD/USD: The push higher was held in check with a recovering US$, commodities falling in tandem with equities, as the market squared up ahead of Thanksgiving and on geo-political tensions. The US holiday should mean that price action remains stable. AUD/NZD: This morning’s NZ Trade Balance numbers are the weeks only focus so could force a break of the 1c range should we see a surprising release. Technically the overall uptrend remains in place. AUD/GBP: Corrected lower from the recent highs, so congratulations to those that took our suggestion to pick up Pounds yesterday. We should hold around here with the US market closed and as we wait for UK GDP figures tomorrow. AUD/EUR: The Euro continues to weaken as the market further prices in the stimulatory measures. Not one to push any political view, however this video is proving a hit with a growing number of British and European people (
&autoplay=1 ). Back to the currencies and with no EU data due until next week the trend should continue on its way. FULL REPORT: (VIEW LINK)
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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
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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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