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)


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...

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