Jim Devonport

Compass Global Markets

AUD/USD: Closed at the week’s lows and we expect levels to remain here today whilst we wait for the RBA and flood of major domestic, Chinese and US data over the next few days. These numbers have the potential to really move this market, so strongly suggest placing orders at target levels. AUD/NZD: Recovering from the recent poor Australian data, whilst holding the upward channel. NZ Business Confidence is due this morning and Dairy Prices on Wednesday, so with both expected to dsiapoint the upside is favoured. We target August highs, 4 cents above. AUD/GBP: Traded flat on Friday, as both centres released weaker than expected data. Carney speaks tomorrow, followed by data from most sectors through the rest of the week. Coupled with the important local numbers we have the potential to have a sizeable move in either direction. AUD/EUR: Maintained rejection of the recent highs as the market waits for the ECB meet on Thursday, so it will be the home-grown numbers that determine direction in the meantime. Technically we sit bang on resistance of the uptrend. (VIEW LINK)

Jim Devonport
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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