A HUGE CURRENCY MARKET MOVING WEEK AHEAD. BE PREPARED.

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)


MORE ON



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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.