A$ on the move
Jim Devonport
Compass Global Markets
AUD/USD: Pushed higher still as the RBA kept interest rates on hold and released a more hawkish statement than expected. The move ignored weaker Chinese Manufacturing and we now turn to speeches to be given by Stevens and Yellen over the next 24 hours. Technically our target now sits just 50 points away. AUD/NZD: Traded flat as both centers released positive data, with NZ dairy price’s rebounding after 3 consecutive falls. There is no more NZ data due, so direction will come from this side of the Tasman and should see a push higher. AUD/GBP: A second day of sizeable gains as the market readjusts their recent optimism over the UK economy. UK Manufacturing disappointed and Construction numbers are due this evening, also expected to be weaker, therefore suggesting this run higher may still have more in it. AUD/EUR: The Aussie Dollar’s strength outweighed a 4 year low in European unemployment as the market prepares for tomorrows ECB meeting. We suggest placing orders, but do target a 2c move higher still. 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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