All going right for those buying from offshore

Jim Devonport

Compass Global Markets

AUD/USD: Recovered short term losses as commodities and equities bounced, the US Dollar Index fell - as forecast and the RBA’s Governor Steven’s scomments. There is no major local data due today, so we should see a slow drift off from the open as we head towards US data this evening Thanksgiving tomorrow. AUD/NZD: Edges higher still on Steven’s comments. Tomorrows NZ Trade Balance figures may slow the trend but we appear set for August highs. AUDGBP: Hit 3 month old trend line resistance as Carney suggests interest rates are set to stay low for some time and recent data confirms growth is slowing in the UK with inflation is virtually non-existent. UK GDP is due Friday so we should see the technicals hold and we’d suggest those buying Pounds act now. AUD/EUR: At 4 month highs, despite a solid pick up in the Ifo that improved to a 17 month high, (pre-"Paris”). The uptrend therefore continues as a flood of more Euro’s is expected into the system next month, suggesting a test of levels seen in April. (VIEW LINK)


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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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