Asian equities give Aussie the jitters
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Jim Devonport
Forex Worldwide
AUDUSD: Aussie dipped upon the start of the UK session as the markets reacted to another sell off in Asian equities. However a batch of mixed US data ensured the lower levels were bought into and we closed virtually flat. Chinese Caixin Manufacturing data and the Shanghai stock exchange is our focus today and will determine what side of the range we test next. AUDEUR: The Euro strengthened again as Tsipras called for an early election. French/German Manufacturing data is due this evening and should see us hold these 2015 lows. AUDGBP: Sterling rallied on the call for Greek elections and a weakening in Asia. However a drop in Retail Sales meant most of the earlier move was reversed by the close. With nothing of note due we should stay around the 3 day old range. AUDNZD: Asian equity markets took their toll on Aussie and as the thoughts of a ½% cut RBNZ cut next month are pared back. Lower highs and higher lows suggest a larger move is building for just when the two central banks meet. (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
Manager
Forex Worldwide
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
Manager
Forex Worldwide
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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