Asian equities give Aussie the jitters

Jim Devonport

Compass Global Markets

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)


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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