Aussie following equities around as we Await Yellen and the NFP
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Jim Devonport
Forex Worldwide
AUDUSD: Dipped then bounced in sympathy with Asian then US equities. The move ignored a pick-up in US Consumer Confidence as the market once again held the range ahead of Yellen’s speech tomorrow and Fridays NFP. Today’s data may see brief spikes, but support holds 50 points below and look to test resistance 135 points above. AUDEUR: Briefly traded outside the 5 week range, but soon bought into and closed flat on the day. The Euro has benefited from weaker equities, but poor data has held it back from further gains. The status quo should continue. AUDGBP: Reversed recent losses as Carney seemed more focused on climate change than interest rates. Current Account data this evening is expected to show a slight improvement. Technically in an upward channel with resistance 1% above a healthy target to sell at. AUDNZD: Bouncing along along the bottom. However we are set for an exciting end to the week with Asian data set to come that could well set us on the way for medium term direction. As always we favour the upside. (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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