Aussie the only currency moving at the moment
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Jim Devonport
Forex Worldwide
AUDUSD: Sold off the highs as Chinese equities dropped and on increasing chances of the FOMC hiking. Technically the flag formation has finally broken to the downside and hit support, but with no major data due, these levels should hold. AUDEUR: Fell as the Euro was kept on the sidelines ahead of the ECB meet. The market is hopeful of definitive QE comments and whether it will be added to as a way of stimulating the faltering economy. Should this happen then we’d expect a sizeable correction higher and target of 0.66 cents. AUDGBP: Carney spoke more on Europe than interest rates, however the Chinese investment into the UK has supported the Pound and seen a further pull back. Retail Sales tonight should give more support to the downward trend. AUDNZD: Yesterdays forecast 50 points of upside was hit, but the cross soon pulled back. However we cannot see a reason for a return to lower levels yet. Our short term target is now 150 points above and a more “neutral” area for this pair to be. 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
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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