Aussie weighed down ahead of NFP and G20
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Jim Devonport
Forex Worldwide
AUDUSD: Continues to be weighed down by mixed local data and as the US numbers show glimpses of improvement. Key support levels around here are holding due to the Chinese holiday and as we head towards theNFP as well as the G20. With a thin market and huge risk events due the potential for a sizeable dip or correction higher has increased. AUDEUR: Aussie has strengthened here as the ECB stated they will keep the QE measures for at least another year and Draghi’s speech was less than hawkish. With no data from either center today we’d suggest this move gets gradually reversed as we head towards the weekend. AUDGBP: A flat close for this pair as both suffer at the hands of a resilient USD. We’d suggest this tight range should hold until next week’s Australian Unemployment data and the BoE meet. AUDNZD: Dipped as the AUD suffers due to its mixed economic data releases and as the sudden upturn in milk prices has the market re-thinking their expectation of a ½% cut at next week’s RBNZ 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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1 topic
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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