Big week starts now
Jim Devonport
Compass Global Markets
AUDUSD: Bounced off Fridays lows as the market prefered the currency in more neutral territory ahead of the RBA meet today and the plethora of economic data due this week. On the charts our target sits 160 points higher, being the 50% retracement of sell off seen since mid June. AUDEUR: Hit fresh 4 month highs as the's market prepares for Thursday's ECB meet. Direction for this Aussie cross will be dictated locally and there seems no reason why the upward trend should not continue. AUDGBP: Aussie strengthened here as well, as the short term sell off was corrected. BoE Governor Carney speaks and UK Manufacturing data this evening will take precendence so technically we could well see a break of the 4 month highs and another 1% above. AUDNZD: Upbeat NZ Business Confidence numbers pushed the Tasman cross back to the bottom of the range. Todays Australian data should see that reversed and tomorrows NZ Dairy Price release will be key to see if the upward trend can break the highs, that have capped since late September. (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
1 topic
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...
Expertise
No areas of expertise
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...
Expertise
No areas of expertise
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