EYES ON FED SPEAK, NON FARM PAYROLLS AND NEXT WEEKS RBA MEET.

Jim Devonport

Compass Global Markets

AUDUSD: Held firm to finish the week as the market continues to digest Yellen's comments. We have more Fed speak this evening and the Chairwoman speaks again on Thursday, so that’s our only real focus until Fridays all important NFP then the RBA a week tomorrow. Given the significance of the above price action shouldn't stray too far from these levels. AUDEUR: Had a brief look higher on Friday, however the market was in no mood for new ground and we closed flat. No major data from the EU this week and the chart suggests trading will remain tight until early October. AUDGBP: Sterling lost some ground as the market pares back thoughts of a BoE hike and we head towards year long trend line resistance. Carney speaks, UK Current Account Numbers and UK Manufacturing data come this week but we cannot see any reason for a break for another 8 days. AUDNZD: The market has finished readjusting for Fonterra’s news and has filled the technical RBNZ gap. AUD buyers with NZD receipts may not see better levels.


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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