EYES ON FED SPEAK, NON FARM PAYROLLS AND NEXT WEEKS RBA MEET.
.png)
Jim Devonport
Forex Worldwide
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.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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
.png)
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
Comments
Comments
Sign In or Join Free to comment