Fed adds fuel to belief in a delay to rate hikes this year
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Jim Devonport
Forex Worldwide
AUDUSD: Rallied up from the lower end of the range as US Inflation data fell below forecast and the FOMC were less hawkish than expected, suggesting no rate hike from them this year. We have no market moving data due for at least a week so see no reason for a break of the USD 2 cent range. AUDEUR: The Euro has strengthened as EU policy makers agreed to the first tranche of Greek bailout funds. There is nothing of note from Europe expected today, however manufacturing numbers come tomorrow so we should sit around here until then. AUDGBP: A lack of data from either center ensured this pair held at recent lows. UK Retail Sales figures are set for release this evening and expected to show a pick up there so the downward trend should continue. AUDNZD: Tried to make a recovery, however the market is happy to hold around here following the pick-up in dairy prices. We favour a return to levels seen at the start of the week as NZ exporters take advantage of this correction. (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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