Fed's Fischer confirms a hike in December

Jim Devonport

Compass Global Markets

AUD/USD: It has been a choppy few days for the A$ after a strong domestic employment read last week provoked a rally, followed by upbeat comments from Fed member Fischer increasing market expectation of a US rate hike this year and eroding some of those gains. The A$ opens remarkably strong this morning and all eyes now turn to the RBA minutes tomorrow. AUD/NZD: Traded sideways throughout Fridays domestic session and with the weaker retails sales and Fed comments over the weekend presenting mixed results the NZD has stayed within a tight range. AUD/GBP: Sterling enjoyed a strong week and opens stronger. Inflation data out of the UK tomorrow will be key. AUD/EUR: As you would expect after the horror events in Paris the Euro has had a volatile few days. In the short term the Euro appears to have consolidated although with further QE expected from the Eurozone and the Fed looking to hike rates there is considerable risk to the downside for the common currency. FULL REPORT: (VIEW LINK)


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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