If its going to move, today's the day.

Jim Devonport

Compass Global Markets

AUD/USD: Risk aversion kept the A$ on the back foot, as did the downward channel that currently holds firm as we wait for today’s Monetary Policy Minutes. This evenings US inflation print will also be of interest given the virtual certainty of a US interest rate hike next month. Overall plenty of room to the downside. AUD/NZD: Despite a pick up in NZ Retail sales the cross has pushed higher as the Kiwi suffers the most from the risk off sentiment. NZ Inflation Expectations are due this morning ensuring continued volatility but the upward trend should hold. AUD/GBP: Sterling made only a small gain as it fails to make any headway against the US$. Inflation data is expected to show another weak print and further delaying any hopes for an interest rate hike until this time next year. Resistance sits 70 points above. AUD/EUR: The Euro suffers with Europe in the midst of an economic, political and immigration crises. This pair should travel higher as long as the domestic and Chinese situation doesn’t worsen. FULL REPORT: (VIEW LINK)


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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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