Post-BoE and pre-NFP. Our session is the eye of the storm -take stock and place orders.

Jim Devonport

Compass Global Markets

AUDUSD: Held in a tight range as Steven’s didn’t produce any surprises and as we await the NFP. This number could be the deciding factor for the FOMC, so should produce sizeable volatility. On the charts we are held in a downward channel but expect that to be tested overnight, so strongly suggest placing orders. AUDEUR: Flat trading for this pair with focus set elsewhere. There is no major data from the EU until next week, so we’ll continue to trade around the 50% retracement of the 6 month sell. AUDGBP: All go here as the BoE firmly stated that domestic inflation was too low for them to consider hiking. UK Manufacturing Production is due this evening and expected to show a small decline, so may see a further push higher but... AUDNZD: A small correction overnight, as can be expected considering we sit 3 cents higher than Monday. Short term price action will be determined this side of the Tasman and from Chinese data. As ever, we expect higher levels to come. 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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