Todays Chinese numbers and tomorrows RBA minutes key for medium term
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Jim Devonport
Forex Worldwide
AUDUSD: On the back foot as mixed US data kept the market guessing as to timing of the first Fed hike. Today's Chinese data will be important, along with tomorrows RBA minutes. Technically a break of the flag formation determines direction. AUDEUR: Another dip in EU inflation kept this pair well contained. Attention turns to the ECB on Thursday and so expect this range to be held until then. Interestingly we sit shy of resistance that comes from April highs and if broken should see a 150+ point move. AUDGBP: Spent most of last week giving up gains made at the start of October. A speech by the BOE’s Carney tomorrow and Thursday's UK Retail Sales are our focal points. Technically we need support 50 points below to hold for any hope of another look to the top side. AUDNZD: Pushes lower still as the market prices in an end to the RBNZ’s rate cuts. Tuesday night’s Global Dairy Trade Price number takes on even greater significance. On the charts support should hold here, as it did in May. (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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