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Jim Devonport
Forex Worldwide
AUDUSD: Resilient and trading around the half way level of the mid-August sell off, despite a change of PM. RBA Minutes are released this morning and US Retail Sales this evening. Both have the potential to push this pair higher still. Firm technical resistance sits at the bottom of the range that held throughout the last couple of months; 100 points above. AUDEUR: Back at the top of the range, although the move was tempered by a strong EU Industrial Production read. A weaker German ZEW is expected this evening so should push through 3 week old resistance. Monthly trend-line resistance sits 200 points above. AUDGBP: Aussie Dollar positivity continued here as well. We sit bang on the 50% retracement of the range seen since the start of August as we wait for an expected weak UK Inflation data that should see us push on. AUDNZD: Grinds higher as the market digests the RBNZ. NZ Dairy Prices over night will see volatility continue with our target 150 points above. CALL TO DISCUSS YOUR CURRENCY EXPOSURE. (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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1 topic
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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