Will they or won't they?
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Jim Devonport
Forex Worldwide
AUDUSD: Pushed on as market sentiment starts to swing away from an FOMC hike. US Inflation data disappointed and we hit the top of the upward channel. We strongly suggest putting orders in both sides of the market for what will certainly be a volatile next 24 hours. AUDEUR: 3 week highs with a weaker than expected EU Inflation print. There is no major data set to come for the rest of the week, so we shouldn’t see fresh highs yet, but our target is trend line resistance from May sitting 150 points above. AUDGBP: Closed flat having traded either side of the upward channel. UK data was healthy negating the earlier run higher by the Aussie. Tonight's Retail Sales should impress and force a break back to Monday’s levels. AUDNZD: Top of the upward channel as Current Account data disappointed. NZ GDP numbers come this morning and are expected to show an improvement meaning the channel should hold. Support for those buying AUD sits 60 points below. CONTACT US ABOUT 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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