Will they or won't they?

Jim Devonport

Compass Global Markets

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)

Jim Devonport
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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter