If its going to move, today's the day.
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Jim Devonport
Forex Worldwide
AUD/USD: Risk aversion kept the A$ on the back foot, as did the downward channel that currently holds firm as we wait for today’s Monetary Policy Minutes. This evenings US inflation print will also be of interest given the virtual certainty of a US interest rate hike next month. Overall plenty of room to the downside. AUD/NZD: Despite a pick up in NZ Retail sales the cross has pushed higher as the Kiwi suffers the most from the risk off sentiment. NZ Inflation Expectations are due this morning ensuring continued volatility but the upward trend should hold. AUD/GBP: Sterling made only a small gain as it fails to make any headway against the US$. Inflation data is expected to show another weak print and further delaying any hopes for an interest rate hike until this time next year. Resistance sits 70 points above. AUD/EUR: The Euro suffers with Europe in the midst of an economic, political and immigration crises. This pair should travel higher as long as the domestic and Chinese situation doesn’t worsen. FULL REPORT: (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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