Plenty of market moving data and fed speak to come yet
.png)
Jim Devonport
Forex Worldwide
AUDUSD: Positive local data pushed the A$ higher, but it hit firm technical resistance of the channel. Impressive US economic data and a speech by FOMC Chief Yellen suggesting a Christmas interest rate hike is on the cards saw this pair sink again. RBA Governor Stevens speaks this morning and we have more Fed chatter this evening. The downward channel should continue to hold. AUDEUR: Continues to impress as the Euro now sits firmly below 1.10 against the US$. The European Commission release their economic forecasts this evening which should keep us trading around the 50% retracement of the 6 month sell off for now. AUDGBP: Sterling strengthened yesterday as Services data impressed and we wait for the BoE tonight. There has been reports suggesting the BoE might raise interest rates before their US counterparts and this evening’s communique should confirm or deny that. AUDNZD: A 3rd solid day of gains to hit 3 week highs as NZ Unemployment ticked higher. We should have a minimum 100 points of upside still to come in the short term. FULL REPORT: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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
.png)
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
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Why "buy and manage" is the better way to invest in stocks
Livewire Markets
