Post-BoE and pre-NFP. Our session is the eye of the storm -take stock and place orders.
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Jim Devonport
Forex Worldwide
AUDUSD: Held in a tight range as Steven’s didn’t produce any surprises and as we await the NFP. This number could be the deciding factor for the FOMC, so should produce sizeable volatility. On the charts we are held in a downward channel but expect that to be tested overnight, so strongly suggest placing orders. AUDEUR: Flat trading for this pair with focus set elsewhere. There is no major data from the EU until next week, so we’ll continue to trade around the 50% retracement of the 6 month sell. AUDGBP: All go here as the BoE firmly stated that domestic inflation was too low for them to consider hiking. UK Manufacturing Production is due this evening and expected to show a small decline, so may see a further push higher but... AUDNZD: A small correction overnight, as can be expected considering we sit 3 cents higher than Monday. Short term price action will be determined this side of the Tasman and from Chinese data. As ever, we expect higher levels to come. 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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