Signs of life for the Australian Dollar to be snubbed out by Governor Yellen?
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Jim Devonport
Forex Worldwide
AUDUSD: Up 100+ points as the Chinese Government confirmed it would buy into the SSE, whilst US Consumer Sentiment dropped. Focus is on tonight’s FOMC meeting and any confirmation that interest rates are to be tightened come September. Signs of a delay and the Aussie should break, however for today we see these levels being sold into as we hit technical resistance that acted as support on the way down. AUDEUR: A solid recovery here as well, off forecast support lows to correct Monday’s losses. However looking at the charts and it appears these highs may be it for short term Euro buyers. AUDGBP: Also reclaimed Mondays move, despite solid UK economic data. There are a couple of second tier numbers this evening, however markets are in a holding pattern ahead of the US session so should trade sideways if not lower today. AUDNZD: Drifted lower still and had one sharp move as a result of a less dovish than expected speech by RBNZ Governor Wheeler. There is no NZ data released until Friday so one should expect a recovery....
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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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