Another interesting day

January 12, 2018

Finport Currency Brief - Courtesy of Compass Global Markets.


Good morning,

As mentioned yesterday, price action in the currency markets is starting to pick up now, seeing the A$US$ up 60 odd points as local Retail Sales data surprised to the upside and US Producer Prices fell. The latter suggesting inflation is on the wane in the US and some in the market are pricing out a third interest rate hike from the US Federal Reserve. Looking ahead and tonight is also expected to be exciting with the release of US inflation and it's own Retail Sales numbers. The odds of A$US$ hitting my forecast 80c next week have shortened dramatically.

Elsewhere A$Euro  pushed back from recent highs as the European Central Bank were less "dovish" than most had expected. This saw the Euro strengthen across the board, but with no more European data due for a couple of weeks future direction is likely to be determined onshore. Keep an eye on our data release. In the UK meanwhile, Nigel Farage has suggested the UK have a second referendum, which has put the cat amongst the proverbial - although he's not in parliament so we're waiting on Boris Johnson or preferably Theresa May to comment before the Pound is likely to fully react. In the meantime we should see A$GBP hold here, if not drift lower.


Have a great weekend.  


Jim Devonport


M: 0415 066 468 











Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts

February 9, 2020

Please reload

Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Free Call: 1800 FINPORT (346767)   Email:

Finport Finance Pty Limited ACN 624 778 123.

Finport Trade Finance Pty Limited ACN 606 669 505.


Business Address: Suite 105, 20A Danks Street, Waterloo, NSW 2017

Registered Office: Level 11, 1 York Street, Sydney NSW 2000

Mailing Address: PO Box 2289, Taren Point NSW 2229


Finport makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.

Website Terms of Use     Disclaimer    Privacy Policy

  • Facebook Social Icon