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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started flat and finished flat with no real sentiment in global and local markets. AUDUSD back above 76 cents and in the 2015H1 trading band of 76-80 cents as we expected…but now struggling to go higher. US Fed speeches overnight were pushing potential rate rise in April while... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and clawed back to positive territory on the back of strong commodity prices overnight and Asian markets holding. Now that we are past the US Fed problem for another month and a half, the markets will pay more attention to the result season in the US.... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and closed even more negative despite recovering in the middle of the day with latest inflation data. The main game is all about the rate cycle outlook from US Fed in the morning. The local inflation data had something for everyone and nothing in terms of... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive with global sentiment and continued up to finish very strong. Pretty much everything is going up…currency, commodities, European markets, US markets, Asian markets…even Shanghai Composite is up for now. Super Mario is talking tonight and that should give more clarity into ECB outlook while BOJ still... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and remained there as global markets turned optimistic with more stimulus coming from ECB and also potentially from BOJ. Japanese markets bounced 5% today while European markets were all a sea of green overnight. As we mentioned before the US and China risk can be pushed... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and moved higher before giving some back as the day went on with US worry remaining fresh. The US market DOW JONES index dropped as much as 560 points overnight before recovering to close down 250 as global market jump on shadows to sell out. Asian... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market flip flopped between China stimulus, NZ deflation worry and falling local consumer sentiment before Chinese market selloff and falling US market futures really took the market down south. The worry about US market was clear to see today as the selling came in hard in the last few... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started flat and moved positive after China growth outlook was in the ball park while leaving option for potential stimulus. The currency once again pushed back above 69 cents while upcoming Chinese New Year unlikely to support stronger commodity prices in the next few weeks. The recent corrections... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started very negative before recovering over 1% from the lows with better commodities and China property data. The currency also saw some strength to push back above 69 cents while overall commodity cycle remains negative leading into the Chinese New Year. The recent corrections in global markets are... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started very positive before dropping 2.5% from the intra-day high to the low while still managing to recover some losses at the close. The optimism on the open was driven by better commodity prices and rebound in the US markets. But as we alluded to yesterday, the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened negative with global markets before recovering some losses. The market gave most of the China bounce form yesterday to the US fall today. Tomorrow is Friday and investors will not be willing to make big bets on a Friday with heightened market worry. The market worry is... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened on positive sentiment and then was further supported by the job vacancy data before the Chinese trade data set the rocket under the market. We saw a lot of short covering as the volatility index reached stretched levels and further boosted the market performance today. The positive... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market flip-flopped aimlessly before closing in the slight negative territory. China seems to be stabilising, but the question remains over US corporate season. The US markets are showing signs of potential “Death Cross” rollover in the US reporting season…where 12 monthly MA and 24 monthly MA rolls over 36... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened negative and kept on falling with global investor selling before recovering some of the losses in the back end of the day. The move by China to allow Yuan to devaluate with the falling growth outlook is how the free market was expected to work. But in... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened substantially negative with global markets before recovering to close slightly negative after touching positive territory for a very short time. The US and Euro markets had the expected dummy spit overnight mainly on the devaluation of Yuan. This was all about the Chinese returning the favour to... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened negative with US markets before the Chiquities debacle made the global investors take down the Aussie market as the whipping boy for China. The day started with US markets falling over on weaker than expected growth outlook as the positiveness from lower cost of borrowings and oil... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market maintains the negative mode as it remains under the global investor selling pressure with currency getting down below 71 cents before bouncing. During the holiday period, the lack of buying support from insto land means that any selling pressure from the global investors looking to reduce market exposure... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and saw substantial selling at the close to end at the lows. Chinese market will take a few days to settle and build better sentiment. The market is likely to trade sideways to down over the next few weeks before strong profit taking pressure brings it... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market continues to defy pessimist and delivered 9th straight positive day since the middle of December on relatively low turnover and positive commodities sentiment. The last time the market had more than 9 consecutive positive days was in February 2015 when the market had a big run up to... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market has delivered 8th straight positive day since the middle of December on relatively low turnover. Local retail investors are in control during school holidays and they are chasing bargains in low interest rate environment while the global investors were happy to be on the sidelines as the currency... Show More