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Sunset Strip > Trading Day Wrap From Blue Ocean 20170801

Mathan Somasundaram

Local market climbed out of US weak sentiment to deliver a positive day on the back of better commodities and China data. US data out tonight will deliver more clarity on the US Fed outlook while underwhelming US reporting season needs to maintain the pace to support the market multiples.... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170728

Mathan Somasundaram

Local market ran into a surprise smashing with every sector in the red. US market risk with VIX jumping 20% intraday and Tech selloff spooked the market…while Japanese inflation proved that the low inflation outlook is a global problem. July count sits at 10 up days and 10 down days…in... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170727

Mathan Somasundaram

Local market flip flopped to deliver a slight positive day despite big bounce in AUDUSD/commodities and a fall in bond yields. July count sits at 10 up days and 9 down days…we have had the first 3 consecutive positive days in July. Expect a run to finish July in positive... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170629

Mathan Somasundaram

Local market had another cracker day on the back of better commodities and higher rates outlook. Commodities had another good night with Iron Ore leading the charge…Iron Ore up nearly 10% in two days. US dollar continues to fall after another Health Care fail supporting IMF call to downgrade US... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170623

Mathan Somasundaram

Local market had a relief bounce with very little sentiment. Commodities were holding while currency pulled back. We saw a lot of short covering driving up performances in beaten up stocks on a weak sentiment day. The best performing sectors were Health Care, Miners and Telecom Services while the worst... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170324

Mathan Somasundaram

Local market made a solid surprise recovery respite health care changes in US ran into stumbling blocks. Local market was pushed up by Telcos, Banks and Staples while Gold and Industrials were the negative performers. Today’s market performance shows that the underlying driver is still reflation trade and that hold... Show More

Desk Note - the case for holding US$ exposure - targeting A$ dropping to ~65c

Wentworth Securities

It may be timely to enter the US$ trade. The A$ has been propped up by the Chinese stimulus from early 2016, which has seen an explosive recovery in commodity prices. Chinese growth is forecast to slow.If you look through the half yearly reports, the major producers have expressed concerns... Show More

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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market ran up for the first half of the day on better risk appetite and stronger currency before spending the second half trading sideways. The data continues to support US Fed rate hike while US Fed commentary remains mixed between slightly hawkish to slight dovish. The US reporting season had... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open with global market sentiment, weak oil and bank sector worries after WBC update. The market was pulled down by Banks and TLS while IT and retail were the best on the positive end. Local market seems to have broken the uptrend after pulling back... Show More

What's next for the AUD, following the rate cut of the RBA this week?

Saxo Capital Markets Australia

Following the reduction of the cash rate in Australia to 1.5% this week, Saxo's Global macro strategist Kay Van-Petersen is now expecting the Aussie dollar to strengthen against the USD. Not because of the Aussie dollar's own strength; this is more of a relative game. Watch the following video to... Show More

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How to trade the Aussie dollar this week: Saxo

Saxo Capital Markets Australia

The AUDUSD looked weak in the last couple of sessions, following the Brexit UK referendum, but it found the support again above the 0.73 cents handle. According to Saxo Capital Markets traders based in Sydney, the resistance levels remain at 0.7380, 0.74 and 0.7460 while the support levels are the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was positive and volatile before the RBA announcement and then gave up pretty much all the upside as the currency retraced higher as RBA joined US Fed on the sidelines. US Fed lost pretty much any credibility left in the market after turning into “violet crumble” overnight. US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was hammered due to strengthening USD after US Fed minutes pointed to rate rise cycle. The rising USD took down commodity prices and currencies everywhere. Resources were the most beaten up today and that may last a few more weeks as every US data confirming potential rate rise... Show More

Technicals - AUD/USD major support located at 0.7385

Angela Mangan

The AUD/USD originally generated a technical buy signal at 0.7228 on 22/2/16. Show More

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Westpac Economics weekly video update 29 April 2016

Elliot Clarke

This week my colleague Andrew Hanlan takes us through the key events for Australia during the (very eventful) past week. He then goes on to detail the implication for next week's RBA decision and #Budget 2016 Show More

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"We may have seen the top of the AUD at 0.78 US cents", say Sydney-based Saxo traders

Saxo Capital Markets Australia

The Aussie Dollar plunged more than 200 basis points following the release of the quarterly CPI number for Australia on Wednesday 27-April. The -0.2% for the 1Q16 was the lowest in seven years. According to Sydney-bases Saxo Capital Markets' traders, the most recent price actions seem to indicate that "we... Show More

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AUD/USD TECHNICALS - KEY RESISTANCE TO WATCH LOCATED @0.7681

Angela Mangan

The AUD/USD previously generated a technical buy signal at 0.7228 on 22/2/16. Show More

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AUDUSD appears to have found a support level at 0.75

Saxo Capital Markets Australia

After five consecutive days of positive gains, the US dollar index (DX) fell and the AUDUSD appears to have found the support level at 0.75 handle. Saxo’s Sydney-based traders expect the AUDUSD to trade below the resistance level 0.76 handle given the lack of economic data this week, until Friday’s... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and ran hard with all parts of the market moving up before pulling back to close a solid positive day post US Fed turning dovish. US Fed completely gave up the game to Wall Street and pulled back rate rise outlook to 2 from 4. Markets... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive on positive global sentiment before giving up half the gains as the day went on. The market realised that the ECB has thrown everything on the table and will be accommodative for few years of low growth. PBOC is on media frenzy mode to explain allowing... Show More