Aussie market was once again aimless trended down despite a bounce in the middle of the data after the strong trade data. AUD and commodity prices are under pressure as USD strengthens. The Aussie market continues to run out of juice around 5400. We see similar issues in the US... Show More
Aussie market jumped up on the open with positive global sentiment and then gave up most of it before trading sideways to finish just above the 5400 level. The Aussie market is running out of juice every time it gets to 5400. We see similar issues in the US market... Show More
Aussie market delivered another negative day with weaker global markets and commodities. The market made a mid-day recovery but the comments from RBA governor regarding inflation target and property bubble worries pulled the market back down. We finished below the 5300 psychological level while currency is now below 72 cents.... Show More
Aussie market jumped out of the blocks on US sentiment and Oil price recovery. RBA minutes were as clear as mud. Three of the major four banks and MQG are now trading ex div while the market is trading at stretched multiples with very little chance of another rate cut... Show More
Aussie market ran out of puff after Westpac went ex div to deliver a slight negative day. The market opened up quite negative followed by a mid-day short recovery before trending slightly higher from the lows through the day. US market remains in a precarious position with growth outlook and... Show More
Aussie market delivered the fifth straight positive day as US markets gave a solid sentiment on oil price bounce. The market opened up around 1.5% higher before giving up two-third the gains as the optimism waned on stretched multiples. The market was trading at 12 year high forward multiple when... Show More
Aussie market managed to finish in the black on the back of the banks despite resource stocks getting smacked as all commodities fell overnight. All the commodities were down and the safety play pushed up USD. Banks are holding our market in the black on yield trade as the market... Show More
Despite short term stimulus reprieves, the medium to long term dynamics point to slowing global growth, weaker commodity prices and lower interest rates. The conflicting monetary and fiscal policy settings will continue to weigh on any global growth recovery. The risk of the US Fed move, the negative outlook for... Show More
Aussie market showed some strength today to finish slightly in the black despite negative global lead and weaker commodities. Commodities are in for a double hit as the Chinese government takes away the sugar hit that boosted Q1 growth while also squeezing the speculators out of the commodity market. The... Show More
Aussie market was hammered on weak global market and commodities sentiment. After the recent China data showed that the Q1 sugar hit to boost growth was beginning to dissipate and the commodities were sitting on speculator support. Commodities were falling overnight like “election promises”. Iron Ore futures are now one... Show More
Aussie market started negative and remained there as the global market and commodity sentiment turned negative. ECB held fire as they wait for Brexit issues to bite while we wait for US Fed next Thursday. We are going into a short week with fund managers back from school holidays. Aussie... Show More
Aussie market started strong and then pulled back before a late recovery to end a decent positive day. The market valuation looks stretched at 5200-5300 and the two main sectors (i.e. banks and miners) seem to run into a brick wall. The two key risks for the Aussie market in... Show More
Aussie market started positive and went further north due to Resources optimism driven by China data, Oil optimism driven by potential Doha deal and the Financial optimism driven by US result season. After three consecutive negative weeks, we expected a bounce this week in like with the trend from the... Show More
Slowing global growth, weak commodity prices and rising US inflation ahead of the US reporting season remain potential catalysts set to drive profit taking in early April. US Fed has locked its path to interest rate normalisation to the rising inflation band wagon. Despite weak expectations, the US reporting season... Show More
