commodity trade

Local market bounced back from yesterday’s underperformance on the back of strong commodities and AUDUSD. Banks were up on currency/yield trade while Resources were up on commodity bounce. Aussie CPI data tomorrow…high AUDUSD means outlook is for weaker inflation…unlikely to back any RBA rate hike scare story in 2017. The... Show More

Aussie market jumped out on the US positive lead and then just fell apart to finish a slight positive day with “Fed Scare”. The risk catalyst for the market has moved from bottom-up stocks update to top-down macro updates. We have RBA speech tomorrow followed by Fed speech, ADP employment... Show More