global investor selloff

Mathan Somasundaram

Aussie market ran into a brick wall of profit taking from global investors ahead of similar profit taking in Europe and US tonight. As we have been saying for the past few weeks, all the macro, fundamental, technical and trend leading indicators were showing profit taking was coming. It was... Show More

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

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

Mathan Somasundaram

Aussie market opened up unconvincingly on low volume before weak China data drove global investors to sell on currency worry. The market is likely to trade sideways to down over the next few weeks before strong profit taking pressure brings it back as the US and domestic reporting season worries... Show More

Mathan Somasundaram

Aussie market delivered another positive day despite global investors selling on currency and market strength. The low turnover day like today was caught between optimistic local investor and pessimistic global investor. The last 3 years of daily returns will tell you that there is less than 3% probability of getting... Show More

Mathan Somasundaram

Aussie market was once again taken to the cleaners with negative global sentiment and falling currency. We have had 12 out of the last 15 days being negative. The rate rise in US will happen this week or any future US Fed update will become worthless. US Fed will raise... Show More

Mathan Somasundaram

Aussie market huffed and puffed and delivered fourth straight negative day despite banks holding up. We have had 11 out of the last 14 days being negative. But we continue to see market showing support around the 5000 level on valuation and we have seen profit taking after the market... Show More

Mathan Somasundaram

Aussie market started negative on global sentiment and then ran into global investor selling after employment data directly from the “Never Never Land”. ABS announced that Australia created over 70,000 new jobs while consensus expectations were for a loss of 10,000 jobs. The market is going to remain volatile till... Show More

Mathan Somasundaram

Aussie market took ran into another profit taking from global investors as the currency risk turned up again. AUDUSD is holding up like the All Black forward pack despite everything looking negative. RBA has now resorted to telling the market to not trust the forecasts in order to drive uncertainty... Show More

Mathan Somasundaram

Aussie market followed the global red paint outlook and started with a Friday the 13th special 2% drop before recovering slightly. The damage was all about US Fed’s move on rates higher looking even more certain in December. The stronger the USD gets, the weaker the AUD and commodities go.... Show More

Mathan Somasundaram

Aussie market started with a hammering and then recovered more than half the way back after global markets set a negative trend overnight. We see the global investor selling pressure holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to... Show More

Mathan Somasundaram

Aussie market started negative and then had a slight recovery before the close. The selling looks to be global investors selling out of Australia for currency worry on both equities and bonds. All the macro signals from US Fed, China and the domestic economy points to lower currency and hence... Show More

Mathan Somasundaram

Aussie market Turn-bear for Malcolm Turn-bull’s first day in charge. The big picture globally still remains on tender hooks as far as what the US Fed interest rate cycle will deliver. Markets are expecting that the benign inflation, failing global growth and China slowdown will force US Fed to push... Show More

Mathan Somasundaram

Aussie market recovered from early selling pressure to only be slightly down despite negative global lead. Bargain hunters were chasing quality stocks in the selloff back near fair value as in August. The currency poked its head below 69 cents before closing above it while the global investor selling seems... Show More

Mathan Somasundaram

Aussie market started positive on yield chase before getting smacked down by substantial global investor selling pressure after very poor GDP data yesterday and weak retail data today. The global investor reaction was logical as currency is expected to fall substantially post weak retail data and very weak GDP growth... Show More

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Mathan Somasundaram

Aussie market started positive and lost steam with RBA minutes and then it was gutted by post lunch selloff by global investors due to substantial AUD devaluation worries coming from China Yuan devaluation. Shanghai index is down over 6% today and there seems to be worry about overall growth and... Show More