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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open in line with US markets before recovering on the Democratic debate win to halve the loss for the day. As with any political polarising debates, this will be analysed with a substantial spin cycle while the equity markets, currency markets and the betting agencies... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started in a rush to push through all the trades from yesterday in the open before settling into an up and down day to finish slightly positive and no real sentiment ahead of BOJ and US Fed. Aussie market is holding to the optimism like bulldog but the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started with a bang after US rebound and then became a fizzer to end slightly negative. The global markets on Friday was hit by ECB back tracking on stimulus outlook and US Fed putting up a unexpected speech on Monday from a dovish speaker. The scare factor with... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open and then pretty much traded sideways with a few failed recovery cycles. The market sentiment continues to be aimless as it waits for US clarity post relatively weak employment data. US markets were closed last night for Labor Day long weekend and the markets... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ran up on currency resurgence before pulling back a bit at the end of the day. It was all about the market losing faith in US Fed and weakness flowing through in USD. AUDUSD was below 76 cents last night but then it climbed back near mid 76... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started slightly positive before pulling back to negative territory and reverse yesterday’s performance almost sector by sector. The resource stocks were the only real positive performers with Gold stocks leading the way as USD weakens. Unlike the last few days the market big moves on result were all... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was aimless and volatile for the first few hours before starting a steady climb for a positive day on the back of the big banks. The market was pushed up mainly by the Banks with resources playing second fiddle to cover the negative performance from the rest of... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell from the open to break the 6 day positive streak on weak global sentiment and oil reaching bear territory while a mini bounce on another wasted rate cut at 2:30pm faded as quickly as it came. The market has had a great run since mid-June and we... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open but recovered through the day on the back of the yield trade ahead of the CPI data tomorrow to finish in the black. That’s 21 positive days out of 28 trading days since mid-June. The market was betting on weak CPI data to drive... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was pulled down by miners from the start before closing slightly higher than the day’s lows. The negative day ends an 8 day positive run. There have been only been two times since the GFC that the market had more than 8 consecutive positive days…10 days in mid... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started strong on global sentiment and then gave up some of the gains for profit taking before closing well in the positive territory. The main drivers were banks and miners. The market has moved from Brexit worry at the end of June to bulling sentiment on weak central... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative before substantial buying support for the banks came out of the left field and drove the market higher even before RBA came out with a rate cut. It was almost like some big investors knew there was a rate cut coming or were willing to take... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and finished negative after pulling back to even on the back of banks. The market was a tale of two cities. Resources maintain the negative sentiment as commodity prices pullback and the Financials were showing strength with Banks and Property Trusts leading the way. Banks are... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market had a strong day in line with global markets overnight. The two key risks for the Aussie market in the short term are US reporting season and Commodities. US reporting season so far remains slightly above expectations. But the expectations are for third negative quarter in a row.... Show More

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 on weaker commodities and the market went on with the negativity as US Fed decision is only a few days away. BOJ left rates on hold as they wait to see where the negative rates take them before making any more changes. The main game is... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive on strong commodities and finished negative on weak China and Japan outlook. The Chinese trade data was a reality check for the market that was looking at the potential stimulus from PBOC instead of the growth downgrade. Japanese GDP data was restated and that confirmed the... Show More