us death cross

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started negative and soon went very negative as the bank sector took a bashing in line with recent global bank selloff regarding fears in funding costs and liquidity. BOQ update today did not help to improve market sentiment on banks. US Fed’s Janet Yellen will deliver her semi-annual... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and moved higher before giving some back as the day went on with US worry remaining fresh. The US market DOW JONES index dropped as much as 560 points overnight before recovering to close down 250 as global market jump on shadows to sell out. Asian... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started very positive before dropping 2.5% from the intra-day high to the low while still managing to recover some losses at the close. The optimism on the open was driven by better commodity prices and rebound in the US markets. But as we alluded to yesterday, the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened negative with global markets before recovering some losses. The market gave most of the China bounce form yesterday to the US fall today. Tomorrow is Friday and investors will not be willing to make big bets on a Friday with heightened market worry. The market worry is... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened on positive sentiment and then was further supported by the job vacancy data before the Chinese trade data set the rocket under the market. We saw a lot of short covering as the volatility index reached stretched levels and further boosted the market performance today. The positive... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market flip-flopped aimlessly before closing in the slight negative territory. China seems to be stabilising, but the question remains over US corporate season. The US markets are showing signs of potential “Death Cross” rollover in the US reporting season…where 12 monthly MA and 24 monthly MA rolls over 36... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened negative and kept on falling with global investor selling before recovering some of the losses in the back end of the day. The move by China to allow Yuan to devaluate with the falling growth outlook is how the free market was expected to work. But in... Show More