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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

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 reality that Japan is still going backwards. The big move in Iron Ore overnight and the steady rise in Oil are unlikely trend to remain in the medium term. The US Fed rate update next week looms as the big event to turn the dial. Time to be patient and pick the time to add more exposure…maintain long Yield and Gold, short Iron Ore and Oil!!!!.............…. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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