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Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market finished slightly positive after moving up and down with real lack of any strong sentiment. The ECB move was supposed to deliver the push for global markets after Super Mario went all guns blazing. The problem was the underlying data showed that things are getting worse and the stimulus will take a lot longer to deliver any returns. We are expecting more Chinese key data points and comments from PBOC on the weekend. Retail should hold up, but jawboning from PBOC will be interesting after they pushed up the Yuan peg. US Fed next week is the main game. Market is not pricing in a rate rise. 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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