Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

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 the US IMF delegate complained that RBA was jawboning currency down. RBA had a few speeches today and as usual they talked about how things are going well and potential for rate cut when needed. Property prices are starting to come off and that further provides RBA more room to cut. Time to be patient and pick the time to add more exposure…maintain long Yield and Gold, short Iron Ore and Oil!!!! TOX had a great day post acquisition while AAD had a great day post divestment. TPM delivered a solid result to boost the whole sector, but the growth story in the telco sector is no cheap anymore. Media sector looks good with prolonged election cycle and industry consolidation….APN, FXJ, PRT and SXL. (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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.