Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative and finished negative after making a recovery to flat during the middle of the day. The two main negatives are US reporting season and Commodities. US reporting season risk remain a key negative as this is the third negative quarter according to expectations. Last two negative quarters drove the market into profit taking mode and we expect this quarterly will also deliver similar result. The next big negative is the falling commodities. RBA minutes and speech tomorrow but it is unlikely to make any substantial difference as it is a price taker. The market will be looking at US Fed next week to make up its mind. RBA most likely to talk about weaker commodities and China to help bring down AUDUSD. Pullback in US market, commodities and/or currency will be negative for Aussie market. Time to be patient and pick the time to buy-in or add more exposure…maintain medium to long term view > 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...

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.