Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started positive with global sentiment before falling apart and then recovering some of the losses at the close. US Fed and RBA on the sidelines will put ECB in focus as Super Mario speaks tonight. This will take an extra dimension as the Brexit vote is in play. US Fed backflip means every other central bank is now forced to move to further ease to keep their growth recovery intact. NZ kept rates on hold while South Korea surprised everyone with a cut. RBA is stuck between asset bubbles, weak US Fed, irrelevant fiscal policy, under employment and slowing global growth. The US jobless data tonight will be another data point to clarify the payroll data last week…..Daily Double > Buy gold for Brexit and Trump win….Spot gold going to US$1500!!!....Box Trifecta > Buy gold for Brexit, US inflation and Trump win….Spot gold going to US$2000!!! (VIEW LINK)