Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market was volatile and delivered a tiny positive with stronger commodities and rate cut supportive CPI. That’s 22 positive days out of 29 trading days since mid-June. As we have been saying for the past week, the CPI data was not going to make much of a difference to the market as any recovery was never expected to bring it back into RBA band. The market had already priced in the rate cut and has been looking forward to FOMC update tomorrow morning and BOJ update on Friday. RBA meets next Tuesday and will react after the markets react to both these central banks with big guns. Even if they don’t cut in August, rising AUDUSD will force them sooner than later as currency war kicks in again. Global markets are being very complacent about the FOMC updates tonight…expect some volatility tomorrow morning!!!.…. (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.