Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ran up on currency resurgence before pulling back a bit at the end of the day. It was all about the market losing faith in US Fed and weakness flowing through in USD. AUDUSD was below 76 cents last night but then it climbed back near mid 76 cents in 24 hours. The currency recovery drove global investors into increasing market exposure through Banks and Health Care. The other big caps sectors in the market…Staples and Resources…are under short term pressure from reporting season risk and weaker commodity prices. THERE ARE MORE THAN 25 STOCKS REPORTING ON WEDNESDAY....GET READY FOR MORE VOLATILITY!!!Interesting moves of the day…....…. (VIEW LINK)


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