Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started positive and maintained it after solid US sentiment due to weak US data and rate cut outlook for BOE. Aussie market is holding to the optimism like bulldog but the wait is over….the macro deluge started last night. No more need to worry…the next 7 days will deliver the key macro catalyst to drive markets for the next few months till the US elections. We start the gauntlet of macro worries tonight and finish next Thursday. Week of Macro Madness (1) Tonight > US CPI; EU leaders meeting on Brexit (2) Tuesday > AUS RBA minutes; US Housing Starts (3) Wednesday week > BOJ update (4) Thursday week > US Fed update. Weak US data and rate cut outlook from BOE has broken the negative sentiment….expect BOJ and US Fed to keep it going!!! (VIEW LINK)