Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market ran up for the first half of the day on better risk appetite and stronger currency before spending the second half trading sideways. The data continues to support US Fed rate hike while US Fed commentary remains mixed between slightly hawkish to slight dovish. The US reporting season had a good start with financials while the rest have been patchy….solid update from Netflix may help. AUDUSD continues to recover on solid China outlook and weakening USD. Interesting moves of the day….... (VIEW LINK)


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