Sunset Strip > Australian Market Trading Day Wrap

Mathan Somasundaram

Deep Data Analytics

1. The positive momentum ran into profit taking after strong China inflation data despite strong commodity prices. 2. The potential US Fed update risk tonight or the issues with US cabinet issues may have spooked the market after strong China inflation data. 3. US futures moved negative at lunch and dragged most of the Asian markets down. 4. US Fed updates are going to come thick and fast for the next month (1) Chair Janet Yellen to deliver Semi-annual Monetary Policy Report to the Congress tonight and tomorrow night (2) Minutes from last month’s FOMC meeting will be released on the 22nd (3) FOMC’s next meeting on 14/15th March 5. Mexico is talking about moving their food purchases from US to Brazil and Argentina in retaliation to border tax and wall issues. (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.