Sunset Strip | Aussie market bounced back to positive territory on very positive global lead after Euro stimulus hope rose on the back of deflation data

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market bounced back to positive territory on very positive global lead after Euro stimulus hope rose on the back of deflation data. Market volumes again just over $4b while everyone was at the cricket going pink. Europe still remains the next catalyst to drive past recent trading band. Germany is supposedly looking at what needs to be done if Greece is allowed to leave Euro, while they announced last night that they are willing to work with the new Greek government on debt issues. ECB meeting in a few weeks will be very interesting. Fed reserve minutes last night basically said the rates will go up, but not in the next few months. US reporting season will show some colour to how well the corporate earnings will match up with the market optimism. AUDUSD now on 81 cents with better building approval data while volatility index has started to come back from the high teens. Tomorrow is FRIDAY...more macro...local retail and US payroll...it's going to be the theme for 2015...It's a macro world!!! (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...

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