Sunset Strip | Aussie market finally raged against the trend and the selling pressure from global investors to deliver a slight positive day

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market finally raged against the trend and the selling pressure from global investors to deliver a slight positive day. We turned short term positive yesterday with market having a panic sell day before FOMC meeting. FOMC delivered a bit for everyone like a restaurant menu...indicated 2015 interest rate level slightly up for the bears and same wording for the bulls. China is providing more liquidity and rate cuts to stimulate domestic spending while Euro is expected to deliver substantial QE. Online stocks deliver global growth...CRZ and IPP are the best bang for your buck. Regular readers would know that when RBA was given nearly $9b from the Treasurer, we said it was a currency punt...Fairfax has picked up on this trade too....it is what you call an 80's broker trade. Trading idea of the day: BlueScope Steel (BSL). Thursday's Thematic Pick: Telstra (TLS). (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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