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Sunset Strip | Aussie market got a lot of red paint in line with global lead after Oil prices took a 5% dip

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market got a lot of red paint in line with global lead after Oil prices took a 5% dip. Market volumes finally got over $4b while China came out with some positive PMI data and some plans to ramp up growth through infrastructure plans. Germany again delivered such poor inflation data while Greece still playing the walk out card. ECB hopefully gets some support to move on their stimulus plans. Getting a bit boring with Super Mario keeps shooting blanks. Queensland is going to election set at Jan 31st...plan was to go quick before the opposition has time to hurt the state government even more. NSW is pretty much going to the Coalition with Labour putting a new leader with less than 3mth to go. AUDUSD now bouncing back above 81 cents on better than expected trade data while volatility index has moved up to mid-high teens after the Oil price drop. (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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