Sunset Strip | Aussie market got hammered with a perfect storm of Euro growth worries on German downgrades, US market selloff, house prices cooling and falling...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market got hammered with a perfect storm of Euro growth worries on German downgrades, US market selloff, house prices cooling and falling Iron Ore. We went negative early Sep on valuation and geopolitical risks, but it seems we went positive too early in late Sep by underestimating the speed of the currency de-rating and collateral damage from US market pullback. These issues are not new or not expected, but it is all in the timing. Given the yield, valuation and the currency pullback, we continue to feel confident that our market will recover despite the short term global volatility. We continue to expect AUDUSD to remain in the high 80's in the short term and then gradually come down to mid 80's. We continue to feel that RBA is currently trying to curb house prices to leave themselves the option to cut rates in mid-2015. Trading idea of the day: CarSales.com (CRZ). Friday's High Risk Pick: Bionomics (BNO). (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.