Sunset Strip | Aussie market recovered from earlier losses to finish on a slight negative despite another Oil price 4% dip

Sunset Strip | Aussie market recovered from earlier losses to finish on a slight negative despite another Oil price 4% dip. Market volumes just over $4b while Iron Ore continues to show improvements from a low base. Germany is supposedly looking at what needs to be done if Greece is allowed to leave Euro. ECB meeting in a few weeks now getting very interesting. Fed reserve minutes come out tonight and that should be another great read. The odds of NSW remaining with Coalition are the same as Japanese getting our Sub deal. It would be logical to assume all the messy federal budget nasties like Subs being built in Japan, Welfare cuts, new 457 cheap labour etc will be announced in Feb. Given local reporting season will be in Feb, the risk weighted approach would be to take profit at the end of Jan. AUDUSD now below 81 cents with further oil price woes while volatility index has started to come back today from the high teens. Let's hope Oil and Iron Ore can hold up tomorrow!!! (VIEW LINK)