Sunset Strip | Aussie market struggled to hold a slight positive day with Russian default worries producing volatile global markets

Sunset Strip | Aussie market struggled to hold a slight positive day with Russian default worries producing volatile global markets. Oil price bounced from lows in US market time while Russian currency is on a massive slide. Market is waiting for comments from US Fed on rates while keeping an eye on Russian default worries. There are a lot to keep an eye on while market seems to be doing much at all in recent times. AUDUSD has hit 81.5 cents with more worries about lower domestic growth and high unemployment...at this pace we will be below 80 cents soon...and if that happens, there will not be a rate cut in 2015Q1. Dividends from ANZ, NAB and MQG hit the bank accounts yesterday and WBC to come on Friday...over $8b. These should flow back into the market at these cheap levels. (VIEW LINK)