XJO falls as capex falls off a cliff | New CEO at Southern Cross Media | AUD/USD Heading Back To $0.75 Next Week... |

Niv Dagan

Peak Asset Management

Good Afternoon, Zzzz…..Hope you are not napping yet… Dow Jones up 121 points, we close down… again…. The ASX200 dropped back below 5700 points in the morning, extending yesterday's selloff with big miners and banks leading the way down to close out around 5720. CBA and a slump in Newcrest were the biggest drags on the market. But it was today’s business investment data that was quite disappointing…our economic transition away from mining is yet to go well! CHART OF THE DAY (see below) Capex falls to 25%! AUD/USD is back under pressure... looks like heading back towards $0.75 by next week Niv

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Niv Dagan
Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...


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