Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market fell from the open on global sentiment and finished in the red despite a mini recovery in the middle of the day. The market has now delivered two straight negative weeks and the macro risks next week are likely to keep the trend going. Short week coming up with RBA speech, US Fed meeting update, ABS employment update and BOJ rate decision are all expected to make Thursday a “Super Macro Thursday”. Brexit vote in late June and Federal Election in early July are the other catalysts for the following weeks.…..Daily Double > Buy gold for Brexit and Trump win….Spot gold going to US$1500!!!....Box Trifecta > Buy gold for Brexit, US inflation and Trump win….Spot gold going to US$2000!!! (VIEW LINK)