Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started with a bang and then gave it all up before finishing at the highs of the day. The main drivers were banks and miners after solid global lead and strong commodities. The market has moved from Brexit worry to stimulus party. We turned bullish on Tuesday 28th of June after 3 days of panic Brexit selling. We have US Fed and BOC update tonight while tomorrow brings ABS update on employment outlook. Tomorrow night we have BOE update and countless US Fed speeches to waste our time. ABS employment data will set the tone for currency short term while BOE update better have a lot of easing bias attached or there will be Brexit blood!!! The recent few days of spot gold pullback offers another buying opportunity…going higher. (VIEW LINK)