Sunset Strip > Trading Day Wrap From Blue Ocean 20170814

Local market had a relief rally as the “War of Tweets” between US and North Korea started to settle down. The weaker than expected US inflation outlook pushed down USD and pushed up AUDUSD. China data showed that we may be closer to the top in the recent commodity run in the short term as Chinese regulators act. Japanese growth data shows that the retail pick up is finally coming to support the sixth straight positive growth quarter. The market remains in very low sentiment and reporting season will continue to deliver big swings…stay nimble!!! We are expecting updates tomorrow from ANZ, CGF, CQR, DMP, FXL, GPT and PLG. The best performing sectors were IT, Banks and Energy while the worst performers were Gold, Utilities and Property.

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