The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
HEADLINES
* Fed announces a surprise rate cut
* Support for Equities and the U.S. dollar sold
* Dow is down
* RBA rate cuts 0.25%
– U.S. dollar being sold heavily, this has helped support the AUD
– Today sees the historic Australian Q4 GDP released
* Oil prices jumped higher after the Fed cut interest rates
– OPEC mulling a bigger output cut of possibly 1 million barrels per day
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