Asia opened better and saw some impressive gains from the core. The Nikkei had a solid day with a near 1% gain whilst the Yen remains soft flirting with the 109 handle. Exporters and industrials led many o the advances with some banks also lending a hand. Shanghai gained an impressive 2% in todays market, […]

Asia tried to be positive today, but soon after the opening bell we were back in the red again with early volume increasing. However, with the exception of Nikkei, HSI and Shanghai this was the case. Early jitters were rejected for the SENSEX in India as support for IT, banks and auto’s helped values. The […]

  The uncertainty seen in US markets was reflected here in Asia overnight with all indices closing weak. Yesterdays gains were soon retraced even despite the attempted mid-morning recovery. The tech sector weighed on most indices, but financials, energy, manufacturing and real estate all added to the declines. Both the Hang Seng and Shanghai finished […]

A solid day for Asia with the broad based rally carrying all markets higher. Confidence gained from strong earnings, better data than US markets had expected and energy prices rallying over 3% all helped to produce a positive day. The Nikkei gave-up the mornings highs and drifted in afternoon trade but still gained +0.15% for […]

Wall Streets euphoria spilled-over into Asia with many markets making gains. The one outsider today was the SENSEX which closed marginally lower -0.2%, breaking its recent winning streak. We continue to see the INR trade weaker against the dollar and now is heading for levels not seen since late September 2017. The majority of the […]

Again we saw Chinese equity markets suffer even after the better than forecast trade data. The 6.8% release was better than the 6.7% expected but, because March slowed compared to Jan and February this hit confidence in afternoon trading. The morning session had seen positive prints but could not hold the prices in late trading. […]

The main talking point in Asian trade today was the Hong Kong Dollar seeing another test of its upper band (7.85). The currency has been pegged between 7.75 and 7.85 since 1983 and has remained within that range since 1985. Today was the fifth time in three trading days that the HKMA (Hong Kong Monetary […]

Asia has been predominantly better bid but for the Shanghai index. Here we saw values drift in afternoon trading to close on its low (-0.6%). Trade numbers were surprisingly poor for China posting a near $5bn deficit. The Hang Seng dipped with it, but to be fair was plus or minus small all day. The […]

The SENSEX was the star performer in Asia today against what looked like a sea of red boards. The SENSEX closed up over +0.5% on the day completing its sixth positive close in a row. Optimism buoyed the market ahead of industrial production and inflation data releases. Solid earnings optimism is supporting prices with good […]

  QUESTION: Mr. Armstrong; I find it amazing that you were the only analyst I found who consistently called the bull market in the Dow until January. You have forecast even weather. You have so many correct forecasts there is nobody who even comes close. Then there is your War Cycle that turned up in 2014. […]