A quiet start to the week in Asia, but the effects of China’s FX move are Friday is still being felt on core equity markets. The overhang of PBOC’s structural intervention in the off-shore FX markets continued today with the Yuan appreciating even more. The Shanghai exchange almost balanced this move with another decline today […]

After witnessing the strength the US markets demonstrated, Asia opened on a positive note but couldn’t hold it. Interesting that although the opening appeared strong, for the balance of the day prices were hit across the region affecting both core and peripheral markets. The Shanghai and hang Seng both found it difficult making any headway, […]

It was almost as though the longer they waited, the more complacent the markets were about the BOJ and the curve! The fears after last weeks rumours, were that the BOJ would start to step away from its rigorous JGB operation. However, after today announcement and comments, JGB 10yrs fell 4bp back to 0.06%. That […]

  The Independent reported that an EU Official said that Juncker used ‘‘brightly coloured, simple flashcards” to explain trade to Trump during the meeting. The EU official said ‘each card had at most three figures about a specific topic. While these remarks are deeply offensive, what they really reveal is how much EU officials prefer to promote […]

COMMENT: From Europe, we are looking at your CNN and it really has become just propaganda and fake news. I was not a fan of Trump, but I have to say, he has done a great job probably better than any world leader. He has revised trade and has turned North Korea while your unemployment is now […]

A mixed opening seen in Asia this morning which eventually turned into a down day given the lack of volume and positivity. Even though the US sent a confident tone, the after hours trading in Facebook unnerved many tech stocks. Facebook traded nearly 20% lower in futures terms after the Q2 revenue miss. It was […]

The interesting fact is that the majority of fund managers today have reduced their equity allocation to their lowest level since November 2016 according to Reuters. The reason for this is their focus of trade and their assumption that the Great Depression was caused by a PROTECTIONISM. According to yet a recent monthly report by […]

QUESTION: Mr. Armstrong; Do you have any comment on the latest excuse for the decline in gold is because Trump is forcing it down so he can buy it up and move to gold-backed bonds like Nevada? This is the latest coming from the fringe which just seems so unrealistic any more. I am not […]

  The strength of the USD is starting to become a lot more visible over the past 48 hours. In some countries, its looks as though currencies require a helping hand just to slow their downward spiral. In Japan the battle surrounding the Yen being a safe-haven or not continues, but looks to be losing […]

A pretty mixed day in Asia today with a small improvement for Japan, whilst the China decline continues. Having heard the comments from FED Chair Jerome Powell, markets assumed a hold mentality with volumes reflecting the uncertainty coupled with summer lull. The Nikkei did add +0.5% onto yesterdays numbers, but at the expense of the […]