Based on the cash, we can see that the Greenback has rallied sharply against the A$ but has not elected a yearly bullish as of yet. It did exceed that level intraday, but the fact that it failed to retain those gains warns that we are not looking at new historic highs for the dollar […]

It really felt like a day of two-halves today after a lack-lustre Asian session and a weak European morning. The Nikkei was again a talking point (or at least the JPY was) but Shanghai too saw a bit of volatility as we flirted toward the 3k level early afternoon only to recover by the close. […]

A lot of emails have been coming in with regard to the Panama Papers. Let me say this from the outset — Panama has been the key place to establish offshore accounts for decades. This was not a government hack. The German daily Suddeutsche Zeitung obtained the stash of records from an anonymous source and shared […]

When you have a consistent system that is running on absolutely everything around the world, you can simply look at it dispassionately and judge everything by the same standards. In gold, euro, Canadian dollar, DAX, and many other markets, we generally moved to weekly, monthly and/or quarterly reversals and then stopped shy of electing them. This typically reflects […]

After an initial opening surge in the Nikkei, briefly topping 17k, sellers appeared and drove prices lower to close the day -0.7%. The JPY was weaker throughout the morning session but had also turned stronger to balance the Nikkei swing. With the 10yr JGB having turned negative recently, this will squeeze banks and foreigners in […]

Asia followed the bullish tone provided by the Federal Reserve with a gap higher opening of around 1%. Mainland China and Hang Seng managed to build upon this enthusiasm, eventually closing up almost 2.5% each. The same could not be said of Japan when the Nikkei had problems holding the 17k psychological level. Tomorrow being […]

Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that everyone is lobbying the Fed to surrender its domestic policy objectives for international ones. This is precisely […]

We have completed porting over the first memory node in our artificial intelligence system. There are three more to finish. Nevertheless, the first memory node will improve the text in the Investor section. We hope to have most of this uploaded this week. Below is a sample of what Socrates wrote for the Chinese yuan. […]

The Nikkei was the bright spot in Asian equity markets today closing up 0.8% whilst the JPY decline would have cost 0.3% of that gain. It was far better than the declines we saw in mainland China which closed -1.7%. Yuan gained small ground today and was last seen 6.5212. Given the majority of the […]

It is a sad state of affairs when, after a terrorist incident such as yesterday’s events in Belgium, how quickly the markets have accepted it and within a few hours priced out! This is both a reflection of what is becoming “a horrible accepted norm” and also the lack of market participants. Even though Asian […]