A weak market close for most of the Asian indices today but saw the KOPSI and ASX off around 1.55% the pair. The Nikkei gave up another 0.6% as the yen trade back to the mid 110’s. With Shanghai the only core that closed positive even the Hang Seng fell -0.6%. The sell-off was broad based […]

The dollar correction for this Year from Political Hell is still in motion, but there is no major change in trend that is at hand. In the British pound, the Monthly Bullish Reversal stands at 13485 level on cash.  In the Euro, the Monthly Bullish remains up at 12885 with a Minor Monthly Bullish at […]

The Nikkei managed to reverse the majority of the days trend with an eventual positive close. It was not that great (+0.15%) but a positive close none the less and as the yen played just under the 112 handle, this helped the move at the close. The FED played its part initially but as the […]

Another mixed session for Asia but we did see a healthy bounce in the ASX as the currency behaved itself. We did see better levels during the trading session for the Nikkei but could not be held for the close. Those loses have been reversed in US trading as futures follow the healthy US market […]

SPD chancellor candidate Martin Schulz has come out and warned that if Italy is not given support, then it will send the refugees to Germany which it can no longer afford to accept any more. Schulz is warning that the refugee crisis in Germany will explode, IF Italy is not provided support from the European […]

We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei […]

QUESTION: Mr. Armstrong; Are you aware of the 1988 Economist article predicting that in 30 years from then we would all be using the same currency?  That is strangely your target of 2018 when you have warned that the Monetary Crisis will begin then. I met an attendee from your 1985 WEC there in Hong […]

It was only the Hang Seng that saw a positive close today (+0.6%) as most digest the Trump email release and await central bank comments. As part of the safety return the JPY gained almost 1% and was last seen playing around the 113 figure. The Nikkei close lower (-0.5%) as we watched a broad […]

Another encouraging session for Asia as the confidence continues, at least until we see something to the contrary later in the week. Many are referencing the bond markets as they watch yields creep higher and the curve start to steepen as an indication that things have finally turned. China’s Shanghai settled small lower but the […]

Ministers elected to the European Parliament have no actual power. They get paid extra if they actually show up. What you see are MPs swiping their cards to get that extra pay and then turn around and leave. Well the EU Commission President Jean-Claude Juncker criticized the Parliament MPs for not showing up to listen […]