After an early dip, Asia moved back to close with gains across the board. The Nikkei played with the 19k level for most of the day but eventually closed +0.25% firmer. The safe-haven bid continued into the European session with JPY trading back to the mid 110’s but will be interesting to see where […]

Our Target for a turning point was February and that may indeed produce the highest monthly closing. The intraday high came on March 1st, but looking forward we are due for that correction we warned going into the April/May time period. The talk seems to be concern that Trump is being attacked on all sides […]

Asia performed reasonably well today if you neglect the Nikkei. Both the Hang Seng and Shanghai closed in positive territory, +0.8% and +0.4% respectively. The Nikkei, however, spot lit the party somewhat with a small -0.3% decline, but saw the JPY trade into the mid 112’s. The talking point Monday morning was the lack of […]

  Given the mixed to small lower session seen in the US, the reaction it had on Asia was understandably a marginally weaker theme. Eventually, we saw losses in the Nikkei (-0.35%) and Shanghai (-0.95%) but gains for ASX (+0.25%) and Hang Seng (+0.1%). The geopolitical concerns are still present between China and Japan over […]

The stock market, gold, silver, and oil all rallied when the Federal Reserve delivered the widely expected increase in its benchmark interest rate on Wednesday, the Ides of March. It said that the domestic economy remained on a path of slow and steady growth. In a statement the Fed said that the United States economy […]

Another quiet trading session for Asia resulting in mixed signals with little headway made. All core markets closed within 0.10% of their previous close. China Industrial production rose (6.3% while estimate were 6.2%) for the first couple of this year but were disappointed as Retail Sales released at 9.5% against an expected 10.5%. The BOJ will […]

QUESTION:  Dear Mr. Armstrong, as a daily reader of your blog I noticed the recent comment on the norweigian real estate market. You wrote that it was capital flight from the eurozone that made the prices go higher. Parking, not speculation, It seemed, in the light of everything, as a very natural development. As the […]

This is the year of political hell. The question is not about supporting one side or the other. This is a time that calls for us not to be small petty creatures but a case that requires rational human beings, which seems to be more impossible with each passing day. Never did there arise a […]

It has been a wild week for many markets but will probably be remembered for the week European government markets were given permission to turn. With that Asian markets closing on a quiet note but ahead of US Non-Farms that was not a surprise. From its highs oil lost 10% at one stage and even […]

COMMENT: Marty; I have to say, the forecasting on Socrates in Oil is very impressive. It picked the high and then forecast a water fall in February even though February closed higher. From even a technical perspective, it did not appear that such a sharp collapse would unfold. Absolutely amazing KW REPLY: This is completely […]