Japan finished on a strong note but it was a disastrous opening (following oil) that it had to spend the rest of the day recovering from but a near 1% better close certainly helped confidence into European trading. Shanghai opened well and continued strongly, eventually closing +1,4% firmer. However, the Hang Seng was anything but […]

Asia started poorly on the back of a weaker oil market until Russia announced it would be willing to cutback its oil production in respect of the OPEC decisions. Oil bounced over 3% on the Asian day reversing the mornings losses. In Japan the Nikkei traded heavy most of the day but recovered off of […]

Many readers keep writing in to ask what is my personal opinion with all the latest row centering on Trump and women. The Washington Post in digging up old tapes of Trump and destroying the entire election process. Who has not said something stupid 20 years before? Nobody will run for office if this is what […]

Asian markets were marginally better on the back of oil but were awaiting the all important US jobs report after a sleepy opening until the FX market woke everyone up. A “fat-finger trade” as many were reporting it (implying a trader input the wrong price and/or quantity) saw GBP trade down to 1.1378 in seconds only […]

  QUESTION: Numerous people have asked: Does the FED actually also see these trends coming (strong US dollar, bond crash) ? K. ANSWER: Yes. The Fed has sent people to the major banking houses and told them outright that their models are wrong. They have been telling them quietly that there may not be a […]

An orderly open for Asia with an oil rally ($50.5 TWI) following on from a positive US session really leading momentum. We did see a wobble just ahead of lunch but that was only short-lived and as trading remains thin due to China’s absence. All in all we closed firmer on both the Nikkei (+0.5%) […]

QUESTION: Hi Martin I am a follower of your blog. I have a question on your post “Financial Capital of the World & Its Migration” dated 30th sep 2016. I was looking at the graph where Y-axis indicates the scale of Economic Progress (in terms of % of world GDP) against time on X-axis. The decline […]

The latest HOAX running around is that Bill is not the father of Chelsea Clinton. It really is amazing how people are making up stuff at this point right down to Hillary toilet paper (sent in as a gift). I have never seen such an election that is so out of wack in all the years […]

Asia, specifically the Nikkei, traded heavy from the opening and although attempted a bounce mid-session by the close ended 1.3% down. The JPY therefore saw moves towards the 100 level but was eventually rejected reaching only 100.25 and by late US trading leveled at 100.75. Many traders speculating about the Shanghai playing with the 3k level […]

In general, the conclusion for trading in Asia was positive with core indices closing up around 1%. However, it did not open that way where we saw the Nikkei off 0.75% as concerns continue around the BOJ’s uncertainty. Both Shanghai and Hang Seng opened with little change but gathered momentum as the day wore-on eventually closing around 1% […]