Well, that bounce was short-lived! China led Asia lower today even as Turkey was recovering. Core Shanghai has found it difficult even with good news. The debt overhang and the sudden decline in allocated cash continue to have a negative effect on the Shanghai, which closed down over 2% today. The Yuan is suffering as […]

The Euro has continued to fall dropping at the time of this post to 11343. The bottom of this channel lies at the 11315 area and behind the curtain, our phone is in meltdown mode.  After’s Italy warning that the ECB has to keep QE going or the entire bond market will collapse forcing the […]

Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds […]

The strategic war of words continues between the US and China and with it, the ebb and flow of the Chinese stock markets. Given that the US has weathered all of these headlines, it is doubtful it will start now. There is talk that the domestic indices are receiving a helping hand, but then with […]

The news mid afternoon that President Trump’s trade restrictions could be increased and a retaliatory Chinese tariff increase all coupled with latest China/US trade numbers turned most core indices. Following yesterdays strong Shanghai performance we saw some retracement of Tuesdays gains with the index closing down 1.25%. Although the Hang Seng index was also hit […]

  It is fascinating to watch how the bias in people just ensures not just that a sucker is born every minute to replace the one that wises-up, but there are suckers who never learn from experience and cling to their ideas no matter how much it costs them. The U.S. dollar has been climbing […]

The China/US Trade Talks headline obviously spooked both Shanghai and the Hang Seng indices and we saw nervous selling of stock. Shanghai was hit most closing down -1.8% after having seen a positive opening move. However, the tariffs hit today and even though they plan to talk the impact on sentiment is immediate. Prices traded […]

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 […]

A very busy week ahead with month end numbers, central banks, inflation data and US employment report. That said, volumes are still extremely low and large orders are few and far between but tend to move markets none-the-less. The weaker tone was probably the residue from US tech markets, despite the late bounce seen for […]

QUESTION: Hi Martin, I am a long time reader of your blog and a big fan of the tools that you have developed for investors. Thanks for all that you do and I wanted to reach out and ask about your opinion of the thesis that ——-  outlines for the IMF implementing SDRs as world money […]