The European Payments Council (EPC), a subdivision of the European Central Bank, is taking one giant step forward in their quest to eliminate all cash to increase taxes. They have gone ahead and set up the technical bases last week to enable the immediate payments system throughout Europe. One of the stumbling blocks has been the […]

We are witnessing what a Private Wave is all about. The Italian Referendum came in on point with the NO vote at  59.4% against 40.6%. Our model is now four for four with BREXIT, Trump, Hollande in France exiting the election, and now Italy. We will see the same defeat for Merkel. What politicians do […]

Our computer has been doing a fantastic job forecasting BREXIT, then Trump and that Hollande would not make the final round for elections in France. But why are these events even important? No it is not that Trump will save the day. He will perhaps help give the USA some breathing room. But the collapse […]

More strong Japanese data pushed the Yen lower which in turn saw a 1% rally in the Nikkei, exporters and Japan Oil Exploration leading the spike. Obviously, tomorrows US numbers will dictate trading Friday but then we do have the Italian vote Sunday and ECB next week. China also had encouraging data pushing the Shanghai […]

The inundated Chancellor Angel Merkel has always had her own team who poll her popularity regularly. She cannot let go of power and she is known for not standing for anything but herself. She will change positions whenever necessary to maintain her popularity. Merkel created this entire refugee crisis because she was being criticized for her hardline on […]

Been a crazy day for many markets today but stocks have not really been one of them! Oil was the crazy sector today following yesterdays 7% price decline today we saw a healthy 9% appreciation on news OPEC plans a production cut. However, that was not until late European trading so lets just recap Asia […]

It was not until late in the European session did we start to see much movement and even that was in oil. In Asia we saw yet another quiet with the JPY continuing with its strengthening theme and the Nikkei reacting accordingly. The PBOC set the Yuan at 6.8915 whilst the off-shore plays well into […]

Asia had a fairly quiet trading day but ahead of so much market moving content this week it really should not be such a surprise. Nikkei closed almost unchanged at -0.13% but that was a healthy performance given the uncertainty drove the dash back into safe havens again, notably the JPY. The Yen traded from […]

The major bonus to Hillary losing the elections is that Larry Summers will not be the chief economic adviser. Larry Summers is Hillary’s top choice for Fed Chairman or the Chief Economic Adviser in the White House. Treasury Secretary, was a position he held under Bill Clinton in the 90s, but that was going to go […]

Early gains were eroded having seen an in-line CPI print but the weekend book-squaring turned sentiment to settle just under the weekly highs. The currency continues to decline with the Yen trading 113.50 for the majority of the session having rejected the 114 figure change earlier in the day. The Shanghai and Hang Seng indices […]