No new headlines and a strong US market resulted in a positive day for Asia. Finally, we saw some bounce back in the Shanghai index after it has been weak for so long. Today’s 2.75% recovery is a start, but considering the YTD decline sits around -16%, there is still a fair way to go! […]

  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 […]

A quiet start to the week in Asia, but the effects of China’s FX move are Friday is still being felt on core equity markets. The overhang of PBOC’s structural intervention in the off-shore FX markets continued today with the Yuan appreciating even more. The Shanghai exchange almost balanced this move with another decline today […]

  A reader sent this is where ice storms are happening daily this summer in Calgary, Canada. In Bavaria, where I am currently, it is the hottest in 200 years. The temperature is in the 90s (32c) and hotels, restaurants do not have air conditioning because it never gets hot here. Then in Ukraine, which […]

After witnessing the strength the US markets demonstrated, Asia opened on a positive note but couldn’t hold it. Interesting that although the opening appeared strong, for the balance of the day prices were hit across the region affecting both core and peripheral markets. The Shanghai and hang Seng both found it difficult making any headway, […]

The optimistic rally seen earlier in the week over possible US / China Trade agreement, was soon to face the cold light of day and todays price action reflects just that. Both Shanghai and Hang Seng demonstrated this today as both fell over 2% and closed on the days lows. The Nikkei has also seen […]

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 […]

QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I was wondering do you have any forecast for the next […]

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 […]