Even with much of core Asia selling-off Japan managed a small positive return aided by the ever weakening currency. There was a similar picture painted in China where the Shanghai exchange managed a small gain but to the detriment of the Yuan. The PBOC set the currency at its weakest in eight years at 6.9508 […]

Asia was encouraged by the wests acceptance of the Italian vote and especially the Euro’s strength. Bouncing off of the key 105 levels has created a triple bottom which, if breaks, propels the market lower. we were already aware of the Nikkei’s performance through the futures contract and so cash opening created the days highs […]

The Fed raised the interest rate a quarter-point increase in the discount, or primary credit, rate, from 1 percent to 1.25 percent, and moved its target range from a range of 0.25 percent to 0.5 percent to 0.5 percent to 0.75 percent. The overnight funds rate currently sits at 0.41 percent. The Fed was citing the […]

Today, any information ahead of something like a rate hike is seen as insider trading. But back during the 1970s going into 1981, things were different. The banks were not big proprietary traders. I would routinely get a call that the Fed would raise rates in 15 minutes. It was not that someone was trying […]

The euphoria created yesterday by the ECB continued in to Asia and especially Japan – again. The Yen has started to feel the heat as prices take out the 114 handle again and we make our way towards 115. The Nikkei closing the day up 1.25% has established a new high for the 2016. Producer […]

The Nikkei closed today at its highest level for the year which included a well behaved Yen. Closing up +268 points (+1.45%) certainly puts it in good shape for the year end rally. Shanghai and Hang Seng were mutually off-set (+0.2%/-0.2%) with many just waiting for the ECB rate decision and being led by the […]

We tend to assume that the freedom of movement is confined solely to migration and travel. There are four aspects to the freedom of movement, and migration or travel is only one. Yes, we warned that the Schengen Agreement would come to an end and the European refugee crisis has enabled that decline. We warned that this agreement, […]

Asia was encouraged by the wests acceptance of the Italian vote and especially the Euro’s strength. Bouncing off of the key 105 levels has created a triple bottom which, if breaks, propels the market lower. we were already aware of the Nikkei’s performance through the futures contract and so cash opening created the days highs […]

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 […]