QUESTION: I notice you often cite the *Plaza Accord* when on the topic of central bank currency manipulation. That accord was signed in 1985 with an aim to devalue the USD. Could you write a little on the *Louvre Accord” signed just two years later, in 1987, with an aim to reverse the unwanted effects […]

Tokyo cash played catch-up today, after yesterdays futures increase, with the Nikkei cash closing almost 2% higher on the day. The Yen continues to play around the mid-high 111’s with important month end numbers being watched closely. With September also being quarter end and the FED decision only hours away, this is likely to set […]

  European Commission President Jean-Claude Juncker has now come out in a very desperate move telling that those members of the EU who are non-euro countries should introduce the euro ASAP. “The euro is destined to be the single currency of the EU as a whole,” Juncker declared. Juncker then proposed a “euro preparation instrument” […]

We really needed some data to support recent Asian moves and sadly that was not fourth coming today. China’s numbers missed on Investment, Industrial Production and Retail Sales so should be no surprised we reversed recent gains. Investment was expecting a number north of 8 (actually looking for 8.2) but was released at 7.8 for […]

QUESTION: Dear Marty, I sure would appreciate any thoughts you have on rumors making the rounds that the International Monetary Fund has tipped its hand, in part via its June 2017 “Fintech and Financial Services: Initial Considerations” IMF Discussion Note, and intends to replace the US Dollar as the global reserve currency as early as […]

As the DXY continued its bounce, so Asian currencies returned their recent gains with the most noticeable move being in the Japanese yen. The currency in late US trading is seen with a 110 handle a decline of 0.6% on the day. The declines were counter-balanced by stocks that all rallied with the Nikkei 1.2% […]

QUESTION: Dear Mr. Armstrong, I have been reading your blog for over a year now. Your posts are a superb read and one of the first things I check every morning before leaving for work! Although I admire your work and writings a great deal, I’m sometimes surprised by the level of certainty you seem […]

QUESTION: Hello Mr Armstrong. I understand the logic of the weakness / strength of currency that you outline from time to time in your modelling of the global crisis. You omit to explain the importance in the pace of change in the value of a currency; for instance Venezuela and Argentina according to your explanation […]

With no missile test Saturday or new geopolitical news over the weekend, Asian stocks opened on a positive note. The Chinese central bank loosened some financial restrictions which also added to the positivity for both domestic and regional markets, combined to support all markets. The central bank move opens the market slightly, returning responsibility to […]

QUESTION: Hello Martin, last week i read on your blog about possible fall in Dow Jones, you said it’s possible that we could see biggest fall ever and that should start this September but today you sad you don’t expect major correction. I’m sure there are many readers on your blog who are confused about this topic […]