Nikkei closed down almost 1% whilst the rest of Asian equities mopped around unchanged. Not too much to write about but people are talking about the possible BOJ action at the end of the week and still about the PBoC decision last week. A couple of dealers mentioned the JPY weakness and the markets negative […]

As expected Asia opened with a strong bid following the PBoC announcement, with the Nikkei over 19k. This did not last however as all indices turned lower towards the end of the trading day. The Nikkei closed on the days lows but still positive +121pts (+0.65%), Shanghai dipped briefly into negative territory just ahead of the […]

QUESTION: Mr. Armstrong, it seems many people are starting to pretend they have artificial intelligence systems and neural nets. It seems that they are using these terms very loosely. Can you explain the real difference? Everyone I have spoken to says you are the father of AI in finance. Thank you for all you contribute […]

Asian equity market continued the rally overnight that the ECB had teed-up for them with all main indices returning around +1.75% on the day. Although Europe had the afternoon session yesterday to react to the ECB Q+A, the early momentum remained constructive regardless. Then the news that the Chinese (PBoC) had cut its one-year benchmark lending rate by 25bp to […]

The IMF has come out and warned that Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits. Some emails are asking if the IMF is now copying our projections for they have the same timing. Who knows. I would assume the economic numbers are the numbers, but they […]

The Nikkei gave back some of yesterday’s rally as afternoon trading stocks turned negative to close down 118 points (0.65%). Shanghai rallied into the close, eventually gaining 1.5%, which made back some of yesterday’s losses. Europe spent most of the morning in no-mans land waiting for direction from the ECB. They did not have long to […]

Although the trade numbers from Japan were below forecasters’ projections, the street was abuzz with speculation of further BOJ intervention; so we saw the Nikkei close up 2% today. The same could not be said for Shanghai (closed down 3.5%) whilst the HSI was closed for a public holiday. European indices really could not decide on direction but after a […]

After a strong open the Nikkei spent the rest of the day clambering to remain in positive territory. Eventually closing +0.45% higher, the Nikkei inspired the Chinese (Shanghai) into a 38 point end of day rally to finish up at +1.1%. The HSI never managed to trade above Mondays close; it finished off the lows but still […]

The Canadian elections are on par with the world trend – whoever is in office, throw the bums out. The election took place on Monday, October 19, the anniversary of the 1987 stock market crash. The Liberals in Canada toppled the Conservatives as many Canadians saw their Head of State, Mr. Harper, as a dictatorial heavy-handed […]

The economic data released from China earlier this morning has been the most talked about economic topic across almost every trading desk today. China’s Q3 GDP resulted in a small beat at 6.9% (expected 6.8%), and the September Retail Sales also slightly better at 10.9% (expected 10.8%) and then finally September Industrial Production released 5.7% against an estimated 6.0% expectation. All rather disappointing really – well, as […]