Even in Asia the markets appear to be lacking in commitment, despite price increases day after day. The Nikkei gave-up the mornings gains, but still managed a small uptick for the close. For the third day in a row, the Yen rejects playing for long with a  113 handle, reflecting continued uncertainty. That was not the case for the Hang […]

With core China market still closed, activity in Asia remains rather subdued. The trend is still constructive, following the steady US session but volumes continue low. The Nikkei closed up over 1% as currency drifts weaker and JGB’s are a touch softer. Hong Kong played catch-up and traded strong all day, closing over 2.25% firmer […]

The 2017 Year End Report is going to really be important as we enter the beginning phase of the Monetary Crisis Cycle in 2018 combined with the Pension Crisis, which is the next domino to start the process of the Sovereign Debt Defaults to come. Keep in mind that a system collapses from from the […]

The 2017 Year End Report is going to really be important as we enter the beginning phase of the Monetary Crisis Cycle in 2018 combined with the Pension Crisis, which is the next domino to start the process of the Sovereign Debt Defaults to come. Keep in mind that a system collapses not from the […]

The Nikkei lost just a smidgeon today but still holds levels way up on the year. The YTD number is just over 6% because much of the rally was in Q4 2016, so on a 1yr basis is up almost 22%. The Yen continues comfortably mid 112’s but with more weakness expected. Elections will be […]

In Asia we saw a similar picture to yesterdays market movers with Shanghai and the Hang Seng both closing higher whilst the Nikkei, ASX, KOPSI and SENSEX all closed lower. The SENSEX lost the most ground today (-1.4%) as it continues to add to its recent losing streak, making this its seventh day in a […]

The Australian ASX was probably over-sold yesterday and therefore stood as the only core that performed today. Closing up +0.5% was a healthy recovery after yesterdays 1% decline. China’s downgrade put a small dent in confidence for the cash markets which took the Hang Seng down -0.8% while the Shanghai closed with just small loss. […]

After the unchanged call from the Federal Reserve, within hours we hear the same from the Bank of Japan. Asian equity markets drifted broadly lower with profit-taking the main reason behind many of the moves. The Nikkei continues slightly under recent highs with another small gain (+0.2%) to add to recent advances and was helped […]

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 […]

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% […]