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 […]

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 […]

It was time for a little retracement in the Nikkei having seen some strong gains and with NFP’s only hours away that was exactly what we saw. The yen gained ground again trading into the the 113’s and was influenced by more selling in the Shanghai and Hang Seng indices eventually both closing around 1% […]

More strong Japanese data pushed the Yen lower which in turn saw a 1% rally in the Nikkei, exporters and Japan Oil Exploration leading the spike. Obviously, tomorrows US numbers will dictate trading Friday but then we do have the Italian vote Sunday and ECB next week. China also had encouraging data pushing the Shanghai […]

Been a crazy day for many markets today but stocks have not really been one of them! Oil was the crazy sector today following yesterdays 7% price decline today we saw a healthy 9% appreciation on news OPEC plans a production cut. However, that was not until late European trading so lets just recap Asia […]

Private Blog Update for Bonds – Dow – Gold

Trying work out models on the French elections is by no means easy. The parties have changed and combined many times since 1973 alone. The National Front (FN) is a generally regarded as far-right because they are a Euroskeptic party since 1993 from its outset. Primarily, the FN is a socially conservative, nationalist political party in […]

The Yen weakness continues to off-set the Nikkei strength with today breaching the 113 level and spending most of the day trading weaker. The Nikkei rallied closing up 0.9% with exporters leading the gains given the currency play. Volumes were light but then that should have been expected given the US holidays but we remain […]