It was debated at length today whether the Nikkei leads JPY or the yen leads the stock market! Either way we saw cash equities lose 0.9% today whilst the Yen rallied 0.6% only to lose that after the cash close. In late US trading we are looking at 110 handle but the Nikkei futures have […]

Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]

The biggest problem with analysis is that we are all human. Anyone who expects someone to forecast the economy or markets based upon their personal view is just out of their mind. Nobody can be consistent for we are all human and make mistakes. The only possible way forward is to achieve a quantified model that correlates everything to […]

A positive opening for the Nikkei, trading up +1% at the opening bell but sadly could not hold onto the gains and we eventually closed little changed on the day. The Hang Seng was the poor performer closing down almost 1% whilst Shanghai was a touch better. Asia really had little top topics but we […]

Protests broke out in Greece over the weekend in Athens and the northern city of Thessaloniki. The government is yielding to Brussels and has not figured out that this policy is destroying its own people and their future. The government passed reforms that they hope will persuade lenders to release more financial aid. They are cutting […]

It was a solid day all around the globe which was a little surprising given most markets backed away from yesterday’s gains late in the day. China’s data was marginal given what had been expected, but the positive momentum, strong oil, and a reviving commodity sector made everything feels sunny again. The Nikkei has recovered […]

The International Consortium of Investigative Journalists (ICIJ) has said that they will release the names of the people involved in the Panama Papers today. They will be withholding the actual documents, which include everything from copies of passports, telephone numbers, Mossack Fonseca’s internal emails, and, in some cases, financial records. Material that will not be included in […]

A morning where PMI’s (Purchasing Managers Index) continue to rule the markets. China’s reaction was somewhat muted after mainland index rallied to close with a strong 1.85% performance but that was countered by the Hang Seng dropping 1.8%. The RBA surprised the markets with a 25bp cut in rates to take key rates back to 1.75%. […]

QUESTION: Mr. Armstrong; I have to admit after following you for almost 2 years now I am impressed. I was a buyer of your first gold report where you introduce me to the idea of different types of cycles from fixed to variable and your benchmarks. I have been amazed that gold bottomed to the week […]

Nikkei cash opened today following the same trend from Friday’s late US futures session with cash down around 4%. This did ultimately produce the days low and we rallied from there in low volume but cash still closed 3.1% lower on the day. China, Hong Kong, Taiwan, Singapore, and Malaysia markets were also closed today. Like Asia, Europe had its share […]