Asia traded heavy with the yen making new recent highs in the continued flight to quality/safety. Interesting we have seen such a tight trading range as we near almost half year lows and in rather thin volume. The blame continues to be placed at the feet of geopolitical tensions, France’s upcoming elections and the uncertainty […]

SAC Capital, formerly known as Sirius Asia Capital, in Singapore was founded in 2004. It began as a corporate finance firm specializing in IPOs and corporate advisory. There has been some confusion that a different SAC Capital Advisors was located in Stamford, Connecticut and New York City while its legal headquarters was incorporated offshore in Anguilla, […]

Nervous markets again with US military positioning headlines for most of the session and that led to safety moves back into the JPY. Having broken the 111 handle early, next target was the 110 handle. Many did not expect the US trading hours to take it as far as it did (109.65 -1.1% last) levels […]

  QUESTION: Mr. Armstrong; In Germany DWN wrote that Cohn of Goldman Sachs is in favor of returning Glass–Steagall. This seems strange. Do you have any insight? ANSWER: Very simple. Glass–Steagall was separating investment banking from banks. Goldman Sachs is by no means a traditional bank but were always an investment bank. If you restore Glass–Steagall this […]

Asia saw a mixed session today with almost everyone discussing the rising geopolitical tensions in the region. The initial move into safe-haven trades appeared to be short-lived and so we saw yen trade back into the mid 111 range having rejected the 110’s. The DXY closed strong on Friday and continues to trade strong. Exporters […]

Russia’s Foreign Minister Sergey Lavrov telephoned Rex Tillerson concerning the attack on Syria. The minister had told Tillerson that allegations that the Syrian military had used chemical weapons in the so-called “poison gas incident” lacked any proof whatsoever. Lavrov and Tillerson had agreed to personally continue the talks on Syria, because it is increasingly looking […]

  Trump has sent a demonstration of strength against North Korea deploying a group of aircraft carriers towards the Korean Peninsula. With the loose-canon in charge of North Korea, a show of force is not guaranteed to have any effect on giving him a second thought. The measure instead may more likely simply exacerbate tensions […]

With all the attacks upon Trump as having some covert connection with Putin to defeat Hillary when nothing hacked from the DNC was ever said to have been faked or altered, just released, one must wonder has this suddenly influenced Trump to attack Syria to prove he is not in league with Putin? If the […]

The main talking point affecting markets in Asia and indeed the rest of the world from the early hours trading was the US military action from the Mediterranean Sea. Safe haven assets were bid with bonds, gold and oil seeing good buying while the nerves found money being taken off the table in equity markets. […]

Japan was the major mover in Asian trade that followed the sentiment set by the afternoons reversal in US stocks. The Nikkei fell around 1.4%. The yen traded back to previous highs as again it was pushing against the 110 resistance level. Shanghai continued its run after the long weekend, eventually closing +0.35 higher again. […]