All core Asian markets traded heavy by the close of business – it was hopeful that Japan was to be the exception – sadly, that was not to be the case! Although the Nikkei was higher for the majority of the day in the final ninety minutes it too was sold and closed down 161 […]

We saw healthy performances across all Asian Indices amongst the G20 headlines. There is much talk about additional fiscal stimulus coming from China whilst Germany takes the opposite view (expressed by Wolfgang Schaeuble) stating that easy monetary policy “risks serious side effects.” Core indices closed higher on the day (Nikkei +0.3% and Shanghai +1%) but […]

A comment by a reader with a philosophy is interesting and delusional at the same time. “Armstrong chose not to seek any compromise but to put all the blame on government. In principle, that’s got to be an absurd point of view. So it seems to me. One more thing, to his alleged factual correlation. Government […]

Shanghai was the talk between many dealers again this morning after we saw heavy morning selling accompanied by afternoon selling, which resulted in a 6.4% decline in the index. Financials were one of the leaders as the FX yuan mid-point rate was set lower at 6.5273 to the dollar on Tuesday and on Thursday at 6.5318. […]

COMMENT: Marty; it is clear that the IMF is reading your forecasts. No such agency has the power to provide any economic forecast whatsoever. The IMF is starting to mimic your forecasts since you said China would decline into 2020 when no one else said that and now Lagarde says China will be a drag […]

After a slightly nervous start to the Asian trading day all core equity markets made solid gains of between 1 and 2%. A slight comfort was assumed in China after PBOC Governor Zhou claimed the renimbi is balanced but then made ground on the news that the head of the regulatory body was changing. The […]

QUESTION:  Dear Martin , I had been following the the various gold bug theories since 2009 but became disillusioned after 2011 until I came across your site . What you say makes sense and something I trust , however there is still one issue I am struggling to understand . When gold spiked during the […]

A very welcome quiet Friday after another volatile week for Asian markets but at least this one has been positive for the Nikkei. Closing down today (-1.3%) as dealers continue to question the BOJ’s drastic monetary policy (despite rumors of agree officials attempting to silence the media) but the Nikkei has closed up almost 7% […]

Shanghai was following the heard (+1.5%) until the last few hours of trading when the index fell to close small down (-0.2%). Both the Nikkei and Hang Seng built on yesterday’s gains, despite (Japanese) economic data failing to live up to expectations (exports fell 12.9% against a market consensus of -11.3%). Worth noting also is […]

Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]