The BOJ certainly woke everyone up this morning having concluded their meeting with the expectation of negative interest rates. Within seconds the Nikkei leaped 700 points only then trade back then spent the final 90mins climbing to close the session +2.8%. Adversely, the Yen was hit reaching 121.50 in Tokyo trading a loss of a […]

It was all too weary early this morning with Asian markets collapsing as oil prices hit session lows of $29.25 (WTI) and the Shanghai Index closed down 6.4%. News intraday that the PBOC had conducted its biggest daily open market operation in three years (360bn yuan) still could not turn the mood. The majority of […]

Hillary will not release transcripts of her speeches at Goldman Sachs for which she was paid $675,000. The New York Times has reported that she has racked up $30 million in speaking fees in just 16 months. However, the total amount Clinton received in speaking fees since 2001 has reached $125 million. It seems to be […]

Asia’s response to the late U.S. rally in stocks was to play catch-up this morning with all core indices closing up around 1% (roughly where they opened). The ASX followed the surge in oil prices with a gain of almost 2%. Rumors around the market that the BOJ has furthered easing plans helped sentiment, so […]

QUESTION: Hi Martin, How long has the central banking era been going and will it come to an end? How many central banks create liquidity for governments by buying their bonds? Cheers SL ANSWER: I understand that central banks have been demonized and the great conspiracy centers around their ability to create money. Creating money is […]

Hillary Clinton continues to struggle against Bernie Sanders who has rightly pointed to her ties to Wall Street. They should put it out there straight: THE CLINTONS HANDED STUDENTS TO THE BANKERS. In an attempt to stand up to this criticism, which is really indefensible, Hillary said she is no closer to the nation’s largest banks […]

As they say: “What a difference a day makes”. Dealers were telling us yesterday that they left the sentiment had changed for whatever reason they were calling this one, the Mario Move. Continuing its overnight run into Asian trading eventually easing above the $30 mark it gave the Equity dealers the comfort to take stocks […]

Well, today was fun! Asia suffered from the start with heavy selling across the board. Both the Nikkei and HSI closed down almost 4% with Shanghai losing just 1%. Most blamed the IMF down-sizing its growth forecast (from 3.6 to 3.4%) but obviously, the oil price is never far from everyone lips. With WTI closing […]

Overnight the Chinese data that the whole market was waiting for actually missed on the estimate (forecast was 6.9 but actual came in at 6.8) but all was forgiven after the PBOC injected more liquidity combined with rumours of additional supporting measures! The Shanghai Index loved the move and returned a 3% daily push. In […]

QUESTION:  We see that the United States can borrow all it needs at minimal cost and we also see that we’re getting a big boost from falling energy/commodity prices, to levels we have not seen in some 15 years my “economic model” — which is not a computer model but is certainly scientific in nature […]