Throughout history, there has NEVER been a market manipulated TO ALTER its long-term trend – PERIOD. If this were remotely true, then communism would not have collapsed since that was the attempt to eliminate the business cycle. The Swiss peg would not have collapsed, nor would Bretton Woods have collapsed, or anything else in history […]

A mixed session out of Asia with not one market providing a clear sense of direction! The Nikkei and Shanghai spent the day flip-flopping between red and black whilst the Hang Seng saw selling throughout the day. All core European Indices returned negative performances today with declines between -0.2% and 0.6%. The U.S. opened weaker after yesterday […]

The Nikkei did see a solid performance today closing up +0.67%, but the guess is that large players will remain on the sidelines until after the BOJ at the end of the week. Shanghai and HS were heavy and even dragged the ASX (Australian Index) lower in late trading as talk returned to a slowing global […]

As expected Asia opened with a strong bid following the PBoC announcement, with the Nikkei over 19k. This did not last however as all indices turned lower towards the end of the trading day. The Nikkei closed on the days lows but still positive +121pts (+0.65%), Shanghai dipped briefly into negative territory just ahead of the […]

Aegina  is the prominent Greek island in the Saronic Gulf, 27 km (17 mi) from Athens. Traditionally, the island derives the name from Aegina who was the mother of the hero Aeacus and the island is named after her since this is where she gave birth to her son who became its king. Aegina was […]

QUESTION: Mr. Armstrong, it seems many people are starting to pretend they have artificial intelligence systems and neural nets. It seems that they are using these terms very loosely. Can you explain the real difference? Everyone I have spoken to says you are the father of AI in finance. Thank you for all you contribute […]

Asian equity market continued the rally overnight that the ECB had teed-up for them with all main indices returning around +1.75% on the day. Although Europe had the afternoon session yesterday to react to the ECB Q+A, the early momentum remained constructive regardless. Then the news that the Chinese (PBoC) had cut its one-year benchmark lending rate by 25bp to […]

The Nikkei gave back some of yesterday’s rally as afternoon trading stocks turned negative to close down 118 points (0.65%). Shanghai rallied into the close, eventually gaining 1.5%, which made back some of yesterday’s losses. Europe spent most of the morning in no-mans land waiting for direction from the ECB. They did not have long to […]

Although the trade numbers from Japan were below forecasters’ projections, the street was abuzz with speculation of further BOJ intervention; so we saw the Nikkei close up 2% today. The same could not be said for Shanghai (closed down 3.5%) whilst the HSI was closed for a public holiday. European indices really could not decide on direction but after a […]

The economic data released from China earlier this morning has been the most talked about economic topic across almost every trading desk today. China’s Q3 GDP resulted in a small beat at 6.9% (expected 6.8%), and the September Retail Sales also slightly better at 10.9% (expected 10.8%) and then finally September Industrial Production released 5.7% against an estimated 6.0% expectation. All rather disappointing really – well, as […]