All indications are now pointing to war between the USA and Russia. It appears the powers that be in Washington fear a Trump victory and he would end nation building. The military needs to start a war now because if Trump were elected, he would not go along with this mess. Even Russian TV is […]

The resistance to the refugees in Germany keeps rising. German mayor Joachim Kebschull of Oersdorf had to be hospitalized after he was severely beaten after expressing support for asylum seekers. He was attacked from behind as he walked to a planning meeting on Thursday night. Michael Richter, the head of a party on the town council of Freital, on […]

Asia started poorly on the back of a weaker oil market until Russia announced it would be willing to cutback its oil production in respect of the OPEC decisions. Oil bounced over 3% on the Asian day reversing the mornings losses. In Japan the Nikkei traded heavy most of the day but recovered off of […]

QUESTION:  Any update or longer term array for the GBP? You said they are attempting to hold the USD’s advance back any chance there’s also attempt to punish the UK with an attack on the currency? LM ANSWER: Of course. Europe has a different mindset when it comes to currency. They view the currency as if […]

Asian markets were marginally better on the back of oil but were awaiting the all important US jobs report after a sleepy opening until the FX market woke everyone up. A “fat-finger trade” as many were reporting it (implying a trader input the wrong price and/or quantity) saw GBP trade down to 1.1378 in seconds only […]

QUESTION: Hi Martin I am a follower of your blog. I have a question on your post “Financial Capital of the World & Its Migration” dated 30th sep 2016. I was looking at the graph where Y-axis indicates the scale of Economic Progress (in terms of % of world GDP) against time on X-axis. The decline […]

QUESTION:  I read your blog daily, first thing in the morning. What surprise me is your ability to see through the dust. Socrates has been of real help and thanks a lot. I have a concern within Nato governance that I like your view on. Trump has not touched it however how can there be […]

With China still on national holidays (Golden Week) trading was quiet but maintains the same trend. That being stronger equity markets offsetting the weaker currency. The JPY today hit recent lows (102.50) whilst the Nikkei heads for levels not seen since Q1. The 17k level remains the intraday psychological barrier where traders feel nervous as […]

QUESTION: Hi, I have two questions: a) do you believe US dollar has been kept artificially lower than it should be (or at least in long range trading range) by at least two central banks lately? if so how long you think it would last, years? b) you remind many times gold does not yield so […]

The Organization of Petroleum Exporting Countries’ (OPEC) agreement to cut production is supposed to end Saudi Arabia’s policy of the last to years to pump-at-will. This has sent Middle Eastern economies into a tail-spin and the glut of oil has meant rising taxes and selling bonds to raise capital. With this new claimed reversal of that […]