The key conversation was always going to be surrounding the Federal Reserve rate decision today despite any data releases. In Japan we saw the release of the Tankan (sentiment survey) which, at 10, repeated the same level as previous release as the Nikkei closed almost unchanged on the day. The Hang Seng was a similar […]

The Nikkei continued its march in todays trading adding an additional +0.5% with the Yen behaving. The consensus appears to be happy the FED will raise which will likely hit the currency even more and have positive effects upon the Nikkei. The Shanghai responded to better than expected Retail Sales (10.8 v’s expectations of 10.1%) […]

This week will all be about the Federal Reserve and the outlook for rates into next. The strip is pricing in additional moves already but it is the long end that is having a worrying impact on many dealers. Obviously, the recent curve movement is music for the (US) banks and insurance companies but will […]

I previously reported that Germany was teaching refugees how to get lucky with German girls. The education effort is continuing. In class, one tried the line “I love you. Can I sleep over at your place?” The professional lines being taught are  “I really love the scent of your perfume,” or “You have a beautiful voice.” […]

Mario Draghi, extended the European Central Bank (ECB) $ 1.74 trillion bond purchase program to support the economy by nine months to at least the end of December 2017. This is far longer than most economists had expected. However, the monthly volume of currently €80 billion euros will drop to €60 billion euros from April 2017 […]

India is moving now to confiscate gold after going after the cash. Currently, each married woman is entitled to 500 grams, each unmarried woman 250 grams, and each man 100 grams of gold. Everything that goes beyond is classified as illegal possession and thus will be confiscated. There is no restriction on the possession of […]

  COMMENT: Marty; I have attended every conference since 2011. You have really opened my eyes and you have to be blind not see that you have called every trend from the decline in gold, rally in the Dow, collapse of Europe, the rise in the dollar, and the uptick in war/civil unrest not to […]

The release of Newsweek’s now famous Madam President before the election was decided is a mistake that is not intentional. “Dewey Defeats Truman” was another major mistake when the Chicago Daily Tribune on November 3, 1948, announced Truman lost to Dewey. The paper became famous when it was held up by Truman at a public appearance […]

It was time for a little retracement in the Nikkei having seen some strong gains and with NFP’s only hours away that was exactly what we saw. The yen gained ground again trading into the the 113’s and was influenced by more selling in the Shanghai and Hang Seng indices eventually both closing around 1% […]

Well the emails are pouring in already since our post on the upcoming French elections where our model was showing that “Clearly, the socialists are finished.” We further stated: “They made a two election come back, but that was just a reaction reaching 51.63% compared to their peak at 51.76% in 1981. This suggests they […]