Having rejected the 17k level in the Nikkei we witnessed a powerful opening which never looked back. Complementing the surge was a weak JPY which very much looked as though it could have a 105 handle at one stage. Given the renewed currency weakness it was exporters that led the way with Panasonic, Mitsui Mining […]

A healthy start to the final full week of October with promising data aiding markets globally. In Japan we saw better than expected September Exports (6.9% against a forecasted 10.4%) lifted the Nikkei in afternoon trade to close up 0.3% on the day. This was also supported by the October PMI which came in at […]

The US government says it ran a $US587 billion budget deficit for the fiscal year, which was a 34% increase over last year. Deficits have simply become a standard way of life for Western governments as a whole. They see no problem with borrow more each year when they have absolutely no intention of ever paying […]

It was all happening in Asia overnight with typhoons, earthquakes and a six year low fix for the on-shore Yuan. The PSX (Philippine index) was lower by 0.8% in late trading as the winds struck whilst Tokyo suffered the quake which many say was the result for the Nikkei weakness and the Yens strength. Hang […]

QUESTION: Mr. Armstrong; I have a very basic question. With all the trillions of dollars of stimulus in Europe, USA, and Japan, we are in the age of deflation as you have pointed out. The Federal Reserve itself predicts less than 2% economic growth so that is probably optimistic yet the best in the western […]

https://www.youtube.com/watch?v=G-rJiPIqGhg Megyn Kelly grilled Donna Brazile on the recently released videos that show the Democratic National Committee (DNC) hiring people to create violence at Trump rallies in an effort to discredit Trump supporters. American political activist James O’Keefe, the founder of Project Veritas, released the undercover tapes entitled “Rigging the Election” to expose the corruption behind […]

Asian markets traded better on the heels of last nights presidential debate following the firm US closes with Japan especially strong climbing 1.4%. The Nikkei is now trading at the highest levels since April and the JPY looks to have rejected the attempts to regain the par level. Shanghai and Hang Seng were little changed as most awaited […]

COMMENT:  In the recent presidential debate, Clinton boasted of her 30 years of PUBLIC service. Trump spoke of the Clintons having a personal fortune of $250M. If this fortune was made during her and her husbands PUBLIC service, in what way did they really serve the public. I just don’t get it …. I don’t understand why this […]

The Nikkei opened on a wobble but after the first couple of hours progressed steadily to close up +0.3% on the day. As JPY found the renewed bid, and even in late trading, the Yen was knocking on the 102 handle as futures trades close to unchanged. Shanghai also found comfort with Q3 GDP reporting […]

Capital flows are intensifying. This is why oil is up, gold is up, euro down, US share markets up. Things are shifting quietly. Norway reports that Russian ships are on their way to Syria. Obama may get his wish all before the election in hopes of boosting Hillary.