Early fears from the earthquake and the concerns that we would break the 18k level were soon dismissed as the morning lows created the days lows. The Nikkei traded better just ahead of the lunch break and spent the balance of the afternoon session trading from strength to strength and closing at the days highs. […]

  A positive session in Asia in what is presumed to be a quiet week as US holidays shorten much intended volume. We usually see a flurry in activity post US Thanksgiving which usually is the last ditch attempts by big money to balance decisions ahead of year end. All should be complete by the […]

  QUESTION: Once again Martin your information and explanations are top class. Indian demonetisation, supportive stories in Australian press of ending the $100 bill, Swedish Riksbank investigating digital currency… You called all this months ago and now mainstream media softening up the masses.. Question – why is Bill Gates supporting this do you think ? Thanks […]

This is the boldest move by any government in recent times. Both the old 500 Rs and 1000 Rs notes have been “probabilistically devalued” meaning that anyone holding large number of notes, the value just has been significantly lowered by approximately 10 to 20% overnight. If you now try to deposit the cash, the money […]

We hardly saw any excitement overnight other than the fact that the BOJ bought some 10yr JGB’s to keep yield around zero. This obviously has a detrimental affect on the currency and in late trading we see JPY trading close to 110. As a consequence of the weaker currency financial stocks traded heavy whilst the […]

Despite a better than expected GDP in Japan (almost double expectations) yesterday failed to inspire much of a follow through today. That was the case until the cash market closed and it was only then that the Yen took a turn for the worse. In late US trading the Yen broke into the 109 handle […]

That was interesting! Obviously well trodden ground now but the DOW futures were around 800 points lower at the time the Asian cash markets closed. The Nikkei was down over 5% on the day and as result of market bouncing in early US trading the futures are up over 900 points (5.75%). The Yen traded […]

Our computer projected a reaction rather than a change in trend. In the Dow Jones Industrial cash Index, the major support lies down at 17330 area. The technical support lies at 17283 for next week as well. Many will expect the reaction to a Trump victory to be the same as BREXIT. Our computer is […]

Well, the election that seemed to never end is finally coming to an end, but will it end today? This is very interesting to watch how biased the press has become and clearly they have lost all credibility. This election is the most dramatic I have ever seen in my lifetime. Normally, there is really […]

Markets were dominated by the overnight news that the FBI would be taking no action over the newly uncovered Hilary Clinton emails! As soon as the news broke we saw positive price action for most core indices (cash and futures) with a decent bounce in the US Dollar whilst last weeks safe-haven bids (precious metals […]