Energy prices were hit quite quickly after a significant bounce upon the EIA news and that played out overnight in Asia. Energy stocks dragged the Hang Seng lower again today with the index closing down around 0.8% on the day. In Japan BOJ governor, Kuroda, said that he would not be surprised if long term […]

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 […]

QUESTION: Marty, can you say what the actual capital flow number was per month? ANSWER: The net foreign private inflows were $113.0 billion, and net foreign official outflows were $39.3 billion for August on securities. That is cash, minus trade. So this is the amount of money running into money instruments.

What appeared to be an uncertain start turned into smiles and hugs all around. The Nikkei opened unchanged and drifted into the red for a short time until the weaker JPY helped exporters and even late in US trading remains above the 104 handle. Shanghai also went from strength to strength and the Yuan continues […]

Asia saw a mixed session with the Nikkei and Hang Seng lower whilst Shanghai rallied. The mood certainly appears heavy the past few days but more through uncertainty than actual news although we did see Chinese exports decline it did not halt the Shanghai’s performance. The impact of China’s data on European markets was evident […]

COMMENT: You are certainly correct, the money hunt is escalating and it’s becoming ridiculous.  I deal with it on a daily basis in the office. What a bunch of fools. J REPLY: This hunt for money is costing business vast amounts of resources and reducing world trade. In banks and brokerage, the back office typically now employs […]

COMMENT: Marty; Your forecast at the last WEC that the pound would break the 1985 low seemed extreme. I have to say as I watch it this morning, your computer picks every trend around the world with remarkable precision. You are providing a unbelievable learning lesson teaching us how the world really works. I understand why […]

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The one thing that markets do not like is uncertainty and that is exactly what we have suffered from the past couple of days. Asia reacted to the Deutsche Bank news with heavy selling despite better than expected numbers from Japan and in late trading the futures have responded yet again. Having lost 1.9% in […]

What was initially a healthy start to the day following a strong Asian session all that changed mid-afternoon when reports about Deutsche Bank hit screens yet again. So, rather than me recapping the whole day lets just concentrate on the final few hours where all the excitement accorded. The rumours hit the trading floors that a […]