QUESTION: What mechanism prevents banks from creating fraudulent electronic deposits of currency? As an IT systems admin, I have the ability to add / subtract / adjust ERP systems inventory / costing outside the normal users ability. I could add widgets to the system at will, but fraud can’t be sustained very long, as the […]

The Shanghai index managed to hold onto gains for longer than the Hang Seng, but eventually both closed negative. Talk is, that a US/China Trade deal would be forthcoming but with a distinct lack of detail and a possible misinterpretation by markets. Core Shanghai reacted most with a 1.3% decline, while Hong Kong held in […]

Asian markets were buoyant in the hope the meeting between USA and China over the next few days would prove fruitful. Early losses were quickly reversed leading to 1% gains for both Shanghai and the Hong Kong’s Hang Seng indices. The Nikkei gained strength throughout the day, but should be viewed together with a weakening […]

The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would control, we will come one step closer to losing all […]

The 3% decline in the NASDAQ and the 1.65% fall in both the S+P and DOW continues to nerve global markets and today was no different. Technology indices are affected across the globe, but then they have been the hot topic for a few years now. In Asia it was no different today with China […]

A relief rally after a poor opening for US markets and that confidence did roll into Asia, but only for a short time. The Nikkei opened well but then saw selling and the heavy mood softened the index into the weekend. This trade could also have been a balanced trade for the Yen, which is […]

Only two of the core Asian indices opened better this morning and even they backed into negative territory. The Nikkei and the SENSEX were the two, but both were back in the red within the hour. Nerves, poor data, sentiment, lack of investment and the US volatility are all reasons being provided for the negativity […]

Although the Asian markets opened weaker, that proved to be the days low and all recovered from then on. That said, the Nikkei, New Zealand, KOPSI and ASX all finished lower with Japan actually losing 2%. In late trading we are seeing a small recovery for the Nikkei futures but with that the Yen is […]

Even as Chinas trade expanded, it really has done nothing for stock market confidence or sentiment, especially after the poor auto sales numbers. We saw more selling pressure today as the Shanghai core index closed 1.4% lower, with the Hang Seng under even more pressure resulting in a 2.4% decline. Money is still leaving the […]

Much of the Asian trading day was over when results began to appear from the US midterm elections and so markets lacked momentum. Early gains were reverted in what we now know were misinterpreted Asian market responses. The USD was sold throughout much of the day, but interesting that the Japanese Yen retained a 113 […]