Early gains were eroded having seen an in-line CPI print but the weekend book-squaring turned sentiment to settle just under the weekly highs. The currency continues to decline with the Yen trading 113.50 for the majority of the session having rejected the 114 figure change earlier in the day. The Shanghai and Hang Seng indices […]
QUESTION: Marty; you said at the cocktail party that there are four level of time within each major level of time from daily to yearly. You said that trading results depend upon how you use the model for it is not a one dimensional model so people trying to compare trading results are usually lost. […]
The Yen weakness continues to off-set the Nikkei strength with today breaching the 113 level and spending most of the day trading weaker. The Nikkei rallied closing up 0.9% with exporters leading the gains given the currency play. Volumes were light but then that should have been expected given the US holidays but we remain […]
QUESTION: Marty; I find the Global Market Watch really amazing. The talk of India banning gold imports could lead to a crash you have warned about under $1,000. The weekly level in gold came up and said about to crash and even caught the high the week of 07 November. The monthly also caught the […]
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 […]
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 […]
