Following President Trump’s correction of Steve Mnuchin’s currency comments the currency markets experienced wild swings just ahead of the Asian trading session. The ASX opened weaker, hitting the days lows in early trading and then spent the rest of the day trying to make-up lost ground. Nikkei and Hang Seng opened better but on the […]
Robert Mueller is trying to build a possible obstruction case to take down Trump. There is no case for a conspiracy with Russia. Mueller is certainly not a fan of Trump as the rumors paint it in Washington. Nothing would crown his career more than taking down a president. Trump is often his own […]
QUESTION: In your year-end report, you said the resistance in the pound for 2018 was at the 14500-14600 level throughout 2018. We stopped at the mid 14300 level. Is this it? ANSWER: In 2016, the British pound elected the Yearly Bearish Reversal at 14000. It is normal to retest that level since we closed 2016 […]
QUESTION: Mr. Armstrong; You have repeatedly said that the USA wants a lower dollar while Europe thinks a strong currency is better. You said the dollar would decline first into 2018. That seems to be spot on. After Treasury Secretary Steven Mnuchin statement that a weaker dollar is best for USA, the dollar sold off. Why […]
It certainly felt as though Asia was keen to hear what the ECB has in store before making its next move. With most core markets closing weaker many were hoping the ECB would result in their relief. The Nikkei closed down over 1% but then the Yen did appreciate 0.5% in Tokyo trading. As expected, […]
COMMENT: Hi Martin: Thanks for the great conference in November–I really enjoyed it. I thought you might want to use this quote some time, which would well relate to the present FBI scandal. It comes from Wm. Penn, whose “Some Fruits of Solitude” is included in Book 1 of the Harvard Classics Five Foot Shelf of […]
Robert Mueller’s investigation has climbed all the way up to Donald Trump himself. He is now demanding to interrogate Trump under oath in hopes of getting him on a perjury charge as he desperately tries to take him down on an obstruction of justice charge chalking one up for the Bureaucrats he has been protecting. When Hillary […]
QUESTION: At the Institutional WEC session in 2016, you forecast that rates would rise but that the long-end would produce a positive yield for the next two years at least. Are we coming to an end of that forecast? ANSWER: The new Institutional service is being expanded currently. Our hedging model positions have been added […]
The DXY (Dollar Index) fell below the psychological 90 level today and that seemed to propel Asian stocks, whilst Europe preferred the currency. In Japan however, the Nikkei took the brunt of the selling, closing down (-0.8%) whilst the currency spent much of the day flirting with the 109 level. a gain of roughly […]
QUESTION: You have mentioned that the US maintained a two-tier monetary system with trade dollars during the 19th century. Did Britain ever do the same or was the fact that Britain was the financial capital so they were exempt? Thank you for the help and education. DL ANSWER: When Elizabeth I (1558-1603) was on the […]
