A quiet and mixed session for Asia as we watched the only real move and that was in the USD. Given all the uncertainty we are seeing a steadier run for the US Dollar, with possibly an arguable underlying bid for gold. The Nikkei did retrace a little of yesterdays decline, closing up +0.25% […]
Solar eclipses have been observed throughout history. As to be expected, they have often been seen as omens along with comets. We hear if the star of Bethlehem that announced the birth of Jesus and the comet that appeared the night Julius Caesar was assassinated, which has been historically recorded on coins proving his divinity. […]
We have added some short-term text to the opening of the Standard base edition of Socrates to help during this immediate market shift going into September. We will be adding an intermediate level soon that will have short-term analysis and then the third level will have the access to the arrays and reversals. This way […]
A Very Important Forecast for Gold on the private blog Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
FED minutes were the talking point early on and the split decision the market hadn’t really expected. A little more uncertainty thrown into the mix which creates hesitation and a reason to take a little cash off of the table. Throw in the Trump disbanding both the Manufacturing Council and Policy Forum and questions start […]
The biggest conversational topic today was the recent USD bounce, as well as the oil price decline. Japans Nikkei held-in as the nervousness returned, but it was the JPY trading back close to 111 that had people talking. Given the US Retail Sales number was so above expectation the market now assumes the FED are […]
Well Kim Jong-un has blinked as he has now said he will wait before sending missiles towards the US Pacific territory of Guam. He said he was prepared for “the enveloping fire at Guam”, but he said he would watch what “the foolish Yankees” do before taking a decision. I have warned that the risk was too […]
Despite a better than expected Japanese Q2 GDP (annualised 4%) the Nikkei fell 1% in thin summer trading. The currency probably took most of the blame for this as it weakened back towards 110 as we head to the end of the trading day. One wonders if the flight to safety argument is finally being […]
Private Blog: Gold Closing of 8-11-2017 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
China really felt the hesitant mood today with the main Shanghai index down 1.6% and the Hang Seng fall over 2%. President Trump really was doubling down on the speech play late US/early Asian time zone and the markets reflected the mood. South Korean KOPSI dropped 1.7% in todays trading and also the SENSEX gave […]
