A heavy day for Asian shares with 1% declines for many core markets. The fear was created as the British Prime Minister Theresa May is expected to claim that Britain will make a “clean and hard” exit from the European Union when she makes her speech on Tuesday. Sterling was trading around the 1.2200 for the majority of […]
A healthy bounce for the Nikkei ahead of the weekend closing up +0.8% but we only saw a small reversal in the Yen. The currency needs to move at the same time but in opposite directions in order to maximize trend. JPY was last seen this evening at 114.50, almost unchanged for the cash close. […]
It was not a pretty site for most stock markets today with much of the mainstream media blaming Trump. The first press conference will probably be remembered for the resulting stock market volatility. As Asia opened the mood was heavy but having watched futures markets take much of the immediate repercussions cash tended to take […]
Although the Asian cash markets were reasonably strong today we did see a slight wobble in the Shanghai index. Japan cash closed +0.35% and Hang Seng even better at +0.85% but China’s main index closed down -0.8% all in relatively low volume day. However, this was ahead Trump’s first major press conference. Most of the […]
After the holiday in Japan yesterday the JPY resumed its strong recovery and with it saw a decline in the Nikkei. The yen traded close to the 115 handle whilst the Nikkei lost 0.8% on the day. Concerns are still that the DOW continues to reject the 20k level and is having a psychological effect […]
The demand for safe-haven JPY returned with a vengeance today even though Japan was on a national holiday (Coming of Age Day) but in the futures markets the Nikkei lost almost 1.3%. The Yen traded stronger all day and in late US trading was seen slightly under the 116 level. Both the Shanghai and Hang […]
Most markets were waiting for the US employment report in order to set the theme for the rest of the month. Auto shares were the poor performer on the Nikkei today after Trump’s remarks over tax levies on auto-makers but also because the rally in the JPY. The Nikkei closed off -0.3% led predictably by […]
After a 2% jump in the Nikkei yesterday we was no surprise to see a little profit-taking today. The JPY was a major talking point today with a very healthy bounce back to the mid 115 level, a 1.5% price move in the day. The Hang Seng was the star core performer within Asia closing […]
Japan was certainly the star performer today after we saw the PMI (Purchasing Managers Index) print far higher than expectations. The forecasted number was 51.9% but the release came in at 52.4 a sign that the economy is making significant sentiment in the right direction. This also comes on the heels of this similar number […]
Asia has started the new year in positive mood especially after some better than expected China data. The Chinese PMI rose to 51.9 from an expected 50.7 forecast helping the core markets register a 1%+ increase today. This comes on the heels of a change in the calculating factors for the Yuan. As we reported […]
