The Swiss voted to allow a new oversight of the Federal Intelligence Service to spy domestically for security, of course. There were promises that this would be subject to an independent control to ensure it was not abused and become a Stalinist power. Well, it turns out that the “independent” supervision is just an internal […]
We have prepared a very important special report on Britain in the wake of the British election. This special report covers the forecast for the British pound (otherwise known as cable or sterling) against the dollar, euro, and the Japanese yen. Additionally, this covers the long gilts and the share market. We have also addressed […]
The plot of the movie Minority Report was a SciFi flick that in the future they used physics to monitor the world and report if someone was going to commit a crime. Now Japan is doing that but without the physics – just bureaucrats. Japanese Prime Minister Shinzo Abe’s government passed the most outrages legislation perhaps […]
Tech shares continued to suffer in Asia but failed to influence the wider markets, but by the close even they had turned positive. Having been closed yesterday, today we saw a healthy run in the ASX (+1.67%) after the report that Business Confidence for May released better than expected. Banks led the rally with CBA, […]
Some were disappointed that the RBA (Reserve Bank Australia) did not actually cut rates and so were saw a sell-off in the All Ords. The Index declined around 1.5% with losses seen across the board in Financials, Energy and Resource stocks. The RBA reported balance of payments wider than expected (A$3.1BN). The currency balanced some […]
We would like to thank everyone for a great conference. We apologize to those who could not get a seat. These events have always sold out for they are really mini-UN style meetings with clients from more than 25 countries attending. The next event will be held in Orlando. We promise that in the future […]
“The mood seemed anxious” – this was one comment we heard today as prices drifted in Asian light volume. The FED had already put a hawkish tone into the markets following their meeting but then commodity prices aren’t really helping matters either. The ASX has felt the weight of BHP and Rio price action recently […]
COMMENT: Martin, OK, so I don’t follow major media at all. However, there was a link to a story from the Washington Post on Google. Silly me–I followed it. There, in white letters on a black background was the WP’s logo and motto: “Democracy dies in darkness”. And there you have it: They told the […]
Volumes are always low when many markets are closed and that is what we saw in todays trading. Under those conditions the Nikkei returned a positive performance as the Yen continued Fridays heavy theme having spent much of the day in the high 111’s. This is not a huge move but a weaker currency will […]
