Archive for May, 2013

Watch your thoughts for they become words – Video

Watch your thoughts for they become words.
Watch your words for they become actions.
Watch your actions for they become habits.
Watch your habits for they become your character.
And watch your character for it becomes your destiny.
What we think, we become.”

Is this the end to the Nikkei rally and Yen weakness?

When the market opened in Tokyo stocks were widening their losses through the morning session Monday, with the Nikkei tumbling nearly 580 points to move around 14,000. The yen weighed on exporters while players remained jittery over recent volatility in the market.

Is this clients / investors selling ??? Technically yes , but reality is they are selling due to margin call .

This is how the market stands .

Market

Nikkei 225
14,157.34 – 455.11 -3.11%


Currency

 

USD

EUR

GBP

CAD

AUD

JPY

101.0000

130.5800

152.7500

97.7820

97.2550

 


 

Yesterday Bank of Japan Governor Haruhiko backed bullish views on asset marker and said Japan could cope with the increase interest rates .The minutes memo from the BOJ meeting on April 26 showed that a few members see difficulties in hitting the 2% inflation. When Kuroda came to power he unveiled a plan to double money in the economy over two years by ramping up bond purchases, chasing a target of 2 % inflation .

I don’t believe anything has changed in Japan the fundamentals have started to change , consumer spending is up and exports have increased also . I still see Nikkei going towards 17000 year end.

Greed and Fear that what moves the market . At the moment fear is rampant ,

 

Tony Evans

New pension rules make QROPS UK pension transfers stronger

New pension rules make QROPS UK pension transfers stronger.

The HM Revenue & Customs today proposed changes to how QROPS are reported – changes that will strengthen legitimate transfers – another indicator of how recognised QROPS has become.

deVere CEO Nigel Green broke the news on his blog today, shortly after the announcement, citing that the deVere Group fully supports the HMRC proposed changes surrounding QROPS UK pension transfers, as they will introduce ‘even more robust reporting procedures’.

Nigel Green believes that the move will also further protect clients who have already or are thinking about those transferring their pensions out of the UK and strengthen their retirement prospects abroad.

Under the new rules, former QROPS will have to follow reporting requirements, even if they are no longer listed as QROPS. Failure to do so will result in hefty fines.

Additionally, a UK scheme administrator will have to notify the date on which the member left the UK, whether the member is still a UK resident and then notify HMRC when the member ceases to be UK resident.

Nigel Green upheld the HMRC move and said that the QROPS UK pension transfer proposals highlight that the UK is fully committed to allowing free movement of capital under EU law.

Notably, more than 10,000 UK pensions were transferred out of the UK last year, 2,250 of which were administered by the deVere Group.

Click here to read the full Nigel Green Blog

Daily Motivational & Positive Quotes Facebook page

Feel free to like and share

https://www.facebook.com/positivityeachday

Tony Evans

“keep your friends close but your enemies closer”

One of my favourite movies it has so much great little quotes that are inspirational / insightful .

I believe this can be useful in business these days , One must know as much as possible about your enemy / competitor . Their every move, their strategies and basically what they are thinking. You must be prepared, in case they attack.

T

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Greed & Fear – Thats all the Nikkei movements are this year !!

The last 5 months we have seen a BOOM in Japanese Equity and such sexy returns . Everyone forgot that things go up that fast they can go down the same way !

Yesterday erased $314 billion from the country’s
share value, amid optimism growth in company earnings and the
economy are intact

Yesterday the fear factor kicking in and it was ugly times ugly .

My view of investing is very very simple ,the market moves on :

Greed , Fear and black swans

I can see the Nikkei going much higher , 20/25 ,000 as a decent figure .

Stick to the fundamentals , yesterday was the perfect buying opportunity and yes I did , I filled my boots up and know I am out , profit is only profit when it’s in your pocket .

Buffett :

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

Happy Friday

Tony Evans

http://www.bloomberg.com/news/2013-05-24/asia-stocks-rise-as-japanese-shares-rebound-from-slump.html

http://e.nikkei.com/e/fr/tnks/Nni20130524D24SS841.htm

“We cannot become what we need to be by remaining what we are.” Max DePrees

“We cannot become what we need to be by remaining what we are.” Max DePrees

Thought for the day

Have a good one

Tony Evabs

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Key Points from the BOJ Meeting

Key Points from the BOJ Meeting

  • Bank of Japan on Wednesday raised its estimate of the economy for the 5 consecutive month amid signs of the recovery is under way .
  • Monetary policy unchanged as it seeks to beat deflation and generate 2% inflation in two years .
  • BOJ board decided unanimously to maintain its policy of increasing the monetary base at annual pace of Y60 trillion to Y70 trillion.
  • Takahide Kiuchi proposed that the central bank’s inflation commitment be characterized as something to be implemented in “the medium to long term,” and that the current easing policy be seen as “as an intensive measure with a time frame of about two years.” But his proposal was voted down 8-1.
  • BOJ made no mention of the recent rises in Japan government bond yields that have unsettled market participants

Basically they have made the choice of policy last month , now they have to wait and see if the policy take effect .

Watch this space .

 

Tony Evans

Image

http://www.bloomberg.com/news/2013-05-22/boj-affirms-easing-plan-after-biggest-jump-in-yields-in-5-years.html

http://e.nikkei.com/e/fr/tnks/Nni20130522D22JF676.htm

 

BOJ Meeting – What can we expect ? Another surprise from Kuroda ?

Bank of Japan started a two-day policy meeting, yesterday saw the yen strengthening and Nikkei fall. This morning we have the smell of optimism in the air .

Looking at this the market wants another Kuroda magic , or an intention of more stimulus . Could be a very interesting days ahead .Jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.

I can see Kuruda increasing REITS purchases and that will have a huge impact on Japanese property, I can see the mortgage rates increasing ,so my view fix it know !

The economy is in such a better state since Abenomics started and Kuroda surprised the market , does Japan need more stimulus ? It’s like asking a child would you like more ice cream ! The market wants more.

Lets lock and load and see what the end of the weeks have in stall for us

Lets lock and load

Tony Evans

http://uk.reuters.com/article/2013/05/21/uk-japan-economy-boj-idUKBRE94K18G20130521

What Bloomberg was talking about :

http://www.bloomberg.com/news/2013-05-22/asia-stocks-rise-before-bank-of-japan-ends-policy-meeting.html

Asian stocks rose, with the regional benchmark index trading at a five-year high, before the Bank of Japan concludes a two-day policy meeting. Trading on Hong Kong equity markets will be delayed due to a storm warning.
Sony Corp. (6758) surged 9.6 percent in Tokyo after Japan’s Nikkei newspaper reported the company’s board may discuss spinning off its entertainment division. Seven West Media Ltd. (SWM) sank 6.6 percent after KKR & Co. sold a stake in Australia’s most-watched television broadcaster.
The MSCI Asia Pacific Index advanced 0.5 percent to 144.82 as of 10:19 a.m. in Tokyo, before markets in China and Hong Kong opened. Nine of the 10 industry groups on the gauge climbed. The measure surged 11 percent this year through yesterday as U.S. economic data improved and the Japanese central bank took steps to counter deflation.
“It is a fairly big day ahead for the yen, with the BOJ set to hit the wires,” said Stan Shamu, a market strategist at IG Markets Ltd. in Melbourne, a trading services provider. “This is likely to be the key event in Asia today and will have an impact on the whole risk space. With no policy change expected, traders will be looking for comments regarding efforts to stabilize the bond market.”

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You don’t have to be great to start, but you have to start to be great” Zig Ziglar

“You don’t have to be great to start, but you have to start to be great” Zig Ziglar

Anyone one who wants to succeed needs to read his book ,

I remember getting the book by my mentor and though what’s this after reading it I was hooked

Lets lock and load

A pure book of positivity

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