This is a bit outside of what I normally do but I read today that the Tokyo Stock Exchange is near a deal to set up a stock market in Myanmar.
It reminded me of this quote from Jim Rogers:
“If you can find ways to invest in Myanmar you will be very, very rich over the next 20, 30, 40 years.”
I will be posting at Forexlive on Monday from 8 a.m. to 4 p.m. New York time. Stop by, say hello and we can talk about the latest in markets. If you don’t know Forexlive, check it out. Jamie and the rest of the crew there have a huge following for a reason.
As the markets open in Asia to start the week, the chatter is all about Europe, especially fresh German opposition to ECB bond buying. There is a large and vocal part of German parliament that wants no part of a more integrated Europe, especially one where Germany in on the hook for fiscal irresponsibility elsewhere.
This could be the defining feature of the early part of this week. The real answers won’t come until Sept. 7 when German lawmakers vote on the latest round of proposals. I posted more in a link from Ambrose Evans-Pritchard on Twitter. Also note that Monday is a bank holiday in the UK and NY will be slower than usual due to the storm.
Later this week the theme will shift to non-farm payrolls and the ISM services report. We will keep you up to date.
We had some problems with our market data feed but thankfully it has all been resolved. Data on forex rates, stocks and commodities can all be found at: http://fxbutton.com/quotes/. I’m still looking for a good tool to display bond yields and I’m working on building a tool that ranks currency performance.