The Flying L Trader – August the 28th

The Flying L Trader – August the 28th
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With rising concern of US action in Syria, the headlines are getting louder, oil rallied 2.7% as one would expect. It broke through recent resistance and tested the $110 mark. This has, and will continue to give strength to the Loonie over in the land of the maple leaves. Gold also rallied almost 2%. Copper […]

The Flying L Trader – August the 27th

The Flying L Trader – August the 27th
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US durable goods came in poorly last night, down 7.3% compared to an adjusted figure of +3.9% previous. I see this, along with Friday nights New Home sales as rogue figures and not a new trend. The greenback punched lower against most peers but managed to regain the losses within a few hours.   More […]

The Flying L Trader – August the 26th

The Flying L Trader – August the 26th
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Over in the good ol’ USofA their economic data slipped a little late in the week with unemployment rising and New Home Sales missing the mark big time. Remember that the housing industry is where the US is seeing most of its growth and that unemployment is the figure Uncle Ben is targeting for reduction […]

The Flying L Trader – August the 12th

The Flying L Trader – August the 12th
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Commodities continued to rally on Friday, in particular the industrial metals with copper up another 1.5%. This gave both the Aussie and the Loonie a shot in the arm of buying adrenalin. The US$ didn’t do much in particular however the euro and cable weakened against it, whilst yen and kiwi had minor gains. Stocks […]

The Flying L Trader – August the 9th

The Flying L Trader – August the 9th
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The greenback weakened somewhat in the last session and is nearing the bottom of its cycle. Bonds ticked up a couple of points (rates falling) and commodities had a great run. With the jump in Chinese data yesterday, copper had a positive 3% day, the market became buoyant with the positive sentiment on the global […]

The Flying L Trader – August the 8th

The Flying L Trader – August the 8th
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Woohoo what a night! A great fun ride. Carney, Canada, US all pitching in for the entertainment. The rollercoaster took off with BOE Governor Carney linking their Asset Purchase Program to economic targets, following Bernanke’s thinking to target unemployment. This will make the unemployment data each month (as in the US) a bigger deal than […]

The Flying L Trader, August the 7th 2013

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Morning all!  Yesterday saw the RBA lower rates, more on that below, and the Aussie rallied. The thing is, that given that the market was 100% convinced of a cut that who was left to sell the dollar when it did happen? Also, the wording of the statement hinted at no more after this, whilst […]

The Flying L Trader – August the 5th

The Flying L Trader – August the 5th
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US NFP only added 162K, less than forecast, but the rate did fall to 7.4%, so mixed bag really and the markets are confused by it. The US$ got a little weaker but the stock market rallied somewhat. I see it as no end to QE3 this year, not even a slowdown.   Stocks will […]

The Flying L Trader – August the 2nd

The Flying L Trader – August the 2nd
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So the week of the central banks is over and the stock market is very bullish with the US S&P500 surpassing the 1700 mark for first time ever. Europe and UK also had strong sessions. Ben and his counterparts all have kept their stance of easing, keeping the flow of cheap money going. For Ben, […]

The Flying L Trader – July the 30th

The Flying L Trader – July the 30th
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A weaker US home sales number including a downgrade of previous months, but better than forecast, so the US dollar gains in strength. As you can see, the market is driven by the expectations of the figure, not the actual number. Everyone is positioned with a view that it will be out at -1.1% and […]