The Flying L Trader – September the 23rd

David i Forex Training Session
By David Long

Friday was a tame trading session in comparison to the day before. The markets still digesting what it means for the Fed not to slow the QE3 ship down. What it will do is make the US economic figures scrutinised and volatile since Uncle Ben has firmly […]

The Flying L Trader – September the 20th

David in Forex Workshop
By David Long

Well, less than 24hrs after the FOMC decided they didn’t have enough strong data to stop printing their currency into the ground the yanks had a 6% drop in the dole queue, a 4% jump in new home sales and a massive spike in the Philly fed, from 9.3 to 2 […]

The Flying L Trader – September the 18th

By David Long

The day before the quarterly FOMC meeting will always be tricky to trade. Best to stay out until tomorrow morning when we will have a better idea of direction and sentiment. The question on everyones lips will be answered. Are they slowing down the bon […]

The Flying L Trader – September the 17th

Forex Trainer David
By David Long

All the headlines are spruiking the market moves to Summers pulling out of the race to be the new Fed Chairman. Personally I think this is slightly ridiculous and that there is more to it than that, but I just can’t find it or put my finger on it. Mark […]

The Flying L Trader – September the 16th

David i Forex Training Session
By David Long

Some big selling of the US$ on the open this morning, with 50pips the average but the Aussie at 90pips. Over the weekend the news wasn’t that drastic I would think. Merkel looking like she will retain leadership but the big story is the egg on US face […]

The Flying L Trader – September the 13th

Forex Trainer David
By David Long

I think the gold price is the closest indicator to funds view of “tapering”. It was down 3% or 40 bucks. That is a large move when last night I would consider there should have been a flight to safety. Syrian’s al-Assad taunted the US as he said “hey O […]

The Flying L Trader – September the 12th

By David Long

With a relative quiet week on the data front, price has been left to itself. Although last night’s UK jobs data gave the cable a 90pip spark which was a bit of fun. Also headlines on Syrian front has seen the US back down with embarrassment and I dare […]

The Flying L Trader – September the 10th

David in Forex Workshop
By David Long

Thanks to the strong Chinese data on the weekend and yesterday the markets had a good day, with stocks healthily in the green side of the ledger. Copper and industrial metals too were up giving strength to the Aussie and Loonie. Precious metals and oil […]

The Flying L Trader – September the 9th

David i Forex Training Session
By David Long

Sunday – the Chinese trade balance came in at 28.6B, a large jump up from previous of 17B and well over forecast of 20B. This will give the Aussie dollar a boost on Monday as China rebounds and is picking up steam. The Aussie should also benefit from t […]

The Flying L Trader – September the 6th

David in Forex Workshop
By David Long

Both the BOE and ECB kept things steady as she goes and unlike Uncle Ben also rained down on any positive parade by suggesting rates will not rise in 2015 and growth will be subdued. On the other side of the Atlantic the US in contrast posted another n […]