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 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 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 […]

The Flying L Trader – July the 29th

The Flying L Trader – July the 29th
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So, what has happened on Friday night and the weekend? Well, two brilliant games of rugby were played. Exciting running ruby and deserved of semi-finals. Onto the final next week in Hamilton NZ with the Chiefs hosting the Brumbies from Canberra on Saturday evening. Looking forward to that! In the markets, stocks were flat in […]

The Flying L Trader, July the 26th

The Flying L Trader, July the 26th
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Nothing of note out last night, Europe seems to be recovering, although have a mountain of debt. The markets are doing their thing as they should be and behaving well, I have nothing else to say really, so go and enjoy your weekends. DATA HIGHLIGHTS AHEAD (times are in AEST) – Nothing of note. AUDUSD […]

The Flying L Trader, July the 25th

The Flying L Trader, July the 25th
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An interesting session. We had Aussie CPI come in pretty much on the money but weak enough to have people continue to talk of lowering rates. The smarter ones disagree (ie Pascoe). 15 minutes later as we were still digesting that news, China posted a terrible PMI, way below expectations. Not good for the Aussie. […]