Month: August 2013

Dell and Chief Executive Michael Dell clinched a new $25 billion deal, boosting the bid and offering a special dividend in hopes of ending months of wrangling with opponents of the founder’s proposed buyout of the world’s No. 3 PC maker.

It’s finally happened. Some fourteen and a half months after its IPO, Facebook shares closed above its IPO price of $38/share for the first time since the date of its IPO. Investors who bought shares in Facebook’s IPO and held until now are a whopping 5 cents in the money.

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and speculator positions for 10-year treasury notes in the futures markets rose last week to a small bullish position. 10-year treasury contracts increased to a total net position of +11,903 total contracts in the data reported for July 30th. This is an increase of 44,215 from the previous week’s total of -32,312 net contracts on July 23rd. In the same timeframe, the 10 Year yield increased from 2.53 on Tuesday July 23rd to 2.63 on Tuesday July 30th, according to US Treasury data.

Last 6 Weeks of Large Trader Positions

*COT explanation: The weekly cot report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Article by CountingPips.com – Forex News & Market Analysis

By CountingPips.com

The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders and currency speculators decreased their bullish bets of the US dollar last week for a second consecutive week.

Non-commercial contracts by large futures traders, including hedge funds and large International Monetary Market speculators, trimmed their overall US dollar long positions to a total of $24.45 billion as of Tuesday July 30th. This was a decrease of $4.24 billion from the total long position of $28.69 billion that was registered on July 23rd, according to calculations by Reuters that determine this amount by the total of US dollar contracts against the combined contract totals of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

US dollar positions have now fallen for two straight weeks.

COT explanation: The weekly cot report summarizes the total trader positions for open contracts in the futures trading markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Individual Currencies Large Speculators Positions in Futures:

The large non-commercial net positions for each of the individual major currencies directly against the US dollar last week saw weekly increases for the euro, British pound sterling, Japanese yen, Swiss franc, New Zealand dollar, Canadian dollar and the Mexican peso while only the Australian dollar had a declining number of large speculator positions for the week.

Notable changes: Euro net speculative contracts improved to their best position since June while the Australian dollar net positions have fallen to the most bearish position of its recent decline.

Individual Currency Charts:

EuroFX:

Last Six Weeks of Large Trader Positions: EuroFX

British Pound Sterling:

Last Six Weeks of Large Trader Positions: Pound Sterling

Japanese Yen:

Last Six Weeks of Large Trader Positions: Yen

Swiss Franc:

Last Six Weeks of Large Trader Positions: Franc

Canadian Dollar:

Last Six Weeks of Large Trader Positions: CAD

Australian Dollar:

Last Six Weeks of Large Trader Positions: AUD

New Zealand Dollar:

Last Six Weeks of Large Trader Positions: NZD

Mexican Peso:

Last Six Weeks of Large Trader Positions: MXN

The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).

Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.

(The graphs overlay the forex spot closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.)

See more information and explanation on the weekly COT report from the CFTC website.

Article by CountingPips.com

British company United Capital, which agreed last month to buy most of Bulgaria’s biggest private pension fund Doverie, has no stock market listing, no website and no phone number.

It took more than 14 months, but Facebook has finally bounced back from a disastrous initial public offering. The social network’s shares closed above its offering price of $38 for only the second time in history.

As lawmakers prepared for their annual August recess, Democratic House Minority Leader Nancy Pelosi blasted the record of Congress in 2013, saying, “it’s an aimless Congress, that is falling into chaos, it’s a make matters worse Congress.” (Aug. 2)

Although the unemployment rate fell to 7.4 percent, the share of American adults with jobs is stuck at just 58.7 percent.

A former Goldman Sachs trader was found liable of misleading investors about subprime mortgages, while a hedge fund bet against those mortgages. Fabrice Tourre faces fines and could be banned from working in finance. (Aug. 2)

A British regulator finds that Barclays is seriously undercapitalized, and the bank doesn’t have much time to fix that.Shares of Barclays lost 10 percent of their value after the company disclosed that its capital,as seen by the regulator,needed to grow by 38 percent to be adequate under new rules, unless the bank reduced its assets.