VIX futures speculators decreased bearish bets for 3rd week on Oct 22nd

By CountingPips.com

Weekly CFTC Net Speculator Report

VIX: Large traders and speculators decreased their bearish positions for a third straight week on October 22nd in the futures trading market. The VIX non-commercial contracts totaled a net position of -43,297 contracts in the data reported for October 22nd, according to the Commodity Futures Trading Commission (CFTC). This was a change of +20,317 contracts from the previous week’s total of -63,614 net contracts that was registered on October 15th.




VIX

In the same time-frame, the VIX index score decreased from 18.66 on Tuesday October 15th to 13.33 on Tuesday October 22nd, according to the Chicago Board Options Exchange (CBOE) Volatility Index.

*The COT data was not published by the CFTC for close to a month due to the partial government shutdown and the latest data is up to October 22nd.



Last 6 Weeks of Large Trader Positions

Date Net Non-Commericals Change
09/17/2013 -91017 8441
09/24/2013 -81534 9483
10/01/2013 -81942 -408
10/08/2013 -72250 9692
10/15/2013 -63614 8636
10/22/2013 -43297 20317



*COT Report: The weekly commitment of traders 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).




Article by CountingPips.comForex News

 

Fundamental Forex Outlook – Upcoming Major Events on the Schedule this Week

By CountingPips.com
US-EconomyThis is a very busy week for the Forex market with many important economic events on the schedule. We will see interest rate decisions out of the Euro zone, the United Kingdom and Australia while there is important government employment data from the United States, Canada, Australia, Switzerland and New Zealand. Here’s a quick rundown of the economic highlights.

  • Monday has the Australian retail sales data on the schedule as well as PMI data from Germany and the United Kingdom.
  • Tuesday‘s economic releases include the Australian interest rate decision (market expectations of a rate hold), ISM nonmanufacturing data from the United States and employment data from New Zealand.
  • Wednesday will see Eurozone retail sales data, Canadian building permits, factory orders and PMI data from Germany as well as the leading indicators from US.
  • Thursday is a very busy day with major releases including the Australian employment change, interest rate decisions from the United Kingdom and the euro zone as well as GDP and personal consumption expenditure data from the United States.
  • Friday will see the United States non-farm payrolls employment report as well as the Canadian employment change data for October.


Please see the week’s highlighted economic events below or our full calendar:



This Week’s Economic Highlights:

Monday, November 4

Australia — retail sales data
euro zone — Germany PMI manufacturing
euro zone — Sentix investor confidence
United Kingdom — PMI construction
United States — factory orders

Tuesday, November 5

China — HSBC services PMI
Australia — interest rate decision
Switzerland — consumer price index
United Kingdom — PMI services
euro zone — producer price index
euro zone — economic growth forecasts
United States — ISM non-manufacturing
New Zealand — unemployment data
Japan — BOJ minutes

Wednesday, November 6

Australia — trade balance
euro zone — Germany PMI services
euro zone — PMI services
United Kingdom — industrial/manufacturing production
euro zone — retail sales
euro zone — Germany factory orders
United States — mortgage applications
Canada — building permits
United Kingdom — GDP estimate
Canada — Ivey PMI data
United States — leading indicators

Thursday, November 7

Australia — employment change
Japan — leading index
Japan — coincident index
Switzerland — consumer confidence
euro zone — Germany industrial production
United Kingdom — Bank of England interest rate decision
euro zone — interest rate decision

United States — weekly jobless claims
United States — GDP report third-quarter
United States — personal consumption expenditure

Japan — foreign bonds/stocks buying

Friday, November 8

Switzerland — trade balance
Switzerland — unemployment rate
euro zone — trade balance
Switzerland — retail sales
United Kingdom — trade balance
Canada — housing starts
United States — non-farm payrolls employment report
Canada — employment change data

United States — University of Michigan confidence
United States — IMF financial crisis speeches



See our full economic calendar here.

 



VIDEO: Food Stamp Benefits Drop on Friday

Americans who receive food stamps will see their benefits drop on Friday, when a temporary boost from the 2009 economic stimulus runs out. Congress is negotiating more possible food stamp cuts, as part of a wide-ranging farm bill. (Nov. 1)

USDJPY Forex Pivot Point Levels for 2013.11.01

2013.11.01 14:00 8:00AM ET | USDJPY Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair. Price action is currently trading slightly over the daily pivot point at the 98.359 price level, according to data at 8:00 AM ET. The pair opened the Asian trading session earlier today a little above the daily pivot and dropped all the way to S2 support level before recovering and pushing back through S1 and then the daily pivot.

SC USDJPY 2013.11.01

Daily Pivot Point: 98.331
— S1 – 98.101
— S2 – 97.847
— S3 – 97.617
— R1 – 98.585
— R2 – 98.815
— R3 – 99.069


Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point (and new monthly pivot) on last trading day of the week. The USDJPY has been on a bullish pace this week after opening the trading week below the weekly pivot. The pair, at time of writing, trades above the R1 resistance level.

SC USDJPY 2013.11.01

Weekly Pivot Point: 97.602
— S1 – 96.730
— S2 – 96.059
— S3 – 95.187
— R1 – 98.273
— R2 – 99.145
— R3 – 99.816


Monthly Pivot Point: 97.973
— S1 – 96.949
— S2 – 95.545
— S3 – 94.521
— R1 – 99.377
— R2 – 100.401
— R3 – 101.805

 

By CountingPips.comForex Trading Apps & Currency Trade Tools

 

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

EURUSD Forex Trading Pivot Point Levels for 2013.11.01

2013.11.01 14:00 8:00AM ET | EURUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair. Price action is currently trading under the daily pivot point at the 1.35121 price level, according to data at 8:00 AM ET. The pair opened the Asian trading session earlier today below the daily pivot and has continued on its way lower over the course of the day to under the S1 support level.

SC EURUSD 2013.11.01

Daily Pivot Point: 1.36335
— S1 – 1.35289
— S2 – 1.34701
— S3 – 1.33655
— R1 – 1.36923
— R2 – 1.37969
— R3 – 1.38557


Weekly Pivot Points: EURUSD

Prices are currently trading sharply lower than the weekly pivot point on last trading day of the week. The EURUSD has been on a bearish pace so far this week after opening the trading week above the weekly pivot.

SC EURUSD 2013.11.01

Weekly Pivot Point: 1.37612
— S1 – 1.36908
— S2 – 1.35800
— S3 – 1.35096
— R1 – 1.38720
— R2 – 1.39424
— R3 – 1.40532


Monthly Pivot Point: 1.36305
— S1 – 1.34295
— S2 – 1.32711
— S3 – 1.30701
— R1 – 1.37889
— R2 – 1.39899
— R3 – 1.41483

 

By CountingPips.comForex Trading Apps & Currency Trade Tools

 

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

 

 

GBPUSD Forex Trading Pivot Point Levels for 2013.11.01

2013.11.01 14:00 8:00AM ET | GBPUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair. Price action is currently trading sharply under the daily pivot point at the 1.59529 price level, according to data at 8:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has traded lower over the course of the day.

SC GBPUSD 2013.11.01

Daily Pivot Point: 1.60374
— S1 – 1.60074
— S2 – 1.59748
— S3 – 1.59448
— R1 – 1.60700
— R2 – 1.61000
— R3 – 1.61326


Weekly Pivot Points: GBPUSD

Prices are currently trading also sharply under the weekly pivot point at time of writing. The GBPUSD has been on a bearish pace so far this week after opening the trading week at the weekly pivot.

SC GBPUSD 2013.11.01

Weekly Pivot Point: 1.61774
— S1 – 1.60989
— S2 – 1.60359
— S3 – 1.59574
— R1 – 1.62404
— R2 – 1.63189
— R3 – 1.63819


Monthly Pivot Point: 1.60640
— S1 – 1.58688
— S2 – 1.56977
— S3 – 1.55025
— R1 – 1.62351
— R2 – 1.64303
— R3 – 1.66014

 

By CountingPips.comForex Trading Apps & Currency Trade Tools

 

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.