Month: January 2014

2014.01.08 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading higher than the daily pivot point at the 1.64127 price level, according to currency trading data at 6:30 AM ET. The GBPUSD high for the day has been 1.64296 while the low of day reached to 1.63757. The pair earlier today opened the Asian trading session slightly below the daily pivot and has trended higher as the day has progressed.

Daily Pivot Point: 1.64034
— S1 – 1.63695
— S2 – 1.63391
— S3 – 1.63052
— R1 – 1.64338
— R2 – 1.64677
— R3 – 1.64981

Weekly Pivot Points: GBPUSD

Prices are currently trading below the weekly pivot point at time of writing. The GBPUSD has been on an overall sideways trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.64709
— S1 – 1.63392
— S2 – 1.62625
— S3 – 1.61308
— R1 – 1.65476
— R2 – 1.66793
— R3 – 1.67560

By CountingPips.com – Forex 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.

2014.01.08 13:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading over the daily pivot point at the 0.91065 price level, according to currency data at 6:30 AM ET. The USDCHF high for the day has been 0.91145 while the low of day reached to 0.90756. The pair earlier today opened the Asian trading session above the daily pivot and initially trended lower towards the main pivot where support materialized and pushed prices to the R1 level above.

Daily Pivot Point: 0.90737
— S1 – 0.90494
— S2 – 0.90089
— S3 – 0.89846
— R1 – 0.91142
— R2 – 0.91385
— R3 – 0.91790

Weekly Pivot Points: USDCHF

Prices are currently trading over the weekly pivot point at time of writing. The USDCHF has been on an overall bullish trend this week after opening the trading week higher than the weekly pivot.

Weekly Pivot Point: 0.89876
— S1 – 0.89185
— S2 – 0.87897
— S3 – 0.87206
— R1 – 0.91164
— R2 – 0.91855
— R3 – 0.93143

By CountingPips.com – Forex 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.

After it passed a key procedural hurdle Tuesday morning, President Obama urged the Senate to pass a bill to extend unemployment insurance.

On Monday afternoon, the Senate confirmed Janet Yellen, 67, as new chairperson of the Federal Reserve. Yellen is the first woman to take over the top spot in the 100-year history of the U.S. central bank, or any major central bank. Second to Ben Bernanke since 2010, Yellen was Barack Obama’s pick for the Fed Chair. “Too many Americans still can’t find a job and worry how they’ll pay their bills and provide for their families,” she said at her White House nomination.

By CountingPips.com

Weekly CFTC Net Speculator Report

VIX Futures Contracts: Large traders and speculators slightly added to their overall bearish positions in the VIX futures market on December 31st, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Monday. The VIX non-commercial contracts, traded by large speculators and hedge funds, totaled a net position of -39,992 contracts in the data reported for December 31st. This was a change of -1,867 contracts from the previous week’s total of -38,125 net contracts on December 24th. Speculators had reduced bearish positions for two straight weeks through December 24th and pushed contracts to the lowest bearish level since July before the slight increase in the bearish position last week.

Meanwhile, over the same time-frame, the VIX index rose from 12.48 on Tuesday December 24th to 14.28 on Tuesday December 31st, according to the Chicago Board Options Exchange (CBOE) Volatility Index.

Last 6 Weeks of Large Trader Positions

*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.com – Forex News & Analysis

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Large Speculator bullish bets fell to $17.5 billion on December 31st

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Monday, showed that large futures traders and speculators cut back on their bullish bets of the US dollar to the lowest level since November.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $17.5 billion as of Tuesday December 31st, according to Reuters. This was a weekly change of -$1.42 billion from the total $18.92 billion bullish position that was recorded on December 24th, according to the calculations by Reuters that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

The US dollar aggregate positions on December 31st dropped to the lowest level since November 19th when US dollar bullish bets equaled $17.1 billion.

Individual Currencies – Large Speculators Positions in Futures:

The non-commercial net positions for each of the individual currencies directly against the US dollar showed weekly increases for the British pound sterling, Japanese yen, Canadian dollar and the New Zealand dollar while there were weekly declines for the euro, Swiss franc, Australian dollar and the Mexican peso. See charts & data below.

Individual Currency Charts: Large & Small Speculator Positions vs Spot Price

EuroFX:

Last Six Weeks data for EuroFX futures

British Pound Sterling:

Last Six Weeks data for Pound Sterling futures

Japanese Yen:

Last Six Weeks data for Yen Futures

Swiss Franc:

Last Six Weeks data for Franc futures

Canadian Dollar:

Last Six Weeks data for Canadian dollar futures

Australian Dollar:

Last Six Weeks data for Australian dollar futures

New Zealand Dollar:

Last Six Weeks data for New Zealand dollar futures

Mexican Peso:

Last Six Weeks data for Mexican Peso futures

*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).

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 – Forex News & Analysis

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large speculators and futures market traders sharply increased their overall bearish positions in the 10-year treasury note futures by the most since August, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday.

The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -173,674 contracts in the data reported for December 31st. This was a change of -67,906 contracts from the previous week’s total of -105,768 net contracts that was recorded on December 24th. The -67,906 change was the largest weekly increase in bearish positions since August 27th when 10-Year bets registered a weekly change of -85,985 contracts. Overall net positions are now at the most bearish level since November 19th when net positions totaled -180,363 contracts.

Over the same reporting time-frame, from Tuesday December 24th to Tuesday December 31st, the yield on the 10-Year treasury note increased from 2.99 to a yield of 3.04, according to data from the United States Treasury Department.

Last 6 Weeks of Large Trader Non-Commercial Positions

*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.com – Forex Trading News & Analysis

2014.01.06 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading under the daily pivot point at the 1.63845 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64153 while the low of day reached to 1.63364. The pair earlier today opened the Asian trading session trading slightly below the daily pivot and has trended lower as the day has progressed with support being found at the S2 support area.

Daily Pivot Point: 1.64277
— S1 – 1.63824
— S2 – 1.63487
— S3 – 1.63034
— R1 – 1.64614
— R2 – 1.65067
— R3 – 1.65404

Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point at time of writing after opening the trading week below the weekly pivot of 1.6470.

Weekly Pivot Point: 1.64709
— S1 – 1.63392
— S2 – 1.62625
— S3 – 1.61308
— R1 – 1.65476
— R2 – 1.66793
— R3 – 1.67560

By CountingPips.com – Forex 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.

2014.01.06 13:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading above the daily pivot point at the 0.90390 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.90661 while the low of day reached to 0.90345. The pair earlier today opened the Asian trading session over the daily pivot and trended higher initially before coming back towards the main pivot so far today.

Daily Pivot Point: 0.90302
— S1 – 0.90037
— S2 – 0.89601
— S3 – 0.89336
— R1 – 0.90738
— R2 – 0.91003
— R3 – 0.91439

Weekly Pivot Points: USDCHF

Prices are currently trading over the weekly pivot point at time of writing after opening the trading week above the weekly pivot which resides at 0.8987.

Weekly Pivot Point: 0.89876
— S1 – 0.89185
— S2 – 0.87897
— S3 – 0.87206
— R1 – 0.91164
— R2 – 0.91855
— R3 – 0.93143

By CountingPips.com – Forex 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.

2014.01.06 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading a few pips under the daily pivot point at the 104.556 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 104.942 while the low of day reached to 104.138. The pair earlier today opened the Asian trading session higher than the daily pivot and has trended lower over the course of the day with prices finding support below the S1 support area.

Daily Pivot Point: 104.593
— S1 – 104.310
— S2 – 103.785
— S3 – 103.502
— R1 – 105.118
— R2 – 105.401
— R3 – 105.926

Weekly Pivot Points: USDJPY

Prices are currently trading below the weekly pivot point at time of writing after opening the trading week above the weekly pivot of 104.77.

Weekly Pivot Point: 104.778
— S1 – 104.125
— S2 – 103.413
— S3 – 102.760
— R1 – 105.490
— R2 – 106.143
— R3 – 106.855

By CountingPips.com – Forex 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.