Month: March 2014

2014.03.21 12:30 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 at the 102.266 price level and under the daily pivot point , according to data at 6:30 AM ET. The USDJPY high for the day has been 102.422 while the low of day has reached 102.005. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended lower over the course of the day with support being found at the S2 support area.

Daily Pivot Point: 102.376
— S1 – 102.215
— S2 – 102.041
— S3 – 101.880
— R1 – 102.550
— R2 – 102.711
— R3 – 102.885

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point at time of writing. The USDJPY has been on an overall bullish trend this week after opening the trading week below the weekly pivot while resistance has been present at the 102.50 exchange level.

Weekly Pivot Point: 101.984
— S1 – 100.549
— S2 – 99.767
— S3 – 98.332
— R1 – 102.766
— R2 – 104.201
— R3 – 104.983

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.

2014.03.21 12:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.37955 price level and just above the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.38014 while the low of day has reached to 1.37648. The pair earlier today opened the Asian trading session below the daily pivot and has trended slightly higher over the course of the day so far.

Daily Pivot Point: 1.37905
— S1 – 1.37368
— S2 – 1.36944
— S3 – 1.36407
— R1 – 1.38329
— R2 – 1.38866
— R3 – 1.39290

Weekly Pivot Points: EURUSD

Prices are currently trading under the weekly pivot point and slightly above the S2 support level at time of writing. The EURUSD has been on an overall sharply bearish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.39036
— S1 – 1.38412
— S2 – 1.37706
— S3 – 1.37082
— R1 – 1.39742
— R2 – 1.40366
— R3 – 1.41072

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.

Paul Walker’s mother is asking a Los Angeles court to appoint her as guardian of the late actor’s 15-year-old daughter. Records show Cheryl Ann Walker filed a petition on Tuesday to become the legal guardian of her granddaughter in accordance with the actor’s final wishes. The filings state that Meadow Rain Walker has been living with her grandmother since her father was killed in a fiery car crash in November. The filings state that Meadow Walker’s mother is also living with Cheryl Walker in her home but should not be the primary caretaker for her daughter due to alcoholism. The will of the “Fast & the Furious” star called for his father to handle his estate’s finances and his mother to care for his daughter if he died before she reached adulthood.

Ready access to financing is the lifeblood of most small businesses. Yet the National Small Business Association reports that many small business owners are not getting access to the credit they need. According to the NSBA’s 2013 Mid-Year Economic Report, “Today, just 65 percent of small businesses report they are able to obtain adequate financing, down from 73 percent just six months ago.”

A child born in 2012 will cost his parents $241,080 in 2012 dollars, on average, over his lifetime. And children of higher-earning families drain the bank account more: Families earning more than $105,000 annually can expect to spend $399,780 per child. The “price tag” is astounding, considering that until not long ago, kids were expected to contribute to the household and were not generally a financial drain on it.

2014.03.18 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.39042 price level and under the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.39369 while the low of day has reached to 1.38887. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower with support for the pair being found above the S1 support area.

Daily Pivot Point: 1.39150
— S1 – 1.38832
— S2 – 1.38465
— S3 – 1.38147
— R1 – 1.39517
— R2 – 1.39835
— R3 – 1.40202

Weekly Pivot Points: EURUSD

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

Weekly Pivot Point: 1.39036
— S1 – 1.38412
— S2 – 1.37706
— S3 – 1.37082
— R1 – 1.39742
— R2 – 1.40366
— R3 – 1.41072

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.

2014.03.18 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 at the 0.87414 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.87490 while the low of day has reached to 0.87230. The pair earlier today opened the Asian trading session just below the daily pivot and has trended modestly higher to between the pivot point and the R1 resistance level.

Daily Pivot Point: 0.87335
— S1 – 0.87119
— S2 – 0.86912
— S3 – 0.86696
— R1 – 0.87542
— R2 – 0.87758
— R3 – 0.87965

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.87405
— S1 – 0.86769
— S2 – 0.86343
— S3 – 0.85707
— R1 – 0.87831
— R2 – 0.88467
— R3 – 0.88893

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.

2014.03.18 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 at the 1.66012 price level and under the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.66466 while the low of day has reached to 1.65884. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and has trended sharply lower in the morning today to the S1 support level.

Daily Pivot Point: 1.66336
— S1 – 1.66025
— S2 – 1.65725
— S3 – 1.65414
— R1 – 1.66636
— R2 – 1.66947
— R3 – 1.67247

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.66525
— S1 – 1.65645
— S2 – 1.64795
— S3 – 1.63915
— R1 – 1.67375
— R2 – 1.68255
— R3 – 1.69105

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.

That deadline to file your income taxes is getting closer, and right about now you may be worried that you can’t pay. Jonnelle Marte joins MoneyBeat with tips on handling one of the biggest taxpayer fears. Photo: Getty Images.

By CountingPips.com

Large Speculator bullish bets fall to $10.56 billion on March 11th

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and futures speculators decreased their bullish positions of the US dollar for a fifth straight week through March 11th.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $10.56 billion as of Tuesday March 11th, according to the latest data from the CFTC and Reuters. This was a weekly change of -$1.04 billion from the $11.60 billion total bullish position that was registered on March 4th, 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 five weeks of decline has pushed the US dollar aggregate position to a new low level since November 5th 2013 when the overall bullish position totaled just $7.02 billion.

Net Contract Standings for the week:

Individual Currencies – Large Speculator Weekly changes:

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