Month: September 2013

2013.09.25 New York Close – End of US Session

EURUSD Currency Pair Levels & Trend Strength Data

EURUSD climbed back over the 1.3500 level today and closed over that threshold to end the day. The trend continues to be bullish but consolidation seems to be setting in and fall back below 1.3500 could start a short-term downtrend. Likely downside targets include the previous support and resistance level at 1.3400 as well as the 23.6% fibo retracement level. More bullish action will likely see resistance into the 1.3550 — 1.3565 area represented by top of Fibonacci retracement.

Current Market Price: 1.35249

 Today’s Pivot Point Levels:

Daily Pivot Point: 1.34848
Weekly Pivot Point: 1.34710
Monthly Pivot Point: 1.32810

 Linear Regression Indicator Trend Strength Data:

10-day current trend is BULLISH / Trend strength of 291.9 pips
30-day current trend is BULLISH / Trend strength of 146.1 pips
60-day current trend is BULLISH / Trend strength of 417.9 pips
90-day current trend is BULLISH / Trend strength of 383.6 pips
180-day current trend is BULLISH / Trend strength of 86.9 pips
365-day current trend is BULLISH / Trend strength of 801.8 pips

By CountingPips.com – Forex News

Transportation and Finance Sectors are expected to report decent earnings growth for Q3 (IYT, KRE).

Conservative Republican Senator Ted Cruz ends 21 hours, 19-minute marathon speech opposing Obama’s health care law. The freshman senator stopped speaking at noon Wednesday. (Sept. 25)

Apple’s carrier partnerships in France are going under the microscope. An administrative watchdog called the DGCCRF, which operates in France’s Finance Ministry, is investigating the clauses Apple enforces in its contracts with wireless carriers. According to Reuters, the body is specifically focusing on Apple’s requirements related to sales volume, advertising, and commissions to a respective carrier’s salespeople.

France’s finance ministry is investigating the conditions that Apple imposes on mobile operators that sell its smartphones, according to French media BFMTV. An administrative body known as the DGCCRF, which is tasked with consumer protection and assuring competition, is looking into a variety of clauses in Apple’s contracts with mobile operators, including sales volume requirements, advertising restrictions, and commissions given to sales staff.

Standing on the Senate floor Tuesday afternoon, freshman Republican Senator Ted Cruz says he will speak until he’s no longer able to stand in opposition to President Barack Obama’s health care law. (Sept. 24)

President Barack Obama urges Security Council action on Syrian chemical weapons ban and welcomes signs of new Iranian government’s ‘more moderate course’ in UN address. (Sept. 24)

The real housing debate boils down to this: Should all Americans continue to have relatively easy access to the pre-payable, 30-year, fixed-rate mortgage? Nick Timiraos reports. Photo: AP.

Denis Villeneuve’s $30 million dark crime thriller Prisoners is off to a solid start at the North American box office race thanks to strong reviews and adult attention. Fully financed and produced by Alcon Entertainment, the Hugh Jackman and Jake Gyllenhaal starrer is expected to hit $20 million for the weekend, good enough for a first-place finish.

U.S. State officials behind the launch of President Barack Obama’s healthcare reform on October 1 say they could weather a federal government shutdown, though the scenario would add new pressure to the political attacks and technical issues that have weighed on the program’s introduction.