Month: October 2013

President Barack Obama said Monday there is “no excuse” for the cascade of computer problems that have marred the rollout of his health care law, but declared he was confident the administration would be able to fix the issues. (Oct. 21)

2013.10.21 13:30 6:30AM 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 below the daily pivot point at the 1.36758 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today almost right on the daily pivot and has traded lower as the day has gone on.

Daily Pivot Point: 1.36826
— S1 – 1.36620
— S2 – 1.36380
— S3 – 1.36174
— R1 – 1.37066
— R2 – 1.37272
— R3 – 1.37512

Weekly Pivot Points: EURUSD

Prices are currently trading well over the weekly pivot point to start the week after opening the trading week well above the weekly pivot.

Weekly Pivot Point: 1.36205
— S1 – 1.35376
— S2 – 1.33894
— S3 – 1.33065
— R1 – 1.37687
— R2 – 1.38516
— R3 – 1.39998

Monthly Pivot Point: 1.33989
— S1 – 1.32298
— S2 – 1.29350
— S3 – 1.27659
— R1 – 1.36937
— R2 – 1.38628
— R3 – 1.41576

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.

2013.10.21 13:30 6:30AM 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 under the daily pivot point at the 1.61643 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today slightly below the daily pivot and has traded lower over the day.

Daily Pivot Point: 1.61763
— S1 – 1.61286
— S2 – 1.60931
— S3 – 1.60454
— R1 – 1.62118
— R2 – 1.62595
— R3 – 1.62950

Weekly Pivot Points: GBPUSD

Prices are currently trading above the weekly pivot point to start this trading week after opening trading well above the weekly pivot.

Weekly Pivot Point: 1.60937
— S1 – 1.59633
— S2 – 1.57626
— S3 – 1.56322
— R1 – 1.62944
— R2 – 1.64248
— R3 – 1.66255

Monthly Pivot Point: 1.59633
— S1 – 1.57258
— S2 – 1.52673
— S3 – 1.50298
— R1 – 1.64218
— R2 – 1.66593
— R3 – 1.71178

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.

2013.10.21 13:30 6:30AM 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 over the daily pivot point at the 98.067 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has continued to trade higher over the course of the day so far.

Daily Pivot Point: 97.811
— S1 – 97.473
— S2 – 97.211
— S3 – 96.873
— R1 – 98.073
— R2 – 98.411
— R3 – 98.673

Weekly Pivot Points: USDJPY

Prices are currently trading right at the weekly pivot point to start the trading week. The USDJPY has been on a slightly bullish pace after opening the trading week below the weekly pivot.

Weekly Pivot Point: 98.093
— S1 – 97.191
— S2 – 96.645
— S3 – 95.743
— R1 – 98.639
— R2 – 99.541
— R3 – 100.087

Monthly Pivot Point: 98.806
— S1 – 97.009
— S2 – 95.814
— S3 – 94.017
— R1 – 100.001
— R2 – 101.798
— R3 – 102.993

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.

Kim Farrant is directing the film with financing from Screen Australia.read more

US Dollar drops on Debt Ceiling Agreement –  Government Jobs Report to come on Tuesday

The US dollar was on the defensive across the board last week against the other major currencies in forex market trading as, after much drama, the US government debt crisis was resolved in agreement (for the time being). US stock markets jumped higher on the news that the government will be funded through January 15th and allowed to borrow through February 7, 2014.

The US dollar, meanwhile, was sold off sharply and registered declines for the week against the euro, British pound sterling, Japanese yen, Swiss franc, Canadian dollar, Australian dollar and the New Zealand dollar.

Notably, the US dollar dropped to multi-month lowpoints against the euro (8 month high), the Australian dollar (4 month high) and the New Zealand dollar (5 month high).

This Week’s Fundamental Outlook – US Non-farm Payroll Government Jobs Report due to hit the market on Tuesday

Added to the economic schedule this week is the release of the US government non-farm payrolls jobs report for September. This market-moving report is due out on Tuesday after having been rescheduled due to the US government shutdown.

On the release schedule for Monday is Germany’s producer price index and the United States existing home sales data.

Tuesday will have the US non-farm jobs report as well as Canadian retail sales and trade balance data from Switzerland.

Wednesday we can look forward to the Australian consumer price index, the bank of England meeting minutes, the latest interest rate decision out of Canada as well as the Canadian monetary policy report and bank of Canada press conference.

Thursday will feature United States weekly jobless claims and new home sales, German and euro PMI data and the consumer price index out of Japan.

Friday we can look forward to the GDP report out of the United Kingdom and the durable goods report from the US.

The penalt would cap weeks of heated negotiating and underscore the extent of the bank’s legal woes, people briefed on the talks said.

Valleywag brings us the news that Twitter has set up its overseas operations on much the same lines as Facebook, Google, Apple, Amazon, Microsoft and everyone else does. For the clear and obvious reason that as everyone else does this there’s probably some benefit in doing it this way. That benefit being that it is possible to delay the payment of corporate taxes by doing so.

In a move to seemingly avoid technical glitches that marred Facebook’s IPO, the New York Stock Exchange will hold a test run later this month. [Read more]

NEW YORK (Reuters) – JPMorgan Chase & Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold to them during the housing boom, the Wall Street Journal reported on its website on Friday. The deal is for less than the $6 billion the agency initially sought, the Journal said, citing people close to the discussions. A spokesman for JPMorgan was not immediately available for comment. (Reporting by David Henry in New York; Editing by Gary Hill)