Month: December 2013

2013.12.04 | AUDUSD Market Analysis

AUDUSD Trends & Fibonacci Retracement Levels

The AUDUSD currency pair has been declining in forex market trading today with the AUDUSD registering a high of 0.91393 and reaching to a low of 0.90071 on the day. Trends data shows the pair is remaining in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Major level of 0.9000 lurks below that could offer support for this falling pair.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -226.5 pips
30-day current trend is BEARISH / Trend strength of -577.2 pips
60-day current trend is BEARISH / Trend strength of -207.8 pips
90-day current trend is BULLISH / Trend strength of 362.4 pips
180-day current trend is BEARISH / Trend strength of -1023.5 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568

By CountingPips.com – Forex Trading News & 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.

Italian Finance Minister Fabrizio Saccomanni tells WSJ’s Finance Editor Francesco Guerrera that the euro might go lower, Italy’s economy is on the mend and its politics are getting more straightforward after Silvio Berlusconi’s exit. Photo: Getty Images.

President Barack Obama announced a boost to funding for research into HIV/AIDS prevention and pledged up to $5 billion to support an international effort aimed at combating HIV/AIDS. Speaking at the White House to mark World AIDS Day, the president said the United States would contribute $1 for every $2 pledged by other donors over the next three years to support The Global Fund, an international financing institution that fights AIDS, tuberculosis and malaria.

Israeli Prime Minister Benjamin Netanyahu should take the heat out of his row with U.S. President Barack Obama, his top coalition partner said on Tuesday, warning that the spat over Iran was not helping Israel. “I think we have to lower the flames with the Americans,” said Finance Minister Yair Lapid, who heads the second largest party in the government. “This confrontation isn’t good and it also doesn’t serve our goal,” he told Army radio. Relations between Israel and Washington, traditionally the closest of allies, have soured over the past month, with Netanyahu openly criticizing Obama for backing a world powers’ deal aimed at curbing Iran’s nuclear activities. Some analysts and commentators have said the dispute has pushed relations between the two countries to their worst level in more than 20 years, causing unease in Israel which relies heavily on military and diplomatic support from Washington.

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators cut back on their overall bearish positions in the 10-year treasury note futures for a third straight week on November 26th, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The COT report was released on Monday instead of the usual Friday due to last week’s US holiday. The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -155,554 contracts in the data for November 26th. This was a change of +24,809 contracts from the previous week’s total of -180,363 net contracts that was recorded on November 19th. The past three weeks have seen the 10-Year bearish positions retreat from the November 5th level which had marked the highest bearish position in 10-year notes in 2013.

Over the last week’s time-frame, the yield on the 10-Year treasury note recorded the same level of 2.71 on Tuesday November 19th as the 2.71 registered on Tuesday November 26th, according to US Treasury data.

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 Trading News & Analysis

By CountingPips.com

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Monday due to the US holiday last week, showed that large futures traders added to their bets for the US dollar last week for a fifth consecutive week.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $20.39 billion as of Tuesday November 26th, according to Reuters. This was a weekly change of $3.29 billion from the $17.1 billion bullish position that was registered on November 19th, according to the data from Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

This latest data pushes the US dollar bullish positions to a new highest level since September 10th when US dollar bets were long at a total of $22.01 billion. Large spec bets have increased for the dollar over the last five weeks since USD bets fell to a $-3.64 billion net level on October 22nd.

Individual Currencies Large Speculators Positions in Futures:

The large non-commercial net positions for each of the individual major currencies directly against the US dollar saw weekly advances for the British pound sterling, Swiss franc, Mexican peso and the Australian dollar while there were weekly shortfalls for the euro, Canadian dollar, New Zealand dollar and the Japanese yen which fell to a new lowest level of 2013.

Individual Currency Charts:

EuroFX:

Last Six Weeks of Large Trader Positions: EuroFX

British Pound Sterling:

Last Six Weeks of Large Trader Positions: Pound Sterling

Japanese Yen:

Last Six Weeks of Large Trader Positions: Yen

Swiss Franc:

Last Six Weeks of Large Trader Positions: Franc

Canadian Dollar:

Last Six Weeks of Large Trader Positions: CAD

Australian Dollar:

Last Six Weeks of Large Trader Positions: AUD

New Zealand Dollar:

Last Six Weeks of Large Trader Positions: NZD

Mexican Peso:

Last Six Weeks of Large Trader Positions: MXN

*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

2013.12.02 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been rising in forex market trading today with the USDCHF registering a high of 0.91093 and reaching to a low of 0.90422 on the day. Trends data shows the pair is currently trying to cross over into a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in a downtrend as seen on the daily chart by the 90-day Linear Regression Channels below.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -75.0 pips
30-day current trend is BULLISH / Trend strength of 152.5 pips
60-day current trend is BEARISH / Trend strength of -100.5 pips
90-day current trend is BEARISH / Trend strength of -269.7 pips
180-day current trend is BEARISH / Trend strength of -479.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88892
— 0.236 – 0.90413
— 0.382 – 0.91354
— 0.500 – 0.92115
— 0.618 – 0.92876
— 0.764 – 0.93817
— 1.000 – 0.95338

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.

2013.12.02 | NZDUSD Market Analysis

NZDUSD Trends & Fibonacci Retracement Levels

The NZDUSD currency pair has been rising in forex market trading today after gapping higher to start the week with the NZDUSD registering a high of 0.82213 and reaching to a low of 0.81500 on the day. Trends data shows the pair is currently in process of trying to break out of the short-term downtrend with prices trading a bit over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below.

NZDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -222.7 pips
30-day current trend is BEARISH / Trend strength of -222.6 pips
60-day current trend is BULLISH / Trend strength of 6.0 pips
90-day current trend is BULLISH / Trend strength of 470.9 pips
180-day current trend is BEARISH / Trend strength of -61.5 pips

Daily Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.85410
— 0.236 – 0.83464
— 0.382 – 0.82260
— 0.500 – 0.81286
— 0.618 – 0.80313
— 0.764 – 0.79109
— 1.000 – 0.77163

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.

2013.12.02 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been gaining ground in forex market trading today with the USDCAD registering a high of 1.06526 and reaching to a low of 1.06126 on the day. Trends data shows the pair is currently in a short-term uptrend  with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. The uptrend is continuing through the top of the fibonacci retracement level (0.0%) that registered a new high last week.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 222.9 pips
30-day current trend is BULLISH / Trend strength of 220.3 pips
60-day current trend is BULLISH / Trend strength of 283.6 pips
90-day current trend is BULLISH / Trend strength of 141.6 pips
180-day current trend is BULLISH / Trend strength of 311.5 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.06270
— 0.236 – 1.05217
— 0.382 – 1.04566
— 0.500 – 1.04039
— 0.618 – 1.03512
— 0.764 – 1.02861
— 1.000 – 1.01808

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.

2013.12.02 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 over the daily pivot point at the 102.844 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.880 while the low of day reached to 102.217. The pair earlier today opened the Asian trading session above the daily pivot, traded lower to below the pivot area and has trended higher over the course of the day.

Daily Pivot Point: 102.367
— S1 – 102.134
— S2 – 101.873
— S3 – 101.640
— R1 – 102.628
— R2 – 102.861
— R3 – 103.122

Weekly Pivot Points: USDJPY

Prices are currently trading above the weekly pivot point after opening the trading week higher than both the weekly and monthly pivots.

Weekly Pivot Point: 102.042
— S1 – 101.483
— S2 – 100.572
— S3 – 100.013
— R1 – 102.953
— R2 – 103.512
— R3 – 104.423

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.