Month: January 2014

2014.01.21 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 under the daily pivot point at the 1.35308 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.35620 while the low of day has reached to 1.35243. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower over the course of the day.

Daily Pivot Point: 1.35416
— S1 – 1.35163
— S2 – 1.34816
— S3 – 1.34563
— R1 – 1.35763
— R2 – 1.36016
— R3 – 1.36363

Weekly Pivot Points: EURUSD

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

Weekly Pivot Point: 1.35847
— S1 – 1.34708
— S2 – 1.34023
— S3 – 1.32884
— R1 – 1.36532
— R2 – 1.37671
— R3 – 1.38356

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.

2014.01.21 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 1.64252 price level and just over the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64515 while the low of day has reached to 1.64059. The pair earlier today opened the Asian trading session slightly above the daily pivot and has found resistance at the R1 resistance area.

Daily Pivot Point: 1.64235
— S1 – 1.63958
— S2 – 1.63667
— S3 – 1.63390
— R1 – 1.64526
— R2 – 1.64803
— R3 – 1.65094

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.64123
— S1 – 1.63177
— S2 – 1.62135
— S3 – 1.61189
— R1 – 1.65165
— R2 – 1.66111
— R3 – 1.67153

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.

2014.01.20 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 0.91058 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.91316 while the low of day has reached to 0.90897. The pair earlier today opened the Asian trading session above the daily pivot and initially trended higher before finding resistance at the R1 resistance area.

Daily Pivot Point: 0.90853
— S1 – 0.90514
— S2 – 0.90090
— S3 – 0.89751
— R1 – 0.91277
— R2 – 0.91616
— R3 – 0.92040

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.90661
— S1 – 0.90130
— S2 – 0.89322
— S3 – 0.88791
— R1 – 0.91469
— R2 – 0.92000
— R3 – 0.92808

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.

2014.01.20 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 over the daily pivot point at the 1.64311 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64512 while the low of day has reached to 1.63944. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended higher over the course of the day.

Daily Pivot Point: 1.63958
— S1 – 1.63342
— S2 – 1.62465
— S3 – 1.61849
— R1 – 1.64835
— R2 – 1.65451
— R3 – 1.66328

Weekly Pivot Points: GBPUSD

Prices are currently trading higher than the weekly pivot point at time of writing after opening the trading week virtually at the weekly pivot.

Weekly Pivot Point: 1.64123
— S1 – 1.63177
— S2 – 1.62135
— S3 – 1.61189
— R1 – 1.65165
— R2 – 1.66111
— R3 – 1.67153

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.

2014.01.20 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 at the 104.14 price level and under the daily pivot point, according to data at 6:30 AM ET. The USDJPY high for the day has been 104.311 while the low of day has reached to 103.854. The pair earlier today opened the Asian trading session slightly below the daily pivot and trended lower initially with support being found at the S3 support area.

Daily Pivot Point: 104.313
— S1 – 104.159
— S2 – 104.033
— S3 – 103.879
— R1 – 104.439
— R2 – 104.593
— R3 – 104.719

Weekly Pivot Points: USDJPY

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

Weekly Pivot Point: 104.015
— S1 – 103.116
— S2 – 101.948
— S3 – 101.049
— R1 – 105.183
— R2 – 106.082
— R3 – 107.250

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.

2014.01.20 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 1.35454 price level and under the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.35609 while the low of day reached to 1.35070. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher to the main pivot area where resistance was found.

Daily Pivot Point: 1.35586
— S1 – 1.34969
— S2 – 1.34545
— S3 – 1.33928
— R1 – 1.36010
— R2 – 1.36627
— R3 – 1.37051

Weekly Pivot Points: EURUSD

Prices are currently trading under the weekly pivot point to start the week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.35847
— S1 – 1.34708
— S2 – 1.34023
— S3 – 1.32884
— R1 – 1.36532
— R2 – 1.37671
— R3 – 1.38356

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.

By CountingPips.com

Large Speculator bullish bets advanced to $22.66 billion on January 14th

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large futures traders and speculators increased their overall bullish position of the US dollar for a second straight week and to the highest level since July.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $22.66 billion as of Tuesday January 14th, according to data from Reuters. This was a weekly change of +$1.55 billion from the total $21.11 billion bullish position that was registered on January 7th, 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 January 14th marked the highest level since July 30th when net US dollar bullish bets equaled $24.45 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 advances for the Japanese yen, Australian dollar and the New Zealand dollar while there were weekly declines for the euro, British pound sterling, Swiss franc, Canadian 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 Apps & News

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large futures market traders sharply decreased their overall bearish positions in the 10-year treasury note futures last week to the lowest level since October, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -50,790 contracts in the data reported for January 14th. This was a change of +77,255 contracts from the previous week’s total of -128,045 net contracts that was recorded on January 7th. The -50,790 contract level is the lowest bearish standing since October 1st when the net contracts totaled -28,536.

Over the same reporting time-frame, from Tuesday January 7th to Tuesday January 14th, the yield on the 10-Year treasury note fell from 2.96 to a yield of 2.88, 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 Apps

By CountingPips.com

Weekly CFTC Net Speculator Report

VIX Futures Contracts: Large traders and speculators added their total net bearish positions in the VIX futures market for the third straight week and increased bets to their most bearish level in six weeks, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday. The VIX non-commercial contracts, traded by large speculators and hedge funds, totaled a net position of -71,496 contracts in the data reported for January 14th. This was a change of -24,024 contracts from the previous week’s total of -47,472 net contracts on January 7th. Speculators have raised bearish positions now for three straight weeks and net contracts are at the most bearish level since December 10th when net contracts stood at -73,332.

The VIX index, meanwhile, decreased from 12.92 on Tuesday January 7th to 12.28 on Tuesday January 14th, 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 Apps & Analysis

Specialty chemicals maker Freedom Industries filed for Chapter 11 bankruptcy protection eight days after a leak from one of its storage tanks contaminated drinking water for hundreds of thousands of West Virginia residents. A chemical used to process coal spilled into the Elk River in Charleston, prompting the state’s governor to declare a state of emergency in nine counties and ban the use of drinking water for more than 300,000 people in the region. More than 200 people have visited hospital emergency rooms, complaining of nausea. As a result of the January 9 leak, vendors have demanded that Freedom pay in cash, draining the company of finances and prompting it to seek bankruptcy protection, according to documents filed in the U.S. Bankruptcy Court in Charleston, West Virginia.