Month: March 2014

By CountingPips.com

Weekly CFTC Net Speculator Report

Large Speculators bearish positions rose for a second straight week

10 Year Treasuries: Large futures market traders raised their overall bearish bets in the 10-year treasury note futures last week for a second week in a row, 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 -118,210 contracts in the data reported for March 11th. This was a change of -16,840 contracts from the previous week’s total of -101,370 net contracts that was registered on March 4th.

Bearish positions of the 10-year note are now at the highest level since February 11th when contracts were at -142,533 positions.

Over the same reporting time-frame, from Tuesday March 4th to Tuesday March 11th, the yield on the 10-Year treasury note rose from 2.70 to a yield of 2.77, 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 reduced their bearish bets in the VIX futures market last week to the lowest bearish position this year, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday.

The VIX non-commercial futures contracts, usually comprising of large speculator and hedge fund positions, totaled a net bearish position of -6,854 contracts in the data reported for March 11th. This was a change of +13,592 contracts from the previous week’s total of -20,446 net contracts that was registered on March 4th.

The VIX index, meanwhile, edged up slightly higher from a 14.10 reading on Tuesday March 4th to a 14.80 reading on Tuesday March 11th, 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

2014.03.14 13:30 7:30AM 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 1.66019 price level and under the daily pivot point, according to data at 7:30 AM ET. The GBPUSD high for the day has been 1.66277 while the low of day has reached to 1.65908. The pair earlier today opened the Asian trading session below the daily pivot and has trended lower over the course of the day.

Daily Pivot Point: 1.66487
— S1 – 1.65792
— S2 – 1.65361
— S3 – 1.64666
— R1 – 1.66918
— R2 – 1.67613
— R3 – 1.68044

Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point and below the S1 support level at time of writing. The GBPUSD has been on an overall bearish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.67114
— S1 – 1.66381
— S2 – 1.65658
— S3 – 1.64925
— R1 – 1.67837
— R2 – 1.68570
— R3 – 1.69293

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.

2014.03.14 13:30 7:30AM 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 1.38873 price level and just under the daily pivot point, according to data at 7:30 AM ET. The EURUSD high for the day has been 1.38944 while the low of day has reached to 1.38470. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher towards the daily pivot this morning.

Daily Pivot Point: 1.38941
— S1 – 1.38221
— S2 – 1.37729
— S3 – 1.37009
— R1 – 1.39433
— R2 – 1.40153
— R3 – 1.40645

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point at time of writing after ascending to the R1 level where resistance was found earlier this week. The EURUSD has been on an overall bullish to sideways trend on the week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.38317
— S1 – 1.37490
— S2 – 1.36238
— S3 – 1.35411
— R1 – 1.39569
— R2 – 1.40396
— R3 – 1.41648

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.

2014.03.14 13:30 7:30AM 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 101.415 price level and under the daily pivot point, according to data at 7:30 AM ET. The USDJPY high for the day has been 101.871 while the low of day has reached to 101.413. The pair earlier today opened the Asian trading session below the daily pivot and has continued to trend lower over the course of the day.

Daily Pivot Point: 102.082
— S1 – 101.311
— S2 – 100.761
— S3 – 99.990
— R1 – 102.632
— R2 – 103.403
— R3 – 103.953

Weekly Pivot Points: USDJPY

Prices are currently trading under the weekly pivot point and below the S1 support level at time of writing. The USDJPY has been on an overall bearish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 102.726
— S1 – 101.704
— S2 – 100.171
— S3 – 99.149
— R1 – 104.259
— R2 – 105.281
— R3 – 106.814

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.

What’s News: U.S. investigators suspect missing Malaysia Airlines Flight 370 stayed airborne for four hours after it dropped off radar. Amazon raises price for ‘Prime’ membership. GE files for IPO of its retail finance business. Joanne Po reports. Photo: Getty

Corporate lawyers have some distinct financial needs. Here are a few of them.

Today’s slam-dunk of monetary events will occur later today when the Reserve Bank of New Zealand, RBNZ, is expected to tighten its interest rate policy. It is the key event in a relatively quiet week for the Group of 10 economies. However, the biggest event risk may be that Governor Graeme Wheeler and his team does nothing at all. The RBNZ has held the Overnight Cash Rate at +2.5% for three years, and in that time, Kiwi monetary policy has become very expansionary. Business confidence is running at a two-decade high, while consumer confidence is humming along just under a decade high, construction is booming, and property prices are still rising.

In another sign that Europe’s economy is turning the corner, a leading ratings agency found Tuesday that the value of new stock market listings in 2013 recovered to match the 10-year average. Standard & Poor’s said 13 billion euros worth of new equity was floated last year and that the revival is set to continue this year, barring any economic or market shocks. The agency credited the advance on buoyant equity markets, pent-up demand from private equity owners and optimism over the European economy’s prospects. A risk-averse approach dominated sentiment across corporate boardrooms.

“Bed testing” sounds boring at first, but imagine getting to try out some of the fluffiest, coziest beds on earth…and get paid to do it! If you’re the type who’s constantly coming up with new tricks so that your boss won’t catch you sleeping, perhaps it’s time to switch to an industry in which such a talent would make you Employee Of The Year. You’ll give “sleeping your way to the top” new meaning! Be careful bringing work into your social life, though: telling ladies that you’re a “professional bed tester” might come off as terribly cheesy pickup line, and busting out a business card will only make it worse. If a woman asks, just tell her you’re a “reclining furniture consultant.” But if you do manage to convince her to come by and enjoy some of your favorite samples, she’ll likely never want to leave your bedroom. Yes, the laziest job on earth might just also be the comfiest.