Month: April 2014

2014.04.15 12:30 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 just over the daily pivot point and at the 101.773 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 101.982 while the low of day has been reached at 101.676. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower towards the pivot so far today.

Daily Pivot Point: 101.748
— S1 – 101.495
— S2 – 101.155
— S3 – 100.902
— R1 – 102.088
— R2 – 102.341
— R3 – 102.681

Weekly Pivot Points: USDJPY

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

Weekly Pivot Point: 102.102
— S1 – 100.823
— S2 – 100.038
— S3 – 98.759
— R1 – 102.887
— R2 – 104.166
— R3 – 104.951

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.

2014.04.15 12:30 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 at the 0.88103 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88149 while the low of day has reached to 0.87953. The pair earlier today opened the Asian trading session modestly above the daily pivot and has trended higher to the R1 resistance level above the 0.8800 level.

Daily Pivot Point: 0.87880
— S1 – 0.87711
— S2 – 0.87466
— S3 – 0.87297
— R1 – 0.88125
— R2 – 0.88294
— R3 – 0.88539

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.88077
— S1 – 0.86905
— S2 – 0.86253
— S3 – 0.85081
— R1 – 0.88729
— R2 – 0.89901
— R3 – 0.90553

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.

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The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators decreased their overall US dollar bullish bets slightly last week.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $3.09 billion as of Tuesday April 8th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of -$0.17 billion from the $3.26 billion total bullish position that was registered on April 1st, according to 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.

Notable changes:

Euro large speculator positions fell last week for a third straight week to a net total of +23,300 contracts and the lowest level since March 4th. A combination of low inflation rates and a high exchange rate has prompted the European Central Bank to discuss potential quantitative easing policies in the euro zone which could likely be a drag on the Euro going forward.

The British pound sterling positions rose for a fourth straight week to a total of +46,477 positions and brought total bullish positions to their highest level since 2011.

The largest move for the week was a gain for the Mexican peso by +34,717 net contracts that brought overall positions in the MXN to their highest level since May 2013.

Individual Currencies – Large Speculator Weekly changes:

The non-commercial net positions for each of the individual currencies directly against the US dollar showed weekly gains for the British pound sterling, Japanese yen, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso while there were weekly declines for the euro and the Swiss franc. See charts & data below.

* All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro. Please see charts and data below.

Charts: Large Speculators Weekly Positions vs Currency 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.

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Weekly CFTC Net Speculator Report

Large Speculators bearish positions jump to a total of -155,174 contracts

10 Year Treasuries: Large futures market traders sharply increased their overall bearish bets in the 10-year treasury note futures last week to their highest level of 2014, 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, primarily traded by large speculators and hedge funds, totaled a net position of -155,174 contracts in the data reported for April 8th. This was a change of -86,398 contracts from the previous week’s total of -68,776 net contracts that was recorded on April 1st.

The overall bearish standing in the 10-year note futures contracts represents the highest level since December 31st when positions equaled -173,674 net contracts. The previous highest bearish position level of 2014 was registered on February 4th with a total of -135,301 contracts which coincided with a 10-year yield of 2.64%.

Over the weekly reporting time-frame, from Tuesday April 1st to Tuesday April 8th, the yield on the 10-Year treasury note fell from 2.77 to a yield of 2.69, 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).

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Weekly CFTC Net Speculator Report

VIX Futures Contracts: Large traders and speculators raised overall bearish bets in the VIX futures market last week to their highest level since February, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday.

The VIX non-commercial futures contracts, comprising of large speculator and hedge fund positions, totaled a net bearish position of -31,746 contracts in the data reported for April 8th. This was a change of -1,173 contracts from the previous week’s total of -30,573  net contracts that was registered on April 1st.

Large speculators positions are now at the highest level since February 11th when overall positions stood at a level of -41,108 contracts.

The VIX index, meanwhile, increased last week after three down weeks from a 13.10 reading on Tuesday April 1st to a 14.89 reading on Tuesday April 8th, 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).

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Weekly CFTC Net Speculator Report

CRUDE OIL: Large futures market traders increased their overall bullish bets in crude oil futures for a third straight week and to the highest level since March 11th last week, 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 crude oil futures, primarily traded by large speculators and hedge funds, totaled a net position of +399,787 contracts in the data reported for April 8th. This was a change of +8,004 contracts for the week. The previous week had registered a total of +391,783 net contracts in the data through April 1st.

Crude oil positions are now at the highest level since March 11th when total net positions equaled +406,832 contracts.

Over the weekly reporting time-frame, from Tuesday April 1st to Tuesday April 8th, the crude oil price modestly rose from $99.61 to $102.33 per barrel, according to Nymex futures price data from investing.com. Brent crude prices advanced from $105.26 to $107.56 per barrel from Tuesday April 1st to Tuesday April 8th, also according to prices from investing.com.

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).

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Weekly CFTC Net Speculator Report

GOLD: Large futures market speculators cut back on their overall bullish bets in gold futures last week for a third straight week last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. Despite the decline in speculator positions, the gold price managed to rebound back over the $1,300 per ounce level in trading last week.

The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +88,599 contracts in the data reported through April 8th. This was a change of -11,546 contracts from the previous week’s total of +100,145 net contracts on April 1st.

Gold large speculator net positions have fallen for three consecutive weeks after reaching a 13-month high level on March 18th with a total bullish position of +136,814 contracts.

Over the weekly reporting time-frame, from Tuesday April 1st to Tuesday April 8th, the gold price rose from approximately $1,279.60 to $1,310.10 per ounce, according to gold futures price data from investing.com.

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).

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2014.04.10 12:30 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 over the daily pivot point this morning at the 1.38626 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.38702 while the low of day has touched 1.38351. The pair earlier today opened the Asian trading session above the daily pivot and has trended slightly higher.

Daily Pivot Point: 1.38315
— S1 – 1.38018
— S2 – 1.37494
— S3 – 1.37197
— R1 – 1.38839
— R2 – 1.39136
— R3 – 1.39660

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point and close to the R2 resistance level at time of writing. The EURUSD has been on an overall bullish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.37307
— S1 – 1.36419
— S2 – 1.35830
— S3 – 1.34942
— R1 – 1.37896
— R2 – 1.38784
— R3 – 1.39373

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.

2014.04.10 12:30 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 under the daily pivot point this morning at the 1.67722 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.68192 while the low of day has declined to 1.67650. The pair earlier today opened the Asian trading session slightly below the daily pivot, met resistance at the pivot area and has trended lower so far today.

Daily Pivot Point: 1.67713
— S1 – 1.67431
— S2 – 1.66947
— S3 – 1.66665
— R1 – 1.68197
— R2 – 1.68479
— R3 – 1.68963

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point and between the R3 and R2 resistance levels at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.65997
— S1 – 1.65166
— S2 – 1.64650
— S3 – 1.63819
— R1 – 1.66513
— R2 – 1.67344
— R3 – 1.67860

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.

2014.04.09 12:30 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 under the daily pivot point at the 102.097 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.149 while the low of day has fallen to 101.758. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day although finding resistance at the daily pivot point.

Daily Pivot Point: 102.148
— S1 – 101.189
— S2 – 100.580
— S3 – 99.621
— R1 – 102.757
— R2 – 103.716
— R3 – 104.325

Weekly Pivot Points: USDJPY

Prices are currently trading sharply under the weekly pivot point and just above the S2 support level at time of writing. The USDJPY has been on an overall bearish trend this week after opening the trading week slightly below the weekly pivot.

Weekly Pivot Point: 103.383
— S1 – 102.649
— S2 – 102.048
— S3 – 101.314
— R1 – 103.984
— R2 – 104.718
— R3 – 105.319

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.