Month: April 2014

2014.04.09 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 at the 1.67321 price level and over the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.67519 while the low of day has been reached at 1.67229. The pair earlier today opened the Asian trading session well above the daily pivot and has trended lower today with resistance being found at the 1.6750 level.

Daily Pivot Point: 1.67005
— S1 – 1.66477
— S2 – 1.65496
— S3 – 1.64968
— R1 – 1.67986
— R2 – 1.68514
— R3 – 1.69495

Weekly Pivot Points: GBPUSD

Prices are currently trading sharply over the weekly pivot point and just below the R2 resistance level at time of writing. The GBPUSD has been on an overall strong 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 | 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 under the daily pivot point at the 0.88425 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88450 while the low of day has reached to 0.88265. The pair earlier today opened the Asian trading session below the daily pivot and has trended slightly higher today with resistance being seen at the pivot point.

Daily Pivot Point: 0.88449
— S1 – 0.88113
— S2 – 0.87914
— S3 – 0.87578
— R1 – 0.88648
— R2 – 0.88984
— R3 – 0.89183

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.88932
— S1 – 0.88347
— S2 – 0.87549
— S3 – 0.86964
— R1 – 0.89730
— R2 – 0.90315
— R3 – 0.91113

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

Weekly CFTC Net Speculator Report

GOLD: Large futures market traders decreased their overall bullish bets in gold futures last week for a second consecutive week after bullish bets peaked on March 18th, 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of 100,145 contracts in the data reported through April 1st. This was a change of -17,172 contracts from the previous week’s total of 117,317 net contracts on March 25th.

Gold large speculator net positions have now declined for two 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 March 25th to Tuesday April 1st, the gold price fell from approximately $1,311.00 to $1,279.60 per ounce, according to gold futures price data from the MarketWatch.

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

CRUDE OIL: Large futures market traders edged up their overall bullish bets in crude oil futures last week for a second straight 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 391,783 contracts in the data reported for April 1st. This was a change of just +609 contracts for the week. The previous week had registered a total of 391,174 net contracts in the data through March 25th.

Over the weekly reporting time-frame, from Tuesday March 25th to Tuesday April 1st, the crude oil price modestly increased from $99.19 to $99.61 per barrel, according to Nymex futures crude oil price data from investing.com. Brent crude prices declined from $106.92 to $105.26 per barrel from Tuesday March 25th to Tuesday April 1st, 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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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 raised their overall US dollar bullish bets last week for the first time in eight weeks.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $3.26 billion as of Tuesday April 1st, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of +$2.02 billion from the $1.24 billion total bullish position that was registered on March 25th, 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.

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, Australian dollar, New Zealand dollar and the Mexican peso while there were weekly declines for the euro, Japanese yen, Swiss franc and the Canadian dollar. See charts & data below.

Notable changes:

Euro large speculator positions fell last week for a second straight week to a net total of +33,238 contracts after rising to approximately a 5-month high of +52,991 contracts on March 18th. The data showed that long euro positions fell by -5,065 contracts while short positions rose by +1,331 contracts for a net change of -6,396 for euro contracts on the week.

Large moves for the week were registered in the Japanese yen positions which saw a weekly increase in bearish positions (-19,751) while there were notable weekly increases for the Australian dollar positions (+15,647) and the Mexican peso positions (+23,438).

* 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 increase to a total of -68,776 contracts

10 Year Treasuries: Large futures market traders raised their overall bearish bets in the 10-year treasury note futures last week for a second consecutive week and to their highest level in the past three weeks, 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 -68,776 contracts in the data reported for April 1st. This was a change of -7,011 contracts from the previous week’s total of -61,765 net contracts that was recorded on March 25th.

Over the weekly reporting time-frame, from Tuesday March 25th to Tuesday April 1st, the yield on the 10-Year treasury note rose for a second straight week and from 2.75 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).

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2014.04.03 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 over the daily pivot point at the 103.955 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 104.062 while the low of day has declined to 103.802. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended modestly higher over the course of the day with resistance being seen at the R1 resistance area around 104.00 major level.

Daily Pivot Point: 103.789
— S1 – 103.653
— S2 – 103.440
— S3 – 103.304
— R1 – 104.002
— R2 – 104.138
— R3 – 104.351

Weekly Pivot Points: USDJPY

Prices are currently trading sharply over the weekly pivot point and above the R2 resistance level at time of writing. The USDJPY has been on a strong bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 102.497
— S1 – 102.026
— S2 – 101.240
— S3 – 100.769
— R1 – 103.283
— R2 – 103.754
— R3 – 104.540

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.

2014.04.03 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 under the daily pivot point at the 1.37648 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37712 while the low of day has fallen to 1.37540. The pair earlier today opened the Asian trading session below the daily pivot and has trended sideways so far into the US morning session.

Daily Pivot Point: 1.37793
— S1 – 1.37389
— S2 – 1.37120
— S3 – 1.36716
— R1 – 1.38062
— R2 – 1.38466
— R3 – 1.38735

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 and finding resistance at the monthly pivot point at 1.3813 (MP).

Weekly Pivot Point: 1.37766
— S1 – 1.36780
— S2 – 1.36054
— S3 – 1.35068
— R1 – 1.38492
— R2 – 1.39478
— R3 – 1.40204

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

Weekly CFTC Net Speculator Report

CRUDE OIL: Large futures market traders added to their overall bullish bets in crude oil futures last week following two straight weeks of decline, 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 391,174 contracts in the data reported for March 25th. This was a change of +6,889 contracts from the previous week’s total of 384,285 net contracts that was recorded on March 18th.

Net large speculator positions on March 4th had reached their highest level in at least a year with a total bullish net position of 425,818 contracts before retreating the next few weeks.

Over the weekly reporting time-frame, from Tuesday March 18th to Tuesday March 25th, the crude oil price rose slightly from approximately $98.88 to $99.19 per ounce, according to Nymex crude oil price data from the MarketWatch.

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