Month: May 2014

2014.05.15 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 at the 101.894 price level and below the daily pivot point, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.108 while the low of day has reached to 101.653. The pair earlier today opened the Asian trading session below the daily pivot and has trended slightly higher overall so far today.

Daily Pivot Point: 101.953
— S1 – 101.634
— S2 – 101.391
— S3 – 101.072
— R1 – 102.196
— R2 – 102.515
— R3 – 102.758

Weekly Pivot Points: USDJPY

Prices are currently trading just over the weekly pivot point at time of writing. The USDJPY has been on an overall sideways trading path this week after opening the trading week virtually at the weekly pivot.

Weekly Pivot Point: 101.842
— S1 – 101.430
— S2 – 101.011
— S3 – 100.599
— R1 – 102.261
— R2 – 102.673
— R3 – 103.092

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.

2014.05.13 12:30 6:30AM ET | EURUSD Currency Pair

Here are the current 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 1.37510 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37708 while the low of day has reached to 1.37390. The pair earlier today opened the Asian trading session a touch below the daily pivot and trended mostly sideways before dropping to the lows of the day below 1.3740 today.

Daily Pivot Point: 1.37597
— S1 – 1.37453
— S2 – 1.37345
— S3 – 1.37201
— R1 – 1.37705
— R2 – 1.37849
— R3 – 1.37957

Weekly Pivot Points: EURUSD

On the weekly pivots, 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: 1.38313
— S1 – 1.36695
— S2 – 1.35829
— S3 – 1.34211
— R1 – 1.39179
— R2 – 1.40797
— R3 – 1.41663

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.

2014.05.13 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 1.68560 price level and under the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.68823 while the low of day has reached to 1.68402. The pair earlier today opened the Asian trading session slightly below the daily pivot and has trended modestly lower over the day.

Daily Pivot Point: 1.68700
— S1 – 1.68377
— S2 – 1.68091
— S3 – 1.67768
— R1 – 1.68986
— R2 – 1.69309
— R3 – 1.69595

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.68905
— S1 – 1.67858
— S2 – 1.67263
— S3 – 1.66216
— R1 – 1.69500
— R2 – 1.70547
— R3 – 1.71142

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.

2014.05.13 12:30 6:30AM ET | USDJPY Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading at the 102.264 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.357 while the low of day has been reached at 102.105. The pair earlier today opened the Asian trading session above the daily pivot and has trended higher to above the R1 resistance level into the North American morning session.

Daily Pivot Point: 102.023
— S1 – 101.873
— S2 – 101.641
— S3 – 101.491
— R1 – 102.255
— R2 – 102.405
— R3 – 102.637

Weekly Pivot Points: USDJPY

On the weekly pivots, prices are currently trading over the weekly pivot point and right at the weekly R1 resistance level at time of writing. The USDJPY has been on an overall bullish trend early this week after opening the trading week slightly above the weekly pivot.

Weekly Pivot Point: 101.842
— S1 – 101.430
— S2 – 101.011
— S3 – 100.599
— R1 – 102.261
— R2 – 102.673
— R3 – 103.092

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 added to their bearish bets of the US dollar last week and brought the overall USD position to the lowest level of the year.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling -$2.03 billion as of Tuesday May 6th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of -$1.344 billion from the -$0.686 billion total short position that was registered on April 29th, 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.

The USD position has now been on the bearish side for the past four weeks after having crossed over into bearish territory on April 15th. The current level is the most bearish level in the dollar since October 29th 2013 when the bearish position equaled -$3.15 billion.

For the week, speculators increased their bets in favor the euro, Japanese yen and the New Zealand dollar while there were weekly declines for the Canadian dollar, British pound sterling, Swiss franc, Australian dollar and the Mexican peso.

Notable changes:

• Euro positions rose to the highest level since April 1st although the data was recorded before the ECB rate decision on Thursday – where the ECB hinted at possible easing policy in June

• Japanese Yen net positions fell to the lowest bearish level of 2014 (lowest level since October 15, 2013)

• Australian dollar net positions fell for a 2nd week following a streak of 7 straight weekly increases & remain on bullish side for 5th week

• British pound sterling positions declined for a 3rd week

* 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.

Weekly 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 net bearish positions rise to a total of -129,409 contracts

10 Year Treasuries: Large futures market traders and speculators added to their overall bearish bets in the 10-year treasury note futures last week following two weeks of declining bearish bets, 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 -129,409 contracts in the data reported for May 6th. This was a change of -14,984 contracts from the previous week’s total of -114,425 net contracts that was recorded on April 29th.

The 10-Year Note non-commercial net bearish positions had declined for two consecutive weeks and to the lowest level since April 1st before last week’s rise in bearish positions.

Over the weekly reporting time-frame, from Tuesday April 29th to Tuesday May 6th, the yield on the 10-Year treasury note decreased from 2.71 to a yield of 2.61, 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 VIX Report

VIX Futures Contracts: Large traders and speculators raised their overall bearish bets in the VIX futures market last week for a second straight week and for the sixth time out of the last seven weeks, 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 -63,466 contracts in the data reported for May 6th. This was a change of -17,980 contracts from the previous week’s total of -45,486 net contracts that was registered on April 29th.

The second straight increase in bearish positions brings overall net contracts to the highest bearish level since January 28th when net positions stood at a level of -65,504 contracts.

Meanwhile, the VIX index over the same reporting time-frame last week edged higher for a 2nd week from a 13.71 reading on Tuesday April 29th to a 13.80 reading on Tuesday May 6th, 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 Crude Oil Report

CRUDE OIL: Large futures market traders and speculators cut their overall bullish bets in crude oil futures last week for a second straight week and to the lowest level since February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial contracts of crude oil futures, primarily traded by large speculators and hedge funds, declined to a total net position of +383,093 contracts in the data reported for May 6th. This was a change of -19,234 contracts from the previous week’s total of +402,327 net contracts for the data reported through April 29th.

Last week’s decline was the second straight weekly retreat in bullish positions and brought the overall bullish standing to the lowest level since February 11th when net positions totaled +382,334 contracts.

Over the same weekly reporting time-frame, from Tuesday April 29th to Tuesday May 6th, the crude oil price fell from $100.58 to $99.81 per barrel, according to Nymex futures price data from investing.com. Brent crude prices, meanwhile, also showed a decline from $108.86 to $107.12 per barrel from Tuesday April 29th to Tuesday May 6th, 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 Gold Report

GOLD: Large futures market traders and speculators raised bullish bets in the gold futures market last week for a third consecutive week and to the highest level in over a month, 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 +97,956 contracts in the data reported through May 6th. This was a change of +12,729 contracts from the previous week’s total of +85,227 net contracts on April 29th.

The gold non-commercial net positions rose by the highest weekly amount since March 18th last week and the overall net speculator positions are at the highest weekly standing since April 1st when net positions equaled +100,145 contracts.

Over the weekly reporting time-frame, from Tuesday April 29th to Tuesday May 6th, the gold price climbed from $1,296.20 to $1,307.60 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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2014.05.08 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 right at the daily pivot point at the 1.69581 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.69666 while the low of day has reached to 1.69425. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher to the daily pivot area into the North American morning session.

Daily Pivot Point: 1.69621
— S1 – 1.69390
— S2 – 1.69272
— S3 – 1.69041
— R1 – 1.69739
— R2 – 1.69970
— R3 – 1.70088

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point and between the R1 and R2 resistance levels at time of writing. The GBPUSD has been on an overall bullish trend this week after opening the trading week modestly above the weekly pivot.

Weekly Pivot Point: 1.68535
— S1 – 1.67890
— S2 – 1.67118
— S3 – 1.66473
— R1 – 1.69307
— R2 – 1.69952
— R3 – 1.70724

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.