Author: FX_Trdr

Lockheed Martin CEO Marillyn Hewson talks exclusively to WSJ at the Dubai Airshow about the challenges and opportunities facing the world’s largest defense contractor after her first year in charge. Photo: Reuters

Senator John Edwards is opening a new law firm with his eldest daughter Cate, shedding the low profile he has kept since standing trial last year on campaign finance fraud charges that arose from a failed 2008 White House bid. The firm, billed as a national plaintiffs’ practice with offices in Raleigh, North Carolina, and Washington, D.C.

Short-seller Jim Chanos said it is time for typical equity investors to be “a little more cautious” even as the stock market may continue to rise. Chanos said his fund Kynikos Associates is “very bearish on coal” and he is “pretty much short” all the U.S. leveraged coal companies.

2013.11.19 | EURUSD Market Analysis

EURUSD Trends & Fibonacci Retracement Levels

The EURUSD currency pair has been falling slightly in forex market trading today with the EURUSD registering a high of 1.35424 and a low of 1.34913 on the day. Trends data shows the pair is currently in a short-term uptrend as prices have crossed-over our favored short-term moving average of 21 periods. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in an uptrend with prices coming off of last week’s lows back to the 1.3500 level.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 58.2 pips
30-day current trend is BEARISH / Trend strength of -185.6 pips
60-day current trend is BULLISH / Trend strength of 342.7 pips
90-day current trend is BULLISH / Trend strength of 453.9 pips
180-day current trend is BULLISH / Trend strength of 736.3 pips

Fibonacci Retracement Levels over last 100 Days

— 0.000 – 1.38317
— 0.236 – 1.35775
— 0.382 – 1.34202
— 0.500 – 1.32931
— 0.618 – 1.31660
— 0.764 – 1.30087
— 1.000 – 1.27545

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.

2013.11.19 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair. Price action is currently trading sharply under the daily pivot point at the 1.60680 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today slightly below the daily pivot and has traded lower over the course of the day to below the S1 support level at 1.60763.

Daily Pivot Point: 1.61119
— S1 – 1.60762
— S2 – 1.60449
— S3 – 1.60092
— R1 – 1.61432
— R2 – 1.61789
— R3 – 1.62102

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on a bearish path so far  this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.60339
— S1 – 1.59341
— S2 – 1.57534
— S3 – 1.56536
— R1 – 1.62146
— R2 – 1.63144
— R3 – 1.64951

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.

2013.11.19 13:30 6:30AM ET | USDCHF Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair. Price action is currently trading higher than the daily pivot point at the 0.91366 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today virtually at the same level as the daily pivot and has trended higher as the day has progressed.

Daily Pivot Point: 0.91276
— S1 – 0.90941
— S2 – 0.90612
— S3 – 0.90277
— R1 – 0.91605
— R2 – 0.91940
— R3 – 0.92269

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has been on a bearish pace this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 0.91662
— S1 – 0.91019
— S2 – 0.90580
— S3 – 0.89937
— R1 – 0.92101
— R2 – 0.92744
— R3 – 0.93183

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.

2013.11.19 13:30 6:30AM ET | USDJPY Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair. Price action is currently trading under  the daily pivot point at the 99.883 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today below the daily pivot, traded lower near 99.50 and now the bulls are  fighting back to bring the pair possibly towards the 100 level.

Daily Pivot Point: 100.046
— S1 – 99.710
— S2 – 99.446
— S3 – 99.110
— R1 – 100.310
— R2 – 100.646
— R3 – 100.910

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point at time of writing. The USDJPY has been on a bearish pace so far this week (falling below 100 major level) after opening the trading week above the weekly and monthly pivots.

Weekly Pivot Point: 99.833
— S1 – 99.241
— S2 – 98.323
— S3 – 97.731
— R1 – 100.751
— R2 – 101.343
— R3 – 102.261

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.

2013.11.19 13:30 6:30AM ET | EURUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair. Price action is currently trading under the daily pivot point at the 1.34978 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today slightly below the daily pivot and has traded lower over the course of the day with the pair finding resistance at the R1 level above.

Daily Pivot Point: 1.35066
— S1 – 1.34720
— S2 – 1.34393
— S3 – 1.34047
— R1 – 1.35393
— R2 – 1.35739
— R3 – 1.36066

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point and residing at the major 1.3500 level at time of writing. The EURUSD has been on a bullish pace this week after opening the trading week higher than the weekly pivot at 1.34479.

Weekly Pivot Point: 1.34479
— S1 – 1.33907
— S2 – 1.32871
— S3 – 1.32299
— R1 – 1.35515
— R2 – 1.36087
— R3 – 1.37123

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

Activist investor Carl Icahn said on Monday he is “very cautious” on the stock market, saying he could see a “big drop” because earnings at many companies are fueled more by low borrowing costs rather than the strength of management. Icahn, speaking at the Reuters Global Investment Outlook Summit, also hinted at his ongoing plan for Apple Inc, the most valuable U.S. stock by market value, saying that he does not want to fight with management at the iPhone giant but has no plans to walk away from his investment.

The grainy airport video is dark, short and chilling. Within five seconds, a dot of light that Russian authorities say is a Boeing 737 appears in the sky over the tarmac and plunges to the ground in a near-vertical crash. The result is a blinding fireball. The video shown Monday by Russian television stations of Sunday’s horrifying crash at Kazan airport that killed all 50 people onboard raises a host of questions which experts from the NTSB, Boeing and the FAA are heading to the scene to help Russian investigators find answers, after fire crews spent hours extinguishing the blaze.