Author: FX_Trdr

2013.11.05 13:00 6:00AM 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 below the daily pivot point this morning at the 98.254 price level, according to data at 6:00 AM ET. The pair opened the Asian trading session earlier today virtually on top of the daily pivot and has trended lower over the course of the day to between S2 and S3 support levels.

Daily Pivot Point: 98.652
— S1 – 98.470
— S2 – 98.345
— S3 – 98.163
— R1 – 98.777
— R2 – 98.959
— R3 – 99.084

Weekly Pivot Points: USDJPY

Prices are currently trading under the weekly pivot point at time of writing. The USDJPY has been on a bearish pace in the early parts of this week after opening the trading week above the weekly and monthly pivots.

Weekly Pivot Point: 98.317
— S1 – 97.795
— S2 – 96.914
— S3 – 96.392
— R1 – 99.198
— R2 – 99.720
— R3 – 100.601

Monthly Pivot Point: 97.973
— S1 – 96.949
— S2 – 95.545
— S3 – 94.521
— R1 – 99.377
— R2 – 100.401
— R3 – 101.805

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.

2013.11.04 13:00 6:00AM 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 1.3505 price level, according to data at 6:00 AM ET. The pair opened the Asian trading session earlier today below the daily pivot and has traded slightly higher from the beginning of the day.

Daily Pivot Point: 1.35180
— S1 – 1.34472
— S2 – 1.34085
— S3 – 1.33377
— R1 – 1.35567
— R2 – 1.36275
— R3 – 1.36662

Weekly Pivot Points: EURUSD

Prices are currently trading under the weekly pivot point at time of writing after opening the trading week below both the weekly and monthly pivot point levels.

Weekly Pivot Point: 1.35941
— S1 – 1.33711
— S2 – 1.32565
— S3 – 1.30335
— R1 – 1.37087
— R2 – 1.39317
— R3 – 1.40463

Monthly Pivot Point: 1.36305
— S1 – 1.34295
— S2 – 1.32711
— S3 – 1.30701
— R1 – 1.37889
— R2 – 1.39899
— R3 – 1.41483

By CountingPips.com – Forex Trading 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.

2013.11.04 13:00 6:00AM 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 above the daily pivot point at the 98.691 price level, according to data at 6:00 AM ET. The pair opened the Asian trading session earlier today higher than the daily pivot and has trended slightly lower over the course of the day.

Daily Pivot Point: 98.438
— S1 – 98.038
— S2 – 97.399
— S3 – 96.999
— R1 – 99.077
— R2 – 99.477
— R3 – 100.116

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point at time of writing after opening the trading week above both the weekly and monthly pivot point levels.

Weekly Pivot Point: 98.317
— S1 – 97.795
— S2 – 96.914
— S3 – 96.392
— R1 – 99.198
— R2 – 99.720
— R3 – 100.601

Monthly Pivot Point: 97.973
— S1 – 96.949
— S2 – 95.545
— S3 – 94.521
— R1 – 99.377
— R2 – 100.401
— R3 – 101.805

By CountingPips.com – Forex 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.

2013.11.04 13:00 6:00AM 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 over the daily pivot point at the 0.91187 price level, according to data at 6:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has traded mostly sideways so far on this Monday Nov 4th.

Daily Pivot Point: 0.91073
— S1 – 0.90778
— S2 – 0.90352
— S3 – 0.90057
— R1 – 0.91499
— R2 – 0.91794
— R3 – 0.92220

Weekly Pivot Points: USDCHF

Prices are currently trading above the weekly pivot point at time of writing after opening the trading week higher than both the weekly and monthly pivot point lines.

Weekly Pivot Point: 0.90591
— S1 – 0.89814
— S2 – 0.88424
— S3 – 0.87647
— R1 – 0.91981
— R2 – 0.92758
— R3 – 0.94148

Monthly Pivot Point: 0.90441
— S1 – 0.89112
— S2 – 0.87563
— S3 – 0.86234
— R1 – 0.91990
— R2 – 0.93319
— R3 – 0.94868

By CountingPips.com – Currency Trading Apps & Forex News

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.

2013.11.04 13:00 6:00AM 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 right at the daily pivot point at the 1.59597 price level, according to data at 6:00 AM ET. The pair opened the Asian trading session earlier today lower than the daily pivot and has trended higher on Monday Nov 4th.

Daily Pivot Point: 1.59589
— S1 – 1.58724
— S2 – 1.58211
— S3 – 1.57346
— R1 – 1.60102
— R2 – 1.60967
— R3 – 1.61480

Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point at the beginning of the trading week after opening the trading week below both the weekly and monthly pivot lines.

Weekly Pivot Point: 1.60129
— S1 – 1.58184
— S2 – 1.57132
— S3 – 1.55187
— R1 – 1.61181
— R2 – 1.63126
— R3 – 1.64178

Monthly Pivot Point: 1.60640
— S1 – 1.58688
— S2 – 1.56977
— S3 – 1.55025
— R1 – 1.62351
— R2 – 1.64303
— R3 – 1.66014

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.

Financial daily Il Sole 24 Ore reported on Sunday, that Air France-KLM has set tough conditions, including 5,000 job cuts, for investing more money in loss-making Italian airline Alitalia.In an unsourced report, the Italian newspaper said Air France-KLM, which is Alitalia’s biggest shareholder with a 25 percent stake, had dictated its conditions to Italian Transport Minister Maurizio Lupi “around ten days ago”. Air France-KLM’s conditions, it said, included the removal of Alitalia’s board of directors and a restructuring of its debts of nearly 1 billion euros ($1.35 billion) to reduce them by 70 to 80 percent.

By CountingPips.com

The latest data for the weekly Commitments of Traders (COT) report was released on Friday by the Commodity Futures Trading Commission (CFTC) and showed that large futures speculators turned bearish on the US dollar on October 8th and then registered three straight weeks of bearish positions through October 22nd.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling $-3.64 billion as of Tuesday October 22nd. This was a weekly change of $-2.4 billion from the total position of $-1.24 billion that was registered on October 15th, according to data from Reuters that calculates this amount by the total of US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

US dollar positions, on October 22nd, were at a new lowest level since February 5th when US dollar bets were short at a total of $-9.15 billion.

This latest batch of data, three weeks worth for October 8th, 15th & 22nd, is a catch up for the missed releases during the government shutdown and does not cover last week’s positions.

Individual Currencies Large Speculators Positions in Futures:

The large non-commercial net positions for each of the individual major currencies directly against the US dollar on October 22nd showed weekly increases for the euro, British pound sterling, Swiss franc, Canadian dollar, Australian dollar and the New Zealand dollar while there were declines for the Japanese yen and the Mexican peso.

Individual Currency Charts:

EuroFX:

Last Six Weeks of Large Trader Positions: EuroFX

British Pound Sterling:

Last Six Weeks of Large Trader Positions: Pound Sterling

Japanese Yen:

Last Six Weeks of Large Trader Positions: Yen

Swiss Franc:

Last Six Weeks of Large Trader Positions: Franc

Canadian Dollar:

Last Six Weeks of Large Trader Positions: CAD

Australian Dollar:

Last Six Weeks of Large Trader Positions: AUD

New Zealand Dollar:

Last Six Weeks of Large Trader Positions: NZD

Mexican Peso:

Last Six Weeks of Large Trader Positions: MXN

*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.

Article by CountingPips.com – Currency Trading News

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators added to their overall bearish positions for a third straight week on October 22nd in the 10-year treasury note futures. The 10-year treasury non-commercial contracts totaled a net position of -142,550 contracts in the data reported for October 22nd, according to the Commodity Futures Trading Commission (CFTC). This was a change of -42,762 contracts from the previous week’s total of -99,788 net contracts that was registered on October 15th.

In the same time-frame, the yield on the 10 Year treasury note declined from 2.75 on Tuesday October 15th to 2.54 on Tuesday October 22nd, according to US Treasury data.

*The COT data was not published by the CFTC for close to a month due to the partial government shutdown and the latest data is up to October 22nd.

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 Trading News & Analysis

By CountingPips.com

Weekly CFTC Net Speculator Report

VIX: Large traders and speculators decreased their bearish positions for a third straight week on October 22nd in the futures trading market. The VIX non-commercial contracts totaled a net position of -43,297 contracts in the data reported for October 22nd, according to the Commodity Futures Trading Commission (CFTC). This was a change of +20,317 contracts from the previous week’s total of -63,614 net contracts that was registered on October 15th.

In the same time-frame, the VIX index score decreased from 18.66 on Tuesday October 15th to 13.33 on Tuesday October 22nd, according to the Chicago Board Options Exchange (CBOE) Volatility Index.

*The COT data was not published by the CFTC for close to a month due to the partial government shutdown and the latest data is up to October 22nd.

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 News

This is a very busy week for the Forex market with many important economic events on the schedule. We will see interest rate decisions out of the Euro zone, the United Kingdom and Australia while there is important government employment data from the United States, Canada, Australia, Switzerland and New Zealand. Here’s a quick rundown of the economic highlights.

• Monday has the Australian retail sales data on the schedule as well as PMI data from Germany and the United Kingdom.

• Tuesday‘s economic releases include the Australian interest rate decision (market expectations of a rate hold), ISM nonmanufacturing data from the United States and employment data from New Zealand.

• Wednesday will see Eurozone retail sales data, Canadian building permits, factory orders and PMI data from Germany as well as the leading indicators from US.

• Thursday is a very busy day with major releases including the Australian employment change, interest rate decisions from the United Kingdom and the euro zone as well as GDP and personal consumption expenditure data from the United States.

• Friday will see the United States non-farm payrolls employment report as well as the Canadian employment change data for October.

Please see the week’s highlighted economic events below or our full calendar:

This Week’s Economic Highlights:

See our full economic calendar here.