Author: FX_Trdr

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large trader and futures market speculators decreased their overall bearish positions last week in the 10-year treasury notes after adding to bearish positions the previous week. The 10-year treasury non-commercial contracts totaled a net position of -89,107 contracts in the data reported for September 24th. This was a change of +36,919 contracts from the previous week’s total of -126,026 net contracts that was registered on September 17th.

In the same time-frame, the yield on the 10 Year treasury note declined from 2.86 on Tuesday September 17th to 2.67 on Tuesday September 24th, according to US Treasury data.

Last 6 Weeks of Large Trader Positions

*COT explanation: The weekly cot 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).

Article by CountingPips.com – Currency Trading News

The Senate has approved a bill to avert a government shutdown in a few days, now the focus turns to the House. This time, President Barack Obama says, he’s not budging. (Sept. 27)

President Barack Obama appealed to House Republicans not to trigger a government shutdown and debt crisis because he refuses to give in on defunding his health plan. Obama urged the GOP to consider who will be hurt if a partial shutdown occurs. (Sept. 27)

Greece’s plan to return Eurobank to private ownership will see the country’s fourth largest bank issue more than $1.35 billion of new stock to private investors, boosting its capital ratio. Eurobank was the only one of Greece’s four systemically important banks to have its summer 2013 recapitalization needs met solely by the Hellenic Financial Stability Fund.

Dell is the latest company to benefit from the red-hot U.S. leveraged loan market as strong investor demand allowed the computer giant to cut funding costs on the $10.6 billion financing package backing its $25 billion buyout. Although the multibillion loan and bond financing was essentially a difficult turnaround story as CEO Michael Dell and private equity firm Silver Lake Partners took the firm private, the books were strong for the loans and bonds.

Struggling department store operator J.C. Penney expects to raise up to $932 million from a share sale, leaving it with about $2.2 billion in cash at the end of the year. J.C. Penney, whose shares have been hit by concerns that it does not have enough cash to fund its operations going into the holiday season, said it would sell 84 million shares in a public offering at $9.65 per share. Penney’s shares were down 7 percent at $9.69 before the bell. The share sale would increase Penney’s shares outstanding by 38 percent.

With time running out to avoid a partial gov’t shutdown, the Senate continues work on its spending bill, while House Republicans say they won’t pass it if it doesn’t defund ‘Obamacare.’ Meanwhile, a debt ceiling deadline looms close behind. (Sept. 26)

2013.09.26 – New York Close – End of US Session

EURUSD Currency Pair Levels & Trend Strength Data

The euro declined against the US dollar today as the pair closed below the major 1.3500 exchange rate. The trend for the euro against the dollar is bullish although the 10 day short-term trend is showing signs of a top and losing steam as the pair consolidates near the 1.3500 level. The pair is also starting to trade under our 21 day moving average further the signaling the uptrend may be ready to take a breather.

Current Market Price: 1.34876

Today’s Pivot Point Levels:

Daily Pivot Point: 1.35077
Weekly Pivot Point: 1.34710
Monthly Pivot Point: 1.32810

Linear Regression Indicator Trend Strength Data:

10-day current trend is BULLISH / Trend strength of 256.8 pips
30-day current trend is BULLISH / Trend strength of 159.1 pips
60-day current trend is BULLISH / Trend strength of 417.2 pips
90-day current trend is BULLISH / Trend strength of 378.9 pips
180-day current trend is BULLISH / Trend strength of 101.7 pips
365-day current trend is BULLISH / Trend strength of 815.1 pips

GBPUSD Currency Pair Levels & Trend Strength Data

The British pound sterling today fell against the US dollar although the GBPUSD currency pair continues to find buying support around the 1.6000 level. The GBPUSD remains in consolidation mode following last week’s sharp bullish action. The pair’s trend is strongly bullish although the 10 day short-term trend is evening out due to prices consolidating this week. Look for the 1.6000 level to continue to play a major role either as support or resistance going forward.

Current Market Price: 1.60391

Today’s Pivot Point Levels:

Daily Pivot Point: 1.60483
Weekly Pivot Point: 1.60162
Monthly Pivot Point: 1.54355

Linear Regression Indicator Trend Strength Data:

10-day current trend is BULLISH / Trend strength of 245.6 pips
30-day current trend is BULLISH / Trend strength of 572.9 pips
60-day current trend is BULLISH / Trend strength of 1009.0 pips
90-day current trend is BULLISH / Trend strength of 631.4 pips
180-day current trend is BULLISH / Trend strength of 211.6 pips
365-day current trend is BEARISH / Trend strength of -538.2 pips

USDJPY Currency Pair Levels & Trend Strength Data

The dollar rose against the Japanese yen today to buck the trend of four consecutive losing days. The USD JPY trades currently at the 99.00 level and looks to build a base of support for higher levels. The 10 day short-term trend is slightly bearish to neutral.

Current Market Price: 99.012

Today’s Pivot Point Levels:

Daily Pivot Point: 98.534
Weekly Pivot Point: 98.900
Monthly Pivot Point: 97.937

Linear Regression Indicator Trend Strength Data:

10-day current trend is BEARISH / Trend strength of -64.2 pips
30-day current trend is BULLISH / Trend strength of 169.5 pips
60-day current trend is BEARISH / Trend strength of -79.5 pips
90-day current trend is BEARISH / Trend strength of -22.8 pips
180-day current trend is BULLISH / Trend strength of 736.6 pips
365-day current trend is BULLISH / Trend strength of 2864.9 pips

USDCHF Currency Pair Levels & Trend Strength Data

The Swiss franc fell slightly against the dollar today as the USDCHF pair consolidates among the lowest levels of the year. This pair has range-traded between 0.9075 and 0.9135 for the past six trading days and has only traded lower this year in February when this pair reached a low of 0.9021. The trend data for this pair continues to be overall bearish with the 10 day short-term bearish trend easing because of the consolidation of the last week.

Current Market Price: 0.91013

Today’s Pivot Point Levels:

Daily Pivot Point: 0.91015
Weekly Pivot Point: 0.91551
Monthly Pivot Point: 0.92785

Linear Regression Indicator Trend Strength Data:

10-day current trend is BEARISH / Trend strength of -257.8 pips
30-day current trend is BEARISH / Trend strength of -113.7 pips
60-day current trend is BEARISH / Trend strength of -332.1 pips
90-day current trend is BEARISH / Trend strength of -307.8 pips
180-day current trend is BEARISH / Trend strength of -32.9 pips
365-day current trend is BEARISH / Trend strength of -254.0 pips

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2013.09.26 – New York Close – End of US Session

 AUDUSD Currency Pair Levels & Trend Strength Data

Current Market Price: 0.93594

 Today’s AUDUSD Pivot Point Levels:

Daily Pivot Point: 0.93650
Weekly Pivot Point: 0.94008
Monthly Pivot Point: 0.89914

 AUDUSD Linear Regression Indicator Trend Strength Data:

10-day current trend is BULLISH / Trend strength of 119.4 pips
30-day current trend is BULLISH / Trend strength of 485.4 pips
60-day current trend is BULLISH / Trend strength of 188.2 pips
90-day current trend is BEARISH / Trend strength of -375.3 pips
180-day current trend is BEARISH / Trend strength of -1760.8 pips
365-day current trend is BEARISH / Trend strength of -1081.0 pips

NZDUSD Currency Pair Levels & Trend Strength Data

Current Market Price: 0.82861

Today’s NZDUSD Pivot Point Levels:

Daily Pivot Point: 0.82433
Weekly Pivot Point: 0.83144
Monthly Pivot Point: 0.78657

NZDUSD Linear Regression Indicator Trend Strength Data:

10-day current trend is BULLISH / Trend strength of 182.3 pips
30-day current trend is BULLISH / Trend strength of 514.6 pips
60-day current trend is BULLISH / Trend strength of 358.9 pips
90-day current trend is BULLISH / Trend strength of 184.1 pips
180-day current trend is BEARISH / Trend strength of -567.5 pips
365-day current trend is BULLISH / Trend strength of 157.5 pips

USDCAD Currency Pair Levels & Trend Strength Data

Current Market Price: 1.03079

Today’s USDCAD Pivot Point Levels:

Daily Pivot Point: 1.03048
Weekly Pivot Point: 1.02716
Monthly Pivot Point: 1.04540

USDCAD Linear Regression Indicator Trend Strength Data:

10-day current trend is BEARISH / Trend strength of -22.8 pips
30-day current trend is BEARISH / Trend strength of -192.1 pips
60-day current trend is BEARISH / Trend strength of -64.0 pips
90-day current trend is BULLISH / Trend strength of 50.0 pips
180-day current trend is BULLISH / Trend strength of 394.1 pips
365-day current trend is BULLISH / Trend strength of 404.7 pips

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Senate Democrats reacted with exasperation to House Republicans saying they won’t pass a spending bill stripped of a provision to defund ‘Obamacare’. The House and Senate must agree on a funding bill by Tuesday to avoid a partial shutdown. (Sept. 26)