Author: FX_Trdr

President Barack Obama promotes his health care law before new insurance exchanges open next week. The president says congressional critics of the 3-year-old health care law have become more irresponsible in their attempts to kill it. (Sept. 26)

The countdown clock is ticking toward a possible government shutdown at the end of the month. The Senate is working on its version of a spending bill to avoid it. (Sept. 26)

2013.09.25 New York Close – End of US Session

 USDCAD Currency Pair Levels & Trend Strength Data

The US dollar continued its rebound against the Canadian dollar today following last week’s plunge lower post-Fed meeting. The USDCAD pair trades above the 1.0300 level and has ascended the 50% Fibonacci retracement level (of last 100 days range). The short-term trend is setting up for an imminent to change to bullish as well as the MACD shaping up for a potential crossover. We are looking for support at the major 1.3000 level with possible targets and resistance at the 1.0350 level and then the 38.2% Fibonacci retracement level below 1.4000.

Current Market Price: 1.03124

Today’s Pivot Point Levels:

Daily Pivot Point: 1.02920
Weekly Pivot Point: 1.02716
Monthly Pivot Point: 1.04540

Linear Regression Indicator Trend Strength Data:

10-day current trend is BEARISH / Trend strength of -38.9 pips
30-day current trend is BEARISH / Trend strength of -165.6 pips
60-day current trend is BEARISH / Trend strength of -68.3 pips
90-day current trend is BULLISH / Trend strength of 54.2 pips
180-day current trend is BULLISH / Trend strength of 405.5 pips
365-day current trend is BULLISH / Trend strength of 405.7 pips

By CountingPips.com – Currency Trading Blog

Filibuster or no, Sen. Ted Cruz’ marathon Senate floor speech made one point: Obamacare had to go. But when the freshman senator finally stopped talking after 21 hours, he was no closer to killing President Barack Obama’s health care law. (Sept. 25)

2013.09.25 New York Close – End of US Session

 USDJPY Currency Pair Levels & Trend Strength Data

The US dollar continued its fall against the Japanese yen today for a fourth day in a row. The USDJPY has left the 100 level in the rear-view mirror for the time being and looks to be setting up a test of the 98.00 level soon. Current trend is down and price is currently trading around the major level of 98.50. A potential base of support looms  below at the 38.2% Fibonacci retracement level which coincides with the previous support and resistance level of 97.50.

Current Market Price: 98.423

 Today’s Pivot Point Levels:

Daily Pivot Point: 98.789
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 -112.0 pips
30-day current trend is BULLISH / Trend strength of 175.3 pips
60-day current trend is BEARISH / Trend strength of -91.4 pips
90-day current trend is BEARISH / Trend strength of -53.6 pips
180-day current trend is BULLISH / Trend strength of 759.7 pips
365-day current trend is BULLISH / Trend strength of 2862.3 pips

By CountingPips.com – Currency Trading Blog

2013.09.25 – New York Close – End of US Session

GBPUSD Currency Pair Levels & Trend Strength Data

The GBPUSD regained it’s strength today and continued to hold above the major 1.6000 level against the US dollar. The 1.6000 level will be the key level to watch for this pair and whether the momentum can sustain and bring higher levels. The current trend is clearly a bullish one but with prices starting to consolidate after last week’s large spike higher, a corrective downtrend looks to be looming, although prices will have to break below 1.6000 first.

Current Market Price: 1.6079

 Today’s Pivot Point Levels:

Daily Pivot Point: 1.60000
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 295.0 pips
30-day current trend is BULLISH / Trend strength of 559.2 pips
60-day current trend is BULLISH / Trend strength of 977.0 pips
90-day current trend is BULLISH / Trend strength of 620.0 pips
180-day current trend is BULLISH / Trend strength of 171.1 pips
365-day current trend is BEARISH / Trend strength of -554.0 pips

By CountingPips.com – Forex News

2013.09.25 New York Close – End of US Session

EURUSD Currency Pair Levels & Trend Strength Data

EURUSD climbed back over the 1.3500 level today and closed over that threshold to end the day. The trend continues to be bullish but consolidation seems to be setting in and fall back below 1.3500 could start a short-term downtrend. Likely downside targets include the previous support and resistance level at 1.3400 as well as the 23.6% fibo retracement level. More bullish action will likely see resistance into the 1.3550 — 1.3565 area represented by top of Fibonacci retracement.

Current Market Price: 1.35249

 Today’s Pivot Point Levels:

Daily Pivot Point: 1.34848
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 291.9 pips
30-day current trend is BULLISH / Trend strength of 146.1 pips
60-day current trend is BULLISH / Trend strength of 417.9 pips
90-day current trend is BULLISH / Trend strength of 383.6 pips
180-day current trend is BULLISH / Trend strength of 86.9 pips
365-day current trend is BULLISH / Trend strength of 801.8 pips

By CountingPips.com – Forex News

Transportation and Finance Sectors are expected to report decent earnings growth for Q3 (IYT, KRE).

Conservative Republican Senator Ted Cruz ends 21 hours, 19-minute marathon speech opposing Obama’s health care law. The freshman senator stopped speaking at noon Wednesday. (Sept. 25)

Apple’s carrier partnerships in France are going under the microscope. An administrative watchdog called the DGCCRF, which operates in France’s Finance Ministry, is investigating the clauses Apple enforces in its contracts with wireless carriers. According to Reuters, the body is specifically focusing on Apple’s requirements related to sales volume, advertising, and commissions to a respective carrier’s salespeople.