InvestMacro FX

By CountingPips.com

Weekly CFTC Net Speculator Report

VIX Futures Contracts: Large traders and speculators decreased their overall bearish bets in the VIX futures market last week after four consecutive weeks of rising bearish positions, 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 -34,057 contracts in the data reported for April 22nd. This was a change of +1,889 contracts from the previous week’s total of -35,946 net contracts that was registered on April 15th.

The decline in large bearish positions brings contracts down from the highest bearish level since February 11th when overall positions stood at a level of -41,108 contracts.

The VIX index, meanwhile, declined last week from a 15.61 reading on Tuesday April 15th to a 13.19 reading on Tuesday April 22nd, 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).

Article by CountingPips.com – Forex Apps & Analysis

By CountingPips.com

Weekly CFTC Net Speculator Report

GOLD: Large futures market traders and speculators slightly added to their overall bullish bets in gold futures last week after decreasing positions for four straight weeks, 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 +81,833 contracts in the data reported through April 22nd. This was a change of +2,541 contracts from the previous week’s total of +79,292 net contracts on April 15th.

Over the weekly reporting time-frame, from Tuesday April 15th to Tuesday April 22nd, the gold price declined from approximately $1,302.90 to $1,284.90 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).

Article by CountingPips.com – Forex Trading Apps

By CountingPips.com

Weekly CFTC Net Speculator Report

CRUDE OIL: Large futures market traders and speculators slightly increased their overall bullish bets in crude oil futures for a fifth straight week and to the highest level since March 4th last week, 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, totaled a net position of +410,125 contracts in the data reported for April 22nd. This was a change of just +574 contracts for the week. The previous week had seen a total of +409,551 net contracts in the data through April 15th.

The total level of +410,125 bullish positions brings crude oil positions to the highest standing since March 4th when total net positions reached +425,818 contracts.

Over the weekly reporting time-frame, from Tuesday April 15th to Tuesday April 22nd, the crude oil price declined from $103.78 to $101.92 per barrel, according to Nymex futures price data from investing.com. Brent crude prices, meanwhile, edged up from $109.20 to $109.44 per barrel from Tuesday April 15th to Tuesday April 22nd, also 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).

Article by CountingPips.com – Forex Trading News

2014.04.24 12:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.38228 price level and just over the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.38417 while the low of day has reached to 1.38112. The pair earlier today opened the Asian trading session below the daily pivot and has trended slightly higher so far today.

Daily Pivot Point: 1.38230
— S1 – 1.37922
— S2 – 1.37688
— S3 – 1.37380
— R1 – 1.38464
— R2 – 1.38772
— R3 – 1.39006

Weekly Pivot Points: EURUSD

Prices are currently trading just slightly above the weekly pivot point at time of writing. The EURUSD has been on an overall slightly bullish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.38189
— S1 – 1.37737
— S2 – 1.37439
— S3 – 1.36987
— R1 – 1.38487
— R2 – 1.38939
— R3 – 1.39237

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.

2014.04.24 12:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading at the 0.88271 price level and under the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88345 while the low of day has reached to 0.88128. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower over the course of the day.

Daily Pivot Point: 0.88300
— S1 – 0.88081
— S2 – 0.87841
— S3 – 0.87622
— R1 – 0.88540
— R2 – 0.88759
— R3 – 0.88999

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.88096
— S1 – 0.87838
— S2 – 0.87378
— S3 – 0.87120
— R1 – 0.88556
— R2 – 0.88814
— R3 – 0.89274

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.

2014.04.24 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 1.67925 price level and right at the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.68051 while the low of day has reached to 1.67728. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher into the North American morning session.

Daily Pivot Point: 1.67920
— S1 – 1.67490
— S2 – 1.67181
— S3 – 1.66751
— R1 – 1.68229
— R2 – 1.68659
— R3 – 1.68968

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.67577
— S1 – 1.66746
— S2 – 1.65717
— S3 – 1.64886
— R1 – 1.68606
— R2 – 1.69437
— R3 – 1.70466

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.

2014.04.22 12:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading at the 1.38045 price level and over the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.38100 while the low of day has reached to 1.37841. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher so far today.

Daily Pivot Point: 1.38027
— S1 – 1.37756
— S2 – 1.37591
— S3 – 1.37320
— R1 – 1.38192
— R2 – 1.38463
— R3 – 1.38628

Weekly Pivot Points: EURUSD

Prices are currently trading under the weekly pivot point at time of writing. The EURUSD has been on an overall bearish trend early in this week after opening the trading week slightly below the weekly pivot.

Weekly Pivot Point: 1.38189
— S1 – 1.37737
— S2 – 1.37439
— S3 – 1.36987
— R1 – 1.38487
— R2 – 1.38939
— R3 – 1.39237

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.

2014.04.22 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 1.68224 price level and over the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.68235 while the low of day has reached to 1.67849. The pair earlier today opened the Asian trading session below the daily pivot and has trended sharply higher to over the R1 resistance level currently.

Daily Pivot Point: 1.67935
— S1 – 1.67692
— S2 – 1.67489
— S3 – 1.67246
— R1 – 1.68138
— R2 – 1.68381
— R3 – 1.68584

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall bullish trend ear;u this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.67577
— S1 – 1.66746
— S2 – 1.65717
— S3 – 1.64886
— R1 – 1.68606
— R2 – 1.69437
— R3 – 1.70466

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.

2014.04.22 12:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading at the 0.88431 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88556 while the low of day has reached to 0.88374. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower into the US trading session.

Daily Pivot Point: 0.88393
— S1 – 0.88271
— S2 – 0.88059
— S3 – 0.87937
— R1 – 0.88605
— R2 – 0.88727
— R3 – 0.88939

Weekly Pivot Points: USDCHF

Prices are currently trading over the weekly pivot point at time of writing with prices finding resistance at the R1 resistance level. The USDCHF has been on an overall bullish trend so far this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 0.88096
— S1 – 0.87838
— S2 – 0.87378
— S3 – 0.87120
— R1 – 0.88556
— R2 – 0.88814
— R3 – 0.89274

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.

By CountingPips.com

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 increased their bets in favor of the other major currencies against the US dollar last week with the Australian dollar and British pound sterling continuing to show multi-week gains.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, increased their bets in favor of the euro, British pound sterling, Japanese yen, Swiss franc, Australian dollar and the New Zealand dollar last week, according to the CFTC data through April 15th. Meanwhile, there was weekly declines for the Canadian dollar and the Mexican peso.

Notable changes: Yen rises, AUD & GBP continue to gain

• Japanese yen positions saw the biggest change for the week as positions for the yen increased by +18,746 contracts and brought the yen’s overall net bearish positions to the lowest level in approximately a month (-68,716 contracts).

• Euro positions rose after three straight weeks of declines as the increase in bullish contracts (+13,617) outpaced the increase in bearish contracts (+9,229) last week.

• British pound sterling net bullish positions gained for a 5th consecutive week and rose to their highest level since February 15th 2011 when bullish positions equaled +52,572 contracts.

• Australian dollar contracts improved for a sixth consecutive week and increased the Aussie net bullish position to +8,097 contracts after making the cross from net bearish contracts to net bullish contracts on April 8th.

* 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.

Article by CountingPips.com – Forex Apps & News