Month: January 2014

2014.01.15 13:30 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 0.90694 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.90817 while the low of day reached to 0.90218. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended sharply higher to above the R2 resistance level today.

Daily Pivot Point: 0.90135
— S1 – 0.89960
— S2 – 0.89679
— S3 – 0.89504
— R1 – 0.90416
— R2 – 0.90591
— R3 – 0.90872

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.90502
— S1 – 0.89742
— S2 – 0.89279
— S3 – 0.88519
— R1 – 0.90965
— R2 – 0.91725
— R3 – 0.92188

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.

2014.01.15 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading at the 104.280 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDJPY high for the day has been 104.464 while the low of day reached to 104.082. The pair earlier today opened the Asian trading session above the daily pivot and has trended modestly higher over the course of the day.

Daily Pivot Point: 103.817
— S1 – 103.360
— S2 – 102.519
— S3 – 102.062
— R1 – 104.658
— R2 – 105.115
— R3 – 105.956

Weekly Pivot Points: USDJPY

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

Weekly Pivot Point: 104.438
— S1 – 103.534
— S2 – 102.915
— S3 – 102.011
— R1 – 105.057
— R2 – 105.961
— R3 – 106.580

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.

2014.01.14 13:30 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 1.36808 price level and over the daily pivot point, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36986 while the low of day reached to 1.36483. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended higher over the course of the day with support being found at the pivot area.

Daily Pivot Point: 1.36636
— S1 – 1.36430
— S2 – 1.36159
— S3 – 1.35953
— R1 – 1.36907
— R2 – 1.37113
— R3 – 1.37384

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point at time of writing. The EURUSD has been on an overall sideways to bullish trend this week after opening the trading week higher than the weekly pivot.

Weekly Pivot Point: 1.36339
— S1 – 1.35816
— S2 – 1.34949
— S3 – 1.34426
— R1 – 1.37206
— R2 – 1.37729
— R3 – 1.38596

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.

2014.01.14 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading at the 103.599 price level and above the daily pivot point, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.735 while the low of day reached to 102.975. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher towards the R1 resistance level.

Daily Pivot Point: 103.319
— S1 – 102.511
— S2 – 102.039
— S3 – 101.231
— R1 – 103.791
— R2 – 104.599
— R3 – 105.071

Weekly Pivot Points: USDJPY

Prices are currently trading under the weekly pivot point at time of writing with support being found at the S2 support level. The USDJPY has been on an overall bearish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 104.438
— S1 – 103.534
— S2 – 102.915
— S3 – 102.011
— R1 – 105.057
— R2 – 105.961
— R3 – 106.580

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.

2014.01.14 13:30 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 0.90132 price level and over the daily pivot point, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.90198 while the low of day reached to 0.89855. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher with the pivot area providing buying support.

Daily Pivot Point: 0.90070
— S1 – 0.89672
— S2 – 0.89454
— S3 – 0.89056
— R1 – 0.90288
— R2 – 0.90686
— R3 – 0.90904

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.90502
— S1 – 0.89742
— S2 – 0.89279
— S3 – 0.88519
— R1 – 0.90965
— R2 – 0.91725
— R3 – 0.92188

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.

2014.01.14 13:30 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 1.64328 price level and over the daily pivot point, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64465 while the low of day reached to 1.63663. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day.

Daily Pivot Point: 1.64115
— S1 – 1.63160
— S2 – 1.62503
— S3 – 1.61548
— R1 – 1.64772
— R2 – 1.65727
— R3 – 1.66384

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.64428
— S1 – 1.63701
— S2 – 1.62636
— S3 – 1.61909
— R1 – 1.65493
— R2 – 1.66220
— R3 – 1.67285

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

Large Speculator bullish bets advanced to $21.11 billion on January 7th

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large futures traders and speculators added to their overall bullish position of the US dollar and brought bets to the highest level since September.

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar long position totaling $21.11 billion as of Tuesday January 7th, according to data from Reuters. This was a weekly change of +$3.61 billion from the total $17.5 billion bullish position that was registered on December 31st, according to the calculations by Reuters that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.

The US dollar aggregate positions on January 7th rebounded to best level since September 10th when US dollar bullish bets equaled $22.01 billion.

Net Contract Standings for the week:

The non-commercial net positions for each of the individual currencies directly against the US dollar showed weekly increases for the Japanese yen, Australian dollar, New Zealand dollar and the Mexican peso while there were weekly declines for the euro, British pound sterling, Swiss franc and the Canadian dollar. See charts & data below.

Individual Currency Charts: Large & Small Speculator Positions vs 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

By CountingPips.com

Weekly CFTC Net Speculator Report

10 Year Treasuries: Large speculators and futures market traders decreased their overall bearish positions in the 10-year treasury note futures last week, 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 the 10-year treasury notes, traded by large speculators and hedge funds, totaled a net position of -128,045 contracts in the data reported for January 7th. This was a change of +45,629 contracts from the previous week’s total of -173,674 net contracts that was recorded on December 31st.

Over the same reporting time-frame, from Tuesday December 31st to Tuesday January 7th, the yield on the 10-Year treasury note fell from 3.04 to a yield of 2.96, according to data from the United States Treasury Department.

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

At CES2014 Valve unveils 13 new Steam machines. The new hardware will help bring Steam gaming into the living-room.

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Weekly CFTC Net Speculator Report

VIX Futures Contracts: Large traders and speculators advanced their total net bearish positions in the VIX futures market on January 7th and brought bets to their highest bearish level in three weeks, according to the latest data from the Commodity Futures Trading Commission (CFTC) released on Friday. The VIX non-commercial contracts, traded by large speculators and hedge funds, totaled a net position of -47,472 contracts in the data reported for January 7th. This was a change of -7,480 contracts from the previous week’s total of -39,992 net contracts that were registered on December 31st. Speculators have added to bearish positions for two straight weeks and contracts are at the most bearish level since December 17th when net contracts stood at -62,637.

Meanwhile, over the same time-frame, the VIX index declined from 14.28 on Tuesday December 31st to 12.92 on Tuesday January 7th, 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