Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Daily Report on December 22, 2016 by Option Banque

Daily Report on December 22, 2016



Global shares stagnated with dwindling volumes on Thursday as investors started to book profit ahead of the Christmas holidays. U.S. stocks also experienced a slide on Wednesday and headed for opening lower. After the Dow Jones Industrial Average failed to reach the 20,000 threshold yesterday, European equities declined, led by bank and miner shares.

The Stoxx Europe 600 index dropped more than 0.2% with banking stocks throughout the region came under pressure. Stoxx Europe 600 Bank Index lost 0.24%, as sentiment was sapped by Italia’s Banca Monte dei Paschi di Siena which seems to fail to raise 5 billion euros ($5.22 billion) by the end of the year. According to market sources, the bank said late Wednesday that it had failed to secure an anchor investor for its private rescue deal.

U.S. crude price inched lower in European session after rebounding higher in Asian trading hours. The West Texas Intermediate crude oil resumed its downtrend, weighed down by concerns over rising output in the U.S. and Libya. As reported by the Energy Information Administration on Wednesday, U.S. crude stocks rose by 2.3 million barrels in the week ended Dec. 16, contrasting with market expectations calling for a decrease. In addition, Libya’s state-run National Oil Co. stated that its long-closed pipelines, which could supply 270,000 barrels a day of crude in the next three months, had reopened.

Elsewhere, New Zealand’s gross domestic product was reported to grow at a faster pace in the third quarter. The Statistics New Zealand said that the country’s GDP expanded 1.1% in three months to September, extending quarterly growth to the 24th consecutive quarter. On a yearly basis, GDP grew 3.5%, following a 3.4% annualized gain in the previous quarter.



Technicals

CADJPY



Fig: CADJPY H4 Technical Chart

CADJPY has been on a steady decline that brought the pair below the 87.500 level. The 20-period MA crossed the 50-period MA for the first time in nearly two months, suggesting a reversal into a downtrend. Not only has the pair been under downward pressure from two MAs hanging above the price action, it is likely to slide further as indicated by RSI and ADX indicator charts.

Trade suggestion

Buy Digital Put Option from 87.300 to 86.900 valid until 20:00 GMT December 22, 2016



USDZAR



Fig: USDZAR H4 Technical Chart

USDZAR has witnessed a sharp up move after the U.S. dollar eventually broke out of the resistance at 14.00000 milestone. As can be observed in the chart, while the price action has penetrated the short-term MA20 from below, the RSI index has moved past the central line, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 14.05000 to 14.15000 valid until 20:00 GMT December 22, 2016



BRENT



Fig: BRENT H4 Technical Chart

Brent crude collapsed following a consolidation above the 54.40 support. The commodity price finally broke below this handle and is heading downwards to another firm support at 53.00. Along with the RSI index that is declining, the downtrend is also confirmed by the convergence of two moving averages.

Trade suggestion

Buy Digital Put Option from 54.10 to 53.00 valid until 20:00 GMT December 22, 2016



SILVER



Fig: SILVER H4 Technical Chart

Silver extended its slide to the second-straight trading day after surging as high as 16.161. The grey metal fell below the short-term MA20 though and is struggling around the 15.800 support. As the RSI is pointing downwards and ADX is soaring, a strong bearish momentum is anticipated to help the metal break above the 15.800 level.

Trade suggestion

Buy Digital Put Option from 15.800 to 15.600 valid until 20:00 GMT December 22, 2016

 

[Option_Banque]

SP500 Trade Idea by Option Banque

Mixed U.S. Data Fails To Boost Shares As Holiday Is Coming

U.S. shares fell in light trading on Thursday as investors started to book their profit ahead of the Christmas holiday weekend. A slew of data in the U.S. which were mixed also sapped traders’ confidence in investing in risky assets.

U.S. economy was reported by the Commerce Department to grow at its fastest pace in two years last quarter. According to the report released earlier today, gross domestic product advanced at a 3.5 percent annual rate, which is faster than the previously reported 3.2 percent pace.

However, traders quickly shrugged off the upbeat GDP data as consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose less than expected. For November, personal spending only grew 0.2 percent, below the estimated 0.3 percent gain. That contributed to holding back inflation last month. The core personal consumption expenditures (PCE) price index, excluding food and energy, was unchanged in November, falling short of expectation for a gain of 0.1%.

Out of 11 sectors of the SP500 index, only Energy, Telecommunication Services and Utilities were trading higher. Consumer Discretionary led losses, shedding 1.14%.

Trade suggestion
Buy Digital Put Option from 2256.00 to 2250.00 valid until 20:00 GMT December 23, 2016

 

[Option_Banque]

Daily Report on December 23, 2016 by Option Banque

Daily Report on December 23, 2016



Asian equities sagged on the last trading session before Christmas holiday weekend with markets in Tokyo closed for a holiday. The MSCI Asia-Pacific Index excluding Japan plunged by 0.5%, extending its loss to an eighth session, its longest series of losses since May. Both China’s currency and stock markets were in a negative territory as investors were concerned by rising borrowing costs in the world’s two biggest economies.

China’s CSI 300 Index lost 0.6 percent while Hong Kong’s Hang Seng Index dropped 0.5 percent. Australia’s S&P/ASX 200 Index was down 0.3 percent and Singapore’s Straits Times Index shed 0.4 percent. Many key Asian markets will be closed Monday to observe Christmas holiday. Markets in Japan, China and Korea will reopen on Tuesday while a few will also stay closed.

The dollar index plummeted by nearly 1 percent to 102.99, after a string of U.S. data failed to move the market. U.S. economy was reported by the Commerce Department to grow at its fastest pace in two years last quarter. According to the report released Thursday, GDP advanced at a 3.5 percent annual rate, which is faster than the previously reported 3.2 percent pace.

However, consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose less than expected. For November, personal spending only grew 0.2 percent, below the estimated 0.3 percent gain. The core personal consumption expenditures (PCE) price index, excluding food and energy, was unchanged in November, falling short of expectation for a gain of 0.1%.

Elsewhere, China’s government may relax regulations for foreign elderly care firms to encourage overseas investors to establish non-profit pension funds in the country. In a statement by the State Council on Friday, approval processes for these funds will be loosened in an attempt to deal with the looming challenges of a rapidly aging population.



Technicals

EURCHF



Fig: EURCHF H4 Technical Chart

EURCHF has broken above a firm resistance at 1.07200 – an old support in the one-month period to mid-December. The price action has also crossed over the 20-period moving average from below, which suggests a strengthening bullish momentum. RSI has move past 50, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 1.07300 to 1.07550 valid until 20:00 GMT December 23, 2016

AUDJPY


Fig: AUDJPY H4 Technical Chart

AUDJPY continued to slide further towards the 38.2% Fibonacci level after falling off the 84.700 support. The pair has moving in a thin range around this handle for a while but strong bearish force has helped the price to break lower. However, the downside seems limited not only because one of major Fib. level is within the sight but also because of the fact that the market has neared the oversold zone, as indicated by the RSI chart.

Trade suggestion

Buy Digital Put Option from 84.500 to 84.050 valid until 20:00 GMT December 23, 2016



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas ticked higher after plummeting to as low as 3.494. The commodity price is attempting the resistance at 3.580 – the level it failed to break above yesterday. The short-term MA20 has converged with the long-term MA50 from below, supporting the up move. Both RSI and ADX indexes are indicating further advances.

Trade suggestion

Buy Digital Call Option from 3.590 to 3.650 valid until 20:00 GMT December 23, 2016



EURO 50



Fig: EURO 50 Index H4 Technical Chart

Euro 50 index has fallen in a consolidation that causes the price to swing back and forth in a thin rang around 3275.00. However, buyers are supported by the short-term MA20 which may spur buying demand to help the benchmark reach the 3300.00 threshold.

Trade suggestion

Buy Digital Call Option from 3280.00 to 3300.00 valid until 20:00 GMT December 23, 2016

 

[Option_Banque]

EUR/CAD signal by Option Banque

From 1.40900
Till 1.41500

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/12/2016

 

[Option_Banque]

USDCAD trade idea by Option Banque

Weak Canadian GDP Data Boosts USDCAD To Five-Week Peak

The U.S. dollar soared strongly to the level not seen since mid-November against its Canadian peer on Friday in the wake of unexpectedly fragile Canadian economic growth data, not to mention expectation for an aggressive rate-hike path next year. The pair USDCAD reached over one-month high at 1.35563 after the release of Canadian gross domestic product that showed the country’s economic contracted by 0.3% in October, lower than expectations for a 0.1% expansion.

The decline in October was partly due to a sharp drop in manufacturing output which shrank 2.0%. The sector, which has marked the largest monthly decrease since December 2013, was affected by a lower volume of manufactured goods exports.

Meanwhile, the greenback’s bull run has been supported by Federal Reserve’s remarks that the central bank may raise interest rates three times in 2017.

Trade suggestion
Buy Digital Call Option from 1.35450 to 1.35700 valid until 20:00 GMT December 23, 2016

 

[Option_Banque]

Daily Report on December 27, 2016 by Option Banque

Daily Report on December 27, 2016



Japanese and Chinese markets draw investor attention on Tuesday as financial markets in Australia, New Zealand and Hong Kong remained shut for Christmas. Japan’s equities were bolstered by a weakened Yen. Tokyo’s Topix index advanced 0.2% while the Nikkei 225 Stock Average gained 2.2 percent. Meanwhile, the Yen snapped a four-day advance versus the U.S. dollar after data released earlier today showed the country’s core consumer prices came in worse-than-expected.

The Japanese Statistics Bureau on Tuesday reported that core consumer prices in Tokyo, a leading indicator of nationwide price movement, fell 0.6 percent in December from a year earlier. This is the fastest pace of decline in nearly four years, outlining the challenges policy-makers have been struggling to boost the nation’s inflation.

The national core consumer price index, which includes oil products but excludes volatile fresh food prices, shed 0.4 percent in November from a year earlier, marking the ninth straight month of annual declines. The headline figure suggests a weak momentum of the country’s prices to move toward the central bank's ambitious 2 percent target. However, economists expected a recent rebound in oil costs and yen declines will help to accelerate inflation next year.

Markets in the U.S. and most of Europe will resume trading after a holiday Monday.

Oil prices were little changed on Tuesday with markets waiting for the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in on January 1st, 2017. London Brent crude for February delivery was trading at $55.15 a barrel by 05:00 GMT while NYMEX crude for the same contract ticked down to trade at $53.12 a barrel. Oil markets were closed on Monday in observation of Christmas holiday.

Elsewhere, the Chinese National Bureau of Statistics on Tuesday announced profits at industrial firms accelerated in November. Industrial profits rose 14.5 percent last month from a year earlier to 774.6 billion yuan ($111 billion), with gains led by advances in coal and metal prices. The index soared 9.8 percent in the previous month. As a result, earnings in the first 11 months jumped 9.4 percent to 6.03 trillion yuan.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD is struggling near over-one-month high at 1.35563. The pair has retreated a little bit after soaring to the 1.35400 resistance but is likely to edge higher with support from two MAs moving below the price action. The U.S. dollar may reach the 50.0% Fibonacci level at 1.35740.

Trade suggestion

Buy Digital Call Option from 1.35400 to 1.35700 valid until 20:00 GMT December 27, 2016



EURCHF



Fig: EURCHF H4 Technical Chart

EURCHF remained steady on an uptrend but at the same could not break out of the resistance at around 1.07400. The parabolic sar has changed its direction to move under the price action. Meanwhile, the short-term MA20 has crossed over the long-term MA50 from below, suggesting further advanced.

Trade suggestion

Buy Digital Call Option from 1.07400 to 1.07560 valid until 20:00 GMT December 27, 2016



SILVER



Fig: SILVER H4 Technical Chart

Silver prices rebounded from the support at 15.680 and are struggling with the short-term MA 20 at around 15.872. The parabolic sar has turned below the price action, which suggests a reversal into an uptrend. As can be observed from the ADX chart, the +DI line has penetrated the –DI line from below while the ADX index is pointing downwards, indicating a strengthening bullish force.

Trade suggestion

Buy Digital Call Option from 15.900 to 16.150 valid until 20:00 GMT December 27, 2016



EURO50



Fig: EURO 50 Index H4 Technical Chart

The European stock benchmark has been stuck in a thin range for the last three days. The short-term 20-period moving average has kept the index from falling further but the price has not gather enough bullish momentum to break out of the side-way state and edge higher. The ADX index has fallen below 20, indicating no clear trend in market. In the event of an uptrend, Euro 50 index may reach the 3300.00 threshold.

Trade suggestion

Buy Digital Call Option from 3280.00 to 3300.00 valid until 20:00 GMT December 27, 2016

 

[Option_Banque]

USDJPY Trade Idea by Option Banque

USDJPY Edges Higher As Weak Economic Data Weigh On Yen

USDJPY reversed higher on Tuesday after four straight trading days of gains last week. The reversal into an uptrend today was due to the fact that the pair had hit the major support at 117.00 level and Japanese economic data that underlined the challenges policy-makers are facing to accelerate the nation’s inflation.

The Japanese Statistics Bureau on Tuesday reported that core consumer prices in Tokyo, a leading indicator of nationwide price movement, fell 0.6 percent in December from a year earlier. This is the fastest pace of decline in nearly four years, outlining the challenges policy-makers have been struggling to boost the nation’s inflation.

The national core consumer price index, which includes oil products but excludes volatile fresh food prices, shed 0.4 percent in November from a year earlier, marking the ninth straight month of annual declines. The headline figure suggests a weak momentum of the country’s prices to move toward the central bank’s ambitious 2 percent target. However, economists expected a recent rebound in oil costs and yen declines will help to accelerate inflation next year.

Nonetheless, household spending dropped percent in November from a year earlier, extending the slide to a ninth consecutive month.

Separate data by the Statistics Bureau showed the jobs-to-applicants ratio rose to 1.41 from 1.40 last month, in line with a median market forecast. The reading also marked the highest level since July 1991.

In a report released later on Tuesday, Ministry of Land, Infrastructure and Transport stated that housing starts in Japan fell more-than-expected in the last quarter. Indeed, the growth of Japanese Housing Starts slipped to a seasonally adjusted 6.7%, from 13.1% in the second quarter. Analysts had expected Japanese Housing Starts to rise at the pace of 10.2% in the last quarter.

Trade suggestion
Buy Digital Call Option from 117.450 to 117.800 valid until 20:00 GMT December 27, 2016

 

[Option_Banque]

Crude Trade Idea by Option Banque

Thin Volume In First Day Of Post-Holiday Trade Sends Oil Near $54

U.S. crude oil futures jumped on Tuesday, prolonging its year-end rally amidst expectations of tighter market once the deal between OPEC and non-OPEC producers takes effect from Sunday.

Crude prices soared more than 1.7% to nearly $54 per barrel and are on track to attempt the year’s high of $54.51 high reached on December 12th. The strong surge came after remarks from the Energy Ministry of Venezuela stating that the country would cut 95,000 barrels-per-day of oil production since January 1st in fulfillment of a nearly 1.8 million bdp output-cut deal signed by the OPEC and non-OPEC oil producers.

The up move was magnified by low trading volume in the first post-Christmas trading session

Trade suggestion
Buy Digital Call Option from 53.90 to 54.50 valid until 20:00 GMT December 28, 2016

 

[Option_Banque]

USD/ZAR signal by Option Banque

From 13.94000
Till 14.00000

Buy Option Digital
Direction Call
Expiry GMT 21:00 27/12/2016

 

[Option_Banque]

Daily Report on December 28, 2016 by Option Banque

Daily Report on December 28, 2016



Asian stocks echoed gains in U.S. equities overnight, rising in thin trading on Wednesday. Australian and New Zealand markets reopened after being closed Monday and Tuesday for the Christmas holiday with the former’s S&P/ASX 200 Index up 1% while the latter’s S&P/NZX 50 Index was little changed. Although Asian shares were mixed, the MSCI Asia Pacific Index advanced for the first time in seven days.

Yesterday, the S&P 500 Index extended its monthly advance, ticking 0.2 percent higher. Another U.S. equity benchmark, the Nasdaq Composite Index rose to its all-time high and the Dow Jones Industrial Average approached 20,000, supported by the release of upbeat U.S. economic data.

According to a monthly survey released by the Conference Board on Tuesday, consumer optimism about the U.S. economy increased to the highest level since August 2001. The Consumer Confidence Index jumped to 113.7 in December, comfortably beating analysts’ expectation calling for the headline figure to hit 109 for the month.

In a preliminary report on Wednesday, the Ministry of Economy, Trade and Industry stated that Japanese industrial production rose 1.5% in November, compared with the previous month. Despite the fact that the reading missed forecast a 1.8% increase, the preliminary data was a sharply surge after flat-lining in October. On a yearly basis, industrial production rose 4.6%.

In a separate report on Wednesday, METI said Japanese retail sales showed their first monthly gain since February. Thanks to export volumes that rebounded sharply, the reading recorded an increase of 1.7% in November, following a 0.2% drop the previous month.



Technicals

NZDUSD



Fig: NZDUSD H4 Technical Chart

NZDUSD has been on a rise since it broke out of a consolidation in the last two trading days. The price action is facing the long-term MA50 at 0.69212 after the price action penetrated the short-term MA20 at 0.68930. Both RSI and ADX is soaring, suggesting a strong upward support.

Trade suggestion

Buy Digital Call Option from 0.69300 to 0.69600 valid until 20:00 December 28, 2016



AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD has been under downward pressure created by the slopping downtrend line. The pair pulled back after hitting this resistance and has also breached the 1.04150 support. RSI rebounded from the central line, suggesting the return of the bearish force. The pair may slide further to test the next support at 1.03770.

Trade suggestion

Buy Digital Put Option from 1.04000 to 1.03770 valid until 20:00 December 28, 2016



BRENT



Fig: BRENT H4 Technical Chart

Brent crude reversed higher following a fall that sent the price back to 56.00 support. Recent candles have short or no lower shadows at all, which indicates a weak bearish force. With support from two MAs hanging below the price action, the commodity may tick higher to reach the 57.00 handle.

Trade suggestion

Buy Digital Call Option from 56.10 to 57.00 valid until 20:00 December 28, 2016



SUGAR



Fig: Sugar H4 Technical Chart

Sugar pulled back after its bullish momentum was hit by two resistances at the same time. The first one is a dynamic resistance which is the 20-period moving average and the other is the 38.2% Fibonacci level. As can be seen from the Stochastic chart, the %K line has reversed lower and may cross over the %D line from above. The commodity price may fall lower to test 18.00 support.

Trade suggestion

Buy Digital Put Option from 18.40 to 18.00 valid until 20:00 December 28, 2016

 

[Option_Banque]

GBP/USD signal by Option Banque

From 1.23000
Till 1.23400

Buy Option Digital
Direction Call
Expiry GMT 21:00 28/12/2016

 

[Option_Banque]

FTSE Trade Idea by Option Banque

Spurred By Miners, FTSE 100 Soars Strongly In First Post-Holiday Trade

U.K. shares climbed on Wednesday, pushed higher by gains in mining and energy companies. In the first trading day after the Christmas and Boxing Day holidays, the benchmark FTSE 100 surged 0.36% to 7093.39 with shares of BHP Billiton, Rio Tinto and Anglo American among best performers.

Thanks to an uptick in metals prices, BHP Billiton PLC posted the biggest gain in London, rising 4.25%. Anglo American PLC added 3.33% and Rio Tinto gained 2.66%. Gold miners were tracking the precious metal’s price higher with Fresnillo ticking up 4.1%, while Randgold Resources edging 2.9% higher.

Crude prices that were trading in positive territory also lent a support to energy companies. Royal Dutch Shell PLC jumped 0.79% (RDSA) and 0.87% (RDSB), BP PLC rose 0.42%,

The worst performers of the session were International Consolidated Airlines Group SA whose shares lost 2.21%. easyJet, another airline company, shed 1.3%, hit by higher oil prices.

Trade suggestion
Buy Digital Call Option from 7100.00 to 7128.00 valid until 20:00 GMT December 28, 2016

 

[Option_Banque]

Sugar Trade Idea by Option Banque

Technical Buying In The Last Week Of The Year Helps Sugar Take Off

Raw sugar futures have been on a vigorous rally since the market reopened on Tuesday following the Christmas holiday. After rebounding from a 6-1/2 month low at 17.84 cents logged on December 15th, the commodity had fallen into a consolidation before advancing strongly.

Over the last three trading day, sugar futures prices have added nearly 5.8% to trade at 19.22 cents on Thursday as traders have been adjusted their positions in the run-up to the New Year holiday. Indeed, speculators are covering their short positions after consistently selling sugar and sending the price lower for three months in a row.

Nevertheless, raw sugar is on course to close the year rising over 25%.

Trade suggestion
Buy Digital Call Option from 19.25 to 19.60 valid until 20:00 GMT December 30, 2016

 

[Option_Banque]

USD/JPY signal by Option Banque

From 16.330
Till 16.000

Option Digital
Direction Put
Expiry GMT 21:00 29/12/2016

 

[Option_Banque]

Sugar Trade Idea by Option Banque

Technical Buying In The Last Week Of The Year Helps Sugar Take Off

Raw sugar futures have been on a vigorous rally since the market reopened on Tuesday following the Christmas holiday. After rebounding from a 6-1/2 month low at 17.84 cents logged on December 15th, the commodity had fallen into a consolidation before advancing strongly.

Over the last three trading day, sugar futures prices have added nearly 5.8% to trade at 19.22 cents on Thursday as traders have been adjusted their positions in the run-up to the New Year holiday. Indeed, speculators are covering their short positions after consistently selling sugar and sending the price lower for three months in a row.

Nevertheless, raw sugar is on course to close the year rising over 25%.

Trade suggestion
Buy Digital Call Option from 19.25 to 19.60 valid until 20:00 GMT December 30, 2016

 

[Option_Banque]

Gold Trade Idea by Option Banque

Weak Dollar Pushes Gold To Levels Not Seen In Two Weeks

Gold futures soared more than 1% on Thursday, aiming to extending its advance for a fourth-straight trading day. The precious metal reached a two-week high as the U.S. dollar retreated after a downbeat economic data.

Gold futures for February delivery jumped 1.25% to trade at $1158.47 an ounce in light volume. This is the level not seen since December 14th. The dollar index dropped 0.55% to 102.66.

According to data released by the Commerce Department on Thursday, the U.S. trade deficit climbed 5.5% last month to a seasonally adjusted annual $65.3 billion. November’s reading was larger than the $62.5 billion gap forecast by economists. Particularly, exports increased 1.0% to $121.7 billion while imports advanced 1.2% compared to those of October.

As most gold is priced in dollars, a weaker greenback makes the precious metal less expensive for other currency holders, presumably raising demand.

Trade suggestion
Buy Digital Call Option from 1158.00 to 1165.00 valid until 20:00 GMT December 30, 2016

 

[Option_Banque]

EUR/NZD signal by Option Banque

EUR/NZD signal by Option Banque

From 1.51400
Till 1.52000

Buy Option Digital
Direction Call
Expiry GMT 21:00 30/12/2016

 

[Option_Banque]

CAD/CHF signal by Option Banque

From 0.75500
Till 0.75200

Option Digital
Direction Put
Expiry GMT 21:00 30/12/2016

 

[Option_Banque]

Daily Report on December 30, 2016 by Option Banque

Daily Report on December 30, 2016



Global stocks were set to close a tumultuous year with mixed notes on Friday. While Japanese equities and European Stoxx Europe 600 Index looked set to have their first annual decline in five years, the MSCI Asia Pacific Index is about to record its first annual gain since 2013. China was at risks of marking one of the worst performances with the Shanghai Composite Index on course for a yearly decline of 12 percent.

The Euro surged sharply in early Asia trading hours on Friday, jumping from around $1.0490 to trade above $1.0700 in a blink. This is its highest level in two weeks after being stuck in a range from $1.0370 to $1.0480. According to market analysts, the steep up move wasn’t likely driven by any specific fundamental news, but partly due to a broad dollar selling as traders closed their book ahead of the New Year holiday.

In the currency market, the greenback was broadly lower against its rivals. The dollar index, which tracks the greenback against a basket of its major peers, dropped more than 0.6 percent to 102.03, paring its annual gain to 3.8 percent after reaching a 14-year high of 103.65 on Dec. 20.

Crude futures made fractional gains on Friday, following data from the U.S. Energy Information Administration that showed smaller-than-expected growth in U.S. crude inventories last week. EIA stated that U.S. crude stockpiles added 614,000 barrels in the week ended Dec. 23, far below the 4.2-million barrels increase reported by the industry group American Petroleum Institute. However, the figure still contrasted with a 1.2-million barrel contraction forecast by analysts.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $54.00 a barrel, up 0.43%, in the Globex electronic session. Brent crude on London’s ICE Futures exchange ticked 0.37% higher to $57.06 a barrel. Oil trading remained tepid ahead of the New Year holiday. Global oil markets will be closed Monday.



Technicals

EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP has been riding an uptrend. The pair spiked to as high as 0.86686 – the highest level since November 15th, before paring its gains and falling back to the support at 0.85800. Buyers are still dominating on the market but it seems hard for the pair to reach today’s high or set another record settlement. Therefore, it much more likely for set a target at 0.86300 in the event of continual up moves.

Trade suggestion

Buy Digital Call Option from 0.86000 to 0.86300 valid until 20:00 GMT December 30, 2016



USDZAR



Fig: USDZAR H4 Technical Chart

USDZAR has been under downward pressure created by the short-term MA20 which forced the pair to reversed lower after hitting this dynamic resistance at 13.79900. RSI has also reversed lower, indicating the emergence of bearish force.

Trade suggestion

Buy Digital Put Option from 13.66000 to 13.55000 valid until 20:00 GMT December 30, 2016



BRENT



Fig: Brent H1 Technical Chart

Brent crude has been trapped in a trading range between the resistance at 57.20 and the support at 56.60. The price action has twisted with a couple of short-term and long-term MAs. The commodity may fall lower given the fact that RSI has fallen below the central line.

Trade suggestion

Buy Digital Put Option from 56.90 to 56.60 valid until 20:00 GMT December 30, 2016



COFFEE



Fig: Coffee H1 Technical Chart

Coffee pulled back from the support at 61.8% Fibonacci level after failing to break out of the long-term 50-hour moving average. The commodity price now faces the dynamic resistance again and is expected to cross over this stance to surge higher, as RSI index indicates an overwhelming bullish force in the market.

Trade suggestion

Buy Digital Call Option from 137.00 to 138.80 valid until 20:00 GMT December 30, 2016

 

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.07300
Till 1.07000

Sell Option Digital
Direction Put
Expiry GMT 21:00 30/12/2016