Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Daily Report on January 03, 2017 by Option Banque


Daily Report on January 03, 2017



Asian shares started the new year with a positive note on Tuesday, buoyed by confidence stemming from European equities which surged to the highest in a year on Monday. All of Asia's major markets along with Britain and Switzerland in Europe and the U.S. and Canada closed for the New Year holiday yesterday, leaving trade in other parts of the euro zone thin and volatile. Germany's DAX gained 0.9 percent to its highest in nearly 17 months while France's CAC soared 0.5 percent to a 13-month peak.

Solid factory growth in China and Europe gave the global manufacturing sector a fresh boost at the start of 2017. Data from a private business survey showed China's factory activity rose more than expected last month. Thanks to accelerating demand and soaring output, the Caixin/Markit Manufacturing Purchasing Managers' index (PMI) picked up in December, rising to 51.9, from 50.9 in the previous month. The reading hit the strongest level since January 2013.

MSCI's broadest index of Asia-Pacific shares outside Japan jumped rose 0.4 percent after finishing 2016 3.7 percent higher, recording its best year in four. Japanese market remained closed for an extended New Year holiday. The best performers in the region are Australian shares which saw the S&P/ASX 200 Index added 1.2 percent, advancing for the third time in four trading days. Hong Kong's Hang Seng and China’s CSI 300 index and the Shanghai Composite were all higher.

The People's bank of China (PBOC) on Tuesday nearly doubled the number of foreign currencies in a basket used to set the renminbi's value. From the first trading day of 2017, the central bank increased the number of currencies in the CFETS basket to 24 from 13, in an attempt to make the yuan index less influenced by moves in the U.S. dollar. After this change, the nominal dollar weighting in the new basket is reduced by 4 percent.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has breached the resistance at 144.500 level after moving sideways around this handle since last Friday. The price action has crossed over the moving averages, suggesting a reversal into a new uptrend. The RSI and ADX is soaring, not to mention a wide gap between the +DI and –DI line. The pair may soar higher to attempt another resistance at 145.500.

Trade suggestion

Buy Digital Call Option from 144.900 to 145.500 valid until 20:00 GMT January 03, 2017



USDJPY



Fig: USDJPY H4 Technical Chart

The pair USDJPY has broken out of a thin trading range to witness a strong up move in the first trading day of the new year. Buyers are supporting the dollar to break the 117.800 level again. Both indicators are confirming the strong bullish force which is dominating in the market. The pair is expected to retest the high at 118.600.

Trade suggestion

Buy Digital Call Option from 118.000 to 118.600 valid until 20:00 GMT January 03, 2017



WTI



Fig: WTI H4 Technical Chart

Although the crude price has been trading in a thin range around the key level 54.00, it has been supported by a couple of moving average. Indeed, the U.S. oil price pulled back after hitting the short-term MA20 at 53.89. RSI continued to edging higher, supporting further advances.

Trade suggestion

Buy Digital Call Option from 54.30 to 55.00 valid until 20:00 GMT January 03, 2017



CAC40 Index



Fig: CAC40 Index H4 Technical Chart

France’s CAC40 index opened Tuesday session with a gap up, extending its strong gains to the second day. The stock benchmark ended 10 days of trading in a thin range, sending the market into a fresh uptrend. The ADX index has soared above 20, confirming the upmove. A soaring RSI and a divergence between the +DI and –DI lines also indicate overwhelming buyers in the market.

Trade suggestion

Buy Digital Call Option from 4905.00 to 4945.00 valid until 20:00 GMT January 03, 2017

 

[Option_Banque]

Oil Trade Idea by Option Banque

Expectations Over A Tighter Crude Market Propel Brent To 18-Month Highs

Crude oil prices took off in the first trading day of 2017 on hopes that an output-cut deal between OPEC and non-OPEC oil producers will deplete a global supply glut. Oil futures markets were closed on Monday for New Year public holidays.

International benchmark Brent soared more than 2 percent to hit a 18-month high at $58.35 per barrel before retreating to around $58.07 per barrel at 11:00 GMT.

The agreement, which witnesses the Organization of the Petroleum Exporting Countries and other exporters led by Russia to collectively reduce output by almost 1.8 million barrels per day (bpd), kicked in on Sunday, Jan.1. Markets are waiting to see whether those producers stick to their part of the deal.

Trade suggestion
Buy Digital Call Option from 58.10 to 58.30 valid until 20:00 GMT January 03rd, 2017

 

[Option_Banque]

EUR/AUD signal by Option Banque

From 1.43750
Till 1.43300

Option Digital
Direction Put
Expiry GMT 21:00 04/01/2017

 

[Option_Banque]

USDJPY Trade Idea by Option Banque

Investor Appetite For Risky Assets Depresses Japanese Yen

The Japanese Yen lost ground to its American counterpart amidst bullish sentiment in the global stock markets. Meanwhile, the U.S. dollar has been supported by upbeat economic data.

The dollar index which gauges the strength of the greenback versus a basket of major currencies, added nearly 0.1% to 103.30 in Asian trading hours. The index has soared to as high as 103.82 yesterday following the release of the ISM manufacturing PMI which showed U.S. factory activity accelerated to a two-year high in December.

On the contrary, the Yen, which usually benefits from demand for safe-haven assets, struggled for traction as Asian shares including Japanese equities edged higher.

Trade suggestion
Buy Digital Call Option from 118.000 to 118.600 valid until 20:00 GMT January 04rd, 2017

 

[Option_Banque]

AUD/CHF signal by Option Banque

From 0.74500
Till 0.74800

Buy Option Digital
Direction Call
Expiry GMT 21:00 04/01/2017

 

[Option_Banque]

SP500 Trade Idea by Option Banque

Consumer Discretionary Fuels SP500 Higher, Fed’s Minutes Awaited

U.S. stocks rose ahead of the release of the Federal Reserve’s December meeting minutes on Wednesday. The benchmark S&P500 added 0.55% to 2270.35 with gains led by consumer discretionary stocks.

Investors are waiting for the Fed’s minutes for its latest meeting when it decided to raise rate for just the second time in a decade. As the central bank is expected to accelerate its rate-hike speed in 2017, markets will be scrutinizing the bank’s viewpoint about President-elect Donald Trump’s pledge of fiscal stimulus.

The S&P 500 witnessed 9 out of 11 sectors trading higher, with consumer discretionary topping the market. While stocks of consumer discretionary contributed to a rise of 1.62%, telecommunications and energy were riding a decline.

Trade suggestion
Buy Digital Call Option from 2270.00 to 2277.00 valid until 20:00 GMT January 04rd, 2017

 

[Option_Banque]

Daily Report on January 04, 2017 by Option Banque

Daily Report on January 04, 2017



Asian stocks extended gains on Wednesday with Japanese equities ticking higher on the first trading day of 2017. Japan’s Topix index gained more than 2.4%, reaching the highest in more than a year while Nikkei 225 Stock Average also took off, rising 2.51% to settle at 19,594.16. Both two benchmarks recorded the best first day of trading since 2013.

Meanwhile, the Stoxx Europe 600 Index shed 0.2% to 365.04 as 11:20 GMT on Wednesday after closing at the highest level since Dec. 2015 on Tuesday. Banking shares were trading in a positive territory but failed to offset losses caused by retailers. Shares of Next PLC led declines, tumbling more than 11% after the U.K. fashion retailer cut its annual profit forecast and warned on a difficult year ahead.

On the data front, the European Union's statistics agency on Wednesday said its consumer prices rose at the fastest annual rate in more than three years last month. The pickup in the overall measure of the Eurozone’s inflation stemmed from a rise in energy charges, which sent the index to 1.1% higher in December from 0.6% in November. However, the core rate – which excludes prices of items such as energy and food – advanced only 0.9%, triggering caution for the European Central Bank that the sharp rise in inflation may be unstable.

Crude prices recovered from a big loss a day prior on expectations U.S. crude oil stockpiles will contract last week. The contract for Brent crude futures hit a fresh 18-month high in the previous session but could not sustain the bullish momentum and fell on the back of a strong dollar. The benchmark settled at $55.47 per barrel. U.S. West Texas Intermediate (WTI) crude futures were trading at $52.53 per barrel, not far from the last settlement. According to analysts polled by Reuters, weekly U.S. statistics on oil stocks due on Thursday are expected to show a 1.7 million barrel draw.



Technicals

AUDCAD

AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD failed to break above the 61.8% Fibonacci retracement at 0.97330 to reverse lower. The price action not only crossed over both the long-term and short-term moving averages but also breached the support at 0.96900. The pair is heading for a six-month low at 0.96000.

Trade suggestion

Buy Digital Put Option from 0.96600 to 0.96000 valid until 20:00 GMT January 04, 2017



NZDJPY



Fig: NZDJPY H1 Technical Chart

NZDJPY pulled back from the 50.0% Fibonacci support at 81.550 where it also faced the long-term MA50. Spurred by bullish sentiment from both the fixed and dynamic supports, the pair ticked higher, attempting to retest the resistance at 82.000. RSI has rebounded from the 50-line, confirming further advances.

Trade suggestion

Buy Digital Call Option from 81.600 to 82.000 valid until 20:00 GMT January 04, 2017



SILVER



Fig: SILVER H1 Technical Chart

Silver has been moving indecisively below the firm resistance at 16.450 level. As can be observed from recent candles, most of them have extremely thin bodies and long shadows, suggesting that the metal is struggling to find direction. However, silver has also been supported by the MAs and parabolic sar, which may send the price to the 61.8% Fib. level.

Trade suggestion

Buy Digital Call Option from 16.450 to 16.550 valid until 20:00 GMT January 04, 2017



COFFEE



Fig: Coffee H4 Technical Chart

Coffee has been riding a bull run since it rebounded from the 61.8% Fibonacci retracement at 135.65. The up moves has not only sent the price action above the long-term 50-period moving average but also brought the market into the bullish zone, as indicated by the RSI chart. The 50.0% level is within the sight.

Trade suggestion

Buy Digital Call Option from 141.00 to 144.00 valid until 20:00 GMT January 04, 2017

 

[Option_Banque]

Daily Report on January 05, 2017 by Option Banque

Daily Report on January 05, 2017



Asian shares advanced for an eighth consecutive day on Thursday, mirroring gains on Wall Street overnight. The MSCI Asia Pacific Index rose 0.8 percent to a three-week high with Australia and Hong Kong leading gains. The Hang Seng added 1.2%, looking set for the highest level since Dec. 14. While Australia’s S&P/ASX 200 Index gained 0.4 percent. On the contrary, Japan's Nikkei shed 0.3 percent as the yen edged up on the dollar.

The greenback fell after the minutes of the Dec. 13-14 meeting of the Federal Open Market Committee had been released in Washington on Wednesday. According to the minutes, almost all officials indicated that the prospects for fiscal stimulus under President-elect Trump’s administration could boost economic growth in the coming years. However, it still remained unchanged about “how such changes might alter the economic outlook”, the minutes said.

At the meeting, members highlighted the potential of higher inflation thanks to stronger economic growth and further increases in oil prices, which may require a more aggressive rate-hike path. Nonetheless, some officials stated that a stronger dollar could continue to offset rise in inflation. Most on the committee reiterated that a “gradual” pace of rate hikes over the coming years would likely remain appropriate.

Crude prices saw a rebound overnight following weekly data by American Petroleum Institute (API) that showed U.S. crude inventories fell 7.4 million barrels to 482.7 million in the week ended Dec. 30. The reading was far above analyst expectations for a decrease of 2.2 million barrels.

Elsewhere, China’s services sector was reported to accelerated to a 17-month high last month. The nation’s Markit/Caixin services purchasing managers' index (PMI) ticked higher to 53.4 in December on a seasonally adjusted basis from 53.1 in November, adding evidences to views that China is starting the new year with stronger momentum.



Technicals

EURCHF



Fig: EURCHF H4 Technical Chart

EURCHF extended its bull run after pulling back from the support at 1.06800. The price action has penetrated both the long-term and short-term MAs from below and is heading upwards to a strong resistance at 23.6% Fibonacci level. Coupled with the RSI index that is edging higher, parabolic sar which moving below the price action also supports further advances.

Trade suggestion

Buy Digital Call Option from 1.07350 to 1.07550 valid until 20:00 GMT January 05, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has fallen sharply to test the support at 142.500 and is expected to break below this level. The last time the pair failed to breach this handle is on December 29th when the market was on the verge of falling into the oversold zone. This time, there is room for further declines with RSI at 34.34. -DI line is soaring higher, signaling a strong bearish momentum.

Trade suggestion

Buy Digital Put Option from 142.500 to 141.000 valid until 20:00 GMT January 05, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver has been on an uptrend for three-straight trading days. Steady up moves have brought the price above the 61.8% Fibonacci level and sent the silver market into the overbought zone. As can be seen from the chart, the grey metal has fallen into a correction but chances for the rally to resume stay strong.

Trade suggestion

Buy Digital Call Option from 16.650 to 16.850 valid until 20:00 GMT January 05, 2017



DAX 30 Index



Fig: DAX 30 H1 Technical Chart

DAX 30 index rebounded from a firm support at 11540.00 which also prevented the price from falling further yesterday. The price action has move past the moving averages and is heading towards the resistance at 11650.00. RSI has crossed over the central line, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 11600.00 to 11650.00 valid until 20:00 GMT January 05, 2017

 

[Option_Banque]

NZD/USD signal by Option Banque

From 0.70000
Till 0.70500

Buy Option Digital
Direction Call
Expiry GMT 21:00 05/01/2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

U.K. Shares Give Up Their Rally, Dragged By Precious Metal Miners

U.K. shares retreated from a record settlement on Friday, weighed down by stocks of precious metals miners as gold trimmed this week rally. The FTSE 100 index fell 0.07% as of 08:00 GMT to 7190.12, looking set for the first negative close in the last nine sessions.

On Thursday, the benchmark witnessed the eight straight day of closing higher and the sixth consecutive record close, which is the longest streak since 1997.

Gold miners topped the list of fallers in Friday’s trading session in London. Shares of Fresnillo PLC saw the biggest decline in the market, dropping more than 2% while those of Randgold Resources Ltd. lost around 1.8%.This was due to the slide in gold price which edged 0.26% lower to trade at $1,176 an ounce.

Leading the risers is payments processor Worldpay and Lloyds Banking Group whose ratings were upgraded by Exane BNP Paribas and Barclays, respectively.

Trade suggestion
Buy Digital Put Option from 7185.00 to 7162.00 valid until 20:00 GMT January 06, 2017

 

[Option_Banque]

GBP/JPY signal by Option Banque

From 143.300
Till 142.500

Sell Option Digital
Direction Put
Expiry GMT 21:00 06/01/2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

U.K. Shares Give Up Their Rally, Dragged By Precious Metal Miners

U.K. shares retreated from a record settlement on Friday, weighed down by stocks of precious metals miners as gold trimmed this week rally. The FTSE 100 index fell 0.07% as of 08:00 GMT to 7190.12, looking set for the first negative close in the last nine sessions.

On Thursday, the benchmark witnessed the eight straight day of closing higher and the sixth consecutive record close, which is the longest streak since 1997.
Gold miners topped the list of fallers in Friday’s trading session in London. Shares of Fresnillo PLC saw the biggest decline in the market, dropping more than 2% while those of Randgold Resources Ltd. lost around 1.8%.This was due to the slide in gold price which edged 0.26% lower to trade at $1,176 an ounce.

Leading the risers is payments processor Worldpay and Lloyds Banking Group whose ratings were upgraded by Exane BNP Paribas and Barclays, respectively.

Trade suggestion
Buy Digital Put Option from 7185.00 to 7162.00 valid until 20:00 GMT January 06, 2017

 

[Option_Banque]

Dow Jones Trade Idea by Option Banque

Upbeat NFP Pushes Dow Jones To 20,000 Threshold

U.S. shares turned higher on Friday following a December U.S. jobs report that was interpreted as generally positive. The benchmark Dow Jones Industrial Average inched closer to the psychologically important 20,000 level.

According to monthly data from the U.S. Bureau of Labor Statistics, the economy added 156,000 jobs last month. Although the heading figure was much below the consensus of 180,000 jobs forecast by the economists, the reading for November was revised sharply upwards.

In addition, worker pay rose at the fastest pace since the Great Recession at the rate of 0.4% in December. Annual gain in 2016 jumped to 2.9% – the fastest increase since a recovery that began in mid-2009. Meanwhile, the unemployment rate climbed to 4.7% from 4.6% as more people entered the labor force in search of work.

Trade suggestion
Buy Digital Call Option from 19990.00 to 20050.00 valid until 20:00 GMT January 06, 2017

 

[Option_Banque]

Daily Report on January 09, 2017 by Option Banque

Daily Report on January 09, 2017



European stocks were mixed on Monday with U.K. shares advancing higher while German and broader European equities falling. Meanwhile, U.S. equity futures pointed to a positive territory as gains in most Asian markets helped fuel the bullish sentiment. Markets in Japan were closed for a holiday.

The Stoxx Europe 600 lost 0.41% to 363.85, with Lufthansa’s stock LHA topping the list of fallers. The German airline’s shares dropped more than 5% after it stated late Friday that fuel costs will rise this year. The company failed to provide an earnings forecast for 2017. Germany’s DAX 30 DAX shed 0.36% to 11556.14 and France’s CAC 40 slipped 0.56% to 4882.46.

Only the U.K.’s FTSE 100 was on a rise. The equity benchmark rose 0.22% to 7,227.25 as the pound fell following comments from Prime Minister Theresa May that signaled a “hard Brexit.” Sterling extended its decline from Friday. Britain’s Prime Minister Theresa May in an interview with Sky News on Sunday said that negotiations on Brexit will be about “getting the right relationship, not about keeping bits of membership.

The dollar strengthened as demand for the greenback was spurred by the latest non-farm payrolls which stoked optimism over the world’s largest economy’s growth and inflation moving towards the central bank’s 2% target. Data released last Friday showed the U.S. added 156,000 jobs in December and revised November’s reading sharply higher. More people attended the labour market and wage rose at a considerable rate, said the report.

Elsewhere, the offshore yuan witnessed its biggest two-day drop since June. The exchange rate fell another 0.6 percent on Monday, extending a 0.9 percent drop on Friday that was the biggest in a year. According to the People’s Bank of China, China’s foreign currency holdings fell for a sixth month in December. Due to the PBOC’s efforts to prop up the local currency, Chinese reserves plunged by $41.1 billion to a fresh five-year low of $3.01 trillion last month, sending last year’s drop to $320 billion.



Technicals

USDZAR



Fig: USDZAR H4 Technical Chart

USDZAR was on track to complete a double-bottom pattern after it rebounded from the 38.2% Fibonacci level. This is a strong support as it has prevented the pair from falling lower since mid-December, 2016. The price action has not only been able to cross over both short-term and long-term MAs but also did breach the resistance formed by connecting lower highs. The pair is expected to retest the resistance at 13.83700.

Trade suggestion

Buy Digital Call Option from 13.77500 to 13.83700 valid until 20:00 GMT January 09, 2017



EURCAD



Fig: EURCAD H4 Technical Chart

EURCAD has been moving sideways following a steep drop last Friday. The pair has been under downward pressure exerted by the short-term 20-period moving average. Sellers still dominated in the market, as suggested by the RSI indicator index that is under 50.

Trade suggestion

Buy Digital Put Option from 1.39300 to 1.38800 valid until 20:00 GMT January 09, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold remained above the 61.8% Fibonacci retracement with the support from the short-term MA20. As can be observed from the RSI and stochastic charts, both indicators are pointing to overwhelming bullish force in the market. Gold may retest the resistance at 1185.00.

Trade suggestion

Buy Digital Call Option from 1178.00 to 1185.00 valid until 20:00 GMT January 09, 2017



CAC40 Index



Fig: CAC40 Index H1 Technical Chart

CAC 40 index plunged steeply from one-week high at 4924.90. The downward rally sent the price back to a support at around 4875.00 and brought the market into the bearish territory, as indicated by the RSI chart. In the event of continual decline, the index may retest the support at 4855.00.

Trade suggestion

Buy Digital Put Option from 4875.00 to 4855.00 valid until 20:00 GMT January 09, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

Sterling On A Slump Lifts U.K. Shares To Another Record

U.K. shares were set for the tenth advancing session in a row and another settlement record on Monday with gains led by miners and a weakening pound.
The benchmark FTSE 100 jumped to as high as 7,239.00 in early trade then retreated. However, the index remained near all-time record. Thanks to the decline in Sterling following comments from Prime Minister Theresa May that signaled a “hard Brexit” in an interview with Sky News on Sunday, mining stocks were the biggest gainers.

A weaker pound can help lift U.K. stocks as it tends to prop up these companies’ international revenue and profit outside of Britain when they are converted to sterling. Anglo American PLC added 1.94% while Glencore PLC gained 2.01%.

Shares of Antofagasta PLC and BHP Billiton PLC rose 1.22% and 1.46%, respectively.

Trade suggestion
Buy Digital Call Option from 7228.00 to 7240.00 valid until 20:00 GMT January 09, 2017

 

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.66700
Till 1.66000

Option Digital
Direction Put
Expiry GMT 21:00 09/01/2017

 

[Option_Banque]

Daily Report on January 10, 2017 by Option Banque

Daily Report on January 10, 2017



Asian shares were mixed on Tuesday. The MSCI Asia Pacific Index rose 0.4%, led by gains in Hong Kong’s Hang Seng Index which added 0.5 percent. Equities in New Zealand and Singapore rose while stock benchmarks such as Australia’s S&P/ASX 200 Index, Korea’s Kospi index and Shanghai Composite Index were in red. Japan’s Topix also dropped on the back of a strengthening yen. The stock index lost 0.6%, after paring an earlier loss during the Asian morning trading session.

Crude price were struggling for direction ahead of European trading hours after losing nearly 4% on Monday. Expectations over output cuts planned by some members of the Organization of the Petroleum Exporting Countries (OPEC) and other producers such as Russia eased worries about rising oil rigs in the U.S., which was reported to have advanced for 10 weeks in a row.

According to the National Statistics Bureau on Tuesday, China's producer prices rose much better than expected last month. Led by prices of coal and other raw materials, the country’s prices of coal and other raw materials surged 5.5% in December from a year earlier. The headline reading reached a 3.3 percent increase, soaring past both expectations of a 4.5% gain and November’s result of a 3.3% increase.

Meanwhile, consumer prices remained subdued. Consumer inflation rose only 2.1 percent on a yearly basis, weighed down by food prices that rose at a more modest pace. The government research institute, the China Academy of Social Sciences (CASS), forecast a growth of 2.2 percent in CPI and an increase of 1.6 percent in PPI in 2017. This is good news for the country as for 2016, CPI rose 2.0 percent while PPI slid 1.4 percent.

In Australia, retail sales rose 0.2% in November compared to the previous month, as stated by the Australian Bureau of Statistics. The figure rose much less than economist’s expectation calling for a 0.4% rise.



Technicals

NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY has been on a decline with the price action crossing over a couple of moving averages from above. RSI has fallen below the 50 line, signaling strengthening sellers in the market. The pair may test the support at 80.800.

Trade suggestion

Buy Digital Put Option from 81.100 to 80.800 valid until 20:00 GMT January 10, 2017



USDMXN



Fig: USDMXN H4 Technical Chart

USDMXN extended its up moves after pulling back from as low as 21.21100. The pair has been supported by the short-term 20-period MA20 and is likely to attempt the all-time record high at 21.60000. While RSI is surging to the overbought zone, ADX index is edging higher with wide gap between the +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 21.50000 to 21.60000 valid until 20:00 GMT January 10, 2017



AUDJPY



Fig: AUDJPY H4 Technical Chart

AUDJPT rebounded from the slopping uptrend line which has been formed by higher lows. Long lower shadows in recent candles also indicate strong bullish force that helped prevent the price from falling lower. RSI pulled back from the central line, indicating overwhelmingly dominating buyers.

Trade suggestion

Buy Digital Call Option from 85.400 to 85.900 valid until 20:00 GMT January 10, 2017



COFFEE



Fig: Coffee H4 Technical Chart

Coffee price once again moved past the 50.0% Fibonacci retracement. The commodity reversed higher after a correction. The short-term MA20 has penetrated the long-term MA50 from below, suggesting further advance. As can be seen from the stochastic chart, the %K line has crossed over the %D line, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 145.00 to 147.50 valid until 20:00 GMT January 10, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

From 0.87300
Till 0.87800

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/01/2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Takes Off To Multi-Week High Ahead Of Trump’s Press Conference

Gold futures poked to a six-week high on Tuesday in the wake of a weaker U.S. dollar and uncertainty in the markets ahead of President-elect Donald Trump’s first press conference since July.

Markets will be closely watching Trump’s first official news conference since his last on held July 27 for spending plans under the new administration. The dollar index, a measure of the dollar against six rival currencies, slipped 0.15% to 101.68 on Tuesday, lifting the precious metal to their highest level since November 29, 2016.

Gold for February delivery added 0.26% to trade at $1188.00 an ounce. Prices had touched an intra-day high above $1,190.

Trade suggestion
Buy Digital Call Option from 1188.00 to 1195.00 valid until 20:00 GMT January 10, 2017

 

[Option_Banque]

Dow Jones Trade Idea by Option Banque

Dow Pares Gains, Trump’s Press Conference Tempers Trading Enthusiasm

U.S. equities turned higher on Tuesday with major benchmarks trading near record levels. The Dow Jones Industrial Average hit an intra-day high at 19.957 before retreating to 19.912, up 0.13% compared to the open price.

Investors are awaiting a news conference from President-elect Donald Trump set for Wednesday and corporate earnings season. American Express Co. and Caterpillar Inc led gainers. The former gained 2.19% while the latter was up 1.97%.
Goldman Sachs Group was the biggest faller of the index as the bank was downgraded to “sell” citing valuation by Citigroup. The downgrade sent Goldman Sachs’s stock down as much as 1.6 percent. Large U.S. banks are due to start reporting fourth-quarter results on Friday. This is their first quarterly earnings reports since the election in November and the Federal Reserve’s rate hike in December.

Trade suggestion
Buy Digital Put Option from 1990.00 to 19840.00 valid until 20:00 GMT January 11, 2017