Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Daily Report on January 11, 2017 by Option Banque

Daily Report on January 11, 2017



Asian shares surged to two-month highs while European equities opened flat on Wednesday ahead of President-elect Donald Trump's news conference later in the day. Investors will be looking for clues on policies on taxes, fiscal spending, international trade and currencies under the new administration as Trump's election campaign has already called for tax cuts and more infrastructure spending, which helped boosted U.S. shares and the dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5%, led by South Korean shares that hit a 1-1/2-year peak. The gains in Kospi Index in Seoul were thanks to Samsung Electronic - Asia's biggest company by market cap whose shares were spurred by solid earnings published last week. Meanwhile, Japanese benchmarks edged higher, curbing three days of losses.

Australia’s S&P/ASX 200 Index and New Zealand’ S&P/NZX 50 Index rose on the back of strong miners and technology shares. Hong Kong’s Hang Seng Composite Index looked set for a 10th day of gains and the longest winning run since 2012 with a 0.5% rise.

Crude prices recovered from more than one-month lows recorded Tuesday. Oil slumped further after the American Petroleum Institution late Tuesday reported that U.S. crude supplies added 1.5 million barrels for the week ended Jan. 6. The U.S. Energy Information Administration (EIA), which is scheduled to release its latest figures on Wednesday, stated that American crude production would rise by 110,000 barrels per day (bpd) to 9 million bpd in 2017.

The up moves on Wednesday came amidst mounting reports of Saudi supply cuts. Saudi Arabia, the world's top oil exporter, was reported to cut crude supplies slightly from contracted volumes in February, including to India and Malaysia.



Technicals

EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD has breached the major support at 1.43000 after two days of declines. The pair continued to be under downward pressure from the short-term MA20 and is heading towards another support at 1.42200. RSI has nearly reached the oversold territory while ADX is soaring with a wide gap between +DI and –DI lines.

Trade suggestion

Buy Digital Put Option from 1.42800 to 1.42200 valid until 20:00 GMT January 11, 2017



AUDUSD



Fig: AUDUSD H4 Technical Chart

After a period of moving sideways, AUDUSD finally broke out of the range and ticked higher. The pair has been supported by the short-term 20-period moving average which may send the pair to the resistance at 0.74250. The level prevented the price from surging higher nearly one month ago.

Trade suggestion

Buy Digital Call Option from 0.73850 to 0.74250 valid until 20:00 GMT January 11, 2017



BRENT



Fig: BRENT H4 Technical Chart

As indicated by the RSI indicator chart, Brent crude fell into the oversold market yesterday after a steep decline and is struggling to find the way back. The commodity recovered from as low as 53.57 due to a correction and is expected to retest the resistance at 54.35.

Trade suggestion

Buy Digital Call Option from 53.90 to 54.35 valid until 20:00 GMT January 11, 2017



CAC40 Index



Fig: CAC40 Index H4 Technical Chart

CAC 40 index has been on a sharp down move which helped bring the price action below both the short-term and long-term moving averages. The index was trapped between two MAs before breaking lower the long-term MA50 which may indicate a reversal into a downtrend. The support at 4825.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 4855.00 to 4825.00 valid until 20:00 GMT January 11, 2017

 

[Option_Banque]

DAX30 Trade Idea by Option Banque

Germany’s DAX 30 Index Shrugs Off Early Losses To Tick Higher

Germany’s shares reversed higher on Wednesday, paring losses in early trading hours to trade at the highest level since Monday. The advances were supported by automotive manufacturing companies.

The DAX 30 index was up 0.18% at 11,606.40 at 1:00 PM GMT after opening lower. German car maker Volkswagen AG topped the index after the company confirmed that it has agreed to pay $4.3 billion in penalties to the U.S. Justice Department and Customs to settle charges that it used special software to cheat on diesel emissions tests.

Electric utilities company RWE and power and gas company EON also contributed largely to the gains. Shares of RWE rose 3.51% while those of EON surged 3.14%.
Out of 30 companies making up the benchmark, gainers outweighed losers by 18 to 12.

Trade suggestion
Buy Digital Call Option from 11620.00 to 11650.00 valid until 20:00 GMT January 11, 2017

 

[Option_Banque]

USD/JPY signal by Option Banque

From 115.800
Till 115.300

Option Digital
Direction Put
Expiry GMT 21:00 11/01/2017

 

[Option_Banque]

Daily Report on January 12, 2017 by Option Banque

Daily Report on January 12, 2017



The U.S. dollar slipped on Thursday, as President-elect Donald Trump's highly-awaited news conference contained no details on tax cuts and infrastructure spending. Trump, who takes office on Jan. 20, failed to offer details on those two factors that had fuelled the five-week rally in stocks and dollar, and instead took aim at pharmaceutical companies and U.S. intelligence agencies in his first news conference since the Nov. 8 election.

As a result, the dollar index, which tracks the U.S. currency against a basket of six major counterparts, slipped 0.63 percent to 101.08 in early European trading hours. The benchmark had risen to a one-week high on Wednesday, ahead of Trump's news conference. The greenback fell to as low as 114.047 yen, its lowest since Dec. 9, down more than 1% on the day.

Trump did not mention possible tariffs against Chinese exports as well, which is considered a relief for Asian share markets that concerned the outbreak of a global trade war. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.6 percent to its highest since late October. Shanghai stocks edged up 0.2 percent while Japan's Nikkei slipped 0.9 percent as the yen climbed on a retreating dollar.

According to NDRC spokesman Zhao Chenxi on Thursday, China approved 227 projects worth 1.704 trillion yuan ($246.55 billion) in 2016. In December only, the country’s National Development and Reform Commission (NDRC) approved 23 fixed-asset projects worth 184.0 billion yuan. China will invest 1.2 trillion yuan ($173.57 billion) between 2016 and 2018 in a three-year action plan to develop information infrastructure.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

As can be seen from the price chart, USDJPY has breached the 61.8% Fibonacci retracement at 114.105. As the market has entered the oversold zone, the decline is expected to be short-lived. However, the –DI is soaring strongly, suggesting that the pair can attempt the support at 113.200 – the lowest level since December 08, 2016.

Trade suggestion

Buy Digital Put Option from 113.900 to 113.200 valid until 20:00 GMT January 12, 2017



NZDUSD


Fig: NZDUSD H4 Technical Chart

NZDUSD retreated from a one-month high at 0.71200 as the sharp rally had sent the market into the overbought one. The pair is expected to fall into a correction before resume its up moves. A surging ADX index with a divergence between the +DI and –DI lines show a strong bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 0.71200 to 0.71600 valid until 20:00 GMT January 12, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. light sweet crude price pulled back after hitting the short-term MA20 at 52.13. The commodity is swinging back and forth around the key level at 52.30. The dynamic resistance – long-term MA50 is within the sight. RSI moving past 50 line indicates further advances.

Trade suggestion

Buy Digital Call Option from 52.50 to 53.00 valid until 20:00 GMT January 12, 2017



EURO 50 Index



Fig: EURO 50 Index H1 Technical Chart

Euro 50 index opened today’s session with a wide gap down and kept falling lower to retest yesterday’s low at around 3283.40. Two latest bearish candles have no upper shadows, showing strong sellers in the market. RSI index which returned to the bearish zone also confirms further declines.

Trade suggestion

Buy Digital Put Option from 3285.00 to 3270.00 valid until 20:00 GMT January 12, 2017

 

[Option_Banque]

USD/CAD signal by Option Banque

USD/CAD signal by Option Banque

From 1.31200
Till 1.30800

Option Digital
Direction Put
Expiry GMT 21:00 12/01/2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

EUR/GBP signal by Option Banque

From 0.87400
Till 0.88000

Buy Option Digital
Direction Call
Expiry GMT 21:00 13/01/2017

 

[Option_Banque]

Daily Report on January 13, 2017 by Option Banque

Daily Report on January 13, 2017



While Asian stocks slipped after rising to its highest levels since late October in the previous session, European and U.S. stocks looked to finish this week higher on Friday. The Stoxx Euro 600 Index rebounded from its biggest drop since the end of November recorded on Thursday. Market sentiment was supported by remarks of Federal Reserve Chair Janet Yellen reiterating that the U.S. economy is doing well.

Investors were looking to earnings reports from U.S. big banks including JP Morgan Chase, Bank of America Merrill Lynch and Wells Fargo later in the day. Report on U.S. holiday-season retail sales will also be published by the Census Bureau before the U.S. session opens.

Meanwhile, the U.S. dollar was on track for its biggest weekly fall in two months as investors continued to assess whether market moves since the U.S. election have gone too far. The U.S. currency touched the lowest point in almost a month on Thursday. Gold increased on the back of a weak dollar. The precious metal rose for a fifth day, trading near the highest price in almost two months.

The Shanghai Composite Index slipped to its lowest level of the year on Friday following data showed China’s overseas shipments remained subdued. The world's largest trading nation witnessed exports fall 7.7 percent and imports slide 5.5 percent in 2016. Chinese exports dropped for the second year in a row and the most since the depths of the global crisis in 2009.

According to the country's customs agency, it will be tough for foreign trade to improve this year due to potential political changes in the U.S. under Trump’s administration which may result greater protectionist measures. China imported record amounts of crude oil, iron ore, copper and soybeans, especially coal used for heating and in steelmaking in 2016.

Oil futures prices fell on Friday even data showed China imported 8.56 million barrels of crude oil per day (bpd) in December. There are mounting concerns over rising U.S. shale output and increasing supply from OPEC members Nigeria and Libya which might offset any reductions from an output-cut deal signed between OPEC and non-OPEC members.



Technicals

NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY pulled back after failing to breach the 50.0% Fibonacci retracement. The pair extended its rally following a correction as investors took profit from the highest level since January 03rd. Bullish momentum is expected to push the pair as high as 82.000.

Trade suggestion

Buy Digital Call Option from 81.700 to 82.000 valid until 20:00 GMT January 13, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold rebounded from short-term MA20 at 1191.95. The dynamic support has helped the precious metal to pull back higher for two weeks. The market remained in the bullish zone which may fuel the price to as high as 23.6% Fibonacci resistance.

Trade suggestion

Buy Digital Call Option from 1198.00 to 1207.00 valid until 20:00 GMT January 13, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. crude price has been trapped in a slopping downward trading range. The commodity fell sharply to the support at 52.30 after struggling for direction around the upper boundary formed by lower highs. RSI has moved past the 50 line, suggesting an overwhelming bearish force in the market, but the short-term MA20 is within the sight.

Trade suggestion

Buy Digital Call Option from 52.00 to 52.70 valid until 20:00 GMT January 13, 2017



DAX 30 Index



Fig: DAX 30 Index H4 Technical Chart

German Dax 30 index is facing the long-term MA50 which has retrained the price’s rally before. In the event of continual up moves, the benchmark is expected to surge as high as 11650.00. RSI index has moved past the central line, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 11600.00 to 11650.00 valid until 20:00 GMT January 13, 2017

 

[Option_Banque]

EUR/AUD signal by Option Banque

From 1.41600
Till 1.41000

Option Digital
Direction Put
Expiry GMT 21:00 13/01/2017

 

[Option_Banque]

Daily Report on January 16, 2017 by Option Banque

Daily Report on January 16, 2017



European equities were lower in early trade on Monday, dragged down by banking and auto shares. Meanwhile, weakness in the pound helped Britain's FTSE rise to a fresh record high. The Stoxx Europe 600 Index fell 0.6 percent, adding to a 0.3% decrease in the MSCI All-Country World Index.

In Asia, Japanese shares lost ground on the back of a strengthening Yen with Topix index slipping 0.9 percent, while the Nikkei 225 Stock Average erasing its gains for 2017. Shanghai Composite fell 0.3 percent after paring a loss of as much as 2.2% and Hong Kong’s Hang Seng gauge lost 1%, weighed down by China’s Shenzhen Composite Index which tumbled as much as 6.1 percent.

Stocks in China’s second-largest equity market scored the biggest loss since Feb. 29, showing the increasing fragility of the nation’s financial assets. There are mounting concerns that regulators will accelerate the pace of initial public offerings which is already at a 19-year high. This will divert liquidity from existing shares.

Sterling dropped to as low as $1.1986 – an all-time record low level amidst mounting concerns that U.K. Prime Minister Theresa May will emphasize that she priorities curbing immigration and striking commercial deals with other countries over preserving tariff-free trade with the region. Although the U.K. Treasury was reported to plan to calm investors after May’s speech and the Times of London reported Donald Trump would offer a quick trade deal to Britain when he assumes power, the sterling is expected to remain under pressure until May has delivered her speech on Tuesday.

Crude futures edged lower on Monday, driven mainly by a stronger U.S. dollar while investors are nervously awaiting reports on major global producers’ output. U.S. markets are closed on Monday for Martin Luther King Jr. Day; therefore, the release of U.S. oil output and inventory for the week ending Jan. 13 will be delayed one day to Thursday. Before that, market participants will pay attention to the monthly production data released by OPEC on Wednesday.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY is trading around the 61.8% Fibonacci level at 114.100. The pair is under downward pressure created by two moving averages but at the same time is supported by the 61.8% Fib. handle. The dollar had tried to break below this stance last week and the market fell into a correction. Now bears have come back and may push the pair lower. The support at 113.200 is within the sight.

Trade suggestion

Buy Digital Put Option from 114.000 to 113.200 valid until 20:00 GMT January 16, 2017



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD has been weighed down by a couple of moving averages. The currency pair reversed lower from the key resistance at 1.40000 and is heading downwards to the support at 1.38800. RSI index remains under 50 line, indicating an overwhelmingly dominating sellers in the market.

Trade suggestion

Buy Digital Put Option from 1.39000 to 1.38600 valid until 20:00 GMT January 16, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been locked in a slopping downward trading range but is supported by the level 55.30. The commodity is trading near the upper boundary, and if the pair could not break out of this range, a decline to as low as 54.35 is possible.

Trade suggestion

Buy Digital Put Option from 55.30 to 54.35 valid until 20:00 GMT January 16, 2017



DAX 30 Index



Fig: DAX 30 Index H1 Technical Chart

Dax 30 index opened the market with a gap down, which brought the price action below both the short-term and long-term moving averages. That suggested the bearish force is dominating in the market and may send the benchmark to the support at 11540.00. If this level is broken, another support at 11500.00 may be tested.

Trade suggestion

Buy Digital Put Option from 11540.00 to 11500.00 valid until 20:00 GMT January 16, 2017

 

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Slips As Investors Await Reports On Major Producers’ Production

Crude futures edged lower on Monday, driven mainly by a stronger U.S. dollar while investors are nervously awaiting reports on major global producers’ output.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February dropped more than 0.3% to trade at $52.15 per barrel in the Globex electronic session. U.S. markets are closed on Monday for Martin Luther King Jr. Day; therefore, the release of U.S. oil output and inventory for the week ending Jan. 13 will be delayed one day to Thursday.

Before that, market participants will pay attention to the monthly production data released by OPEC on Wednesday.

Last week, the U.S. Department of Energy stated that the nation’s oil production would likely rise to an average of 9.3 million barrels a day by next year. Meanwhile, Goldman Sachs forecasts U.S. oil production will increase by 235,000 barrels a day year-over-year in 2017 given rising oil rigs in the country.

The dollar index, which compares the dollar to a basket of currencies, added 0.15% to trade near 101.60. As crude oil is traded in U.S. dollars, a firmer dollar means cheaper prices for foreign traders.

Trade suggestion
Buy Digital Put Option from 52.20 to 51.70 valid until 20:00 GMT January 16, 2017

 

[Option_Banque]

GBP/CHF signal by Option Banque

From 1.21400
Till 1.21000

Sell Option Digital
Direction Put
Expiry GMT 21:00 16/01/2017

 

[Option_Banque]

Daily Report on January 17, 2017 by Option Banque

Daily Report on January 17, 2017



Global stocks were broadly weaker on Tuesday as investors as investors waited for British Prime Minister Theresa May’s speech later on the day. PM May will lay out plans to exit the European Union amid fears Britain will lose access to the single market. In Asia, Japan's Nikkei .N225 dropped 1.5%, brushing a five-week low while Australia and Shanghai also suffered losses.

European shares opened lower and remained in a negative zone. Stoxx Europe 600 lost 0.46% at 361.43, and Germany's DAX slipped 0.65% to 14,479.38. France's CAC 40 and U.K.'s FTSE 100 shed 0.56% and 0.42%, respectively. U.S. market will reopen after a holiday on Monday. Futures on the S&P 500 Index slid 0.4 percent, weighed by heightened risk aversion stemming from Brexit and uncertainty over Trump's plans.

According to excerpts of a speech released by her office on Monday, Prime Minister Theresa May is set to declare Tuesday that the U.K. wants a clean break from the European Union. This means Britain will not seek a Brexit deal that leaves it “partial membership” in the EU “or anything that leaves us half-in, half-out,”, but a “hard” deal that may witness the U.K. leave the EU's single market. May has been reiterating that one of her priorities in upcoming divorce talks with the bloc is regaining full control of Britain's borders.

Safe-havens such as the yen, gold and Treasuries gained in turn. Gold for February delivery rose 1.47% to as high as $1213.18 an ounce, trading at levels not seen since November 23, 2016. Meanwhile, Japanese Yen extended its gains to a seventh consecutive trading day. The pair USDJPY plunged nearly 1% to trade at 113.0780.



Technicals

NZDUSD



Fig: NZDUSD H4 Technical Chart

Supported by the short-term MA20, the currency pair NZDUSD broke out of an indecisive trading mood to edge higher on Tuesday. The pair has also breached the 23.6% Fibonacci level at 0.71622 and is heading upwards the highest level since mid-December.

Trade suggestion

Buy Digital Call Option from 0.71800 to 0.72300 valid until 20:00 GMT January 17, 2017



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD plunged sharply from as high as 1.31887 to the support at 1.30500. The price action did break through the short-term MA20 but failed to resist the downward pressure from the long-term MA50. The support at 23.6% Fibonacci retracement is within the sight.

Trade suggestion

Buy Digital Put Option from 1.30500 to 1.29900 valid until 20:00 GMT January 17, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has made a break-out from a sloping downward trading range that connects lower lows and lower highs. The commodity took off to more than one-week high at 56.72 before retreating a little bit and struggling around the 56.60 resistance. Observing previous cycles, this is not a so strong handle. In the event of continual uptrend, Brent crude may test the level 57.30.

Trade suggestion

Buy Digital Call Option from 56.70 to 57.30 valid until 20:00 GMT January 17, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver remained in a steady up trend with the price moving towards the one-month high level at 17.200. The metal has consistently been fueled by two moving averages that are hanging below the price action. RSI index is soaring but has not yet reached the overbought zone, suggesting rooms for further advance.

Trade suggestion

Buy Digital Call Option from 17.050 to 17.200 valid until 20:00 GMT January 17, 2017

 

[Option_Banque]

UnitedHealth Trade Idea by Option Banque

UnitedHealth Reports Fourth-Quarter Results Top Forecasts

Shares of UnitedHealth Group Inc. rose 0.23% at 162.18 in premarket trading on Tuesday following the company’s report that showed a 56% increase in profit in the latest quarter.

The largest U.S. health care insurer reported net income of $1.90 billion, or $1.96 a share, compared with $1.22 billion, or $1.26, in the year-ago quarter. Excluding one-time items, UnitedHealth earned $2.11 a share, topping $1.40 a share reported one year ago.

UnitedHealth Group, which is the first health care insurer to report earnings, saw revenue rise 9% to $47.52 billion in December quarter – a level that beat analysts’ forecast of $47.26 billion.

Trade suggestion
Buy Digital Call Option from 162.20 to 164.00 valid until 20:00 GMT January 17, 2017

 

[Option_Banque]

USD/CHF signal by Option Banque

From 1.00500
Till 1.00000

Option Digital
Direction Put
Expiry GMT 21:00 17/01/2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

Sterling On Track For The Best One-Day Gain Following May’s Speech

Sterling surged steeply on Tuesday, on track for its best one-day gain against the dollar since 2008, after Prime Minister Theresa May said her country would leave the EU’s single market when it exits the European Union.

The currency pair GBPUSD hit 1.23970 – the highest level since January 06th even after PM May put an end to expectation that Britain may seek a “soft Brexit”. In a speech at London’s Lancaster House on Tuesday, the prime minister stated that she will try to achieve “the freest possible trade” with the EU while regaining the control of “the number of people who come to Britain from Europe”.

May said that she will reject the common external tariff which prevents Britain from negotiating separate trade deals with third countries and that both houses of parliament would have a vote on the final Brexit deal, expected in early 2019.

Trade suggestion
Buy Digital Call Option from 1.24000 to 1.24300 valid until 20:00 GMT January 17, 2017

 

[Option_Banque]

Daily Report on January 18, 2017 by Option Banque

Daily Report on January 18, 2017



European equities opened higher while Asian stock markets stabilized near three-month highs on Wednesday, pushed higher by Hong Kong and Chinese shares. The MSCI's ex-Japan Asia-Pacific shares index advanced 0.4 percent, just shy of a three-month high hit last Thursday. Hong Kong’s Hang Seng rose 1.2 percent and continued its run to the highest level since November. Meanwhile, Tokyo shares erased losses as yen retreated.

Gold and Japanese yen lost ground for the first time in eight trading session although the U.S. dollar remained weak. The greenback fell against most peers after president-elect Donald Trump told the Wall Street Journal that the dollar is “too strong” while China holds down its own currency. Chinese shares gained amid speculation of state efforts to ensure market stability during President Xi Jinping’s appearance at the World Economic Forum in Davos.

The pound witnessed its biggest daily advance against the dollar since the global financial crisis on Tuesday, after Prime Minister Theresa May said U.K. lawmakers will get a vote on the final deal for an exit from the trading bloc. In a highly anticipated speech on Tuesday, PM May planned out the government’s Brexit strategy which involves pulling out of the EU’s single market.

The U.S. Energy Information Administration on Tuesday said that U.S. shale production was set to snap a three-month decline in February. Due to the fact that energy firms have been boosting drilling activity with crude prices hovering near 18-month highs, February production is forecast to edge up 40,750 barrels per day (bpd) to 4.748 million bpd, marking the first month-on-month increase in production since October.

In New Zealand, overall prices in the latest Global Dairy Trade (GDT) auction rose for the first time in three auctions. The index gained 0.6% to $3,517 following a 3.9% decline in the first auction of 2017, broadly in line with consensus expectations of a slight improvement.



Technicals

AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD has been swinging back and forth around the 50.0% Fibonacci since Tuesday, despite support from short-term MA20. As indicated by RSI index, buyers are overwhelming in the market, which may help the pair break out of the current trading range to surge higher.

Trade suggestion

Buy Digital Call Option from 0.98800 to 0.99200 valid until 20:00 GMT January 18, 2017



EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD has fallen back below the support at 1.48500 after brief correction. The pair looks set to extend its downtrend with bearish force reigning in the market. While RSI is heading towards the oversold zone, ADX index is edging higher, suggesting strong sellers.

Trade suggestion

Buy Digital Put Option from 1.48300 to 1.47700 valid until 20:00 GMT January 18, 2017



WTI



Fig: WTI H4 Technical Chart

WTI crude prices have breached the support at 52.30 and also returned to the trading range formed by lower highs and lower lows. The price action has crossed over the moving averages from above, indicating a reversal into a down trend. The support at 51.50 is within the sight.

Trade suggestion

Buy Digital Put Option from 52.00 to 51.50 valid until 20:00 GMT January 18, 2017



EURO 50 Index



Fig: EURO 50 Index H4 Technical Chart

Euro 50 Index opened higher but soon pared all of its gains in early trade to head lower. It seems like the index failed to resist the resistance at 3300.00 and two MAs that are hanging above the price action. The stock benchmark may find its support at 3260.00.

Trade suggestion

Buy Digital Put Option from 3280.00 to 3260.00 valid until 20:00 GMT January 18, 2017

 

[Option_Banque]

NZD/USD signal by Option Banque

From 0.72200
Till 0.72600

Buy Option Digital
Direction Call
Expiry GMT 21:00 18/01/2017

 

[Option_Banque]

Daily Report on January 19, 2017 by Option Banque

Daily Report on January 19, 2017



European shares were struggling for direction in the early trade on Thursday, with investors taking a cautious stance ahead of the European Central Bank’s first policy meeting of the year and then President-elect Donald Trump’s inauguration scheduled for Friday. The dollar eased off its gains stemming from hawkish remarks from Federal Reserve Chairwoman Janet Yellen late Wednesday.

Markets are focusing on the ECB meeting in Frankfurt. The European central bank led by President Mario Draghi is expected to make no changes to its easing position and interest rates, after extending the run of quantitative easing in December. The rate decision is due at 12:45 p.m. London time, or 7:45 a.m. Eastern Time, followed by Draghi’s press conference at 1:30 p.m. GMT.

The U.S. dollar strengthened in Asian session. Speaking before the Commonwealth Club of California in San Francisco yesterday, Fed Chair Janet Yellen stated that the national economy has been near full employment with inflation heading toward the Federal Reserve's 2 percent goal. This "makes sense" for the U.S. central bank to reduce the level of monetary support gradually and lift interest rates “a few times a year” through 2019.

Crude price remained subdued; paring earlier gains achieved after the American Petroleum Institute late Wednesday reported a drop in U.S. crude supplies last week. The API data showed a decrease of 5 million barrels in U.S. crude supplies for the week ended Jan. 13. However, the report also indicated a jump of 9.8 million barrels in gasoline supplies and a rise of 1.2 million barrels in distillates. Supply data from the Energy Information Administration will be released later on the day.

Elsewhere, the Australian Bureau of Statistics on Thursday reported the number of people employed rose by 13,500, compared with an expected 10,000 increase. With participation rate rising to 64.7% in December from 64.6% in November, the jobless rate advanced for a second-straight month, hitting a higher-than-expected seasonally adjusted 5.8% in December, from 5.7% in November.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has breached above the 23.6% Fibonacci retracement and is struggling around the 141.400 – the level it has moved sideways before. Both the RSI and ADX index are soaring, suggesting a strong uptrend. A firm support at 142.500 can turn into a resistance for the pair.

Trade suggestion

Buy Digital Call Option from 141.500 to 142.500 valid until 20:00 GMT January 19, 2017



EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP reversed lower after a correction that took the pair to as high as 0.87066. However, the bull run failed to sustain its momentum and had to let the bear jump in. The short-term MA20 has crossed over the long-term MA50 from above, confirming the down move.

Trade suggestion

Buy Digital Put Option from 0.86500 to 0.86000 valid until 20:00 GMT January 19, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude is swinging around the 54.35 level. Latest candles with short bodies and long shadows (both upper and lower) indicate that the market is struggling for direction. Steep drop yesterday brought the price into a correction but buyers could not retain its strength. The short-term MA20 has converged with the MA50 from above, suggesting further down moves.

Trade suggestion

Buy Digital Put Option from 54.20 to 53.60 valid until 20:00 GMT January 19, 2017



SUGAR



Fig: Sugar H4 Technical Chart

Sugar has broken out of a narrow trading range, which is between the support at 20.50 and the 23.6% Fibonacci retracement, to surge strongly higher. The commodity also surpassed the highest level since November 15th and is heading to the resistance at 21.80. The %K line is taking lead ahead of the %D line.

Trade suggestion

Buy Digital Call Option from 21.30 to 21.80 valid until 20:00 GMT January 19, 2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

GBPUSD Turns Lower As Dollar Bull Fueled After Yellen’s Remarks

GBPUSD reversed lower on Thursday after three consecutive days of gain. The U.S. dollar strengthened thanks to hawkish remarks from Federal Reserve Chairwoman Janet Yellen late Wednesday.

Speaking before the Commonwealth Club of California in San Francisco yesterday, Fed Chair Janet Yellen stated that the national economy has been near full employment with inflation heading toward the Federal Reserve’s 2 percent goal. This “makes sense” for the U.S. central bank to reduce the level of monetary support gradually and lift interest rates “a few times a year” through 2019.

Investors are cautiously waiting for President-elect Donald Trump’s inauguration scheduled for Friday, especially after Trump’s recently comments that he favored a weaker dollar.

Trade suggestion
Buy Digital Put Option from 1.22500 to 1.22000 valid until 20:00 GMT January 19, 2017

 

[Option_Banque]

EUR/CAD signal by Option Banque

From 1.41600
Till 1.42000

Buy Option Digital
Direction Call
Expiry GMT 21:00 19/01/2017