Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Daily Report on January 20, 2017 by Option Banque

Daily Report on January 20, 2017



European shares were mixed with the Stoxx Europe 600 Index poised for its worst week since early December, as investors remained cautious before Donald Trump delivers his inauguration speech and takes office as the 45th president of the United States. Meanwhile, U.S. stock futures were little changed Friday, keeping the equity market on track for weekly losses.

The dollar pared losses in European session after having lost ground in Asian trading hours. The decline came from U.S. Federal Reserve Chairwoman Janet Yellen’s remarks that she saw no reason to rapidly raise interest rates. In a speech at the Stanford Institute for Economic Policy Research, Yellen stated that she was not worried about the surge in inflation and headwinds from both domestic and international economic might restrain overall U.S. growth over the medium term.

Chinese stocks witnessed the biggest daily gain in more than two weeks following the report on the country’s gross domestic product data. China’s GDP was reported to have accelerated for the first time in two years in the final quarter of 2016, at the pace of 6.8%. This was above a 6.7 percent median estimate in a Bloomberg survey.

Elsewhere, the U.K. Office for National Statistics said on Friday said national retail sales fell at the fastest pace in almost five years in December. As rising prices caused consumers to buy less, the volume of goods sold in stores and online fell 1.9 percent from November. That was the biggest drop since April 2012 and far exceeded the modest decline predicted by economists.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD rebounded from the support at 1.32800 to breach the 38.2% Fibonacci retracement once again. The pair looks set to surpass a two-week high at 1.33528 logged yesterday. The resistance at major threshold 1.34000 is within the sight. The RSI has reached the overbought zone, suggesting an upcoming correction.

Trade suggestion

Buy Digital Call Option from 1.33600 to 1.34000 valid until 20:00 GMT January 20, 2017



USDJPY



Fig: USDJPY H4 Technical Chart

Supported by the short-term 20-period moving average, the pair USDJPY pulled back to retest the resistance at 115.300. After a correction, the price is expected to break above this level and attempt another resistance at 116.300. Soaring RSI and ADX indexes confirm the uptrend.

Trade suggestion

Buy Digital Call Option from 115.500 to 116.300 valid until 20:00 GMT January 20, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver is facing the long-term MA50 at around 16.859 after the metal failed to break above the short-term MA20. In the event of continual decline, the commodity may fall to as low as the 61.8% retracement.

Trade suggestion

Buy Digital Put Option from 16.800 to 16.600 valid until 20:00 GMT January 20, 2017



DAX 30 Index



Fig: DAX 30 H4 Technical Chart

Germany’s Dax 30 index has been trading sideways since the start of this year. The index has been moving between the support at 11540.00 and the resistance at 11700.00. Currently, the stock benchmark has been supported by a couple of moving averages. In addition, RSI has pulled back from the 50 line, suggesting further advances as buyers are dominating in the market.

Trade suggestion

Buy Digital Call Option from 11650.00 to 11700.00 valid until 20:00 GMT January 20, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

FTSE 100 On Course For The First Weekly Decline

U.K. shares extended loss on Friday, on track for the first weekly fall in six weeks, with caution appeared to dominate market sentiment ahead of Trump’s inauguration in Washington, D.C.

The benchmark FTSE 100 edged 0.15% lower, on course to break a string of weekly wins after having dropped 0.5% on Thursday. Investors will look for confirmation that Trump will stick with his plan to push massive fiscal stimulus and relax regulations.

Shares of Royal Mail topped fallers, losing 2.2% on Friday after the mail and parcel delivery company reported poor trading at its U.K. parcels and letters division, as a result of Brexit vote. Royal Mail on Thursday said that the number of addressed letters slipped 6 per cent in the nine months leading up to 25 December due partly to declines in advertising and business letters.

Trade suggestion
Buy Digital Put Option from 7200.00 to 7180.00 valid until 20:00 GMT January 20, 2017

 

[Option_Banque]

EUR/USD signal by Option Banque

From 1.06800
Till 1.07200

Buy Option Digital
Direction Call
Expiry GMT 21:00 20/01/2017

 

[Option_Banque]

Daily Report on January 23, 2017 by Option Banque

Daily Report on January 23, 2017



The dollar slumped broadly on Monday after President Donald Trump’s protectionist tone overshadowed his sketchy details of tax policies and other stimulus that he had pledged to implement to boost the U.S. economy. The dollar index fell as much as 0.4% to hit an intra-day low at 100.21, on fading optimism over the U.S. economy spurred by the government cutting tax and increasing spending.

At a swearing-in ceremony for his top White House advisers on Sunday, Trump said that he planned talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement (NAFTA). Trump seems to stick to his pledge during his presidential campaign that if elected he would renegotiate the NAFTA trade pact to provide more favorable terms to the United States. The 45th U.S. president also and vowed to put "America first", laying out two simple rules - buy American and hire American in his inaugural address last Friday.

With the Trump administration declaring its intention to withdraw from the Trans-Pacific Partnership (TPP), shares of Japan and Australia – two countries that have signed up for the agreement – fell. Japan's Nikkei dropped 1.1 percent while shares in Australia dropped 0.8 percent. However, other parts of Asia remained resilient. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with Taiwan shares leading the gains and coming just shy of 1-1/2-year highs.

On the contrary, European shares were expected to open lower and U.S. stock futures dipped 0.3 percent, erasing gains made on Friday. Britain's FTSE might witness a drop of 0.4 percent on the opening while Germany's DAX looked set to lose 0.3%.

Oil struggled for direction on Monday, weighed down by prospects of rising U.S. production. Statements over the weekend from OPEC and other producers that they have been successfully in implementing output cuts failed to offset data that showed U.S. energy companies added more rigs last week. Energy services firm Baker Hughes late Friday reported that Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November 2015.



Technicals

EURUSD


Fig: EURUSD H4 Technical Chart

Euro remained on an uptrend with steady support from two moving averages that are hanging below the price action. The pair EURUSD pulled back from the support at 1.07200 and is heading to the resistance at 1.08000. RSI is moving upwards, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 1.07500 to 1.08000 valid until 20:00 GMT January 23, 2017



COFFEE



Fig: Coffee H4 Technical Chart

Coffee is surging steadily, extending gains following a breakout from the 38.2% Fibonacci retracement. Although recent candles with long bodies show a strong uptrend, the market has entered the overbought zone, which signals a short-live advance. The resistance at 157.00 may witness a pullback.

Trade suggestion

Buy Digital Call Option from 154.10 to 157.00 valid until 20:00 GMT January 23, 2017



BRENT



Fig: H4 Technical Chart

Brent crude fell sharply after a short period of time moving sideways around 55.50 level. The commodity dropped below the 55.00 support and headed lower to another major stance at 54.00. Recent declines have brought the market into the bearish territory, as indicated by RSI index which has broken below the central line.

Trade suggestion

Buy Digital Put Option from 54.80 to 54.00 valid until 20:00 GMT January 23, 2017



GOLD



Fig: GOLD H1 Technical Chart

Gold is tracing an uptrend after rebounding from the 50.0% Fibonacci retracement. A hammer has appeared, suggesting that the price has bottomed out. The long lower shadow shows that buyers were able to overcome the selling pressure to support the price back to the open. The resistance at 1220.00 is within the sight.

Trade suggestion

Buy Digital Call Option from 1214.00 to 1220.00 valid until 20:00 GMT January 23, 2017

 

[Option_Banque]

GBP/USD signal by Option Banque
From 1,24400
Till 1.25000

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/01/2017

 

[Option_Banque]

Daily Report on January 24, 2017 by Option Banque

Daily Report on January 24, 2017



The U.S. dollar extended its downward rally to a fourth day after U.S. Treasury Secretary Nominee Steven Mnuchin stated that a strong currency could hurt the economy. The dollar traded at the lowest level since early December, also weighed down by concerns about the impact of U.S President Donald Trump's protectionist trade stance.

The dollar index, which tracks the greenback against a basket of six major peers, slipped as much as 0.2 percent to 99.92 - seven-week lows in Asian trade on Tuesday. U.S. President Donald Trump had signed a memorandum directing the U.S. Trade Representative to withdraw the U.S. as a signatory to the Trans-Pacific Partnership accord with 11 other nations.

Meanwhile, Australia and New Zealand said on Tuesday they hoped to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations to join the trade pact after U.S. President Donald Trump kept his promise to withdraw his country from the trade deal.

The dollar's weakness gave an additional lift to other currencies including sterling. The pound was slightly lower on Tuesday after reaching six-week peaks a day earlier. Britain's Supreme Court is expected to rule that the government needs parliamentary approval to trigger formal talks about the country's exit from the European Union later on the day.

Elsewhere, the Nikkei-Markit flash manufacturing purchasing managers index (PMI) for Japan was reported to climb to 52.8 in January, up from 52.4 in December. This is the highest level seen since March 2014, indicating that activity levels improved during the month.



Technicals

NZDUSD



Fig: NZDUSD H1 Technical Chart

NZDUSD pulled back after having fallen below the support at 0.72200. The price action has crossed over the short-term MA20 but failed to sustain the bearish force. As can be observed from ADX chart, the index is heading downwards, suggesting a weakening downtrend. The resistance at 0.72600 is within the sight.

Trade suggestion

Buy Digital Call Option from 0.72300 to 0.72600 valid until 20:00 GMT January 24, 2017



EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD has been trading sideways around the support at 1.48500. The pair has also been depressed by two moving averages hanging above the price action. RSI index remained under the central line, indicating an overwhelming bullish force in the market. The pair may fall as low as 1.47700.

Trade suggestion

Buy Digital Put Option from 1.48400 to 1.47700 valid until 20:00 GMT January 24, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude is retesting the highest level since last Friday at 55.79. The commodity price fell as low as 54.63 yesterday and was supported by the short-term MA20 to rebound higher. The RSI index is soaring to the overbought zone. Dominating buyers in the market may bring the price to as high as 56.60 – the level not seen in a week.

Trade suggestion

Buy Digital Call Option from 55.80 to 56.60 valid until 20:00 GMT January 24, 2017



FTSE 100 Index



Fig: FTSE 100 Index H4 Technical Chart

FTSE has been moving sideways to higher since the start of this week but in general the index has been under downward pressure created by the short-term MA20. The stock benchmark may fall below the 7260.00 level again as RSI one more time headed back to the bearish zone.

Trade suggestion

Buy Digital Put Option from 7260.00 to 7230.00 valid until 20:00 GMT January 24, 2017

 

[Option_Banque]

USD/JPY signal by Option Banque

From 112.600
Till 111.900

Option Digital
Direction Put
Expiry GMT 21:00 24/01/2017

 

[Option_Banque]

Daily Report on January 25, 2017 by Option Banque

Daily Report on January 25, 2017



Asian stocks joined a global equities rally after U.S. shares closed higher on Tuesday. At the close in NYSE, the Dow Jones Industrial Average added 0.57% and the NASDAQ Composite index gained 0.86%. Meanwhile, the S&P 500 index closed at a record, up 0.66%. The MSCI Asia Pacific Index headed toward the highest closing level since September as equity markets from Tokyo to Australia climbed.

A surge in commodities prices bolstered raw-materials companies. Copper prices rose steeply on Tuesday to an 18-month high, with the latest leg up fanned by global production problems at BHP Billiton Ltd. The world's largest miner by market value has been facing with a prolonged power blackout at a vast Australian mine and threatened strike action by workers in Chile which may trim its output at the Escondida mine.

As a result, the company lowered its full year guidance for this fiscal year given a sharp fall in first-half output. BHP forecast a supply of 1.62 million metric tons of the metal during the year through June, down 2% or 40,000 tons on a prior estimate.

In a report published on Wednesday, the RBA said that Australian trimmed mean CPI advanced to a seasonally adjusted 0.4%, from 0.4% in the preceding quarter. The figure fell short of consensus estimate calling for an increase of 0.5%.

Official data from Australian Bureau of Statistics also reflected slower-than-forecast inflation which was partly due to the weakness of China’s currency against the local dollar. Decreasing cost of imports like clothing only pushed quarterly headline CPI 0.5% higher compared a forecast of 0.7% by economists. Annual CPI rose 1.5%, remaining below the bottom of the central bank’s target range for a ninth straight quarter.

Oil edged lower on Wednesday as concern over an increase in U.S. inventories weighed on the market. Weekly inventory data from the American Petroleum Institute showed U.S. crude, gasoline and diesel stocks all rose last week. The Energy Information Administration will report its data later on the day.



Technicals

EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD one more time had to give up its bull run at the resistance at 1.42400. The last pullback was also due to downward pressure created by the short-term MA20. This time, the price action has crossed over both long-term and short-term MAs. Moreover, the MA20 has converged with the MA50 from below, suggesting a reversal into an uptrend.

Trade suggestion

Buy Digital Call Option from 1.42400 to 1.43000 valid until 20:00 GMT January 25, 2017



WTI



Fig: WTI H4 Technical Chart

WTI has been tracing a downtrend with the resistance formed by connecting lower highs recorded in the last 3 weeks. The price action has twisted with the moving averages, suggesting an unclear trend in the market. RSI has been swung around the 50 line, confirming indecisive moves. The support at 52.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 52.80 to 52.00 valid until 20:00 GMT January 25, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural Gas has been trapped between a narrow trading range recently. The commodity has swung back and forth within a support at 3.260 and a resistance at 3.350. The RSI that has moved past the 50 line signals the price may test the upper range bounce again.

Trade suggestion

Buy Digital Call Option from 3.300 to 3.350 valid until 20:00 GMT January 25, 2017



Dow Jones



Fig: Dow Jones H4 Technical Chart

Dow Jones broken out of a slopping downtrend yesterday after having breached the resistance formed by lower highs. The sharp moves also brought the price action above two moving averages. Both RSI and ADX are heading upwards, suggesting a strong uptrend which may send the index to the 20,000.00 threshold.

Trade suggestion

Buy Digital Call Option from 19,950.00 to 20,000.00 valid until 20:00 GMT January 25, 2017

 

[Option_Banque]

Copper Trade Idea by Option Banque

BHP’s Lower Output Forecast Fuels Copper To An 18-Month High

Copper prices rose steeply on Tuesday to an 18-month high, with the latest leg up fanned by global production problems at BHP Billiton Ltd.

The world’s largest miner by market value has been facing with a prolonged power blackout at a vast Australian mine which caused BHP’s copper production for the half year to end December to drop 7% to 712,000 tons. In addition, BHP has grappled with threatened strike action by workers in Chile which may trim its output at the Escondida mine.

As a result, the company lowered its full year guidance for this fiscal year given a sharp fall in first-half output. BHP forecast a supply of 1.62 million metric tons of the metal during the year through June, down 2% or 40,000 tons comapred to a prior estimate.

Trade suggestion
Buy Digital Call Option from 2.7100 to 2.7300 valid until 20:00 GMT January 25, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Rallies On Colder Weather Forecast And Declining U.S. Storage

U.S. natural gas futures rose for the fourth day in a row on Thursday, as market participants awaited weekly data that may show a decline in U.S. storage of the commodity amidst weather forecasts pointing to colder conditions later this week.

According to latest weather forecasts, the central and eastern U.S. will experience lower temperatures later this week and the cold system may last through February 3, boosting near-term demand for the heating fuel.

Meanwhile, investors looked ahead to weekly storage data due later on the day. Analysts expect a draw in a range between 105 and 117 billion cubic feet in the week ended January 20. If confirmed, this would be the tenth consecutive weekly decline.

According to the U.S. Energy Information Administration, total natural gas in storage currently stands at 2.917 trillion cubic feet, 12.9% lower than levels at this time a year ago and around 2.6% below the five-year average for this time of year.

Trade suggestion
Buy Digital Call Option from 3.450 to 3.5000 valid until 20:00 GMT January 26, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

U.K. Shares Gain Following Better-Than-Expected Q4 GDP

U.K. stocks rose in Thursday’s morning session after the Office for National Statistics reported Britain’s economy grew faster than expected in the fourth quarter of 2016.

According to a preliminary GDP release from the ONS, U.K. GDP grew by 0.6% in the three-month quarter ending December, in line the consensus forecast of an increase of 0.5%. On a yearly basis, growth advanced at the pace of 2.2%, also above expectations of 2.1%.

Growth in the quarter was largely spurred by a booming services sector, which grew 0.8% on a quarterly basis. Services make up roughly 80% of the UK economy. The data, which reflected the second full quarter of activity after Britain’s historic vote to leave the European Union, dispelled initial predictions of economic doom.

The FTSE index added 0.24% to trade at 7178.46, led by shares of the maker of Johnnie Walker whiskey and Smirnoff vodka, Diageo, and Royal Bank of Scotland PLC which soared more than 4% each.

Trade suggestion
Buy Digital Call Option from 7180.00 to 7200.00 valid until 20:00 GMT January 26, 2017

 

[Option_Banque]

GBP/JPY signal by Option Banque

From 143.700
Till 144.500

Buy Option Digital
Direction Call
Expiry GMT 21:00 26/01/2017

 

[Option_Banque]

Daily Report on January 27, 2017 by Option Banque

Daily Report on January 27, 2017



Asian shares were steady on Friday in holiday-thinned trade with a slew of markets closed for Lunar New Year celebrations. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed but is on track to end the week up 1.9 percent. While markets in China, South Korea, Taiwan and Vietnam are closed for the start of Lunar New Year, Hong Kong, Malaysia and Singapore will have shortened sessions.

Japanese shares rose 0.4 percent, extending gains for the week to 1.8 percent thanks to a drop in the yen. The Japanese currency weakened for a second day as the BOJ’s move signaled it won’t let 10-year yields rise. The BOJ is scheduled to hold a policy meet on January 30-31 but the central bank is not expected to leave its policies unchanged when board members meet next week. However, some economic growth forecasts are highly anticipated, especially in terms of inflation.

That is because the pace of decline in consumer prices in Japan eased in the current month. According to the Japanese Statistics Bureau, consumer prices excluding fresh food in Tokyo extended its slide for a 10th straight month, but the scale of the drop was narrower than expected. The leading indicator for national figures fell 0.3 percent in January compared to a forecast of -0.4%. The national core CPI fell 0.2 percent in December from a year earlier – the slightest drop since March 2016.

The dollar edged up on Friday, paring weekly losses. The greenback is on track to lose 0.2 percent against the basket of currencies of its trade-weighted rivals for the week, weighed down by U.S. President Donald Trump's protectionist policies. The White House said on Thursday that Trump proposed a new 20 percent tax on goods from Mexico to pay for a border wall between the two countries.

The Mexican peso fell more than 0.5 percent against the dollar in Asian trade following news of the border tax. The pair USDMXN, as a result, rebounded from Thursday's more than three-week low of 20.8568.



Technicals

AUDJPY


Fig: AUDJPY H4 Technical Chart

AUDJPY is marching towards a trading range which it had breached on Monday. The pair tried heading back to this range twice then but failed to cross over the lower boundary from below. RSI is surging, signaling strong bullish force in the market. However, the resistance at 87.000 is within the sight.

Trade suggestion

Buy Digital Call Option from 86.700 to 87.000 valid until 20:00 GMT January 27, 2017



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD failed to surpass the short-term 20-period moving average and had to reverse lower, heading towards the support at 1.30500. RSI remained below 50 and is declining, suggesting further decline.

Trade suggestion

Buy Digital Put Option from 1.31000 to 1.30500 valid until 20:00 GMT January 27, 2017



Natural Gas



Fig: Natural gas H4 Technical Chart

Natural gas once again had to give up its bull run after hitting the resistance at 3.500. The commodity has fallen below the 3.350 support with the price action breaching a couple of moving averages from above. Natural gas is heading towards the 38.2% Fibonacci level with RSI index declining while –DI has crossed over the +DI from below.

Trade suggestion

Buy Digital Put Option from 3.250 to 3.170 valid until 20:00 GMT January 27, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude fell into a correction after having broken above a shrinking trading range. The commodity had been supported by a couple of moving averages before witnessed a strong rally that sent the price to the highest level since January 17th. After a period of consolidation, Brent crude price may extend its rally to reach as high as 57.30.

Trade suggestion

Buy Digital Call Option from 56.50 to 57.30 valid until 20:00 GMT January 27, 2017

 

[Option_Banque]

Alphabet Trade Idea by Option Banque

Alphabet Hit By Higher Tax But Succeeds In Broadening Business

Shares of Alphabet Inc. fell as much as 3% before retreating in extended trading on Thursday after the company reported weaker-than-expected fourth-quarter earnings.

The Google and YouTube parent said revenue for the period rose to $26.06 billion which topped analyst expectations of $20.6 billion. The company succeeded in diversifying its business beyond advertising with revenue from other business including hardware, app sales and the cloud business climbed 62 percent to $3.4 billion.

However, a higher tax rate of 22 percent, compared to 19 percent for the year overall, caused Alphabet’s earnings to miss forecast. The company announced net income of $5.3 billion, or $7.56 a share, compared with $6 billion, or $7.06 a share one year ago. Excluding one-time items, earnings came in at $9.36 a share, narrowly below consensus estimate of $9.64.

Trade suggestion
Buy Digital Call Option from 840.00 to 860.00 valid until 20:00 GMT January 27, 2017

 

[Option_Banque]

USD/ZAR signal by Option Banque

From 13.45000
Till 13.55000

Buy Option Digital
Direction Call
Expiry GMT 21:

 

[Option_Banque]

Daily Report on January 30, 2017 by Option Banque

Daily Report on January 30, 2017



The dollar pared losses in the second half of Asian trading session after declining sharply in early hours on Monday. In addition, Asian share markets and U.S. stock futures were also lower as traders were weighed by the tensions sparked by Donald Trump’s order halting some immigration. Extending moves that support his 'America First' policy, the 45th U.S. President introduced immigration curbs that drew criticism from world governments and some of the largest companies including Netflix Inc. and Alphabet Inc.

Trump defended the move, which puts a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, as vital for U.S. security. However, the executive order sparked huge protests in many U.S. cities, not to mention consequences of the detention and deportation of hundreds of people arriving at U.S. airports.

The greenback weakened against all its major peers, trading near the lowest levels in two months. The dollar index, which tracks the greenback against a basket of trade-weighted peers, dipped as much as 0.3 percent to 100.17 in Asian trade before retreating back to the open level ahead of the European session.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4 percent in holiday thinned trade as markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are shut for holidays. Australian shares tumbled more than 1 percent, while New Zealand pulled back 0.6 percent. Japan's Nikkei widened losses to 0.7 percent as demand for the safe-haven yen weighed on exporters.

Pointing to a weaker opening on Wall Street, S&P 500 futures, Dow futures and Nasdaq futures all shed around 0.3 percent.

Oil prices extended its slide on Monday, dragged down by signs of growing output in the United States that could counterbalance output cuts by OPEC and other producers. The U.S. weekly oil and gas rig count from Baker Hughes showed that U.S. drillers added 15 oil rigs last week, sending the total count to 566, the largest amount since November 2015.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD have not only pared losses but also recorded a gain in European session on Monday. The pair retested the two-day high at 1.31538 and is heading upwards to the resistance at 1.31900 where the long-term MA50 is also moving around. RSI has moved past the central line, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 1.31600 to 1.31900 valid until 20:00 GMT January 30, 2017



GBPJPY



Fig: GBPJPY H1 Technical Chart

GBPJPY has been under downward pressure from two moving averages after the pair crossed over these two dynamic supports in early trading hours on Monday. The short-term MA20 has converged with the long-term MA50 from above, suggesting a reversal into a downtrend. The support at 143.000 is within the sight.

Trade suggestion

Buy Digital Put Option from 143.600 to 143.000 valid until 20:00 GMT January 30, 2017



WTI


Fig: WTI H4 Technical Chart

U.S. crude price has fallen into a consolidation following a steep decline last Friday. The commodity broke out of a shrinking trading day from below but bulls failed to sustain the momentum and had to let the price nose-dive. WTI price fell under the range and is likely to dip lower with bears overwhelming in the market, as indicated by the RSI index.

Trade suggestion

Buy Digital Put Option from 52.80 to 52.00 valid until 20:00 GMT January 30, 2017



Euro50



Fig: Euro 50 Index H4 Technical Chart

Euro 50 index kept on falling after having opened lower on Monday. The stock benchmark has also crossed over a couple of moving averages which had prevented the index from falling further last Friday. While RSI pulled back from the 50 line to move in the bearish territory, a wide gap between the +DI and –DI lines has appeared in the stochastic chart.

Trade suggestion

Buy Digital Put Option from 3270.00 to 3250.00 valid until 20:00 GMT January 30, 2017

 

[Option_Banque]

Trump’s Immigration Ban Puts Pressure On U.K. Shares

Trump’s Immigration Ban Puts Pressure On U.K. Shares

U.K. shares extended the decline in global stock markets on Monday after Asian equities plunged into the red following U.S. President Donald Trump’s executive order banning citizens of seven predominantly Muslim countries from entering the U.S.

The order signed over the weekend sparked two-day protests at airports throughout the U.S and spurred concerns that Trump’s protectionism policies may hurt politics and businesses world-wide.

The FTSE 100 index fell nearly 1% to a one-month low at 7114.80 in early hours trading with losses in energy and mining shares overwhelming gains in Vodafone shares.

Commodity-related stocks traded mostly lower. Shares of Anglo American PLC lost 1.13% why those of BHP Billiton PLC and Rio Tinto PLC lost 1.03% and 1.3%, respectively. Randgold Resources also witnessed its shares plunge 0.61%.

Oil producers such as BP PLC and Royal Dutch Shell PLC contributed to the decline of the index with each company’s shares retreating more than 1%.

Vodafone PLC gained 2.64% after the company said it’s in talks with Aditya Birla Group to purchase its Idea Cellular Ltd unit.

Trade suggestion
Buy Digital Put Option from 7130.00 to 7120.00 valid until 20:00 GMT January 30, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

From 0.85400
Till 0.85800

Buy Option Digital
Direction Call
Expiry GMT 21:00 30/01/2017

 

[Option_Banque]

Daily Report on January 31, 2017 by Option Banque

Daily Report on January 31, 2017



Asian shares continued its downward rally on Tuesday, weighed down by bearish sentiment stemming from the biggest loss in six weeks that global stocks recorded on Monday. The tension in U.S. politics mounted after the U.S. President Donald Trump fired top federal government lawyer Sally Yates on Monday as she refused to defend new travel restrictions that bar Syrian refugees indefinitely and suspend travel to the United States from seven Muslim-majority countries.

Rising concern over the unpredictability of decisions in the new administration sent the U.S. S&P 500 Index 0.6 percent lower, which marked its biggest fall in a month. MSCI's gauge of the world's 46 stock markets also shed 0.6 percent, its largest loss in a month and a half. On Tuesday, MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.5 percent while Japan's Nikkei 225 dropped 1.7 percent, its biggest fall in almost three months.

The Japanese currency was little changed after the Bank of Japan kept its policy on hold, as expected, at the two-day meeting ending on Tuesday. The BOJ maintained the 0.1 percent interest it charges on a portion of the excess reserves that financial institutions park with the central bank and left its inflation forecasts largely unchanged.

Elsewhere, Germany's statistics body on Tuesday reported the nation’s retail sales dropped unexpectedly in December. Retail sales were said to seasonally drop 0.9% from November, contrasting with expectations calling for a gain of 0.5%. While high street sales declined sharply compared to the same period a year earlier, internet and mail-order business saw sales jump 5.1% from December 2015.



Technicals

GBPCHF


Fig: GBPCHF H4 Technical Chart

GBPCHF continued to step lower after a correction that sent the pair to as high as 1.24500. The pair is facing the support at 1.24000 and is likely to breach this level with downward pressure from two moving averages hanging above the price action. In the event of continual down move, the pair can fall as low as 1.23000.

Trade suggestion

Buy Digital Put Option from 1.23800 to 1.23000 valid until 20:00 GMT January 31, 2017



EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP reversed higher following a consolidation at around 0.85700. The price action has crossed over the long-term MA50 and is heading upwards to the resistance at major level 0.87000. RSI is soaring to the overbought zone, indicating strong bullish momentum.

Trade suggestion

Buy Digital Call Option from 0.86200 to 0.87000 valid until 20:00 GMT January 31, 2017



Sugar



Fig: Sugar H4 Technical Chart

Sugar edged lower as the commodity failed to make a breakout from the slopping downward resistance that connects lower highs. The %K line has crossed over the %D line from above, suggesting a reversal into a downtrend. The RSI remained under the central line, indicating that bears are overwhelming in the market.

Trade suggestion

Buy Digital Put Option from 20.25 to 20.00 valid until 20:00 GMT January 31, 2017



DAX 30 Index



Fig: DAX 30 Index H1 Technical Chart

Dax 30 Index reversed lower after the price action hit the short-term MA20 at 11731.53. The benchmark gapped down at the opening but pared the early loss, however, the market remained in the bearish territory, as indicated by the RSI chart. The support at 11650.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 11710.00 to 11650.00 valid until 20:00 GMT January 31, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Warmer Weather Forecasts Push Natural Gas To One-Week Lows

U.S. natural gas futures extended its slide on Tuesday after starting the week off with heavy losses. The natural gas market gapped down on Monday on the back of forecasts showing cold weather receding in key regions in the U.S. during the next few weeks, which tends to dampen demand for the heating fuel.

Natural gas futures for March delivery fell as low as $3.172 per million British thermal units on Tuesday after having dropped more than 3% on Monday.

Investors will look head to weekly storage data scheduled on Thursday. The report is expected to point to draw in a range between 83 and 94 billion cubic feet in the week ended January 27 after showing a withdrawal of 119 billion cubic feet in the preceding week.

According to the U.S. Energy Information Administration, total natural gas in storage currently stands at 2.798 trillion cubic feet, 11.1% lower than levels at this time a year ago and less than 1% below the five-year average for this time of year.

Trade suggestion
Buy Digital Put Option from 3.190 to 3.170 valid until 20:00 GMT January 31, 2017