Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

FTSE Trade Idea by Option Banque

Banking Shares Embroiled In The Red, FTSE 100 Heads For First Weekly Loss

U.K. shares were trading lower on Friday, heading for the first decline following a three-strong run of weekly wins. The benchmark FTSE 100 index lost more than 0.2% to trade below 7260.00, weighed down by banking equities.

Shares of Royal Bank of Scotland Group PLC topped the market’s losers on Friday, slipping about 3% after the banking and financial services company its annual net loss more than tripled to GBP6.96 billion ($8.73 billion) as it had to put aside billions of pounds to settle allegations with U.S. authorities.

Other banking shares edged lower. While Lloyds Banking Group PLC shares dropped more than 0.5%, Standard Chartered PLC plummeted over 4% and Barclays PLC shed nearly 1%.

Trade suggestion
Buy Digital Put Option from 7240.00 to 7220.00 valid until 21:00 GMT February 24, 2017

 

[Option_Banque]

EUR/USD signal by Option Banque
From 1.05700
Till 1.05300

Option Digital
Direction Put
Expiry GMT 21:00 24/02/2017

 

[Option_Banque]

Daily Report on February 27, 2017 by Option Banque

Daily Report on February 27, 2017



Asian shares edged lower on Monday in the wake of cautiousness that investors grew ahead of U.S. President Donald Trump’s first major address before the Congress on Tuesday and Fed Chair Janet Yellen’s public appearance on Friday. The MSCI Asia Pacific Index dropped 0.5%, reversing a rally of 0.5% last week.

Japanese shares also plummeted on the back of a strengthening yen, skidding 1% with deepest declines belonging to shares of exporters and banks. As well as Hong Kong’s Hang Seng and Shanghai Composite Index which also lost 0.4% and 0.7%, respectively, the S&P/ASX 200 Index lost 0.3% in Sydney.

The dollar struggled for direction as investors were looking to Trump’s remarks later this week. Trump is expected to shed light on his infrastructure spending and tax plans. The president had pledged to cut taxes for the middle class, relax regulations, increase tax on imports goods and services as well as implement changes to encourage U.S. manufacturing.

Sterling dropped more than 0.4% against its American counterpart to trade at $1.242200 per pound after the Times cited unidentified government sources, reporting that U.K. Prime Theresa May’s team was preparing for Scotland to call an independence referendum in March.

According to the news, May could agree to a new Scottish vote if only it is held after the U.K. leaves the European Union. Meanwhile, the Scottish government appears to be increasingly confident it can win a new independence referendum. As stated by sources close to the Edinburgh administration, the government is considering calling one next year as Britain departs from the EU.



Technicals

GBPAUD



Fig: GBPAUD H4 Technical Chart

From as high as 1.63600, GBPAUD slumped, dropping more than 200 points to test the support at 1.61300. The price action fell below both a couple of moving averages and 23.6% Fibonacci retracement. RSI is pointing to the oversold zone, signaling a strong bearish momentum.

Trade suggestion

Buy Digital Put Option from 1.61200 to 1.60400 valid until 21:00 GMT February 27, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY broke out of a shrinking trading range from above and also breaching the 23.6% Fibonacci level on its way down. The pair retested the lowest level since February 07 and may fall lower to attempt another support handle at 138.000.

Trade suggestion

Buy Digital Put Option from 139.000 to 138.000 valid until 21:00 GMT February 27, 2017



WTI


Fig: WTI H4 Technical Chart

Supported by a long-term MA50, U.S. crude price reversed higher at as low as 53.92. The price has broken the resistance at 54.30 and is heading towards a one-and-a-half-month high at 55.00. As can be seen from the RSI chart, the index has moved past the central line, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 54.45 to 55.00 valid until 21:00 GMT February 27, 2017



CAC 40



Fig: CAC 40 index H4 Technical Chart

France’s CAC40 index retreated under downward pressure from two moving averages hanging above the price action. The stock benchmark is heading lower to attempt the support at 4800.00. Supporting further down moves, RSI index is also inching lower.

Trade suggestion

Buy Digital Put Option from 4840.00 to 4800.00 valid until 21:00 GMT February 27, 2017

 

[Option_Banque]

Pound Slids On Concerns Over Potentially Scottish Independence Referendum

Pound Slids On Concerns Over Potentially Scottish Independence Referendum

British Pound stumbled versus almost of its peers on Monday amidst concerns over mounting possibilities of upcoming Scotland’s independence referendum.

Sterling dropped more than 0.4% against its American counterpart to trade at $1.242200 per pound after the Times cited unidentified government sources, reporting that U.K. Prime Theresa May’s team was preparing for Scotland to call for an independence referendum in March.

According to the news, May could agree to a new Scottish vote if only it is held after the U.K. leaves the European Union. Meanwhile, the Scottish government appears to be increasingly confident it can win a new independence referendum.

As stated by sources close to the Edinburgh administration, the government is considering calling one next year as Britain departs from the EU.

Trade suggestion
Buy Digital Put Option from 1.24100 to 1.23800 valid until 21:00 GMT February 27, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque
From 0.85300
Till0.85700

Buy Option Digital
Direction Call
Expiry GMT 21:00 27/02/2017


AUD/USD signal by Option Banque
From 0.76950
Till 0.77300

Buy Option Digital
Direction Call
Expiry GMT 21:00 27/02/2017

 

[Option_Banque]

Daily Report on February 28, 2017 by Option Banque

Daily Report on February 28, 2017



Asian shares advanced on Monday after two days of declines. A drop in the Japanese yen overnight gave strength to the country’s stocks. Asian equities were also boosted by bullish sentiment on Wall Street yesterday after the Dow Jones Industrial Average extended its winning streak to 12 sessions, the longest in 30 years.

The MSCI Asia Pacific Index advanced 0.2 percent with the Topix index jumping 0.9 percent. Japanese shares rebounded from Monday’s 1 percent loss. While Australia’s S&P/ASX 200 Index and South Korea’s Kospi each climbed 0.3 percent, Hong Kong’s Hang Seng shed 0.2 percent and the Shanghai Composite Index was little changed.

Dollar hovered around opening price in Asian morning session as investors were cautious ahead of Donald Trump’s address to Congress. Speaking during a meeting with top U.S. health insurance CEOs Monday at the White House, Trump stated that his ministration was working on spending and tax plans, signaling a “big” investment in infrastructure.

Fed Bank of Dallas President Robert Kaplan late Monday said policy makers should raise interest rates “sooner rather than later” and not pay excessive attention to market expectations. According to federal funds futures, the chance of a rate hike at the Fed’s March 14-15 meeting on Monday jumped to 50 percent from 34 percent just five days ago.

Sugar and coffee futures prices tumbled on Monday, stretching its downward rally to a fourth-consecutive trading day amidst improving outlook for production in Centre-South Brazil. According to a report published on Monday by Tropical Research Services, the weather in Centre-South Brazil had been favorable since December, which tends to help raise sugar and coffee output in this area.



Technicals

GBPAUD


Fig: GBPAUD H4 Technical Chart

GBPAUD reversed lower after its price action hit the 23.6% Fibonacci retracement. The pair was also depressed by two moving averages hanging above the price action. As RSI remains under the central line and is pointing downwards, the pair is expected to inch lower.

Trade suggestion

Buy Digital Put Option from 1.61600 to 1.61000 valid until 21:00 GMT February 28, 2017



AUDJPY



Fig: AUDJPY H1 Technical Chart

AUDJPY extended its rally following a short correction that pushed the pair back to a support at 86.300. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a reversal into an uptrend. As RSI is in the bullish territory, AUDJPY may attempt a major resistance at 87.000.

Trade suggestion

Buy Digital Call Option from 86.600 to 87.000 valid until 21:00 GMT February 28, 2017



Coffee



Fig: Coffee H4 Technical Chart

Coffee price has been tracing a steep downtrend for one week. The commodity has breached both 38.2% and 50.0% Fibonacci retracement. In the event of continual down moves, the pair may test a support at 138.90. However, caution should be taken as RSI index has reached the oversold zone, suggesting an upcoming correction for the current trend.

Trade suggestion

Buy Digital Put Option from 140.50 to 138.90 valid until 21:00 GMT February 28, 2017



EURO 50



Fig: EURO 50 Index H4 Technical Chart

Euro 50 index has been supported by the short-term MA20 and has been tracing this support since last Friday. The stock benchmark had failed to sustain its bearish momentum after breaching the support at 3300.00. With RSI index having surged above 50 which indicates a resurgence of bulls, the price is expected to edge higher.

Trade suggestion

Buy Digital Call Option from 3320.00 to 3340.00 valid until 21:00 GMT February 28, 2017

 

[Option_Banque]

FTSE 100 Trade Idea by Option Banque

U.K. Shares Lose Momentum Ahead Of Trump’s Address

U.K. shares struggled for direction on Tuesday as investors were cautious ahead of U.S. President Donald Trump’s first address a joint session of Congress.

The FTSE 100 index swung back and forth between gain and loss amidst rising speculations about Trump’s plans for spending on infrastructure and cutting tax which are expected to be made clear in his speech due after the close of London trading.

Leading the market, shares of aerospace and defense group Meggitt soared considerably by more than 11% after the company announced the plan to raise dividend. Babcock International Group was the second biggest gainer with its shares jumped by 4.3% on the back of upgraded 2017 outlook.

At the bottom of the pile, miner shares declined. Shares of Randgold Resources PLC lost almost 3% while those of BHP Billiton PLC edged 1.36% lower. Fresnillo PLC and Anglo American PLC also found their equities on a decline.

Trade suggestion
Buy Digital Put Option from 7250.00 to 7220.00 valid until 21:00 GMT February 28, 2017

 

[Option_Banque]

Sugar Trade Idea by Option Banque

Improving Weather Condition In Brazil Weighs On Sugar Prices

Sugar futures prices tumbled on Monday, stretching its downward rally to a fourth-consecutive trading day amidst improving outlook for production in Centre-South Brazil.
May raw sugar futures dropped more than 0.5% to trade at 19.29 cents a lb on Monday, falling to the lowest level since December 29, 2016.

According to a report published on Monday by Tropical Research Services, the weather in Centre-South Brazil had been favorable since December. As a result, TRS upgraded its forecast for the area’s production to 35.7 million tonnes from a previous projection of 35.5 million for 2017/18 crop. As stated by analysts, this level of output “would be enough to keep the market well-supplied”.

Trade suggestion
Buy Digital Put Option from 19.20 to 18.90 valid until 21:00 GMT February 28, 2017

 

[Option_Banque]

AUD/JPY signal by Option Banque

From 86.000
Till 85.700

Option Digital
Direction Put
Expiry GMT 21:00 28/02/2017

 

[Option_Banque]

Daily Report on March 01, 2017 by Option Banque

Daily Report on March 01, 2017



Japanese shares increased on Wednesday on the back of the yen stumbling to the lowest level in a week. Japan’s Topix index soared 1.1 percent after having completed a fifth straight monthly advance in February, the longest winning streak since early 2015. Chinese equities also advanced after upbeat manufacturing data. Hong Kong’s Hang Seng index and the Shanghai Composite Index climbed 0.2 percent and 0.4 percent, respectively.

Thanks to a surge in producer prices, China’s official factory gauge firmed in February. Manufacturing purchasing managers index was reported to rise to 51.6 last month, higher than both a median estimate of 51.2 by economists and 51.3 in January. Non-manufacturing PMI declined slightly at 54.2 versus 54.6 in January while private manufacturing PMI from Caixin Media and Markit Economics rose to 51.7.

U.S. gold futures dropped more than 0.5% to trade below $1243.00 an ounce in Asian trading session, hitting the lowest level since last Thursday. The precious metal looked set to extend its downward rally to a third straight day after a handful of Federal Reserve policymakers late Tuesday fueled speculations for a March U.S. rate hike.

While New York Fed President William Dudley said that the case for tightening monetary policy "has become a lot more compelling", San Francisco Fed President John Williams stated that a rate increase next month was very much on the table given full employment and accelerating inflation. According to CME Group’s Fed Watch Tool, traders saw a nearly 62% chance the U.S. central bank would raise its rate at a mid-March meeting. The dollar index, which measures the greenback against a basket of six major rivals advanced 0.24 percent at 101.60.

In his first address to Congress on Tuesday, U.S. President Donald Trump continued to pledge to overhaul the immigration system, improve jobs and wages for Americans and promised "massive" tax relief to the middle class and tax cuts for companies but shed litter light on details of his plans.

Elsewhere, figures released by the Australian Bureau of Statistics on Wednesday showed the country’s gross domestic product expanded 1.1 percent in the fourth quarter. The reading was not only higher than estimates for 0.8 percent growth, but also marked a rebound from a shock negative result in the September quarter. Australia’s economy shrank by 0.5% in the three-month period through September, the first negative quarter in five years.



Technicals

USDCHF


Fig: USDCHF H4 Technical Chart

USDCHF has breached a resistance at 1.00900 after rebounding from a support 1.00200. The pair has broken out of a trading range between 1.00200 and 1.00900 to attempt a key resistance at 1.01400. RSI has moved past the 50 line, suggesting a strengthening up trend.

Trade suggestion

Buy Digital Call Option from 1.01000 to 1.01400 valid until 21:00 GMT March 01, 2017



AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD has been moving sideways to higher after breaking out of the resistance at 23.6% Fibonacci level. With support from two MAs moving below the price action and a surging RSI index, the pair is expected to edge higher. However, the RSI index has reached the overbought zone, signaling an upcoming correction.

Trade suggestion

Buy Digital Call Option from 1.02200 to 1.02800 valid until 21:00 GMT March 01, 2017



WTI


Fig: WTI H4 Technical Chart

U.S. crude price has been tracing a decline with lower highs formed along the price action since last Tuesday. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. The RSI has retreated from the central line, confirming further down moves. The support at 53.30 is within the sight.

Trade suggestion

Sell Stop at 53.80, Take profit at 53.30, Stop loss at 54.00

Buy Digital Put Option from 53.80 to 53.30 valid until 21:00 GMT March 01, 2017



DAX 30 Index



Fig: DAX 30 index H4 Technical Chart

Germany’s Dax 30 index gapped up on Wednesday, liberating its price out of a consolidation at around 11830.00. The price action has crossed over a resistance at 11900.00 and is heading upwards to attempt the multi-month highs at around 12050.00. RSI is soaring, signaling further advances.

Trade suggestion

Buy Digital Call Option from 11950.00 to 12050.00 valid until 21:00 GMT March 01, 2017

 

[Option_Banque]

Best Buy Trade Idea by Option Banque

Best Buy Shares Rebound On Dividend Hike Plan But Remain Weak After Downbeat Report

Shares of Best Buy Co. Inc. pared their losses after having fallen as much as 8.6% in premarket trading on Wednesday. The company reported fiscal fourth-quarter revenue and a first-quarter forecast that missed analysts’ expectations.

Best Buy posted net income of $607.0 million, or $1.91 per share, up from $479.0 million, or $1.40 per share, for the same period last year. Adjusted for one-time items, EPS reached $1.95, beating the $1.67 economists’ consensus.

However, sales only hit $13.48 billion, down from $13.62 billion one year ago, and below the $13.62 billion forecast by analysts. Domestic same-store sales were reported to drop 0.9%, which contrasted with expectations calling for a rise of 0.4%.

For the current quarter, Best Buy expects revenue to come in the range of $8.2 billion and $8.3 billion while domestic same-store sales are forecast to decline from 1% to 2%.

Nevertheless, the company announced a share repurchase plan that accelerates from $1 billion over two years to $3 billion over two years and would raise its quarterly dividend 21% to 34 cents a share.

Trade suggestion
Buy Digital Put Option from 42.00 to 40.00 valid until 21:00 GMT March 01, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Depressed By Strong Dollar And Expectation Of March Rate Hike

Gold futures prices found themselves on a decline on Wednesday, depressed by a strengthening U.S. dollar. The greenback’s bull run was spurred by hawkish comments from U.S. Federal Reserve policymakers instead of highly-awaited Trump’s policy address.

U.S. gold futures dropped more than 0.5% to trade below $1243.00 an ounce in Asian trading session, hitting the lowest level since last Thursday. The precious metal looked set to extend its downward rally to a third straight day after a handful of Fed officials late Tuesday fueled speculations for a March U.S. rate hike.

While New York Fed President William Dudley said that the case for tightening monetary policy “has become a lot more compelling”, San Francisco Fed President John Williams stated that a rate increase next month was very much on the table given full employment and accelerating inflation.

According to CME Group’s Fed Watch Tool, traders saw a nearly 62% chance the U.S. central bank would raise its rate at a mid-March meeting. The dollar index, which measures the greenback against a basket of six major peers advanced 0.24 percent at 101.60.

Trade suggestion
Buy Digital Put Option from 1242.50 to 1235.00 valid until 21:00 GMT March 01, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

From 119.800
Till 120.300

Buy Option Digital
Direction Call
Expiry GMT 21:00 01/03/2017

 

[Option_Banque]

Daily Report on March 02, 2017 by Option Banque

Daily Report on March 02, 2017



Asian shares rally on Thursday, fueled by U.S. indexes having set fresh records on signs growth is firming worldwide. Japanese equities were among top leaders, soaring 0.9 percent to the highest level since December 2015. Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index added 1.1 percent and 0.4 percent, respectively. Meanwhile, Chinese stock markets were also on a rise with Hong Kong’s Hang Seng index topping 24,000-point threshold.

The dollar held on gains after Federal Reserve Governor Lael Brainard echoed her colleagues’ hawkish comments on the monetary policy. In a speech at Harvard University on Wednesday, Brainard, who is consider as one of the Fed biggest skeptics about the strength of the U.S. economy, said “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing and risks to the outlook are as close to balance as they have been in some time.”

Speculation about a U.S. rate hike in a FOMC meeting in mid-March was also spurred by data showed that U.S. manufacturing expanded more than expected in February. According to the Institute of Supply Management, last month’s purchasing manager's index jumped to 57.7, the highest since December 2014. Boosted by a dramatically high-pace increase in new orders, the result beat economists' forecast for 56.2.

Crude oil futures continued to slide on Thursday, stretching its decline for a third consecutive session in Asian trading hours on Thursday. The U.S. Energy Information Administration on Wednesday reported a rise of 1.5 million barrels in domestic crude-oil supplies for the week ended February 24, in line with market expectations. The increase marked the eight straight weekly build, sending total crude inventories to a new record of 520.2 million barrels last week.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

Having been tracing a sharp rally, the pair USDJPY broke out of the 61.8% Fibonacci retracement and is attempting to retest a two-week high at 114.900 logged on February 15th. The uptrend seems to keep on strengthening, as indicated by soaring RSI and ADX indices.

Trade suggestion

Buy Digital Call Option from 114.300 to 114.900 valid until 21:00 GMT March 02, 2017



NZDUSD



Fig: NZDUSD H4 Technical Chart

NZDUSD once again fell below the support at 0.71300 and is heading downwards to the lowest level since January 17 recorded yesterday. While RSI index is pointing to the oversold zone, ADX is edging higher with a wide gap between the –DI and +DI lines, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 0.71100 to 0.70500 valid until 21:00 GMT March 02, 2017



Natural gas



Fig: Natural Gas H4 Technical Chart

Natural gas resumed its up moves following a period of consolidation. The price action crossed over both short-term and long-term MAs yesterday and may turn them into new dynamic support. RSI pulled back from the central line, signaling strengthening uptrend.

Trade suggestion

Buy Digital Call Option from 2.800 to 2.860 valid until 21:00 GMT March 02, 2017



EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD is struggling around the resistance at 1.48000 as buyers are facing a major handle. However, the pair has been supported by two moving averages hanging below the price action. In addition, both ADX and RSI are pointing upwards, indicating a strong bullish momentum.

Trade suggestion

Buy Digital Call Option from 1.48100 to 1.48600 valid until 21:00 GMT March 02, 2017

 

[Option_Banque]

Trade Ideas by Option Banque

Gold Drops To One-Week Low On Rising U.S. Rate Hike Speculation

Gold futures prices resumed their decline on Thursday, on track to lose ground for a third straight session. The precious metal fell to the lowest level in more than one week, weighed down by rising expectations for a U.S. March rate increase.
Gold for April delivery dropped around 1 percent to trade below $1240.00 an ounce after Federal Reserve official Lael Brainard late Wednesday echoed her colleagues’ hawkish comments on the monetary policy. The greenback strengthened, sending the dollar index 0.4 percent higher to trade near its highest levels since Jan 4 at 102.0500.

While a strong dollar causes commodities priced in the currency less affordable for buyers using other monetary units, higher rates tend to diminish demand for non-yielding assets such as gold.

Trade suggestion
Buy Digital Put Option from 1237.00 to 1231.00 valid until 21:00 GMT March 02, 2017



Rising U.S. Oil Shale Production Weighs On The Crude Market

Crude oil futures for April delivery continued to slide on Thursday, stretching its decline for a third consecutive session in Asian trading hours on Thursday.

U.S West Texas Intermediate (WTI) futures lost nearly 0.5% to trade at $53.55 per barrel, depressed by data that showed producers carried on boosting shale oil production.

The U.S. Energy Information Administration on Wednesday reported a rise of 1.5 million barrels in domestic crude-oil supplies for the week ended February 24, in line with market expectations. The increase marked the eight straight weekly build, sending total crude inventories to a new record of 520.2 million barrels last week.

Trade suggestion
Buy Digital Put Option from 53.55 to 53.15 valid until 21:00 GMT March 02, 2017

 

[Option_Banque]

Daily Report on March 03, 2017 by Option Banque

Daily Report on March 03, 2017



Global shares retreated on Friday after U.S equities turned lower as investors were cautious ahead of U.S. Federal Reserve President Janet Yellen’s address on the economic outlook in Chicago later in the day. While Japan’s Topix index lost 0.4 percent, shares in Australia, New Zealand, Hong Kong and South Korea all found them were trading in the red. European shares opened lower with all benchmarks gapped down.

According to data published by Destatis on Friday, Germany's retailers unexpectedly slumped at the start of the year. The European largest economy recorded retail sales in January dropped 0.8% from the previous month, taking account of seasonal swings and calendar effects. The figure contrasted with economists’ forecasts which had called for a gain of 0.2%.

Crude oil markets reversed on Friday, supported by a dollar that edged away from a multi-week high. Russia’s energy ministry data on Thursday showed the country’s February oil output was unchanged from January at 11.11 million barrels per day (bpd). In other words, output-cut amount remains at 100,000 bpd compared to October 2016 level and accounts for a third of what was pledged by Moscow under its agreement with the Organization of the Petroleum Exporting Countries (OPEC).

Elsewhere, Japan's core consumer prices was reported to advance for the first time in over a year in January. Government data pointed to an increase of 0.1% in January from a year ago, posting the first rise since December 2015. Although energy costs rose, a slump in household spending recapped the gain.



Technicals

GBPCHF

Fig: GBPCHF H4 Technical Chart

GBPCHF retested the support at 1.23900 again – the level that has contained the price for almost a month. The pair has been tracing the downtrend since February 24 under the pressure from two MAs moving above the price action. RSI is heading downwards, indicating a strong down trend.

Trade suggestion

Buy Digital Put Option from 1.23900 to 1.23500 valid until 21:00 GMT March 03, 2017



GBPJPY

Fig: GBPJPY H4 Technical Chart

GBPUSD reversed lower after hitting the long-term MA50 again and one more time fell below the support at 140.000. The pair seems to be completing its double top pattern with the price attempting the neck level. The RSI index has moved past the 50 line, indicating an overwhelmingly bullish force in the market. The support at 139.000 is within the sight.

Trade suggestion

Buy Digital Put Option from 137.700 to 137.000 valid until 21:00 GMT March 03, 2017



GOLD

Fig: Gold H4 Technical Chart

Gold broke out of the support at 1231.00 after hovering around this level in Friday’s early trade. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 from above, confirming the downtrend. While ADX continued to soar, RSI has fallen into an oversold zone, signaling a correction.

Trade suggestion

Buy Digital Put Option from 1227.00 to 1220.00 valid until 21:00 GMT March 03, 2017



EURO 50

Fig: EURO 50 H4 Technical Chart

Euro 50 gapped down on Friday, broke out of a trading range around the short-term 20-period moving average. Confirming the downtrend, RSI index fell below the central line. In the event of continual downtrend, the index may drop to as low as the level at 3350.00

Trade suggestion

Buy Digital Put Option from 3370.00 to 3350.00 valid until 21:00 GMT March 03, 2017

 

[Option_Banque]

Silver Trade Idea by Option Banque

Silver Plateaus, Under Pressure of U.S. Rate Hike Bets and Declining India Imports

Silver futures prices were flat in Asian trading hours on Friday after having recorded the largest daily loss since December 15th, 2016. The grey metal was hovering around $17.770 an ounce, depressed by recent hawkish comments from U.S. Federal Reserve policymakers and concerns over declining Indian imports.

According to market sources, silver import by India, one of the world’s top buyers, will probably decline to the lowest level since 2012 this year. Due to the fact that the government cracks down on undisclosed money and farmers struggle for cash while stockpiles remain ample, silver purchases from overseas may continue to contract in 2017 after having plunged 60 percent to about 3,000 tons last year.

On the other hand, Fed officials have been fuelling the expectation for a U.S. March rate increase, boosting the dollar against its peers and making non-yielding assets such as silver less appealing.

Trade suggestion

Buy Digital Put Option from 17.700 to 17.550 valid until 21:00 GMT March 03, 2017

 

[Option_Banque]

EUR/NZD signal by Option Banque

From 1.49500
Till 1.50000

Buy Option Digital
Direction Call
Expiry GMT 21:00 03/03/2017

 

[Option_Banque]

Daily Report on March 06, 2017 by Option Banque

Daily Report on March 06, 2017



Global shares were pulled lower on Monday, weighed by slumps in industrial metal markets and escalating geopolitical tensions. While Asian equities closed lower, declines in copper, zinc and aluminum weighed on miners, pushing down the Stoxx Europe 600 index.

Copper futures in both Shanghai and London stumbled on Monday on concerns over rising output in China. According to the chairman of China’s second-largest refiner of the metal, copper may close this year lower. In an interview in Beijing on Sunday, Jiangxi Copper Co. Chairman Li Baomin on Sunday said that copper price was poised to drop this year on the back of Chinese government announcing growth plan for 2017. He also added that his company will increase production to the maximum capacity of 1.36 million metric tons from about 1.2 million tons last year.

Japanese Yen strengthened versus most of its peers after Japan moved to the highest possible alert level in the wake of North Korea having fired four ballistic missiles into nearby waters. In the latest provocation from Kim Jong Un’s regime, three of the missiles fell into Japan’s exclusive economic zone. Japanese Prime Minister Shinzo Abe told lawmakers in Tokyo that the launches “clearly show that this is a new level of threat” from North Korea and added that the threat was getting closer to his nation’s waters and territory.

Crude oil prices traded lower on Monday, dragged down by an expansion in U.S. oil stockpiles and production and a strengthening dollar that has been spurred by rising possibility that U.S. Federal Reserve may raise rate as soon as later this month.

Data published by oil-field services company Baker Hughes Inc. late Friday showed the number of rigs drilling for oil in the U.S. rose by seven to 609 rigs last week. Meanwhile, the U.S. Energy Information Administration expects domestic oil output will reach 9 million barrels a day in 2017. If confirmed, the data will mark a rise of 100.000 barrels a day compared to the previous year.

On the other hand, markets are also bracing for an interest rate increase by the U.S. central bank on March 14-15th. A rate hike will strengthen the dollar and make dollar-nominated commodities including oil more expensive for foreign buyers, a scenario that often causes prices to fall.



Technicals

GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD reversed lower after its price action hit two resistances at the same time, which are the short-term 20-period moving average and a downtrend line that has connected lower highs for the last one month. RSI is heading downwards, confirming a strengthening bearish momentum.

Trade suggestion

Buy Digital Put Option from 1.22600 to 1.22200 valid until 21:00 GMT March 06, 2017



AUDUSD



Fig: AUDUSD H1 Technical Chart

AUDUSD has breached the 23.6% Fibonacci retracement where it had to give up its bullish momentum to reverse lower last Friday. The pair resumed its uptrend after it fell as low as two MAs. The short-term MA20 has crossed over the long-term MA50 from below, confirming a reversal into an uptrend.

Trade suggestion

Buy Digital Call Option from 0.76100 to 0.76400 valid until 21:00 GMT March 06, 2017



Coffee



Fig: Coffee H4 Technical Chart

Coffee prices extended its downward rally after reversing lower from two moving averages. The commodity breached below the 50.2% Fibonacci retracement and is facing a support at 142.20. RSI is heading downwards from the 50 lines, suggesting an overwhelmingly dominant bear force.

Trade suggestion

Buy Digital Put Option from 142.00 to 140.40 valid until 21:00 GMT March 06, 2017



USDMXN



Fig: USDMXN H4 Technical Chart

USDMXN has broken below the support at 19.50000 after a period of consolidation above this level. Bearish force seems to get stronger, as indicated by a sliding RSI and a soaring ADX index. A widening gap between the –DI and +DI lines also signals further declines.

Trade suggestion

Buy Digital Put Option from 19.45000 to 19.20000 valid until 21:00 GMT March 06, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Boosted Higher On Colder Weather Forecast And Potential Draw In U.S. Storage

U.S. natural gas futures gapped up on Monday, jumping to the highest level in more than two weeks thanks to cooler weather forecasts and expectations that U.S. natural gas storage will have drawn last week.

U.S. natural gas for April delivery soared more than 3 percent to as high as $2.925 per million British thermal units – the level not seen since February 17.

Updated weather forecast showed rain, snow, and cool temperatures will return to the northern and eastern U.S in the next one or two weeks. Cooler weather tends to boost demand for the heating fuel.

Meanwhile, economists expect U.S. weekly storage data due on Thursday will show a draw in a range between 53 and 64 billion cubic feet in the week ended March 3.

Trade suggestion
Buy Digital Call Option from 2.925 to 2.990 valid until 21:00 GMT March 07, 2017