Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Loses Ground On Rising U.S. Production And Firm Dollar

U.S. 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.

Trade suggestion
Buy Digital Put Option from 52.90 to 52.50 valid until 21:00 GMT March 06, 2017

 

[Option_Banque]

GBP/CHF signal by Option Banque

From 1.23800
Till 1.23500

Option Digital
Direction Put
Expiry GMT 21:00 06/03/2017

 

[Option_Banque]

Daily Report on March 07, 2017 by Option Banque

Daily Report on March 07, 2017



Asian shares were flat on Tuesday after Wall Street posted losses overnight. On Monday, U.S. equities dropped about 0.37% after U.S. President Donald Trump imposed a new ban on immigrant. After the first attempt was blocked in the courts, Trump signed a revised executive order, effective March 16, banning citizens from six Muslim-majority countries from travelling to the United States for 90 days. Compared to the first list, Iraq was removed.

The euro was stable after shedding 0.4% on Monday following news that Former Prime Minister Alain Juppe ruled out standing in the country’s presidential elections. The single currency has been driven by political developments of election campaigns in the Netherlands, France and Germany. The fact that Juppe won’t enter the race for the presidency will reduce the chances of anti-euro candidate Marine Le Pen being eliminated in the first round of voting.

Oil prices were little changed for a third session on Tuesday, with investors waiting for economic data later in the week, including import and export data from China and U.S. crude oil inventories for last week on Wednesday. In its five-year "Oil 2017" market analysis, the International Energy Agency (IEA) forecast U.S. shale output to grow at about 1.4 million barrels per day by 2022.

Reserve Bank of Australia on Tuesday kept interest rates unchanged at 1.5 percent. In the RBA statement published at the same time with the rate announcement, Governor Philip Lowe said “Conditions in the housing market vary considerably around the country. In some markets, conditions are strong and prices are rising briskly,” Lowe also added that “Borrowing for housing by investors has picked up over recent months.”



Technicals

GBPAUD


Fig: GBPAUD H4 Technical Chart

GBPAUD slumped after moving sideways around the level at 1.61300. The pair has officially broken below the short-term 20-period moving average and is struggling with a support at 1.60500. RSI is pointing downwards, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 1.60500 to 1.60000 valid until 21:00 GMT March 07, 2017



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD stumbled from nearly one-month high at 1.40000 to trade nearly 1.38700. The price action has crossed over the short-term MA20 and is heading downwards to a support at 1.38000. While RSI has moved past the 50 line, the –DI line has penetrated the +DI line from below, indicating a strong bearish force.

Trade suggestion

Buy Digital Put Option from 1.38700 to 1.38000 valid until 21:00 GMT March 07, 2017



Sugar



Fig: Sugar H4 Technical Chart

Sugar resumed its downtrend after a correction that brought the commodity to as high as 19.83. The price, however, headed back down to struggling around the support at 19.13. With RSI on a decline, sugar price may fall lower to test a major support at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 19.10 to 18.75 valid until 21:00 GMT March 07, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver reversed lower under pressure exerted by two moving averages that are hanging above the price action. The RSI index has almost penetrated the oversold zone, suggesting an overwhelming dominating bearish momentum in the market. A support at 17.550 is within the sight.

Trade suggestion

Buy Digital Put Option from 17.700 to 17.550 valid until 21:00 GMT March 07, 2017

 

[Option_Banque]

Pound Plunges To Seven-Week Low Ahead Britain’s Parliament Vote

Pound Plunges To Seven-Week Low Ahead Britain’s Parliament Vote

British Pound slumped to a seven-week low against the dollar on Tuesday as a strengthening dollar pushed the pair lower ahead of a second vote in Britain’s upper house of parliament which may give parliamentarians a greater say over the terms of Britain’s exit from the EU.

The pound dropped more than 3% to trade below $1.2200 – the lowest level since mid-January. Prime Minister Theresa May is to trigger the Article 50 EU exit mechanism later this month and her peers in the chamber will vote in an attempt to require the government to give Parliament a “meaningful vote” on the eventual deal with the bloc.

Meanwhile, the dollar has been on a rise versus most of its rivals due to rising expectations for a rise in U.S. interest rates this month.

Trade suggestion
Buy Digital Put Option from 1.21900 to 1.21500 valid until 21:00 GMT March 07, 2017

 

[Option_Banque]

PepsiCo Trade Signal by Option Banque

AUD/CAD signal by Option Banque

From 1.01800
Till 1.2100

Buy Option Digital
Direction Call
Expiry GMT 21:00 07/03/2017

NZD/JPY signal by Option Banque

From 79.500
Till 79.000

Option Digital
Direction Put
Expiry GMT 21:00 07/03/2017

 

[Option_Banque]

Daily Report on March 08, 2017 by Option Banque

Daily Report on March 08, 2017



Asian shares retreated on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in early trade. While Japan’s shares and Australian equities edged lower, Chinese stocks were on a rise. Particularly, Japan’s Topix index dropped 0.4 percent and the S&P/ASX 200 Index lost 0.2 percent.

Meanwhile, the Hang Seng index added 0.5 percent and Chinese shares traded in Hong Kong jumped 0.8 percent after a report showed imports surged in February. According to the General Administration of Customs, China's exports denominated in yuan rose 4.2 percent in February from a year earlier, but imported soared dramatically by 44.7 percent, leaving a trade deficit of 60.4 billion yuan.

Crude oil futures edged lower on Wednesday after plunged on Tuesday on the back of an industry report that showed U.S. crude inventories increased last week. The American Petroleum Institute on Tuesday said that U.S. supplies rose 11.6 million barrels last week, much higher than economists’ forecast for a rise of 1.1 million barrels. Energy Information Administration data will be published later on the day.

U.S. crude shale output is expected to keep rising and may reach a record next year as domestic drillers jumped back in the market in the wake of higher prices. According to EIA’s monthly Short-Term Energy Outlook released on Tuesday, U.S. production will surge to 9.21 million barrels a day in 2017 from 8.98 million projected in February. The agency also stated that output is anticipated to increase to an average 9.73 million barrels a day for 2018, and may top 10 million barrels a day in December 2018.



Technicals

EURJPY


EURJPY fell lower following a period of moving sideways below the resistance at 23.6% Fibonacci retracement. The pair also breached the support at 120.300 and officially sent the price into the bearish territory. With declining RSI and soaring ADX index, the pair is heading downwards to another support at 119.700.

Trade suggestion

Buy Digital Put Option from 120.100 to 119.700 valid until 21:00 GMT March 08, 2017



GBPJPY


GBPJPY has been on a decline for four days in a row, under downwards pressure from two MAs which are hanging above the price action. The pair broke below the support at 139.000 with strong bearish momentum, as indicated by sliding RSI index and soaring ADX index.

Trade suggestion

Buy Digital Put Option from 138.700 to 138.000 valid until 21:00 GMT March 08, 2017



BRENT



Brent crude has been trading in a downward slopping trend with lower highs and lower lows formed along the trading channel. The commodity has broken out of a support at 55.60 and is attempting another key support at 55.00 – which forced the price to reverse higher last Friday.

Trade suggestion

Buy Digital Put Option from 55.50 to 55.00 valid until 21:00 GMT March 08, 2017



Natural Gas


Natural Gas pulled back with the support from two moving averages hanging below the price action. The commodity market rebounded to the bullish territory, as indicated by RSI index. The price is struggling with the resistance at 2.860. In the event of continual uptrend, the price may retest the handle at 2.945.

Trade suggestion

Buy Digital Call Option from 2.870 to 2.945 valid until 21:00 GMT March 08, 2017

 

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Drops After API Report And EIA’s Energy Outlook

Crude oil futures edged lower on Wednesday after plunged on Tuesday on the back of an industry report that showed U.S. crude inventories increased last week.

The American Petroleum Institute on Tuesday said that U.S. supplies rose 11.6 million barrels last week, much higher than economists’ forecast for a rise of 1.1 million barrels. Energy Information Administration data will be published later on the day.

U.S. crude shale output is expected to keep rising and may reach a record next year as domestic drillers jumped back in the market in the wake of higher prices. According to EIA’s monthly Short-Term Energy Outlook released on Tuesday, U.S. production will surge to 9.21 million barrels a day in 2017 from 8.98 million projected in February.

The agency also stated that output is anticipated to increase to an average 9.73 million barrels a day for 2018, and may top 10 million barrels a day in December 2018.

Trade suggestion
Buy Digital Put Option from 52.75 to 52.30 valid until 21:00 GMT March 08, 2017

 

[Option_Banque]

PepsiCo Trade Signal by Option Banque

AUD/USD signal by Option Banque
From 0.75550
Till 0.75200
Sell Option Digital
Direction Put
Expiry GMT 21:00 08/03/2017


GBP/USD signal by Option Banque
From 1.21500
Till 1.21000
Option Digital
Direction Put
Expiry GMT 21:00 08/03/2017

 

[Option_Banque]

Daily Report on March 09, 2017 by Option Banque

Daily Report on March 09, 2017



Tracing declines in Asian trading session, European shares opened lower, weighed down by energy companies and utilities. The Stoxx Europe 600 index lost 0.2 percent in early trade while Hang Seng China Enterprises Index in Hong Kong led losses in Asia, falling the most since December 15th, 2016. Supported by a softening Yen, Japanese equities were lone gainers.

Gold fell to the lowest in five weeks on Thursday to trade below $1205.00 an ounce in early European trade – the level not seen since early February on the back of the greenback rallying after Payroll processor ADP reported that the U.S. private sector added 298,000 jobs in February. The result was well above forecasts for an increase of 190,000 and also the largest increase in private sector hiring since March 2006. Furthermore, January’s figure was revised up to show an increase of 261,000 jobs from the previous report of 246,000.

Markets were waiting for government employment report for February due on Friday. A strong reading would cement speculations of a rate increase at the Fed’s March 14-15 meeting and spur the dollar higher. A stronger currency tends to make dollar-nominated assets like gold less affordable for buyers holding other currencies while higher rate causes gold less appealing as the precious metal offers no yield.

Elsewhere, China National Statistics Bureau on Thursday reported the country’s producer price inflation accelerated to its fastest pace in nearly nine years in February while consumer inflation, by contrast, cooled more than expected to its slowest pace since January 2015. Spurred by a rally in prices of steel and other raw materials, the producer price index (PPI) jumped 7.8 percent in February from a year earlier, beating analysts’ forecast of a 7.7 percent gain.

However, China's consumer inflation rate slowed to 0.8 percent last month due to a decline in food prices following the long Lunar New Year celebrations. Economists had expected the CPI to rise 1.7 percent after an acceleration of 2.5 percent in January.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY resumed its rally after a short correction on Monday. The pair is struggling at a resistance at 114.900 and appears to continue heading upwards with the support of two MAs hanging below the price action. Both RSI and ADX indices are pointing up, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 114.900 to 115.300 valid until 21:00 GMT March 09, 2017

AUDUSD


Fig: AUDUSD H4 Technical Chart

AUDUSD has breached the support at 0.75000, extending its slide to a second day and sending the price to the lowest level since January 17. As the market has entered the oversold zone, the downtrend may be short-lived. The support at 38.2% level is within the sight.

Trade suggestion

Buy Digital Put Option from 0.74900 to 0.74500 valid until 21:00 GMT March 09, 2017



Coffee



Fig: Coffee H4 Technical Chart

Coffee prices reversed lower at the resistance at 142.20 with the bullish force being depressed by the short-term MA20 which was hanging above the price action. RSI also pulled back to head lower, suggesting a stronger bearish momentum. A support at 139.40 is expected to be retested.

Trade suggestion

Buy Digital Put Option from 141.00 to 139.40 valid until 21:00 GMT March 09, 2017



FTSE 100



Fig: FTSE 100 Index H4 Technical Chart

FTSE 100 index has crossed over the long-term MA50, which indicates a strong downtrend. As well as the RSI index move past the 50 line, the index is expected to fall lower as the bear is dominating in the market. In the event of continual downtrend, the index may fall as low as 7260.00.

Trade suggestion

Buy Digital Put Option from 7290.00 to 7260.00 valid until 21:00 GMT March 09, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Surges High As U.S. Inventories Fall Larger-Than-Expected

U.S. natural gas rose to a nearly three-week high on Thursday after a weekly report showed that U.S. domestic supplies of the commodity fell sharper than expected.

April natural gas surged more than 2.1% to $2.974 per million British thermal units as data from the U.S. Energy Information Administration indicated that inventories dropped by 68 billion cubic feet for the week ended March 3, which was well above economists’ expectations calling for a decline of 58 billion cubic feet.

According to government data, total stocks now stand at 2.295 trillion cubic feet, down 192 billion cubic feet from a year ago, but 363 billion cubic feet above the five-year average.

Trade suggestion
Buy Digital Call Option from 2.980 to 3.030 valid until 21:00 GMT March 09, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Tumbles As ADP Data Strengthens Bets On U.S. Rate Hike Next Week

Gold fell to the lowest in five weeks on Thursday as the dollar held on gains versus most of its peers after a strong hiring data from payroll processor Automatic Data Processing overnight which helped raise the bets on a Federal Reserve rate hike next week.

Gold traded below $1205.00 an ounce in early European trade – the level not seen since early February on the back of the greenback rallying after Payroll processor ADP reported that the U.S. private sector added 298,000 jobs in February. The result was well above forecasts for an increase of 190,000 and also the largest increase in private sector hiring since March 2006. Furthermore, January’s figure was revised up to show an increase of 261,000 jobs from the previous report of 246,000.

Markets were waiting for government employment report for February due on Friday. A strong reading would cement speculations of a rate increase at the Fed’s March 14-15 meeting and spur the dollar higher. A stronger currency tends to make dollar-nominated assets like gold less affordable for buyers holding other currencies while higher rate causes gold less appealing as the precious metal offers no yield.

Trade suggestion
Buy Digital Put Option from 1204.50 to 1200.00 valid until 21:00 GMT March 09, 2017

 

[Option_Banque]

USD/CAD signal by Option Banque

From 1.35000
Till 1.35400

Buy Option Digital
Direction Call
Expiry GMT 21:00 09/03/2017

 

[Option_Banque]

Daily Report on March 10, 2017 by Option Banque

Daily Report on March 10, 2017



Global shares rose on Friday with MSCI's broadest index of Asia-Pacific shares outside Japan edging 0.5 percent higher. Tracing a modest bounce in Wall Street overnight, Hong Kong’s Hang Seng aded 0.2 percent, Singapore’s Straits Times Index jumped 0.5 percent while Japan’s Topix index surged 1.2 percent, the most in a week.

Meanwhile, shares in South Korea climbed 0.3 percent and the won also firmed slightly after the country's Constitutional Court removed President Park Geun-hye from office on Friday over a graft scandal involving the country's conglomerates at a time of rising tensions with North Korea and China.

The dollar held on gains on Friday ahead of the monthly report on labor market. The non-farm payrolls are expected to show a growth of 200,000 workers in February. Previously, also a report on Thursday that showed the number of Americans applying for unemployment benefits rose to 243,000 last week, pointing to a tightening labor market. The dollar index against a basket of major currencies was up 0.1 percent at 101.900.

U.S. crude prices fluctuated on Friday, struggling to find direction after having fallen below $50 per barrel on the day before as concerns over a global glut overshadowed bullish sentiment from output cuts by major exporters. West Texas Immediate was flat in early European trade, on track for 7 percent decline this week – the biggest weekly drop since early November. The prices have been under pressure from rising production in the U.S. where producers are drilling more wells and pumping more oil on the back of rising oil prices.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY pulled back from a support at 115.300 after having a breather at nearly two-month highs at 115.488. The RSI is hovering around the 70 line, which indicates that the market has entered the overbought zone. However, ADX keeps soaring, suggesting a strong bullish trend currently.

Trade suggestion

Buy Digital Call Option from 115.500 to 116.000 valid until 21:00 GMT March 10, 2017



EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY reached its peak since February 01st, sending the market into the oversold territory. Nonetheless, the bullish momentum seems not to have any intention to jump on a break, as indicated by ADX that keeps soaring. The resistance at 123.000 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 122.500 to 123.000 valid until 21:00 GMT March 10, 2017



USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF has been moving sideways to higher with the support from the long-term 50-period moving average. RSI has moved past the 50 line, suggesting potentially upcoming up moves.

Trade suggestion

Buy Digital Call Option from 1.01300 to 1.01600 valid until 21:00 GMT March 10, 2017



BRENT



Fig: BRENT H4 Technical Chart

U.K. Brent crude has been fallen into a consolidation after plunging to the lowest level since November 30th, 2016. Long lower shadows of the last two candles show that the price is inclined to edge lower but buyers jumped in every time to buy up. However, the market has been in the bearish territory. The support at 51.60 is within the sight.

Trade suggestion

Buy Digital Put Option from 52.30 to 51.60 valid until 21:00 GMT March 10, 2017

 

[Option_Banque]

U.S. Producers Ramp Up Shale Production, Oil Plunges To Three-Month Lows

U.S. crude prices fluctuated on Friday, struggling to find direction after having fallen below $50 per barrel on the day before as concerns over a global glut overshadowed bullish sentiment from output cuts by major exporters.

West Texas Immediate was flat in early European trade, on track for 7 percent decline this week – the biggest weekly drop since early November. The prices have been under pressure from rising production in the U.S. where producers are drilling more wells and pumping more oil on the back of rising oil prices.

Besides the fact that U.S. crude inventories rose by 8.2 million barrels last week to a record 528.4 million barrels, U.S. producers are putting pressure on prices by planning to expand crude production in North Dakota, Oklahoma and other shale regions.

The U.S. Energy Information Administration forecast U.S. oil output to increase to an average of 9.7 million barrels per day in 2018.

Trade suggestion
Buy Digital Put Option from 49.50 to 48.90 valid until 21:00 GMT March 10, 2017

 

[Option_Banque]

EUR/USD signal by Option Banque

From 1.06000
Till 1.06300

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/03/2017

 

[Option_Banque]

EUR/CAD signal by Option Banque

EUR/CAD signal by Option Banque

From 1.43700
Till 1.44000

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/03/2017

 

[Option_Banque]

Daily Report on March 13, 2017 by Option Banque

Daily Report on March 13, 2017



Global shares edged higher on the first day of an eventful week, supported by a positive U.S. jobs report published last Friday. The MSCI Asia Pacific Index surged 0.7 percent with gains led by a rise of 1.9 percent in the Hang Seng China Enterprises Index. Japan’s Topix rose 0.2 percent while the Stoxx Europe 600 added less than 0.1 percent, extending the rally to a fourth straight session.

The pair EURUSD surged more than 0.1% to break though the $1.07000 threshold. The pair traded at the highest level since Feb. 9 at $1.07053 in the second half of Asian trading. Some members of the ECB's Governing Council on Thursday discussed the possibility of higher interest rates before the end of its quantitative easing program. Although the talk on the issue was brief and did not receive broad support, the single currency has been received great support.

On the other hand, markets were waiting for the U.S. central bank’s meeting due later this week with high expectation of a rate increase. According to CME Group's Fed Watch tool, Fed fund futures prices showed investors pricing in more than a 90 percent chance of an increase in U.S. overnight interest rates. Besides the Fed, investors will also be looking for rate decisions from other central bank namely Bank of Japan and Bank of England.

As reported by the Japanese Cabinet Office, the country’s core machinery orders unexpectedly fell in January following a rebound in December, when core orders rose 2.1 percent. Core machinery orders fell 3.2 percent in January, dipping the most in five months and missing the economists' median estimate of a 0.5 percent increase.



Technicals

AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD has been inching higher since it broke out of a consolidation around the 61.8% Fibonacci retracement. The price action has also crossed over the short-term MA20, confirming the comeback of the uptrend. Both RSI and ADX indices are heading upwards, which signals further up moves.

Trade suggestion

Buy Digital Call Option from 1.09200 to 1.09700 valid until 21:00 GMT March 13, 2017



EURCHF


Fig: EURCHF H4 Technical Chart

EURCHF pulled back after a correction which brought the pair to as low as 1.07450. The pair remained in the bullish zone, as indicated by the RSI index that has reversed higher and is heading upwards. With two MAs moving below the price action, the pair may attempt a resistance at 1.08000.

Trade suggestion

Buy Digital Call Option from 1.07600 to 1.08000 valid until 21:00 GMT March 13, 2017



Copper



Fig: Copper H4 Technical Chart

Copper extended its rally which began after the commodity prices reversed higher at a support at 2.5600. The price saw a correction following a penetration with the short-term MA20. However, the bullish momentum managed to cross over the dynamic resistance and may support to price to retest a major resistance at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 2.6300 to 2.6600 valid until 21:00 GMT March 13, 2017



DAX 30



Fig: DAX 30 Index H4 Technical Chart

DAX 30 index has been moving sideways in a narrow trading range between a support at 11930.00 and 12060.00. The index has rebounded from the lower boundary and is pointing upwards in an attempt to test the upper boundary after its price action has crossed over two moving averages.

Trade suggestion

Buy Digital Call Option from 11985.00 to 12060.00 valid until 21:00 GMT March 13, 2017

 

[Option_Banque]

EURUSD Trade Idea by Option Banque

Euro Hits One-Month High On ECB’s Rate-Hike Talk, Dollar Awaits Fed Meeting

The euro hit an over one-month high versus the U.S. dollar in Asian trading hours on Monday on the back of the European Central Bank policy meeting last Thursday where some of its policymakers said interest rates may have been hiked before bond purchases end.

The pair EURUSD surged more than 0.1% to break though the $1.07000 threshold. The pair traded at the highest level since Feb. 9 at $1.07053 in the second half of Asian trading. Some members of the ECB’s Governing Council on Thursday discussed the possibility of higher interest rates before the end of its quantitative easing program. Although the talk on the issue was brief and did not receive broad support, the single currency has been received great support.

On the other hand, markets were waiting for the U.S. central bank’s meeting due later this week with high expectation of a rate increase. According to CME Group’s FedWatch tool, Fed fund futures prices showed investors pricing in more than a 90 percent chance of an increase in U.S. overnight interest rates.

Trade suggestion
Buy Digital Call Option from 1.0750 to 1.07400 valid until 21:00 GMT March 13, 2017

 

[Option_Banque]

Trade signals by Option Banque

GBP/AUD signal by Option Banque

From 1.61500
Till 1.62000

Buy Option Digital
Direction Call
Expiry GMT 21:00 13/03/2017

EUR/AUD signal by Option Banque

From 1.40500
Till 1.40000

Option Digital
Direction Put
Expiry GMT 21:00 14/03/2017

 

[Option_Banque]

Daily Report on March 14, 2017 by Option Banque

Daily Report on March 14, 2017



Asian shares inched higher on Tuesday with gains in Chinese equities countering losses in Japan’s stocks. The MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent, led by Chinese shares traded in Hong Kong that climbed 0.6 percent after data showed China’s economy started the year on a firm footing. Japan's Nikkei .N225 inched down 0.1 percent, slipping for the first time in four days as the yen fluctuated.

China's factory output and fixed-asset investment grew more strongly than expected in the first two months of the year. Particularly, the country’s industrial output rose 6.3 percent in January-February from the same period a year earlier, beating forecast for a rise of 6.2 percent. Fixed-asset investment expanded 8.9 percent while analysts had expected a growth of 8.2 percent.

In contrast to both industrial output and fixed-asset investment that topped projections, retail sales disappointed after the government reduced a tax break on small cars. Combined retail sales of China for January and February rose only 9.5 percent from a year earlier, missing expectations of 10.5 percent after having soared by 10.9 percent in December.

Sterling weakened versus most of its rivals on Tuesday following Britain's parliament’s decision to pass legislation allowing the government to invoke Article 50 of the Lisbon Treaty. Parliament on Monday paved the way for Prime Minister Theresa May to launch divorce talks with the European Union with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver. According to market sources, May is preparing to trigger Brexit in the last week of March.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY is tracing a double-top pattern after having reversed lower at the high of 140.470. The pair is testing the neck level and has hit the long-term MA50 and may fell further as the market has entered the bearish zone. A support at 139.000 is within the sight.

Trade suggestion

Buy Digital Put Option from 139.700 to 139.000 valid until 21:00 GMT March 14, 2017



USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY has been tracing an uptrend along the short-term MA20 after having reversed higher from the low at 114.460. Both the RSI and ADX indices are soaring higher, suggesting a strong uptrend. The resistance at 115.500 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 115.000 to 115.500 valid until 21:00 GMT March 14, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold continued to edge lower, depressed by a short-term MA20 that is moving above the price action. The bear jumped back into the market after the bull failed to bring the price go beyond the 50.0% Fibonacci retracement. RSI index has been moving downwards, indicating a strong bearish momentum.

Trade suggestion

Buy Digital Put Option from 1202.00 to 1195.00 valid until 21:00 GMT March 14, 2017



Natural Gas



Fig: Natural gas H4 Technical Chart

As can be seen from the chart, the price action has pulled back after having hit the short-term MA20. With the support of the moving average, the commodity is expected to test the resistance at 61.8% Fibonacci retracement. RSI is heading upwards and moving in the bullish zone, signaling further up moves.

Trade suggestion

Buy Digital Call Option from 3.030 to 3.065 valid until 21:00 GMT March 14, 2017