Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Extends Downward Rally As OPEC Revises Up Forecasts For International Output

Crude prices hit the lowest level since November 30, 2016 after a monthly report from the Organization of the Petroleum Exporting Countries pointed to an increase in crude inventories of developed countries.

Brent crude fell to as low as $50.40 per barrel – the level not seen in three-and-a-half month as OPEC said in its monthly report that oil inventories in developed countries had risen above the five-year average to stand 278 million barrels in January regardless of efforts by major producers to curb crude output.

The report also revised up its forecast for production outside OPEC by 400,000 bpd, 160,000 more than previously expected. The comeback of U.S. shale drilling is also anticipated to push U.S. output higher by 100,000 bpd in 2017.

Trade suggestion
Buy Digital Put Option from 50.40 to 49.70 valid until 21:00 GMT March 14, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

Pound Hits Two-Month Lows, U.K. Shares Gap Up

U.K. shares gapped up on Tuesday, spurred by a weakening British Pound after Britain’s parliament’s decision to pass legislation allowing the government to invoke Article 50 of the Lisbon Treaty.

The FTSE 100 index rose more than 0.1 percent, finding supports from oil and gas, health care and consumer-goods shares but banking stocks were trading lower, which caused the gain for the benchmark to be limited.

The Pound dropped more than 0.75 percent, dropping to as low as $1.21081 after the Parliament on Monday paved the way for Prime Minister Theresa May to launch divorce talks with the European Union. According to market sources, May is preparing to trigger Brexit in the last week of March. A weaker pound tends to boost U.K. shares as it raises the prospect for higher earnings and revenue made overseas by multinational companies listed in London.

Topping the market, shares of Prudential PLC added nearly 4 percent after the U.K.’s largest insurer announced to raise its ordinary dividend after earnings rose 7 percent.

Trade suggestion
Buy Digital Call Option from 7375.00 to 7390.00 valid until 21:00 GMT March 14, 2017

 

[Option_Banque]

EUR/GBP signal by Option Banque

From 0.87300
Till 0.87700

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

 

[Option_Banque]

Daily Report on March 15, 2017 by Option Banque

Daily Report on March 15, 2017



European shares gained on Wednesday while Asian stocks consolidated. Boosted by shares of raw-material producers which rallied 2.2 percent as a group, the Stoxx Europe 600 Index jumped 0.4 percent. In Asian trading hours, Australia’s S&P/ASX 200 Index climbed 0.3 percent, reversing higher after earlier drop of as much as 0.6 percent.

Hong Kong’s Hang Seng and Hang Seng China Enterprises Index pared losses after Chinese Premier Li Keqiang said at his annual news conference at the end of the annual meeting of China's parliament that China supports globalization and free trade and will quicken the pace of opening its economy. Li also said that Beijing does not want to see a trade war with the United States and is seeking talks between both sides to achieve common ground.

The Premier also guaranteed normal use of foreign exchange for firms and individuals despite the decline in the country’s foreign exchange reserves. Li said China's foreign exchange reserves are still sufficient to cover imports and foreign debt payments.

Crude oil pulled back from a fall on Tuesday after the industry-funded American Petroleum Institute reported that U.S. inventories may have dropped by 531,000 barrels last week. Tuesday’s steep declines came after an OPEC report showed Saudi Arabia’s production climbed back above 10 million barrels a day in February.

The dollar weakened versus most of its rivals on Wednesday ahead of the Federal Reserve’s rate decision which will be announced after the central bank’s two-day meeting. Markets are widely expecting a quarter-point hike later on the day and are also looking to Chair Janet Yellen’s news conference a half hour later for any hints of a change in the number of increases the central bank foresees this year.



Technicals

AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD has been struggling around the resistance at 1.02000 for a half month. The pair retreated yesterday after a failed attempt to move past the major handle but reversed higher again with supports from two MAs hanging below the price action. RSI is soaring, confirming the up trend.

Trade suggestion

Buy Digital Call Option from 1.02100 to 1.02500 valid until 21:00 GMT March 15, 2017



GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD retreated under pressure from two MAs moving above the price action and from a resistance at 1.22500 which has forced the pair to reverse lower twice this week. The market returned to the bearish zone with RSI falling back below 50. In the event of continual downtrend, the pair is anticipated to retest the low at 1.21000.

Trade suggestion

Buy Digital Put Option from 1.21700 to 1.21000 valid until 21:00 GMT March 15, 2017



COPPER



Fig: COPPER H4 Technical Chart

Copper has finally broken through a major resistance at 23.8% Fibonacci retracement after a retreat yesterday stemming from the fact that the price action hit the Fib. handle. The price action is moving above a couple of MAs and is expected to edge higher to test another resistance at 2.7000.

Trade suggestion

Buy Digital Call Option from 2.6600 to 2.7000 valid until 21:00 GMT March 15, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold is tracing the short-term MA20 to trade lower. The precious metal has been moving sideways to lower since it retreated from the 50.0% Fibonacci level and with a market that has been in the bearish territory, as indicated by the RSI index, gold is expected to test a support at 1195.00.

Trade suggestion

Buy Digital Put Option from 1221.00 to 1195.00 valid until 21:00 GMT March 15, 2017

 

[Option_Banque]

Crude Trade Idea by Option Banque

Crude Oil Ignores First U.S. Supply Draw In 10 Weeks, Trading In Narrow Range

Crude oil were flat in early trading hours on Wednesday, received not much support from a surprise drawdown in U.S. inventories. April West Texas Intermediate crude were trading around $48.60 per barrel at 3:00 pm GMT on the New York Mercantile Exchange after the U.S. Energy Information Administration reported domestic crude-oil supplies dropped for the first time in 10 weeks.

Crude supplies were announced to fall by 200,000 barrels for the week ended March 10. This was in a stark contrast to expectations of economists who forecast an increase of 3.3 million barrels.

Also supporting the price, the monthly report published by the International Energy Agency (IEA) on Wednesday suggested OPEC cuts should create a crude deficit in the first half of 2017. The EIA stated that if the group maintains its output curb to June, the market could show an implied deficit of 500,000 bpd.

Trade suggestion
Buy Digital Call Option from 48.80 to 49.50 valid until 21:00 GMT March 15, 2017

 

[Option_Banque]

NZD/JPY signal by Option Banque

From 79.600
Till 80.000

Buy Option Digital
Direction Call
Expiry GMT 21:00 15/03/2017

 

[Option_Banque]

Daily Report on March 16, 2017 by Option Banque

Daily Report on March 16, 2017



Tracing higher closes on Wall Street overnight, Asian shares rose strongly on Thursday with the MSCI Asia Pacific Index jumping 1.1 percent to the highest level since June 2015. Hong Kong’s Hang Seng gained 1.2 percent and the Hang Seng China Enterprises Index climbed 1.6 percent while South Korea’s Kospi added 0.7 percent. Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index increased 0.2 percent and 0.6 percent, respectively.

Gold surged considerably to more than one-week highs on Thursday on the back of the dollar having plunged steeply after Fed raised rate but signaled no pick-up in the pace of tightening. Gold futures prices for April delivery jumped around 2% to trade at $1225.00 an ounce as the greenback lost ground versus most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent.

This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal. However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be "gradual."

Crude oil prices extended its rally in early Asian trading on Thursday after official data showed U.S. inventories had eased from record highs. Weekly data published by the U.S. Energy Information Administration (EIA) showed U.S. crude stocks fell for first time after nine straight increases last week. Crude stockpiles fell 237,000 barrels in the week to March 10, in a marked contrast to analysts’ forecast for an increase of 3.7 million barrels.

Australian unemployment was reported to unexpectedly climb in February as the economy shed jobs. The Australian Bureau of Statistics on Thursday posted jobless rate of 5.9% last month which rose to a 14-month high as the total number of people with jobs fell by 6,400 in February. Economists had expected the labor market to add 15,000 jobs in order to maintain the unemployment rate at 5.7%.



Technicals

EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD rebounded from the long-term MA50 and is challenging the short-term MA20. Recent up moves have brought the market back to the bullish zone. ADX index is inching lower, suggesting a weakening former downtrend. Continual uptrend may send the price back to the highest level since Monday at 1.54500.

Trade suggestion

Buy Digital Call Option from 1.53500 to 1.54500 valid until 21:00 GMT March 16, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY dropped back to a major support at 139.000 which it has tested for several times in more than one week. The pair has been under downward pressure from two MAs hanging above the price action. The market fell into the bearish market and the price may fall to as low as 138.500.

Trade suggestion

Buy Digital Put Option from 139.000 to 138.500 valid until 21:00 GMT March 16, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude pulled back from a fixed support at 51.60 where it also faced a dynamic support that is the short-term MA20. The commodity market has entered the bullish territory with RSI index moving past the 50 line. ADX is also on a rise, suggesting strengthening current uptrend.

Trade suggestion

Buy Digital Call Option from 52.15 to 53.00 valid until 21:00 GMT March 16, 2017



EURO 50



Fig: EURO 50 index H4 Technical Chart

Having been supported by two moving averages which are tracing higher below the price action, the stock benchmark is heading to retest a fifteen-month high at 3441.00, logged last Friday. However, with strong bullish momentum as indicated by rising RSI and ADX indices, the Euro 50 is expected to surge higher than that.

Trade suggestion

Buy Digital Call Option from 3430.00 to 3480.00 valid until 21:00 GMT March 16, 2017

 

[Option_Banque]

USDCAD trade idea by Option Banque

USDCAD Tumbles To Two-Week Lows As Oil Edges Higher While Dollar Hit By Fed

Canadian dollar soared to the highest level in more than two weeks versus its American counterpart on Thursday, supported by a rising crude price while the dollar lost ground after Fed raised rate but signaled no pick-up in the pace of tightening.

The pair USDCAD dropped to as low as 1.32800 as the dollar weakened broadly against most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent. This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal.

However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be “gradual.”

Meanwhile, crude oil futures prices extended its rally in early European trading hours on Thursday after official data on Wednesday showed U.S. inventories had eased from record highs. Weekly data published by the U.S. Energy Information Administration (EIA) showed U.S. crude stocks fell 237,000 barrels in the week to March 10, which was in a marked contrast to analysts’ forecast for an increase of 3.7 million barrels.

Trade suggestion
Buy Digital Put Option from 1.32800 to 1.32400 valid until 21:00 GMT March 16, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Jumps 2% In The Aftermath Of Fed Signalling “Gradual” Path To Hike Rates

Gold surged considerably to more than one-week highs on Thursday on the back of the dollar having plunged steeply after Fed raised rate but signaled no pick-up in the pace of tightening.

Gold futures prices for April delivery jumped around 2% to trade at $1225.00 an ounce, the highest level since March 07th, as the greenback lost ground versus most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent.

This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal.

However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be “gradual.”

Trade suggestion
Buy Digital Call Option from 1225.00 to 1235.00 valid until 21:00 GMT March 16, 2017

 

[Option_Banque]

GBP/USD signal by Option Banque

From 1.23500
Till 1.24000

Buy Option Digital
Direction Call
Expiry GMT 21:00 16/03/2017

 

[Option_Banque]

Daily Report on March 17, 2017 by Option Banque

Daily Report on March 17, 2017



Asian shares found themselves on an advance on Friday, looking set for their best weekly rally since mid- July. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent, on course to finish the week 3.5 percent higher, the biggest gain since the week ended July 15. While Chinese equities were also steady, set for a 1.6 percent increase for the week and Hong Kong's Hang Seng index stayed on track to log its biggest increase since September with a rise of 3.4 percent, Japan's Nikkei lost 0.3 percent, and is poised for a 0.4 percent loss for the week.

The greenback continued to remain week after the Federal Reserve raised interest rates by 25 basis points on Wednesday but kept to its original forecast of three rate hikes this year. The dollar index, which tracks the greenback against a basket of six trade-weighted peers, retreated 0.1 percent to 100.26. The index hit a five-week low on Thursday, and is looking for a decrease of almost 1 percent for the week as investors who were expecting for a more aggressive rate-hike path were disappointed.

The Bank of England on Thursday held its benchmark interest rate steady at 0.25% following officials' March policy meeting. However the meeting signaled an increase may not be far off as one of the nine members voting to raise rates for the first time in eight months. The bank cited uncertainty surrounding Britain's prospects as it prepares for exit talks with the European Union as a reason for keeping rates intact.

Crude oil prices were little changed in Asian trading hours on Friday and may close the week a little bit higher after having slumped steeply last week. Markets were still looking for clues on how effectively OPEC production cuts are working to encounter rising output from U.S. shale oil production.



Technicals

NZDUSD



Fig: NZDUSD H4 Technical Chart

NZDUSD rebounded from a key support at 38.2% Fibonacci retracement. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a reversal into an uptrend. RSI index is soaring higher, which signals further advances to come. A resistance at 0.70400 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 0.70000 to 0.70400 valid until 21:00 GMT March 17, 2017



GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF has turned a dynamic resistance that is the long-term MA50 into a new support. RSI has bounced back from the 50 line, suggesting a new uptrend following a short correction. The pair is anticipated to attempt a resistance at 1.23600 – the level at which the price had to reversed lower twice in the last one week.

Trade suggestion

Buy Digital Call Option from 1.23200 to 1.23600 valid until 21:00 GMT March 17, 2017



COPPER



Fig: COPPER H1 Technical Chart

Copper has broken out of a trading range supported by a couple of moving averages. The pair broke below the long-term MA50 and is heading downwards to the 23.6% Fibonacci retracement. A key support coupled with the fact that the market looked set to enter the oversold zone caused the down move to be short-lived.

Trade suggestion

Buy Digital Put Option from 2.6600 to 2.6500 valid until 21:00 GMT March 17, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas continued to edge lower under the pressure from two moving averages hanging above the price action. The downtrend seems to be strengthening as RSI is pointing to the oversold zone. The support at 2.830 is within the sight.

Trade suggestion

Buy Digital Put Option from 2.890 to 2.830 valid until 21:00 GMT March 17, 2017

 

[Option_Banque]

FTSE 100 Trade Idea by Option Banque

U.K. Shares Pare Early Losses, On Course To Set Another All-Time Record High

U.K. shares continued to advance on Friday, paring early losses in an attempt to retest a record logged on Thursday. The benchmark for blue-chip stocks struggled for direction in early trade as investors were seen as taking caution ahead of the G-20 meeting.

The FTSE 100 hit a fresh record at 7,415.95 after having jumped 0.6% on Thursday and gained less than 0.2% on Friday, looking set for its second weekly advance in three weeks with a gain of 1%.

While gains recorded in oil and gas, technology and financial sectors offset losses in shares of mining, health care and utility, a weakening British pound gave a boost to the index. Sterling was down nearly 0.13%, reversing lower after soaring past $1.23 on Thursday in the aftermath of the Bank of England’s policy meeting showing a slightly hawkish tone.

Trade suggestion
Buy Digital Call Option from 7430.00 to 7445.00 valid until 21:00 GMT March 17, 2017

 

[Option_Banque]

AUD/JPY signal by Option Banque

From 87.100
Till 87.450

Buy Option Digital
Direction Call
Expiry GMT 21:00 17/03/2017

 

[Option_Banque]

Daily Report on March 20, 2017 by Option Banque

Daily Report on March 20, 2017



Asian shares were mixed on Monday with Japan’s stock market closed Monday for a holiday. Tracing declines on Wall Street last Friday and the outcome of the G20 meeting that showed world leaders failed to commit to avoid trade protectionism, equities in Australia, South Korea, Singapore and New Zealand retreated.

However, MSCI's broadest index of Asia-Pacific shares outside Japan still gained 0.3% thanks to stocks’ advances in Hong Kong, Malaysia and Thailand. Particularly, Australia’s S&P/ASX 200 Index lost 0.4 percent and South Korea’s Kospi index fell 0.5 percent. New Zealand’s S&P/NZX 50 Index also dropped 1.4 percent. By contrast, the Hang Seng Index climbed 0.5 percent.

The U.S. dollar continued to lose ground due to the Federal Reserve's less hawkish-than-expected comments last Wednesday. The dollar index, which measures the strength of the greenback versus a basket of six major currencies, retested a five-week trough logged last week at 100.40 after shedding 0.16 percent.

Crude oil futures prices were also on a decline on Monday, knocked down by a report that showed a rise in U.S. drilling activity. Energy services firm Baker Hughes Inc. on Friday said U.S. drillers added 14 oil rigs in the week to March 17, bringing the total count up to 631, the most since September 2015.



Technicals

GBPUSD



Fig: GBPUSD H4 Technical Chart

GBPUSD has broken through a major resistance at 1.24000 to penetrate a trading range from 1.24000 to 1.25000. The pair is much likely to attempt the upper boundary with a strong bullish momentum that is reflected through a RSI index that has entered the oversold territory and a wide gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 1.24300 to 1.25000 valid until 21:00 GMT March 20, 2017



EURUSD


Fig: EURUSD H4 Technical Chart

EURUSD continued to surge higher after a brief correction on Friday. The pair is heading upwards to a resistance at key level 1.08000 with both RSI and ADX indices indicating strong bullish force in the market.

Trade suggestion

Buy Digital Call Option from 1.07700 to 1.08000 valid until 21:00 GMT March 20, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold is retesting a firm resistance at 1235.00 – the level at which the precious metal has failed to move past since March 02nd. Besides support from two moving averages that are lingering below the price action, gold’s bullish run has been spurred by rising RSI and ADX indices. However, a RSI that has entered the overbought zone also signaled a short-live advance.

Trade suggestion

Buy Digital Call Option from 1235.00 to 1242.00 valid until 21:00 GMT March 20, 2017



EURCHF


Fig: EURCHF H4 Technical Chart

EURCHF is attempting the upper boundary of a trading range that has a support at 1.06850 and a resistance at 1.07450. The pair is expected to break out of this range to retest a key handle at 1.08000. RSI has crossed over the central line, suggesting further advance.

Trade suggestion

Buy Digital Call Option from 1.07500 to 1.08000 valid until 21:00 GMT March 20, 2017

 

[Option_Banque]

AUD/USD signal by Option Banque

From 0.77300
Till 0.77700

Buy Option Digital
Direction Call
Expiry GMT 21:00 20/03/2017

EUR/AUD signal by Option Banque

From 1.39100
Till 1.38800

Sell Option Digital
Direction Put
Expiry GMT 21:00 20/03/2017

 

[Option_Banque]

Daily Report on March 21, 2017 by Option Banque

Daily Report on March 21, 2017



Asian shares advanced on Tuesday with Chinese shares traded in Hong Kong rallying while equities in South Korea attempting the highest close in almost six years. After a close for a holiday yesterday, Japanese shares edged lower but early losses were pared. Japan’s Topix index declined 0.1 percent, trimming an earlier loss of as much as 0.6 percent.

While South Korea’s Kospi soared 1 percent, poised for the highest close since July 2011, New Zealand’s S&P/NZX 50 Index reversed higher after Monday’s 1.4 percent decline, adding 0.4 percent. The Hang Seng China Enterprises Index jumped 0.7 percent to reach the highest since November 2015.

The dollar continued to decline further on the back of Federal Reserve officials’ public appearances on Monday which reflected mixed opinions on the timing of further policy tightening. Indeed, while Chicago Fed President Charles Evans said the central bank could raise interest rates two, three or even four times this year, his Minneapolis colleague Neel Kashkari argued that there was no need to rush.

In minutes released Tuesday of this month’s meeting, the Reserve Bank of Australia highlighted threats associated with the property market and an acceleration of domestic household debt as reasons for the central bank to hold rates at a record-low 1.5 percent.

According to market sources, China's central bank is to inject 80 billion yuan ($11.59 billion) into money markets on Tuesday after having drained a net 120 billion yuan from the money market last week. The People's Bank of China is injecting 50 billion yuan through seven-day reverse bond repurchase agreements, 20 billion yuan through 14-day reverse repos, and an additional 10 billion yuan through 28-day reverse repos.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has been moving sideways between a support at 138.600 and a resistance at 140.500 for almost a month, indicated by the ADX index which is heading downwards. In general, the pair has been under downward pressure by two MAs. RSI is moving in the bearish territory, suggesting that the pair may attempt the lower boundary.

Trade suggestion

Buy Digital Put Option from 139.200 to 138.600 valid until 21:00 GMT March 21, 2017



EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY has been tracing a decline, depressed by two MAs that are hanging above the price action. The pair reversed lower at 121.200 and may retest a support at 120.500. While ADX which is at 16.61 indicates no clear trend in the market, RSI under 50 signaled further down moves.

Trade suggestion

Buy Digital Put Option from 121.100 to 120.500 valid until 21:00 GMT March 21, 2017



SILVER



Fig: SILVER H1 Technical Chart

Silver has been moving sideways in Asian trading hours, sending ADX index which measures the strength of current trend in the market to below 20. The metal fell below the 38.2% Fibonacci retracement and at the same time crossed over the two MAs. Further down moves are expected.

Trade suggestion

Buy Digital Put Option from 17.320 to 17.220 valid until 21:00 GMT March 21, 2017



COFFEE


Fig: Coffee H4 Technical Chart

Coffee futures prices broke out of the 23.6% Fibonacci retracement at 142.87 yesterday after having crossed over a couple of moving averages. This signaled a strong uptrend. With soaring ADX and RSI indices, the commodity is expected to test a resistance at 147.30.

Trade suggestion

Buy Digital Call Option from 144.90 to 147.30 valid until 21:00 GMT March 21, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Hits Three-Week Highs As Dollar Broadly Lower Versus Rivals

Gold surged to a nearly three-week high on Tuesday as the greenback dropped to a six-week low against a basket of currencies.

The dollar extended its downward rally from last week following U.S. Federal Reserve’s comments that disappointed dollar wagers. The dollar index, which measures the greenback against a basket of six major currencies, lost nearly 0.6 percent at 99.77. On the back of a weak dollar, gold soared to the highest level since March 02nd to trade above $1242.00 an ounce.

Helping depress the dollar, euro strengthened as prospects of presidential candidate Emmanuel Macron to win the Elysee race mounted after his performance in France’s presidential debate. Meanwhile, British Pound surged to three-week highs on Tuesday after data showed U.K. consumer prices rose at the fastest pace in nearly three and a half years in February.

Trade suggestion
Buy Digital Call Option from 1242.00 to 1249.00 valid until 21:00 GMT March 21, 2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

U.K. Inflation Rate Rises At Fastest Pace Since 2013, Sterling Soars To Three-Week Highs

British Pound surged to three-week highs on Tuesday after data showed U.K. consumer prices rose at the fastest pace in nearly three and a half years in February.

The pair GBPUSD hit the highest level since February 21st to trade at $1.24600 after Britain’s Office for National Statistics reported that annual inflation in the U.K. accelerated to 2.3% last month from 1.8% in January.

This was the fastest pace of annual price growth since September 2013 and the first time consumer price inflation came in above the Bank of England’s 2% target since November 2013. The headline figure was boosted by the pound’s steep depreciation in the wake of last year’s vote to leave the European Union and uncertainties over the Brexit divorce process which is likely to be trigged later this month.

Trade suggestion
Buy Digital Call Option from 1.24600 to 1.25000 valid until 21:00 GMT March 21, 2017

 

[Option_Banque]

AUD/NZD signal by Option Banque

From 1.09300
Till 1.08900

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

 

[Option_Banque]

Daily Report on March 22, 2017 by Option Banque

Daily Report on March 22, 2017



Asian shares tumbled on Wednesday, tracing declines on Wall Street overnight after the S&P 500 Index recorded the biggest one-day slide since Donald Trump’s election. The MSCI Asia Pacific Index dropped the most since December, losing 1.5 percent. The yen strengthened as investors moved toward haven assets, pushing Japanese shares lower.

Japanese government data showed the country’s exports rose for a third consecutive month in February. The increase was the biggest in two years as strengthening global demand in Lunar New Year holidays continued to help the nation’s moderate economic recovery. As stated by Japan’s Ministry of Finance, exports rose 11.3 percent from a year earlier while imports increased only 1.2 percent, leaving the trade surplus at 813.4 billion yen ($7.29 billion) in February, compared with an estimate of 807.2 billion yen.

Japan’s Topix lost the most since Trump’s election despite data showing Japan’s exports rose the most in two years in February. The index lost nearly 2 percent, taking lead in Asian shares’ losses. Australia’s S&P/ASX 200 recorded the biggest loss since November at 1.6 percent while benchmark indexes in Hong Kong, South Korea and New Zealand were also immersed in the red.

Crude oil plunged on Wednesday as rising output in the United States continued to worsen an ongoing global fuel supply. Taking advantages of advancing crude price on the back of OPEC-led output cut, U.S. shale oil producers jumped back into the market. According to the American Petroleum Institute (API), U.S. crude oil inventories may have jumped by 4.5 million barrels to 533.6 million in the week to March 17.



Technicals

EURUSD



Fig: EURUSD H4 Technical chart

EURUSD has been moving sideways around a major level at 1.08000. However, with support from two MAs hanging below the price action, the pair is expected to edge higher. While RSI and ADX indices are soaring, a wide gap between +DI and –DI lines is also confirming further up moves.

Trade suggestion

Buy Digital Call Option from 1.08200 to 1.08700 valid until 21:00 GMT March 22, 2017



BRENT



Fig: BRENT H4 Technical chart

Brent crude fell below 23.6% Fibonacci retracement again. Previously, the commodity’s price action had penetrated two MAs from above, sending the market into a bearish zone. The –DI line is soaring strongly, creating a gap with the +DI line. A support at 50.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 50.65 to 50.00 valid until 21:00 GMT March 22, 2017



SILVER



Fig: SILVER H4 Technical chart

Silver appears to spur its bullish momentum further after a consolidation on Tuesday. The metal bounded back from a support at 17.500 to edge higher, attempting a resistance at 17.800. RSI is soaring to the overbought zone, suggesting a strong uptrend in the market.

Trade suggestion

Buy Digital Call Option from 17.600 to 17.800 valid until 21:00 GMT March 22, 2017



NASDAQ 100



Fig: NASDAQ 100 index H4 Technical chart

U.S. NASDAQ 100 index stumbled from all-time record high at 5438.11, gapping down on Wednesday after having penetrated both long-term and short-term MAs. This signaled a reversal into a downtrend and a support at 5285.00 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 5320.00 to 5285.00 valid until 21:00 GMT March 22, 2017