Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Nike Trade Idea by Option Banque

Confronting Less Rosy Outlook, Nike Shares Plunge Nearly 4 Percent

Shares of Nike Inc. fell 3.71 percent in after-hour trading on Tuesday after the world’s largest sportswear maker reported a jump in quarterly profit but forecast a tepid outlook for sales growth due to stiffer competition and a changing retail landscape.

The athletic apparel company posted a quarterly profit of $1.14 billion, or 68 cents a share, up from $950 million, or 55 cents a share, a year earlier. Revenue also found itself on an increase, rising 5% to $8.43 billion. If was not hurt by a stronger U.S. dollar, revenue would have risen 7%. The company anticipates that currency exchange rates will continue to weigh on results through the end of its next fiscal year.

Besides currency fluctuation, Nike has been struggling with competition from a resurgent Adidas AG which refocused its efforts on the key North American market. Nike’s sales in its home market rose only 3% in the quarter ended February 28.

Trade suggestion
Buy Digital Put Option from 55.85 to 55.00 valid until 21:00 GMT March 22, 2017

 

[Option_Banque]

CAD/JPY signal by Option Banque

From 83.350
Till 83.000

Sell Option Digital
Direction Put
Expiry GMT 21:00 22/03/2017

 

[Option_Banque]

Daily Report on March 23, 2017 by Option Banque

Daily Report on March 23, 2017



Taking their cues from gains in U.S. equities, Asian shares advanced on Thursday. The bound on Wall Street helped ease a selloff across Asia on Wednesday, pushing MSCI's broadest index of Asia-Pacific shares outside Japan 0.1 percent higher. Rebounding from Wednesday’s declines, Chinese shares traded in Hong Kong measured by the Hang Seng China Enterprises Index rose 0.7 percent, paring a loss of 1.8 percent in the previous session.

South Korea’s Kospi index jumped 0.3 percent and Australia’s S&P/ASX 200 Index climbed 0.4 percent. Japanese shares extended their losses but the downward rally decelerated. The Topix dropped 0.1 percent after plunging 2.1 percent on Wednesday as Japanese Yen weakened versus the U.S. dollar. The dollar index inched higher following a six-day slump.

Crude oil futures prices recovered on Thursday from losses recorded in the session before. Nonetheless, market remained under pressure amidst rising U.S. shale oil output. According to a weekly report from the Energy Information Administration (EIA), U.S. inventories climbed almost 5 million barrels to a record 533.1 million last week. This was well above forecasts of a 2.8 million-barrel build.

New Zealand’s central bank on Thursday decided to hold its official cash rate at 1.75 percent, showing wariness over global risks that could harm New Zealand’s economy and prevent inflation reaching the midpoint of his 1-3 percent target range. After having kept the benchmark rate at a record low, Reserve Bank Governor Graeme Wheeler said the central bank would not rush to tighten the economy.



Technicals

CADJPY



Fig: CADJPY H4 Technical Chart

CADJPY retreated after a short correction that sent the price to as high as 83.700. The pair has been under downward pressure exerted by two moving averages that are hanging above the price action. RSI continued to pointing towards the oversold zone, suggesting further downtrend.

Trade suggestion

Buy Digital Put Option from 83.200 to 82.700 valid until 21:00 GMT March 23, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has reversed lower after failing to break the short-term MA20 at around 139.200. The pair is struggling at the lower boundary of a trading range that has its resistance at 140.500 and support at 138.500. In the event of continual downtrend, the pair is expected to test a support at 137.800.

Trade suggestion

Buy Digital Put Option from 138.400 to 137.800 valid until 21:00 GMT March 23, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. crude price retreated on the back of a hit with the 23.6% Fibonacci retracement where it also faced downward pressure from two MAs lingering above the price action. The market remained in the bearish zone which may send the price lower. A support at 47.40 is within the sight.

Trade suggestion

Buy Digital Put Option from 48.20 to 47.40 valid until 21:00 GMT March 23, 2017



CAC40



Fig: CAC 40 Index H4 Technical Chart

CAC 40 Index reversed lower after having hit a major resistance at 5000.0. The benchmark also failed to cross over the long-term MA50. RSI has retreated from the central line to heading lower, the pair is expected to extend its down move to as low as 4950.00.

Trade suggestion

Buy Digital Put Option from 4980.00 to 4950.00 valid until 21:00 GMT March 23, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Trades Below $3.000 Per Btu As U.S. Supplies Fall Less Than Expected

U.S. natural gas futures prices dropped nearly 0.5 percent to trade under $3.000 per million British thermal units on Thursday after a weekly report showed that domestic supplies of natural gas fell less than expected last week.

The U.S. Energy Information Administration on Thursday reported that the country’s natural gas storage declined by 150 billion cubic feet for the week ended March 17, which was slightly less than the drop of 153 billion cubic feet expected by analysts.

According to the report, total stocks now stand at 2.092 trillion cubic feet, down 399 billion cubic feet from a year ago, but 266 billion cubic feet above the five-year average, the government said.

Trade suggestion
Buy Digital Put Option from 3.000 to 2.960 valid until 21:00 GMT March 23, 2017

 

[Option_Banque]

FTSE 100 Trade Idea by Option Banque

U.K. Shares Edge Lower On The Back Of Strengthening British Pound

U.K. shares continued to remain weak, stretching their downward rally to a fourth session in a row. Equities in London were weighed by a strengthening in the Sterling following upbeat retail sales.

The benchmark FTSE 100 dropped nearly 0.2% to trade as low as 7310.00 with the weakness coming as the pound advanced more than 0.23% to reach an intraday high of $1.2528. U.K. retail sales for February were reported to surge by 3.7 per cent in February, compared to the same month last year and by 1.4% since January, easily beating forecasts of 0.4%.

A stronger pound has a tendency to depress many FTSE 100 companies that make the bulk of their revenue overseas and then transfer their profit back to the U.K.

Trade suggestion
Buy Digital Put Option from 7305.00 to 7280.00 valid until 21:00 GMT March 23, 2017

 

[Option_Banque]

USD/CAD signal by Option Banque

From 1.33200
Till 1.32800

Option Digital
Direction Put
Expiry GMT 21:00 23/03/2017

 

[Option_Banque]

Daily Report on March 24, 2017 by Option Banque

Daily Report on March 24, 2017



Asian shares inched up on Friday and the U.S. dollar recouped a little lost ground after Republicans said the House was ready to vote on an amended President Donald Trump's health-care bill. As the yen dropped for the first time in nine days, Japan’s Topix index climbed 0.8 percent, paring this week’s loss to 1.5 percent. Australia’s S&P/ASX 200 Index jumped 0.8 percent while South Korea’s Kospi index shed 0.2 percent.

Speaking in Washington on Thursday, Federal Reserve Chair Janet Yellen, who addressed childhood education and focused on how to educate children and young adults for future success in employment, did not give any comments on monetary policy or the economic outlook. According to the conference agenda, Yellen is not scheduled to take any audience questions.

However, U.S. calendar was still full of events on Friday. Besides the vote on Trump's healthcare bill later in the day, some Fed officials including Fed Bank of St. Louis President James Bullard are due to make public appearances. Economic data due for release include a U.S. report on orders for durable goods and flash Manufacturing PMI and Services PMI.

On Saturday, leaders from European Union countries except the U.K. will meet up in Rome to mark the 60th anniversary of the bloc’s founding Treaty of Rome. With U.K. Prime Minister Theresa May not be in Rome, the meeting is expected to discuss the way forward after Brexit as the Britain's two-year withdrawal process may be trigged within days of the summit as scheduled.

Meanwhile, representatives from five OPEC and non-OPEC members gather for a meeting of the Joint Ministerial Monitoring Committee to oversee oil production cuts.



Technicals

EURCAD



Fig: EURCAD H4 Technical Chart

EURCAD has broken a resistance at 1.44000 and may retest a more-than-four-month high at 1.44800. Both RSI and ADX indices are surging high, showing a strong bullish momentum in the market. Two MAs that are tracing higher also support further up moves.

Trade suggestion

Buy Digital Call Option from 1.44300 to 1.44800 valid until 21:00 GMT March 24, 2017



COFFEE



Fig: Coffee H4 Technical Chart

Coffee created a gap down on Friday, extending its slide after reversing lower yesterday. With a market that has been in a bearish territory, as indicated by a RSI index which is heading downwards, the commodity may test a support at 138.50.

Trade suggestion

Buy Digital Put Option from 139.50 to 138.50 valid until 21:00 GMT March 24, 2017



GOLD


Fig: Gold H4 Technical Chart

Gold bounced back from a support at 1242.00 where it was also boosted higher by a short-term moving average. The ADX has been pointing downwards, suggesting that the former downtrend has been weakening. RSI index heads up again, which signals further up moves.

Trade suggestion

Buy Digital Call Option from 1245.00 to 1250.00 valid until 21:00 GMT March 24, 2017



CAC 40 Index



Fig: CAC 40 Index H4 Technical Chart

France’s CAC 40 gapped up on Friday. The price has been supported by two MAs hanging below the price action. The benchmark is expected to attempt the all-time high record at 5030.00. RSI index is heading upwards to the oversold zone, suggesting further uptrend.

Trade suggestion

Buy Digital Call Option from 5030.00 to 5055.00 valid until 21:00 GMT March 24, 2017

 

[Option_Banque]

S&P 500 Trade Idea by Option Banque

U.S. Shares Inch Higher Ahead Of Health-Care Bill Vote, Boosted By Upbeat Durable Goods Orders

U.S. shares rose on Friday with all three stock benchmarks advancing as investors were awaiting a vote on a closely watched health-care bill while new orders for durable goods climbed faster than expected.

The S&P 500 index added 0.36% with seven out of 11 sectors making up the benchmark trading higher. While information technology stocks were leading the gains, up 0.6%, shares of companies in materials and consumer Staples lost 0.13% each.

Commerce Department reported orders for U.S. durable goods increased 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated. While durable goods jumped for the second straight month, the so-called core durable goods orders which strip out transportation equipment increased 0.4 percent.

Voting on amended Trump’s health-care legislation that would replace the Affordable Care Act, widely known as Obamacare, is scheduled for late-afternoon Friday.

Trade suggestion
Buy Digital Put Option from 2350.00 to 2360.00 valid until 21:00 GMT March 24, 2017

 

[Option_Banque]

AUD/CAD signal by Option Banque

From 1.01800
Till 1.01400

Sell Option Digital
Direction Put
Expiry GMT 21:00 24/03/2017

 

[Option_Banque]

Daily Report on March 27, 2017 by Option Banque

Daily Report on March 27, 2017



Global shares continued to decline on Monday as Trump’s administration’s inability to push through its policy initiatives cast a chill over markets which were looking to his tax reform and other policies related to reinforcing investment and creating more jobs for Americans. The MSCI Asia Pacific Index fell 0.3 percent, led by a decline of 1.3 percent in Japan’s Topix index. Australia’s S&P/ASX 200 Index and South Korea’s Kospi declined 0.1 percent and 0.6 percent, respectively.

Gold futures for April delivery jumped nearly 1 percent to reach an intra-day high at 1257.91 – the highest level in one month. The precious metal gathered bullish momentum as investors were taking cautious ahead of an eventful week while the greenback has weakened in recent weeks as U.S. President Donald Trump’s administration has been struggling to push through its pro-growth economic agenda.

The dollar dropped 0.5 percent on Monday against the basket of other major currencies. After the failure of a healthcare overhaul, investors were concerned over further setbacks that Trump’s policy pledges including corporate tax cuts, regulatory reform and infrastructure spending may face. Besides, Prime Minister Theresa May looked set to trigger a two-year process of negotiation between the U.K. and the European Union later this week concerning Britain's departure from the bloc.

Crude oil futures prices came under pressure after a report from Baker Hughes released Friday showed the number of active U.S. oil rigs increased last week. U.S. drillers added 21 oil rigs last week, sending the total number to 652 rigs and recording the 10th week of increase in a row. Higher prices stemmed from efforts of OPEC and some major oil producers to cut output have tempted U.S. shale oil producers to jump back in the market.

The Munich-based Ifo economic institute said German business morale rose to 112.3 from an upwardly revised reading of 111.1 in February. This was not only well above analysts’ expectations calling for a figure of 111.0 but also the highest reading since July 2011.



Technicals

USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF has been trading a downtrend since it reversed lower from a resistance at 0.99550. The downward rally sent the pair down below a major support at 50.0% Fibonacci level at 0.98850. The pair may fall lower but as the market has entered the oversold zone, the decline may be short-lived. A support at 38.2% Fibonacci level is within the sight.

Trade suggestion

Buy Digital Put Option from 0.98200 to 0.97800 valid until 21:00 GMT March 27, 2017



EURUSD



Fig: EURUSD H4 Technical Chart

EURUSD has been extending its bullish momentum after having gapped up in the open in Asian trading session. Both RSI and ADX indices are soaring, showing a strong bullish force in the market. The pair is expected to test the highest level since early November, 2016 at 1.09500.

Trade suggestion

Buy Digital Call Option from 1.09000 to 1.09500 valid until 21:00 GMT March 27, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. West Texas Immediate crude oil has been struggling around a support at 47.40 but looked set for falling further as the price action has been under downward pressure exerted by two moving averages. The market has been in the bearish territory, as indicated by RSI that is heading lower.

Trade suggestion

Buy Digital Put Option from 47.40 to 46.50 valid until 21:00 GMT March 27, 2017



Dow Jones



Fig: Dow Jones H4 Technical Chart

Dow Jones index gapped down on Monday, falling below a major support at 20550.00 – the level which held on the price last Friday. With a market that has been immersed in the bearish zone, the stock benchmark is expected to retest the support at 20400.00 the lowest level since mid-February.

Trade suggestion

Buy Digital Put Option from 20480.00 to 20400.00 valid until 21:00 GMT March 27, 2017

 

[Option_Banque]

FTSE 100 Trade Idea by Option Banque

Tracing Global Selloff, U.K. Shares Plunge. Financials And Miners Lead Losses

U.K. shares gapped down on Monday, continuing to trade lower after the biggest weekly loss since January recorded last week. The FTSE 100 index lost more than 0.7%, driven lower by losses in banking sector and mining companies.

Financials topped the list of biggest decliners after Trump’s failure at his health-care bill mounted concerns over the possibility of his tax reform and other policies to boost the largest economy in the world. Particularly, shares of Lloyds Banking Group shed 1.93% while those of Barclays and HSBC Holdings PLC dropped 2.4% and 0.71%, respectively.

Due to lower oil and copper prices, major oil companies including BP PLC and Royal Dutch Shell PLC saw their equities trading in a negative territory. Among miners, shares of Glencore PLC slipped 3.64% and those of BHP Billiton PLC declined by 3.53%.

Trade suggestion
Buy Digital Put Option from 7270.00 to 7250.00 valid until 21:00 GMT March 27, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Hits One-Month Highs As Investors Exercise Caution N A Week Of Political Risk Events

Gold surged high in Asian trading hours on Monday, extending its rally after having closed higher for a second week last Friday. The precious metal gathered bullish momentum as investors were taking caution ahead of an eventful week.

Gold futures for April delivery jumped nearly 1 percent to reach an intra-day high at 1257.91 – the highest level in one month. The greenback has been weakened in recent weeks as U.S. President Donald Trump’s administration has been struggling to push through its pro-growth economic agenda.

After the failure of a healthcare overhaul, investors were concerned over further setbacks that Trump’s policy pledges including corporate tax cuts, regulatory reform and infrastructure spending may face.

Besides, Prime Minister Theresa May looked set to trigger a two-year process of negotiation between the U.K. and the European Union later this week concerning Britain’s departure from the bloc.

Trade suggestion
Buy Digital Call Option from 1257.00 to 1263.00 valid until 21:00 GMT March 27, 2017

 

[Option_Banque]

EUR/AUD signal by Option Banque

From 1.42400
Till 1.42800

Buy Option Digital
Direction Call
Expiry GMT 21:00 27/03/2017

 

[Option_Banque]

Daily Report on March 28, 2017 by Option Banque

Daily Report on March 28, 2017



Asian shares advanced on Tuesday after the selloff in riskier assets eased on Wall Street overnight. After the close on NYSE on Monday, the NASDAQ Composite ended higher while the S&P 500 and the Dow Jones Industrial Average closed lower but had narrowed their losses from earlier in the session. All three stock benchmark indices dropped to near-six-week lows in early trade.

Asian stocks edged higher due to eased concern over Donald Trump's setback on his healthcare reform, with gains led by increases in Japan’s Topix and Australia’s main index. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, spurred by Japan's Nikkei index which soared by 1.1 percent, the biggest one-day gain in more than two weeks. Australian and South Korean stocks jumped 0.9 percent and 0.4 percent, respectively.

Crude oil reversed higher on Tuesday after nearly hitting one-week low on Monday. The correction in crude oil futures prices was expected to be short-lived as the market has still been under pressure from rising U.S. shale oil output. As well as surging U.S. production, uncertainty over whether an OPEC-led group continues to extend their output-cut deal also weighed on the market.

Oil prices edged up on Tuesday on a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market. A weaker dollar also makes oil imports cheaper for countries using other currencies, potentially spurring demand.

The dollar steadied on Tuesday, putting a break on its downward rally. Speaking in an interview with Bloomberg on Monday, Federal Reserve Bank of Chicago President Charles Evans said two interest-rate increases may be appropriate for the U.S. economy this year given uncertainty surrounding the outlook for inflation and government spending.



Technicals

GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD continued its up moves after a short correction. The pair retreated after having failed to break a resistance at 1.26100. Besides a couple of MAs that are moving below the price action, the pair has also been supported by RSI and ADX indices that are soaring higher.

Trade suggestion

Buy Digital Call Option from 1.25700 to 1.26100 valid until 21:00 GMT March 28, 2017



EURCAD



Fig: EURCAD H1 Technical Chart

EURCAD has been moving sideways around the level 1.45300. In general, the pair has been supported by the short-term MA20 with a bullish market. The pair is likely to hit a resistance at a major level at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 1.45400 to 1.45900 valid until 21:00 GMT March 28, 2017



CAC 40



Fig: CAC 40 Index H4 Technical Chart

France’s CAC 40 Index has been surging after rebounding from the lowest level since March 22. The price action climbed back above a couple of MAs thanks to aggressive up moves. As indicated by RSI index which is edging higher, the index may attempt a one-week high at 5055.00.

Trade suggestion

Buy Digital Call Option from 5025.00 to 5055.00 valid until 21:00 GMT March 28, 2017



DAX



Fig: DAX H4 Technical Chart

Germany’s DAX 30 index rebounded from a support at 11930.00 on Monday to trade higher. The up move brought the price action above two moving averages and sent the market into a bullish zone. As a result, the stock benchmark is expected to surge higher and test a resistance at 12100.00.

Trade suggestion

Buy Digital Call Option from 12030.00 to 12100.00 valid until 21:00 GMT March 28, 2017

 

[Option_Banque]

Trade signals by Option Banque

CAD/CHF signal by Option Banque
From 0.73600
Till 0.73300
Option Digital
Direction Put
Expiry GMT 21:00 28/03/2017


GBP/JPY signal by Option Banque
From 138.400
Till 138.000
Option Digital
Direction Put
Expiry GMT 21:00 28/03/2017

 

[Option_Banque]

Daily Report on March 29, 2017 by Option Banque

Daily Report on March 29, 2017



Asian shares built on gains for a second day as a rise in U.S. consumer confidence helped boosted U.S. equities higher. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent, led by a rise of 0.8 percent in Australia's main index. Japan's Nikkei continued to inch higher, marching 0.1 percent after having climbed over 1 percent the previous day.

The Pound stumbled versus most of its peers on Wednesday as the British government looked set to send a letter to Brussels formally starting the country's exit from the European Union today. The letter which will trigger two years of uncertain negotiations between the U.K. and the European Union, was reported to be signed by British Prime Minister Theresa May.

Japanese government’s data showed the country’s retail sales rose less than economists forecast in February. Retail sales were said to increase 0.1 percent in February from a year ago, which was well below forecast for an advance of 0.7 percent. On a monthly basis, sales rose 0.2 percent, signaling that consumer spending is struggling to gain traction.

Crude oil prices extended their gains on Wednesday to a second consecutive session on the back of mounting expectations that OPEC and their allies will extend their output-cut deal into the second half of this year.

Besides, report showing supply disruptions in Libya also supported the prices. According to a source at the National Oil Corporation (NOC), Libya’s oil production has been reduced by 252,000 barrels per day (bpd) due to armed protesters in Libya which blocked production in the western Libyan fields of Sharara and Wafa.

Official data on U.S. supplies from the Energy Information Administration is due to be released later in the day. Analysts expect the weekly report to show an oil-stock rise of 1.2 million barrels. As stated by the American Petroleum Institute late Tuesday, U.S. inventories may have risen by 1.9 million barrels last week.



Technicals

GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has consistently been experienced some corrections as the pair is struggling at a major support at 138.000 but in general, the pair has been tracing a downtrend with downward pressure from two MAs moving above the price action. As the market remains in a bearish zone, the pair is expected to trade lower and test another support at 137.300.

Trade suggestion

Buy Digital Put Option from 137.900 to 137.300 valid until 21:00 GMT March 29, 2017



NZDUSD



Fig: NZDUSD H4 Technical Chart

NZDUSD has been tracing downbeat moves since the pair failed to surpass a resistance at 0.70700. The short-term MA20 has penetrated the long-term MA50 from above, confirming the downtrend. With RSI further supported further down moves by pointing lower, the pair may test a key support at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 0.70000 to 0.69600 valid until 21:00 GMT March 29, 2017



USDCAD



Fig: USDCAD H4 Technical Chart

As can be seen from the price chart, the pair USDCAD has been supported by two MAs which are hanging below the price action. The pair hit the short-term MAs on Tuesday and reversed higher, facing a tough handle at 1.34000. RSI pointing to an overbought zone suggests a strong bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 1.34000 to 1.34350 valid until 21:00 GMT March 29, 2017



EURO 50



Fig: EURO 50 Index H4 Technical Chart

Euro 50 index broke out of a resistance at 3460.00 yesterday and is heading upwards, looking set to attempt a major handle at 3500.00. Both RSI and ADX indices are pointing upwards, which indicates a strong uptrend. A divergence between +DI and –DI lines helps strengthen the forecast.

Trade suggestion

Buy Digital Call Option from 3475.00 to 3500.00 valid until 21:00 GMT March 29, 2017

 

[Option_Banque]

Crude Trade Idea by Option Banque

Supply Disruptions In Libya And Likelihood Of An Extended Output-Curb Deal Push Oil Prices Higher

Crude oil prices extended their gains on Wednesday to a second consecutive session on the back of mounting expectations that OPEC and their allies will extend their output-cut deal into the second half of this year. Besides, report showing supply disruptions in Libya also supported the prices.

According to a source at the National Oil Corporation (NOC), Libya’s oil production has been reduced by 252,000 barrels per day (bpd) due to armed protesters in Libya which blocked production in the western Libyan fields of Sharara and Wafa.

Meanwhile, OPEC-led group was said to mull over an extension to their output curb deal. After a meeting in Kuwait on Sunday, Kuwait Oil Minister Issam Almarzooq said that the group was assessing whether to extend the reductions for another six months. Iranian Oil Minister Bijan Zanganeh on Tuesday strengthened the possibility, saying the global oil cuts deal is likely to be prolonged past June.

Official data on U.S. supplies from the Energy Information Administration is due to be released later in the day. Analysts expect the weekly report to show an oil-stock rise of 1.2 million barrels. As stated by the American Petroleum Institute late Tuesday, U.S. inventories may have risen by 1.9 million barrels last week.

Trade suggestion
Buy Digital Call Option from 48.60 to 49.30 valid until 21:00 GMT March 29, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque
From 119.700
Till 119.300
Option Digital
Direction Put
Expiry GMT 21:00 29/03/2017



GBP/AUD signal by Option Banque
From 1.61900
Till 1.61300
Option Digital
Direction Put
Expiry GMT 21:00 30/03/2017

 

[Option_Banque]

Daily Report on March 30, 2017 by Option Banque

Daily Report on March 30, 2017



Asian shares pared earlier gains which brought them to near two-year highs to turn lower on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan retreated from its loftiest levels since June 2015 in morning trade to record a slide of 0.3 percent. Declines in Equities in China and Japan offset gains in Australia and New Zealand.

Particularly, Hong Kong’s Hang Seng dropped 0.5 percent while the Hang Seng China Enterprises Index tumbled by 1.1 percent. Japan’s Topix index also found itself in a negative territory, edging down 0.4 percent. Meanwhile, Australia’s S&P/ASX 200 index climbed 0.4 percent to extend its rally to a third day, supported by gains in energy producers. New Zealand’s S&P/NZX 50 also inched higher, adding 0.5 percent.

Sterling rose slightly on Thursday after Prime Minister Theresa May on Wednesday formally began Britain's exit from the European Union by launching a two-year negotiation process before the divorce comes into effect in late March 2019. Whereas, euro lost ground versus most of its peers after reports said uncertainties concerning impacts of Brexit may cast a chill over the European Central Bank’s intention to end its easy-money policy.

Crude oil held on gains following a smaller-than-expected increase in U.S. gasoline stockpiles reported on Wednesday. The Energy Information Administration (EIA) said U.S. crude inventories rose 867,000 barrels in the week ending March 24, sending total inventories were at a record of nearly 534 million barrels. Analysts had expected a rise of 1.2 million barrels.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY reversed lower after a failed attempt to cross over the short-term MA20. The pair fell back below a support at 119.300 and is likely to slide further to test another support at 38.2% Fibonacci retracement. RSI is pointing downwards, confirming further down moves.

Trade suggestion

Buy Digital Put Option from 119.100 to 118.500 valid until 21:00 GMT March 30, 2017



NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY has been tracing a downtrend after hitting the long-term MA50 at around 78.300. The pair headed back down and has crossed over the short-term MA20 from above, suggesting the comeback of the downtrend. RSI fell below the central line, indicating that the market has slid into a bearish zone.

Trade suggestion

Buy Digital Put Option from 77.800 to 77.450 valid until 21:00 GMT March 30, 2017



SUGAR



Fig: SUGAR H1 Technical Chart

Sugar gapped down on Thursday and has fallen below a key handle at 17.00. The commodity looked set to trade lower with a strong bearish force dominating the market. While RSI has reached the oversold zone, the ADX index keeps soaring and widening the gap between –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 16.95 to 16.65 valid until 21:00 GMT March 30, 2017



AUDUSD


Fig: AUDUSD H4 Technical Chart

AUDUSD extended its upward rally after a brief correction that sent the pair to test a support at 0.76500. Supported by the short-term MA20, the Aussie reversed higher and is marching to attempt a resistance at 0.77150. A soaring RSI signals further upbeat moves.

Trade suggestion

Buy Digital Call Option from 0.76750 to 0.77150 valid until 21:00 GMT March 30, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

U.S. Natural Gas Futures Surge Following Larger-Than-Expected Decline In Domestic Storage

U.S. natural gas futures prices rose strongly after a weekly data showed domestic supplies of the commodity fell more than expected last week.

Natural gas futures for May delivery traded near $3.230 per million British thermal units, paring early losses after data from the U.S. Energy Information Administration Thursday showed that natural gas storage fell by 43 billion cubic feet for the week ended March 24.

Analysts had expected a decline of 37 billion cubic feet last week.

According to the report, total stocks now stand at 2.049 trillion cubic feet, down 423 billion cubic feet from a year ago but 250 billion cubic feet above the five-year average.

Trade suggestion
Buy Digital Call Option from 3.230 to 3.270 valid until 21:00 GMT March 30, 2017