Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

GBP/CHF signal by Option Banque

From 1.24100
Till 1.24400

Buy Option Digital
Direction Call
Expiry GMT 21:00 30/03/2017

 

[Option_Banque]

Daily Report on March 31, 2017 by Option Banque

Daily Report on March 31, 2017



Global share weakened on Friday, poised to end a blockbuster quarter, which had been spurred by Trump’s pledge to boost U.S. economy, with a whimper. While MSCI's broadest index of Asia-Pacific shares outside Japan dropped by 0.55 percent, European shares experienced a muted start. Asian shares excluding Japanese equities added 12.5 percent for the quarter. European stocks including U.K.’s FTSE 100 index, France's CAC 40 index and Germany's DAX index gapped down.

The dollar held on gains on the back of upbeat Germany's DAX. According to a report from the Commerce Department on Thursday, U.S. gross domestic product increased at a 2.1 percent annualized rate, which was higher than the previously reported 1.9 percent pace, thanks to robust consumer spending that was partially met with a rise in imports.

Crude oil futures prices rose to a three-week high on Friday after rising speculations concerning OPEC-led group’s output-curb deal extension. Kuwait Oil Minister Issam Almarzooq said that his country and other countries support prolonging production cuts that are scheduled to expire in June.

Eurostat on Friday reported the Eurozone flash CPI inflation declined to 1.5% for March from 2.0% in the previous month. The reading was significantly below market expectations of a 1.8% increase and marked the lowest reading for three months. The core inflation reading also found itself on a decline. The headline figure slid to 0.7% from 0.9% previously and was below expectations of a smaller decline to 0.8%.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD has broken out of a downtrend which has been marked by a downward slopping resistance that has connected lower high since March 09th. The pair is struggling with a pair of MAs but the market has entered a bullish zone. In the event of continual uptrend, the pair is expected to test a resistance at 1.34000.

Trade suggestion

Buy Digital Call Option from 1.33600 to 1.34000 valid until 21:00 GMT March 31, 2017



EURUSD



Fig: EURUSD H4 Technical Chart

EURUSD looked set to fall lower after moving sideways in early trade. The pair dropped to the lowest level since mid-March with the reversal into a downtrend confirmed by the short-term MA20 penetrating the long-term MA50 from above. A support at 1.06200 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.06700 to 1.0620 valid until 21:00 GMT March 31, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural Gas has been edging higher with the support from two MAs moving below the price action. The pair broke through the short-term MA20 yesterday but failed to cross over the long-term MA50. The market remains in the bullish territory, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 3.220 to 3.260 valid until 21:00 GMT March 31, 2017



USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF reversed higher on the back of a period of moving sideways. The pair broke through the 61.8% Fibonacci resistance on Thursday and may surge higher with an overwhelming dominant of buyers. Bullish momentum may push the pair as high as 1.00600.

Trade suggestion

Buy Digital Call Option from 1.00200 to 1.00600 valid until 21:00 GMT March 31, 2017

 

[Option_Banque]

The Loonie Hits 1.42000 Versus Euro After Upbeat GDP Data

The Loonie Hits 1.42000 Versus Euro After Upbeat GDP Data

Canadian dollar hit more-than-three-week highs versus the euro on Friday after economic data showed the Canadian economy expanded more strongly than expected.

The pair dropped 0.15% to hit a support 1.42000 after Statistics Canada on Friday reported gross domestic product grew by a healthy 0.6 percent in January from December. The reading was by a healthy 0.6 percent in January from December and helped indicate that first-quarter growth will be stronger than expected as the country gradually recovers from the shock of low oil prices.

The rise in January, which marked the seventh in the past eight months, was spurred by widespread expansion in goods and services-producing industries.

Trade suggestion
Buy Digital Put Option from 1.42400 to 1.42000 valid until 21:00 GMT March 31, 2017

 

[Option_Banque]

USD/JPY signal by Option Banque

From 112.200
Till 112.700

Buy Option Digital
Direction Call
Expiry GMT 21:00 31/03/2017

 

[Option_Banque]

Daily Report on April 03, 2017 by Option Banque

Daily Report on April 03, 2017



Asian share rose on Monday after the best quarter for the region’s equities in five years with equities from South Korea to Indonesia in a positive territory. The MSCI Asia Pacific Index added 0.2 percent, after recording a rise of 8.8 percent in the first quarter, the best performance since 2012. Hong Kong’s Hang Seng climbed 0.3 percent. South Korea’s Kospi and Singapore’s Straits Times Index also advanced 0.3 percent.

According to a Tankan survey released by the Bank of Japan on Monday, confidence among Japan’s large manufacturers improved for a second consecutive quarter in the first three months of the year as a weaker yen helped profits rise to a record. Sentiment among large manufacturers rose to 12 from 10 three months ago, roughly in line with forecast of 14, while the outlook among the manufacturers also increased to 11 from 8 in December.

The Aussie lost ground versus most of its peers on Monday following government’s data release that reported retail sales contracted 0.1 per cent month-on-month in February. This was a reverse after 0.4 per cent growth in January and also well below economists’ expectations for a 0.3 per cent gain. The sharp decrease was due to a second month of declines in clothing and footwear sales which plummeted by 2.5% in February following a 0.9% fall in the previous month. Meanwhile, sales at cafes and restaurants were flat, and food retailing rose 0.3%.

Crude oil futures prices fluctuated on Monday as a higher U.S. rig count continued to stoke worries about global oversupply, while a stronger dollar also pressured prices. Both WTI and Brent contracts posted their worst quarterly loss since late 2015 in the three-month period to March. Energy services firm Baker Hughes on Friday said the U.S. rig count increased by 10 to 662 last week, making the first quarter the strongest for oil rig additions since mid-2011.



Technicals

EURUSD



Fig: EURUSD H4 Technical Chart

EURUSD has been moving sideways to lower around the lowest level which has not been seen since mid-March. The pair remained weak under the pressure from two MAs hanging above the price action. The currency pair is expected to fall lower to test a support at 1.06200 as the bear has still been dominating in the market, as indicated by the RSI index.

Trade suggestion

Buy Digital Put Option from 1.06600 to 1.06200 valid until 21:00 GMT April 03, 2017



EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP broke out of a slopping downward trading range last Friday, falling as low as 0.84900 – the lowest level since February 27th. The pair failed to get back to the range and is tracing lower. The price is expected to decline further to a support at 0.84500.

Trade suggestion

Buy Digital Put Option from 0.85000 to 0.84500 valid until 21:00 GMT April 03, 2017

GOLD


Fig: Gold H1 Technical Chart

Gold has been moving sideways, tracing the long-term MA50 after having crossed over the short-term MA20 from above. The precious metal looked set to turn lower as the RSI index is heading downwards, suggesting a strengthening bearish momentum in the market. In the event of continual downtrend, gold may test a support at 1240.00.

Trade suggestion

Buy Digital Put Option from 1245.00 to 1240.00 valid until 21:00 GMT April 03, 2017



Natural Gas



Fig: Natural gas H4 Technical Chart

Natural gas has been tracing an uptrend with support from two MAs that are lingering below the price action. The market has remained in the bullish zone, suggesting further advances to come. The commodity is expected to attempt a major resistance at 50.0% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 1240.00 to 3.270 valid until 21:00 GMT April 03, 2017

 

[Option_Banque]

AUDUSD Trade Idea by Option Banque

Aussie Plunges To Nearly One-Week Low After A Sharp Drop In February’s Retail Sales

The Aussie lost ground versus most of its peers after figures from the Australian Bureau of Statistics on Monday showed a surprised drop in the country’s retail sales. The pair AUDUSD dropped more than 0.34 percent to trade at the lowest level since last Tuesday at $0.7603.

The Australian dollar is the weakest-performing major currency on Monday following government’s data release that reported retail sales contracted 0.1 per cent month-on-month in February. This was a reverse after 0.4 per cent growth in January and also well below economists’ expectations for a 0.3 per cent gain.

The sharp decrease was due to a second month of declines in clothing and footwear sales which plummeted by 2.5% in February following a 0.9% fall in the previous month. Meanwhile, sales at cafes and restaurants were flat, and food retailing rose 0.3%.

Trade suggestion
Buy Digital Put Option from 0.76000 to 0.75800 valid until 21:00 GMT April 03, 2017

 

[Option_Banque]

AUD/CAD signal by Option Banque
From 1.01300
Till 1.01000
Option Digital
Direction Put
Expiry GMT 21:00 03/04/2017

GBP/JPY signal by Option Banque
From 138.500
Till 138.000
Option Digital
Direction Put
Expiry GMT 21:00 03/04/2017

 

[Option_Banque]

Daily Report on April 04, 2017 by Option Banque

Daily Report on April 04, 2017



Gold and Japanese Yen, benefitting from its status as a safe haven asset, gained versus the U.S. dollar on Tuesday, extending its upward rally to a third consecutive session amid global selloffs. The currency hit one-week high in Asian trading hours as Asian shares, which took their cues from a weaker U.S. equities session, were down in morning session.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent, led by a slump of 1.1 percent in Japan's Nikkei index as automakers tumbled on weaker-than-expected U.S. sales. The Topix index also dropped steeply, losing 0.8 percent, with Honda Motor Co., Mazda Motor Corp. and Nissan Motor Co. dropping more than 2.5 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi each shed 0.3 percent.

On Monday, European markets reached a 16-month high but failed to hold on to the gains as risk aversion returned while U.S. equities closed in the red after U.S. President Donald Trump signaled a potential tense meeting between him and his Chinese counterpart Xi Jiping later this week.

The Aussie dollar fell 0.5 percent, making a great contribution to its four-day decline of 1.3 percent. The Reserve Bank of Australia on Tuesday held its benchmark interest rate at record-low 1.50 percent and voiced concern over debt levels in Australia's housing market. The central bank was optimistic about the economy, citing positive business confidence and indicators of growth in employment but said that housing market was too hot to allow an easing.



Technicals

GBPUSD



Fig: GBPUSD H4 Technical Chart

GBPUSD has been tracing a strong slide. The price action fell below a support that connects higher lows and is heading downwards to the lowest level since last Wednesday at 1.23800. While RSI has reached the oversold zone, ADX is soaring, suggesting an overwhelming bearish force in the market.

Trade suggestion

Buy Digital Put Option from 1.24200 to 1.23800 valid until 21:00 GMT April 04, 2017



COFFEE


Fig: COFFEE H4 Technical Chart

Coffee prices reversed lower after having reached as high as 142.55 in Monday session – the highest level since March 22th. The commodity turned lower and crossed over both short-term MA20 and long-term MA50 from above, suggesting a reversal into a downtrend. The price is heading to a support at 61.8% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 137.50 to 135.70 valid until 21:00 GMT April 04, 2017



SILVER



Fig: SILVER H4 Technical Chart

SILVER has broken through a major resistance at 38.2% Fibonacci level. This is the first time the price action has moved past through a Fib. retracement in the last one month. The metal looked set to test the highest level at 18.420 logged on Marcg 1st. RSI is tracing higher, support further advances.

Trade suggestion

Buy Digital Call Option from 18.320 to 18.420 valid until 21:00 GMT April 04, 2017



Dow Jones



Fig: Dow Jones H4 Technical Chart

U.S. Dow Jones index has been trading below a couple of MAs and under downward pressure exerted by these two resistances. The stock benchmark is struggling around a firm support at 20550.00. With RSI remaining in the bearish zone and ADX soaring, the index is expected to inch lower, probably to as low as 20400.00.

Trade suggestion

Buy Digital Put Option from 20550.00 to 20450.00 valid until 21:00 GMT April 04, 2017

 

[Option_Banque]

Asian Markets Trade Lower After U.S. Equities Close In The Red, Yen Hits One-Week Hig

Asian Markets Trade Lower After U.S. Equities Close In The Red, Yen Hits One-Week High

Japanese Yen gained versus the U.S. dollar on Tuesday, extending its upward rally to a third consecutive session amid global selloffs. The currency hit one-week high in Asian trading hours as Asian shares, which took their cues from a weaker U.S. equities session, were down in morning session.

On Monday, European markets reached a 16-month high but failed to hold on to the gains as risk aversion returned while U.S. equities closed in the red after U.S. President Donald Trump signaled a potential tense meeting between him and his Chinese counterpart Xi Jiping later this week.

The yen rose nearly 0.3 percent to trade at 110.600 per dollar, benefiting from its status as a safe haven asset.

Trade suggestion
Buy Digital Put Option from 110.600 to 110.200 valid until 21:00 GMT April 04, 2017

 

[Option_Banque]

GBP/CHF signal by Option Banque
From 1.24800
Till 1.24400
Option Digital
Direction Put
Expiry GMT 21:00 04/04/2017


USD/CHF signal by Option Banque
From 1.00300
Till 1.00600
Buy Option Digital
Direction Call
Expiry GMT 21:00 04/04/2017

 

[Option_Banque]

Daily Report on April 05, 2017 by Option Banque

Daily Report on April 05, 2017



Global shares advanced on Wednesday, led by the rally in Chinese stocks after a two-day holiday break. The MSCI Asia Pacific Index climbed 0.2 percent, spurred strongly by the Shanghai Composite which soared by 1.4 percent and the Taiwan’s Taiex which also jumped by 1.4 percent. Australia’s S&P/ASX 200 Index also find itself in a positive zone, adding 0.3 percent.

Crude oil prices rose strongly on Wednesday after soaring in U.S. trading session overnight. Both benchmark contracts added another 0.5 percent following a rise of more than 1.5 percent on Tuesday, shooting the prices to the highest level since March 08th. The rally came amid an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories.

Industry trade group American Petroleum Institute on Tuesday reported that crude oil inventories fell by 1.8 million barrels last week. Meanwhile, in the North Sea, production of crude oil from Britain's Buzzard field, which can produce 180,000 barrel per day, was temporarily halted as repair work is carried out at an onshore processing terminal, according to market sources.

Later on the day, investors will be looking for speeches delivered by U.S. central speakers including William Dudley, president of the New York Fed, and Governor Daniel Tarullo. Minutes from the Fed’s March meeting, which are scheduled to be released Wednesday, will also attract attention. China’s President Xi Jinping will meet U.S. President Donald Trump for two days starting Thursday.



Technicals

GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF has been tracing higher since it hit a support at 1.24400. The pair has been trapped in an upward trading range and supported by the lower boundary. The price action has crossed over the short-term MA20 and a resistance at 1.25000 from below. Further advances may take the pair to as high as 1.25600.

Trade suggestion

Buy Digital Call Option from 1.25100 to 1.25600 valid until 21:00 GMT April 05, 2017



EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP hit the upper boundary of a slopping downward trading range to reverse lower. The pair is testing both a support at 0.85500 and the short-term MA20. RSI has fallen below the 50 line, suggesting a reversal into a downtrend. The pair may fell as low as 0.85000.

Trade suggestion

Buy Digital Put Option from 0.85400 to 0.85000 valid until 21:00 GMT April 05, 2017



WTI



Fig: WTI H4 Technical Chart

The crude price rose fiercely to hit a one-month high at 51.50 and is experiencing a correction as the market has entered the oversold zone. However, after this short correction, the price may inch higher with the support from two MAs lingering below the price action.

Trade suggestion

Buy Digital Call Option from 51.50 to 52.10 valid until 21:00 GMT April 05, 2017



SP500 Index



Fig: SP500 Index H4 Technical Chart

Sp500 index has been edging higher with the support from the short-term MA20. The stock benchmark is facing the long-term MA50 with the market just entering the bullish zone. In the event of continual upbeat moves, the index may surge higher to test a resistance at 2370.00.

Trade suggestion

Buy Digital Call Option from 2360.00 to 2370.00 valid until 21:00 GMT April 05, 2017

 

[Option_Banque]

Oil Trade Idea by Option Banque

Oil Reaches One-Month Highs Thanks To Production Outage And Falling U.S. Supplies

Crude oil prices rose strongly on Wednesday after soaring in U.S. trading session overnight. Both benchmark contracts added another 0.5 percent following a rise of more than 1.5 percent on Tuesday, shooting the prices to the highest level since March 08th.

The rally came amid an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories. Industry trade group American Petroleum Institute on Tuesday reported that crude oil inventories fell by 1.8 million barrels last week. The Energy Information Administration is due to publish official data later on the day, which is expected to show a 200,000 barrel fall in inventories.

Meanwhile, in the North Sea, production of crude oil from Britain’s Buzzard field, which can produce 180,000 barrel per day, was temporarily halted as repair work is carried out at an onshore processing terminal, according to market sources.

Trade suggestion
Buy Digital Call Option from 54.60 to 55.30 valid until 21:00 GMT April 05, 2017

 

[Option_Banque]

USD/CAD signal by Option Banque

From 1.34200
Till 1.34500

Buy Option Digital
Direction Call
Expiry GMT 21:00 05/04/2017

 

[Option_Banque]

Daily Report on April 06, 2017 by Option Banque

Daily Report on April 06, 2017



Asian markets declined on Thursday, taking their cues from U.S. equities that ticked lower overnight after the latest Federal Reserve meeting showed policymakers considered shrinking the U.S. central bank’s balance sheet this year. The MSCI Asia Pacific Index dropped 1 percent to its lowest since March 15, led by losses in Japanese equities which fell the most in two weeks to trade at the lowest in four months.

Indeed, Japan’s Topix index shed 1.7 percent to the lowest level since December, marking the biggest one-day slide since March 22. The Hang Seng China Enterprises Index was down 1 percent followed by Hong Kong’s Hang Seng, South Korea’s Kospi and Australia’s S&P/ASX 200 Index that all lost 0.6 percent. Futures on the S&P 500 plunged by 0.4 percent.

The a summary of the Federal Open Market Committee meeting held in March revealed that Federal Reserve officials looked set to shrink the central bank’s $4.5 trillion balance sheet later this year.

Crude oil futures prices dropped on Thursday after having reversed lower the day before as U.S. government data showed a rise in domestic supplies which is eroding efforts led by OPEC to cut output and prop up prices. The U.S. Energy Information Administration (EIA) on Wednesday reported a 1.57 million barrels increase in crude inventories last week, sending a 1.57 million barrels increase in crude inventories.

Also contributing the crude’s slide, data released by the U.S. Census Bureau on Tuesday showed U.S. exports rose to a record 31.2 million barrels during February, which was equivalent to 1.1 million bpd, with most cargoes going to Asia - a market long dominated by Saudi Arabia and other Middle East producers.



Technicals

EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD failed to cross over the long-term MA50 and is struggling to penetrate the short-term MA20 from above. After recent down moves, the market has entered the bearish zone, as indicated by RSI which has fallen to as low as 45.66. A support at 1.52000 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.52700 to 1.52000 valid until 21:00 GMT April 06, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. crude prices rebounded from the short-term MA20 and is heading higher, retaining the market in the bullish zone, as indicated by the RSI index. The uptrend is becoming stronger with ADX edging higher while the gap between +DI and –DI lines are widening.

Trade suggestion

Buy Digital Call Option from 51.20 to 52.00 valid until 21:00 GMT April 06, 2017



COFFEE



Fig: COFFEE H4 Technical Chart

Coffee’s price action has crossed over both long-term MA50 and short-term MA20. In general the commodity has been moving sideways but the market has remained in the bearish zone for a long time, suggesting dominating bearish force in the market. The price is expected to test a support at 61.8% Fibonacci level.

Trade suggestion

Buy Digital Put Option from 137.10 to 136.00 valid until 21:00 GMT April 06, 2017



NASDAQ



Fig: NASDAQ H4 Technical Chart

US’s NASDAQ index rebounded from the long-term MA50 support and is heading upward towards a resistance at 5450.00. The RSI index has returned to the bullish zone after having moved past the central line. The benchmark is expected to advance further.

Trade suggestion

Buy Digital Call Option from 5425.00 to 5450.00 valid until 21:00 GMT April 06, 2017

 

[Option_Banque]

Oil Trade Idea by Option Banque

Oil Edges Lower On The Back Of Rising U.S. Supplies And Increasing U.S. Crude Exports

Crude oil futures prices dropped on Thursday after having reversed lower the day before as U.S. government data showed a rise in domestic supplies which is eroding efforts led by OPEC to cut output and prop up prices.

The U.S. Energy Information Administration (EIA) on Wednesday reported a 1.57 million barrels increase in crude inventories last week, sending a 1.57 million barrels increase in crude inventories.

Also contributing the crude’s slide, data released by the U.S. Census Bureau on Tuesday showed U.S. exports rose to a record 31.2 million barrels during February, which was equivalent to 1.1 million bpd, with most cargoes going to Asia – a market long dominated by Saudi Arabia and other Middle East producers.

Trade suggestion
Buy Digital Put Option from 50.80 to 50.00 valid until 21:00 GMT April 06, 2017

 

[Option_Banque]

AUD/JPY signal by Option Banque

From 83.200
Till 82.700

Option Digital
Direction Put
Expiry GMT 21:00 06/04/2017

 

[Option_Banque]

Daily Report on April 07, 2017 by Option Banque

Daily Report on April 07, 2017



Global shares inched lower while Japanese Yen and gold prices surged on Friday, as investors flocked to the perceived haven asset on the back of U.S. military airstrikes against Syria. European stocks plunged by 0.3 percent, weighed down by weakness in mining stocks while U.S. stock futures looked set to gapped down after having fallen sharply in the immediate aftermath of the strikes.

U.S President Donald Trump said he had ordered nearly-60-Tomahawk-cruise-missiles against a Syrian air base at dawn local time Friday. Trump said the U.S. military operation was a response to a “barbaric” chemical weapons attack in Syria that left tens of civilians dead, declaring he acted in America's "national security interest" against Syrian President Bashar al-Assad.

The U.S. March jobs report is due to be published later on the day and is expected to cap the strongest quarterly growth since 2012. Analysts predict non-farm payrolls will increase by 180,000 last month, with some forecasts revised higher after strong private payroll numbers. Also of interest will be average earnings, set to rise 0.2 percent month-on-month. Jobless rate is forecast to remain unchanged.

Data published by the U.K. Office for National Statistics on Friday showed that domestic industrial output shrank more than expected in February. Manufacturing output was reported to decline by 0.7% in February--much more than expected by analysts who predicted a fall of 0.1%.



Technicals

AUDNZD



Fig: AUDNZD H4 Technical Chart

AUDNZD has been struggling with a support at 1.08000 since Asian trading hours. This is a major support as it also forced the pair to reverse higher on March 27th. However, the pair is likely to inch lower this time with two MAs hanging above the price action with a market immersing in the bearish zone.

Trade suggestion

Buy Digital Put Option from 1.07900 to 1.07550 valid until 21:00 GMT April 07, 2017



GOLD


Fig: GOLD H1 Technical Chart

After soaring strongly late Thursday, gold has fallen in a period of moving sideways, as can be seen from the ADX index which has dropped below 20, which indicates no clear trend in the market. However, RSI is edging higher, signaling a dominating bullish force which may send the pair higher.

Trade suggestion

Buy Digital Call Option from 1265.00 to 1270.00 valid until 21:00 GMT April 07, 2017



BRENT



Fig: BRENT H1 Technical Chart

Brent crude prices rebounded at a support at 55.00 and are likely to penetrate the short-term MA20 from below after shortly falling below this dynamic support. The market remained in the bullish territory, suggesting further advances. The resistance at 56.05 is within the sight.

Trade suggestion

Buy Digital Call Option from 55.25 to 56.05 valid until 21:00 GMT April 07, 2017



DAX 30 Index



Fig: DAX 30 Index H1 Technical Chart

DAX 30 index failed to cross over the short-term MA20 at around 12190.00 and reversed lower. The pair headed lower, on course to test a firm support at 12120.00. The stock benchmark is expected to inch lower as the market has still dominated by the bearish force, as indicated by RSI which is pointing downwards.

Trade suggestion

Buy Digital Put Option from 12160.00 to 12120.00 valid until 21:00 GMT April 07, 2017

 

[Option_Banque]

AUD/CAD signal by Option Banque

From 1.00900
Till 1.00400

Option Digital
Direction Put
Expiry GMT 21:00 07/04/2017

 

[Option_Banque]

Daily Report on April 10, 2017 by Option Banque

Daily Report on April 10, 2017



Most Asian stock markets inched higher on Monday, especially Japanese equities which were pushed higher by a weaker Yen. The Topix index climbed by 0.7 percent, advancing for a second day, and Australia’s S&P/ASX 200 Index jumped 0.9 percent.

Japanese Yen dropped to the lowest level in one week versus the dollar on Monday after Bank of Japan Governor Haruhiko Kuroda stated that Japan consumer inflation is going to move around zero percent for time being and the central bank would ramp up aggressive asset purchases and maintain its massive monetary stimulus until inflation is stably above its 2 percent target.

The dollar started the new week at three-week highs against a currency basket on Monday, shrugging off concerns over a worse-than-expected Non-farm Payrolls released last Friday as a key U.S. Federal Reserve official reinforced the central bank's commitment to interest rate hikes. Investors remained focused on the Federal Reserve’s plans to tighten monetary policy after New York Fed President William Dudley on Friday said that plans to trim the Fed’s balance sheet later this year would prompt only a "little pause" in its rate hike plans.

Crude prices edged higher on Monday, spurred by strong demand and uncertainty over the conflict in Syria. According to market sources, India has overtook Japan as the world's third biggest oil importer, witnessing its March oil demand grow by 4.9 percent from the same month a year ago.

However, the rally may be obstructed due to another increase in U.S. oil drilling. U.S. oil producers were reported to add more oil rigs for the 12th straight week and send the total rigs to 672 - the highest since August 2015. Beyond the United States, other producers are also benefiting from OPEC's supply cuts and tighter market. According to Brazil’s government data, the country's oil exports have soared 65 percent since February 2016, to a record of more than 1.46 million bpd.



Technicals

AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD has been moving sideways above the level 1.00300 since last Friday but looked set to resume its downtrend and inch lower with downward pressure from two MAs hanging above the price action. The pair may slide to as low as 38.2% Fibonacci level. While RSI is heading lower, ADX is soaring, suggesting stronger downtrend.

Trade suggestion

Buy Digital Put Option from 1.00300 to 0.99900 valid until 21:00 GMT April 10, 2017



EURCAD



Fig: EURCAD H4 Technical Chart

EURCAD has fallen below a major support at 1.42000 but the prices are still lingering below this handle. Two MAs are hanging above the price action, depressing the price lower. A support at 50.0% Fibonacci retracement is expected to be tested.

Trade suggestion

Buy Digital Put Option from 1.41800 to 1.41200 valid until 21:00 GMT April 10, 2017



SILVER



Fig: SILVER H4 Technical Chart

SILVER reversed lower after having failed to surpass a firm resistance at 18.000. The metal dropped steeply on Friday to the lowest level since March 27th and consequently fell into a correction. However, the market which remains in the bearish zone may takes the price lower. A support at 17.740 is within the sight.

Trade suggestion

Buy Digital Put Option from 17.900 to 17.740 valid until 21:00 GMT April 10, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. crude prices have been supported by the short-term MA20. Indeed, the commodity reversed higher after hitting this dynamic support last Friday and is heading higher in an attempt to test a resistance at 53.30. Both RSI and ADX are soaring higher while the gap between +DI and –DI are widening, suggesting further upbeat moves.

Trade suggestion

Buy Digital Call Option from 52.60 to 53.30 valid until 21:00 GMT April 10, 2017

 

[Option_Banque]

USDJPY Trade Idea by Option Banque

Japanese Yen Hits One-Week Low Versus Dollar After Remarks By BOJ Governor Kuroda

Japanese Yen dropped to the lowest level in one week versus the dollar on Monday after Bank of Japan Governor Haruhiko Kuroda stated that the central bank would maintain its QQE program with yield curve control for as long as needed to achieve 2 percent inflation in stable manner.

The dollar started the new week at three-week highs against a currency basket on Monday, shrugging off concerns over a worse-than-expected Non-farm Payrolls released last Friday as a key U.S. Federal Reserve official reinforced the central bank’s commitment to interest rate hikes.

Investors remained focused on the Federal Reserve’s plans to tighten monetary policy after New York Fed President William Dudley on Friday said that plans to trim the Fed’s balance sheet later this year would prompt only a “little pause” in its rate hike plans.

The pair USDJPY hit the highest level since April 03, spurred by comments from BOJ Governor Kuroda which reiterated Japan consumer inflation is going to move around zero percent for time being and the central bank would ramp up aggressive asset purchases and maintain its massive monetary stimulus until inflation is stably above its 2 percent target.

Trade suggestion
Buy Digital Call Option from 111.500 to 111.900 valid until 21:00 GMT April 06, 2017