Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.65700
Till 1.66200

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/04/2017

 

[Option_Banque]

Daily Report on April 11, 2017 by Option Banque

Daily Report on April 11, 2017



Asian shares declined on Tuesday amidst mounting concerns over escalating political tinderbox in the Middle East and the Korean Peninsula. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4 percent with Chinese stocks falling about 0.1 percent. Hong Kong shares slid 0.7 percent while Tokyo's Nikkei slipped 0.5 percent, dragged lower by a stronger yen. The declines were also led by losses in shares of Toshiba Corp., which slumped 4.3 percent.

The White House press secretary on Monday warned Syria to stop using barrel bombs against civilians, suggesting President Donald Trump may be open to authorizing additional strikes on Syria if the use of chemical weapons continues in the country. South Korean assets have sold off amid speculation the U.S. could make a similarly aggressive pivot when it comes to Pyongyang.

A U.S. Navy strike group was reported to head toward the western Pacific Ocean near the Korean peninsula as a show of force. Additionally, on Monday, China and South Korea agreed to tougher sanctions on North Korea if it carries out nuclear or long-range missile tests.

Crude prices reversed lower on Tuesday after having been pushed higher in the previous session thanks to shutdown at Libya's largest oilfield over the weekend and the U.S. strikes against Syria. According to market sources, Libya's Sharara oilfield, which had only just returned to production, was shut on Sunday after a group blocked a pipeline linking it to an oil terminal.



Technicals

USDCHF


Fig: USDCHF H1 Technical Chart

USDCHF has been struggling around a support at 1.00700 after having fallen from as high as 1.00900. The pair failed to sustain its upbeat moves after having crossed a couple of MAs. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. RSI heading downwards helps confirm further declines.

Trade suggestion

Buy Digital Put Option from 1.00700 to 1.00300 valid until 21:00 GMT April 11, 2017



CADJPY



Fig: CADJPY H4 Technical Chart

CADJPY has broken out of a downtrend that had formed lower highs since March 10th. As can be seen from the price chart, the pair has been supported by the short-term MA20 and may edge higher as the market has remained in the bullish zone. A resistance at 83.700 is within the sight.

Trade suggestion

Buy Digital Call Option from 83.200 to 83.700 valid until 21:00 GMT April 11, 2017



WTI


Fig: WTI H4 Technical Chart

U.S. crude prices have been surging higher with upward support from two MAs lingering below the price action. The pair seems to reverse higher after a short break of correction. RSI remained at high level, suggesting a strong bullish market. The commodity is expected to reach a resistance at 54.00

Trade suggestion

Buy Digital Call Option from 53.20 to 54.00 valid until 21:00 GMT April 11, 2017



FTSE 100



Fig: FTSE 100 Index H4 Technical Chart

FTSE100 index has been supported by a couple of MAs. The stock benchmark has broken out of a period of moving sideways around the support at 7350.00 and is heading higher to attempt a major resistance at 7400.00. RSI is pointing upwards, signaling further uptrend.

Trade suggestion

Buy Digital Call Option from 7380.00 to 7400.00 valid until 21:00 GMT April 11, 2017

 

[Option_Banque]

Trade signals by Option Banque

CAD/CHF signal by Option Banque
From 0.75700
Till 0.76000
Buy Option Digital
Direction Call
Expiry GMT 21:00 11/04/2017


EUR/NZD signal by Option Banque
From 1.52450
Till 1.52000
Option Digital
Direction Put
Expiry GMT 21:00 12/04/2017

 

[Option_Banque]

Daily Report on April 12, 2017 by Option Banque

Daily Report on April 12, 2017

European shares advanced on Wednesday, spurred by shares of Daimler AG which reported that the company’s pretax profit in the first three months comfortably outpaced market forecast by soaring 87%. However, the gains were constrained partly due to rising geopolitical worries. North Korea’s foreign ministry on Tuesday said that it was ready for “war” if the U.S. continued further military moves like the one seen Sunday, when it sent a Navy strike group to the region.

Crude oil futures rose on Wednesday, on course for a seventh session heading higher. If confirmed, this would be their longest streak of gains since August 2016 when it recorded a six-day bull-run. The Wall Street Journal on Tuesday reported that Saudi Arabia told members of the Organization of the Petroleum Exporting Countries and other producers that it wants to extend the group’s agreement to cut crude production for another six months when OPEC meets in May.

The industry-funded American Petroleum Institute said U.S. crude stockpiles slipped 1.3 million barrels last week. Later on Wednesday, the EIA will reveal its own data while OPEC will publish its monthly oil report in Vienna.

The Chinese National Bureau of Statistics, in Asian trading session, reported the country’s producer price inflation cooled for the first time in seven months in March. China's producer price index (PPI) was reported to rise 7.6 percent in March from a year earlier, roughly in line with expectations.

Last month’s figure eased from 7.8 percent in February, which marked a nine-year high, due to the fact that as iron ore and coal prices tumbled. Chinese steel production is outweighing demand and may cause a glut to the metal market later this year.



Technicals

AUDUSD


Fig: AUDUSD H4 Technical Chart

As can be seen from the chart, the pair AUDUSD has been depressed by the short-term MA20 which sent the prices below a support at 0.74900. With a market dominated by bearish force, the price is expected to dip lower, probably to as low as the level at 38.2% Fibonacci level.

Trade suggestion

Buy Digital Put Option from 0.74800 to 0.74500 valid until 21:00 GMT April 12, 2017



EURNZD



Fig: EURNZD H4 Technical Chart

EURNZD has been on an uptrend since it reversed higher from two MAs. The RSI index has been marching while ADX index has also been soaring with a widening gap between the +DI and –DI lines. The pair is forecast to edge higher to as high as a resistance at 1.53700.

Trade suggestion

Buy Digital Call Option from 1.53200 to 1.53700 valid until 21:00 GMT April 12, 2017



SUGAR


Fig: SUGAR H1 Technical Chart

Sugar has been rising with support from two MAs lingering below the price action and a support at 16.60. As indicated by RSI index, the market remains in the bullish zone, which signals further advances. A resistance at 50.0% Fibonacci retracement is within the sight.

Trade suggestion

Buy Digital Call Option from 16.90 to 17.15 valid until 21:00 GMT April 12, 2017



DAX


Fig: DAX H4 Technical Chart

DAX index failed to break through a couple of MAs. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. RSI remained moving below the central line, indicating a strong bearish momentum. A support at 12050.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 12140.00 to 12050.00 valid until 21:00 GMT April 12, 2017

 

[Option_Banque]

NZDUSD Trade Idea by Option Banque

New Zealand Dollar Loses Ground Against The Greenback, Pressured By Weak Chinese CPI And PPI Figures

The New Zealand dollar fell to its lowest level since Monday against the U.S. dollar on Wednesday after weak CPI and PPI data from China – New Zealand’s top trading partner.

The Kiwi remained under pressure versus its American counterpart, sending the pair NZDUSD to as low as 0.69200 – the lowest which has not been seen since April 10th. The weakness of the currency pair came after the Chinese National Bureau of Statistics, in Asian trading session, reported the country’s producer price inflation cooled for the first time in seven months in March.

China’s producer price index (PPI) was reported to rise 7.6 percent in March from a year earlier, roughly in line with expectations. Last month’s figure eased from 7.8 percent in February, which marked a nine-year high, due to the fact that as iron ore and coal prices tumbled. Chinese steel production is outweighing demand and may cause a glut to the metal market later this year.

Trade suggestion
Buy Digital Put Option from 0.69200 to 0.68900 valid until 21:00 GMT April 12, 2017

 

[Option_Banque]

GBP/NZD signal by Option Banque

From 1.08000
Till 1.08600

Buy Option Digital
Direction Call
Expiry GMT 21:00 12/04/2017

 

[Option_Banque]

S&P 500 Trade Idea by Option Banque

U.S. Shares Edge Lower Amid Heightened Geopolitical Tensions

U.S. stocks declined on Wednesday with all three share benchmarks trading lower, weighed down by caution taken by investors amidst persistent geopolitical risks.

The S&P 500 index maintained its recent downward bias, losing nearly 0.5 percent to trade as low as 2342.00. Eight of the 11 main sectors were in negative territory, led by losses in materials, industrials and financials which dropped about 1 percent each.

Geopolitical tensions have heightened after President Donald Trump pressed China to act on the threats coming out of North Korea. The U.S. President stated that his country would take unilateral action if Beijing doesn’t act. Additionally, the White House has accused Russia of trying to cover up the suspected chemical weapon attack in Syria, calling Russia to abandon its support for Syrian President Bashar al-Assad.

Trade suggestion
Buy Digital Put Option from 2340.00 to 2335.00 valid until 21:00 GMT April 12, 2017

 

[Option_Banque]

Daily Report on April 13, 2017 by Option Banque

Daily Report on April 13, 2017



Most Asian stocks fell on Thursday, led by Japanese shares which retreated for a third day after the yen rose to the strongest in almost five months against dollar. The Topix index dropped 1.1 percent, heading toward the lowest closing level since November. Sydney’s S&P/ASX 200 reversed lower, falling for the first time in five days.

The Australian dollar rose strongly versus its American counterpart in Asian trading hours on Thursday, soaring as high as 0.75700 – the highest level in more than a week as ABS’s report showed domestic employment increased by a massive 60,900 last month, which easily surpassed an expectation calling for a rise of 20,000. February’s figure was also revised higher to show an increase of 2,800 after having been previously reported as a drop of 6,400.

The rally in employment in March sent the total data to 12.06 million, the highest level on record. On a yearly basis, employment grew by 146,000, or 1.22%, marking the fastest percentage increase since September last year.

Meanwhile, the greenback has been losing its steam following U.S. President Donald Trump’s comments over the current strength of the currency. The U.S. dollar slumped broadly versus most of its peers after Trump told the Wall Street Journal that the dollar "is getting too strong". The President stated that the Federal Reserve should keep interest rates low.

Crude oil futures prices slid for a second session on Thursday, moving away from a one-month high recorded the last session in spite of a drop in U.S. inventories last week. The Energy Information Administration (EIA) reported that U.S. oil storages unexpected fell in the week through April 07th by 2.2 million barrels as imports declined by 717,000 barrels a day.



Technicals

NZDUSD


Fig: NZDUSD H4 Technical Chart

NZDUSD reversed strongly from a support at 0.69100. The pair has not only breached both short-term and long-term MAs, but also broken through a major resistance at 38.2% Fibonacci level. RSI is heading upwards, suggesting further advances which can send the pair as high as 0.70400.

Trade suggestion 

Buy Digital Call Option from 0.70000 to 0.70400 valid until 21:00 GMT April 13, 2017



EURUSD


Fig: EURUSD H4 Technical Chart

EURUSD has been rising higher following a hit with the short-term MA20. The pair reversed after failing to trade lower this dynamic support. The downtrend seemed to reverse as the price action has broken above both two MAs. The price is expected to reach a resistance at 1.07400.

Trade suggestion 

Buy Digital Call Option from 1.06800 to 1.07400 valid until 21:00 GMT April 13, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude one more time reversed higher after briefly falling below the short-term MA20. The market remains in the bullish zone with RSI index rebounding from the central line. In the event of extended upbeat moves, the commodity is expected to retest the level 56.60.

Trade suggestion 

Buy Digital Call Option from 55.90 to 56.60 valid until 21:00 GMT April 13, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver has broken a firm resistance at 18.400 to reach the highest level since November 11th, 2016. As the market has hit the oversold zone, the price has retreated a little bit. However, the price is expected to reverse soon and may test a resistance at 18.610.

Trade suggestion 

Buy Digital Call Option from 18.510 to 18.610 valid until 21:00 GMT April 13, 2017

 

[Option_Banque]

FTSE Trade Idea by Option Banque

U.K. Shares Lose Ground, Set To Close the Holiday-shortened Week Lower

U.K. shares plunged on Thursday ahead of a long holiday with the equity market closed on Friday for the Good Friday holiday and Monday in observance of Easter. Banking stocks lost ground as investors were taking caution, waiting for financial results from U.S. heavyweights in the sector including Citigroup Inc, J.P. Morgan Chase & Co. and Wells Fargo & Co.

The FTSE 100 lost more than 0.5 percent to trade as low as 7304.00, on course to close the holiday-shortened week lower. Bank shares weighed down the stock benchmark with equities of HSBC Holdings PLC shedding 1.62 percent. Stocks of Barclays PLC slipped 0.89 percent while those of Royal Bank of Scotland PLC and Standard Chartered PLC stumbled around 1.5 percent each.

Miners’ shares were fixed. While stocks of Glencore PLC, Rio Tinto PLC and Anglo American PLC were lower, those of Fresnillo PLC, Randgold Resources PLC and Antofagasta PLC were trading in positive territories.

Trade suggestion

Sell Stop at 7300.00, Take profit 7270.00, Stop loss at 7315.00

 

[Option_Banque]

AUDUSD Trade Idea by Option Banque

AUDUSD Surges Strongly After ABS Jobs Report, Trump Dumps Dollar

The Australian dollar rose strongly versus its American counterpart in Asian trading hours on Thursday after the Australian Bureau of Statistics reported the country’s jobs report for March that beat forecast. Meanwhile, the greenback has been losing its steam following U.S. President Donald Trump’s comments over the current strength of the currency.

The pair surged as high as 0.75700 – the highest level in more than a week as ABS’s report showed domestic employment increased by a massive 60,900 last month, which easily surpassed an expectation calling for a rise of 20,000. February’s figure was also revised higher to show an increase of 2,800 after having been previously reported as a drop of 6,400.

The rally in employment in March sent the total data to 12.06 million, the highest level on record. On a yearly basis, employment grew by 146,000, or 1.22%, marking the fastest percentage increase since September last year.

The U.S. dollar, however, slumped broadly versus most of its peers after Trump told the Wall Street Journal that the dollar “is getting too strong”. The President stated that the Federal Reserve should keep interest rates low.

Trade suggestion
Buy Digital Call Option from 0.75700 to 0.76100 valid until 21:00 GMT April 13, 2017

 

[Option_Banque]

Daily Report on April 17, 2017 by Option Banque

Daily Report on April 17, 2017



Asian shares were mixed on Monday, weighed by down beat U.S. economic data released last Friday and uncertainties over North Korea and coming French elections. So-called safe-haven Japanese yen climbed 0.3 percent versus the dollar to its highest level since mid-November. Japan’s Topix index rose 0.5 percent though, after reversing morning declines. South Korea’s Kospi index also added 0.5 percent.

The Shanghai Composite Index plunged to the lowest level of the month, losing 0.7 percent on Monday even after upbeat economic data, weighed down by concerns over Korea and a call by China’s stock regulator for stricter supervision of companies. According to China’s government data, the economy accelerated for a second-straight quarter.

Chinese gross domestic product was reported to increase by 6.9 percent in the first quarter from a year earlier, spurred by a rise in investment, retail sales and factory output as well as robust credit growth and further strength in property markets. The figure was slightly higher than a 6.8 percent median estimate by economists.

Also having been reported on Monday, China’s fixed-asset investment excluding rural areas advanced by 9.2 percent for the first three months, accelerating from 8.1 percent growth last year. Retail sales were also reported to jump, increasing by 10.9 percent from a year earlier in March, comfortably beating a median estimate of 9.7 percent forecast by analysts. Industrial output rose 7.6 percent last month from a year earlier, compared with an estimated 6.3 percent rise.

Australia, New Zealand and Hong Kong were closed Monday, as are most major European markets. The U.S. is set to resume trading.



Technicals

GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD has been tracing an upward trend with support from the short-term MA20. The pair reversed higher after hitting a support at 1.25000 on Friday. As RSI index is advancing to as high as 63.41 which suggests a strong uptrend, the pair is expected to inch higher.

Trade suggestion

Buy Digital Call Option from 1.25500 to 1.25900 valid until 21:00 GMT April 17, 2017



Sugar



Fig: Sugar H1 Technical Chart

Sugar has fallen below both the short-term MA20 and the long-term MA50, which suggests a strong downtrend in the market. RSI has also moved past the central line from above, signaling that the market has entered a bearish territory. In the event of further down moves, the commodity may test a support at 16.10.

Trade suggestion

Buy Digital Put Option from 16.60 to 16.10 valid until 21:00 GMT April 17, 2017



GOLD


Fig: GOLD H4 Technical Chart

Supported by a couple of MAs which are lingering below the price action, the precious metal has been tracing higher, heading towards a firm resistance at 23.6% Fibonacci retracement. RSI has rebounded from the central line, indicating the market remains in the bullish territory.

Trade suggestion

Buy Digital Call Option from 1290.00 to 1297.00 valid until 21:00 GMT April 17, 2017



NASDAQ 100



Fig: NASDAQ 100 H4 Technical Chart

U.S. stock benchmark NASDAQ 100 index has broken through a support at 5360.00 and is heading lower towards another firm support at 5320.00. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strong bearish momentum in the market. While RSI is pointing downwards, ADX is soaring, signaling further downtrend.

Trade suggestion

Buy Digital Put Option from 5350.00 to 5320.00 valid until 21:00 GMT April 17, 2017

 

[Option_Banque]

AUD/NZD signal by Option Banque
From 1.08300
Till 1.08700
Buy Option Digital
Direction Call
Expiry GMT 21:00 17/04/2017


SP500/USD signal by Option Banque
From 2340.00
Till 2350.00
Buy Option Digital
Direction Call
Expiry GMT 21:00 17/04/2017

 

[Option_Banque]

Daily Report on April 18, 2017 by Option Banque

Daily Report on April 18, 2017



Asian shares dipped on Tuesday with MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.6%. Australian shares slumped due to a selloff in iron ore that weighed on commodity producers, offsetting gains in Japanese equities boosted by a weaker yen. Japan's Nikkei added 0.2 percent on the back of comments by U.S. Treasury Secretary Steven Mnuchin. Muchin stated on Monday that the dollar’s strength is “a good thing.”

China's CSI300 index was struggling to find direction while Hong Kong's Hang Seng index shed 0.9 percent. South Korea's KOSPI inched 0.2 percent lower after U.S. Vice President Mike Pence, in a meeting with business leaders in Seoul, said that President Donald Trump's administration would review and reform the five-year-old free trade agreement between the two countries.

The Reserve Bank of Australia released its minutes of this month’s policy meeting earlier on Tuesday, highlighting the balancing act the central bank had to perform due to “somewhat weaker than had been expected” labor market and high unemployment rate. Data released two weeks ago showed the measure of underemployment remained at a high 5.9 percent.

According to Chinese National Bureau of Statistics, the country’s home prices rose in the most cities since October. Given the fact that buyers are seemingly trying to get in the housing market ahead of any further restrictions on property purchases, new-home prices, excluding government-subsidized housing, gained last month in 62 of the 70 cities tracked by the government. This was higher than the reading of 56 in February.



Technicals

GBPAUD


The pair has put an end to a period of moving sideways that kept the prices around the 38.2% Fibonacci level. The price action has also broken above a couple of MAs, suggesting a strong uptrend. While RSI is rising, ADX chart is showing a wide gap between +DI and –DI lines, signaling further up moves.

Trade suggestion

Buy Digital Call Option from 1.66300 to 1.67000 valid until 21:00 GMT April 18, 2017



Coffee


Coffee price has apparently been deliberated from a downtrend that was restrained by a slopping downtrend line connecting lower highs. The commodity price is heading upwards, on course to retest a resistance at 50.0% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 141.00 to 141.00 valid until 21:00 GMT April 18, 2017



BRENT


Brent crude has been tracing lower, sending the price action below two MAs. The commodity has also turned these two MAs into new dynamic resistances. Crude prices are expected to edge lower to as low as 54.70 as RSI is heading downwards while ADX index is soaring, suggesting a strengthening down trend.

Trade suggestion

Buy Digital Put Option from 55.20 to 54.70 valid until 21:00 GMT April 18, 2017



FTSE 100


FTSE 100 index’s price action has broken below both the long-term MA50 and short-term MA20. The stock benchmark has been trapped between a trading range of 7400.00 and 7260.00 and looked set to test the lower boundary with the market remaining in bearish zone.

Trade suggestion

Buy Digital Put Option from 7300.00 to 7300.00 valid until 21:00 GMT April 18, 2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

Sterling Soars To The Highest Since Early December After May’s Surprise Statement

British Pound surged nearly 2 percent to trade at the highest level since early December, 2016 after Prime Minister Theresa May on Tuesday called for an early election on June 8, which suggests a potential stable domestic U.K. politics ahead of Brexit.

The pair GBPUSD soared steeply on Tuesday after May called an early vote in June in an attempt to seek to strengthen her parliamentary power in divorce talks with the European Union.

According to Deutsche Bank, May’s surprise statement was considered to be a “game-changer” for the currency as support for her Brexit plan will be shored up considerably if she wins the June poll.

Trade suggestion
Buy Digital Call Option from 1.27600 to 1.28000 valid until 21:00 GMT April 18, 2017

 

[Option_Banque]

Netflix Trade Idea by Option Banque

Supported By A Sharp Surge In Earnings, Shares Of Netfix Reverse Higher

Shares of Netflix added 1.43% in post market trading, reversing higher after a 4-percent loss following a quarterly report that showed the streaming giant added fewer subscribers than expected during the first quarter.

Netflix was firstly weighed down by data that showed the company added 5.0 million subscribers during the quarter, which was lower than both analysts’ expectation of 5.3 million new subscribers and Netflix’s guidance for 5.2 million net adds.

However, shares regained its strength thanks to upbeat earnings. The company said its bottom line rose to $178 million, or $0.40 per share, a rise of more than 600% compared to $28 million, or $0.06 per share, in last year’s first quarter.

Revenue for the quarter was also reported to rise, jumping 34.7% to $2.64 billion from $1.96 billion last year.

Trade suggestion
Buy Digital Call Option from 149.50 to 152.00 valid until 21:00 GMT April 18, 2017

 

[Option_Banque]

USD/CHF signal by Option Banque

From 0.99800
Till 0.99500

Option Digital
Direction Put
Expiry GMT 21:00 18/04/2017

 

[Option_Banque]

Daily Report on April 19, 2017 by Option Banque

Daily Report on April 19, 2017



While Asian shares lost ground, European stocks advanced thanks to gains in commodity producers. Depressed by losses in Chinese equities, stocks in Asia fell with the MSCI Asia Pacific Index retreated 0.4 percent. The Shanghai Composite Index fell 1 percent to the lowest level since February while The Hang Seng Index slid 0.7 percent.

Australia’s S&P/ASX 200 Index and South Korea’s Kospi also found themselves in bearish territories, losing 0.7 percent and 0.5 percent, respectively.

By contrast, European shares rose, boosted by higher metals prices. The Stoxx Europe 600 Index reversed higher after the biggest one-day loss since November. The benchmark was led by materials companies, especially Glencore Plc, as zinc, aluminum and iron ore rose after sharp drops earlier in the week.

Oil futures prices edged higher after two days of declines in a row. Both crude benchmarks advanced on Wednesday after a weekly report showed a drop in U.S. inventories.

The American Petroleum Institute (API) on Tuesday said U.S. storages plunged by 840,000 barrels in the week to April 14 to 531.6 million barrels. Official U.S. oil data is expected to be published later on Wednesday by the Energy Information Administration (EIA).



Technicals

AUDUSD


Fig: AUDUSD H4 Technical Chart

AUDUSD’s price action has dropped below the long-term MA50, suggesting a strong downtrend after the pair reversed from a resistance at 23.6% Fibonacci level. As the RSI is heading downwards while ADX is edging higher, the down moves are expected to extend which may send the price to as low as a support at 0.74700.

Trade suggestion

Buy Digital Put Option from 0.75100 to 0.74700 valid until 21:00 GMT April 19, 2017



GBPNZD



Fig: GBPNZD H4 Technical Chart

GBPNZD retreated after it hit the highest level since early August 2016. The currency pair soon rebounded from a support at 1.82000. Both RSI and ADX indices are soaring, signaling a strong uptrend that may bring the pair to as high as a resistance at 1.83500.

Trade suggestion

Buy Digital Call Option from 1.82900 to 1.83500 valid until 21:00 GMT April 19, 2017



EURCAD



Fig: EURCAD H4 Technical Chart

EURCAD has been tracing higher since it rebounded from a support at 50.0% Fibonacci level. The rally has sent the market into an overbought zone. As the result, it may be hard for the pair to break a resistance at 1.44800 even ADX is still soaring high.

Trade suggestion

Buy Digital Call Option from 1.44000 to 1.44800 valid until 21:00 GMT April 19, 2017



FTSE 100



Fig: FTSE 100 H4 Technical Chart

FTSE 100 continued to trade lower following a short correction after the pair fell to the lowest level since early February. RSI also reversed higher, signaling an overwhelming bearish momentum in the market. The stock benchmark is expected to fall as low as 7090.00.

Trade suggestion

Buy Digital Put Option from 7130.00 to 7090.00 valid until 21:00 GMT April 19, 2017

 

[Option_Banque]

IBM Trade Idea by Option Banque

Weighed Down By Declining Quarterly Revenue And Earnings, IBM Shares Tumble

Shares of International Business Machines Corp. (IBM Corp.) plunged sharply by more than 5 percent in after-hour U.S. trading on Tuesday after the company reported declines in revenue and earnings on a yearly basis.

The software company said in the first quarter of 2017, it earned a net income of $1.75 billion, or $1.85 a share, which was below a figure of $2 billion, or $2.09 a share, in the year-earlier period. Excluding one-time items, IBM said earnings came in at $2.38 a share, roughly above consensus estimate of $2.35.

Regarding the company’s revenue for the three-month period, data showed a decline to $18.16 billion from $18.7 billion last year regardless of a 60% improvement in its software-as-a-service business. The result missed a Wall Street’s estimate of $18.4 billion.

As for its fiscal 2017 outlook, IBM maintained its forecast for earnings of at least $13.80 a share. This was slightly above analysts’ expectations calling for full-year earnings of $13.77 a share.

Trade suggestion
Buy Digital Put Option from 161.00 to 159.00 valid until 21:00 GMT April 19, 2017

 

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.70350
Till 1.71000

Buy Option Digital
Direction Call
Expiry GMT 21:00 19/04/2017

 

[Option_Banque]

Daily Report on April 20, 2017 by Option Banque

Daily Report on April 20, 2017



European shares edged higher on Thursday after having fluctuated in early trade while Asian shares closed higher. On the back of a weak Japanese Yen and better-than-forecast trade figures, Japan’s Topix index scored its first weekly gain in more than a month. Stocks in Hong Kong, Australia and South Korea all advanced. The Hang Seng rose by 0.7 percent, Australia’s S&P/ASX 200 Index jumped 0.3 percent while South Korea’s Kospi index climbed 0.5 percent.

French stocks soared on Thursday with gains in equities of Publicis Groupe SA and Pernod Ricard SA overwhelming concerns over risks associated with this weekend’ presidential election vote.

Crude oil rebounded, rising by more than 0.6 percent following a slump of 3.8 percent Wednesday as the EIA reported U.S. gasoline supplies increased for the first time since February while U.S. crude oil production surged to 9.25 million barrels per day (bpd), up almost 10 percent since mid-2016.

According to data released by the Ministry of Finance, Japanese exports grew at the fastest rate in more than two years in March. Japan’s exports were reported to take off by 12 percent from a year earlier while imports jumped 15.8 percent. That left the trade balance for March surplus at 614.7 billion yen ($5.64 billion), higher than economists’ estimate of 608 billion yen.

Elsewhere, New Zealand consumer price inflation (CPI) was said to jump steeply in the March quarter, reaching its central bank’s target for the first time in more than five years. The country’s CPI surged by a hefty 1% in seasonally adjusted terms, above forecast calling for a rise of 0.8%. The figure marked the largest quarterly gain since the June quarter of 2011.



Technicals

EURNZD



EURNZD has broken out of a downtrend which was retrained by a slopping downward trend line connecting lower highs. The pair looked set to comfortably break a resistance at 1.53400 as the short-term MA20 has penetrated the long-term MA50 from below, suggesting a strong uptrend. Both RSI and ADX indices are edging higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 1.53600 to 1.54100 valid until 21:00 GMT April 20, 2017



EURUSD



EURUSD has breached a resistance at 1.07100 after a period of moving sideways below this level. The pair is likely to surge higher in an attempt to reach another firm resistance at 1.08150 with support from two MAs moving below the price action.

Trade suggestion

Buy Digital Call Option from 1.07750 to 1.08150 valid until 21:00 GMT April 20, 2017



FTSE 100

FTSE 100 index continued to trade lower after having moved sideways on Wednesday. The pair gained in early trade as buyers jumped in to take advantages of a market falling in the oversold zone. However, bullish momentum seemed weak and the index may drop below a support at 7090.00 to test a support at 7050.00.

Trade suggestion

Buy Digital Put Option from 7090.00 to 7050.00 valid until 21:00 GMT April 20, 2017



CAC40


France’s stock benchmark soared high on Thursday, sending its price action past both short-term and long-term MAs, signaling a reversal into an uptrend. The pair is struggling around a resistance at 5055.00 and is expected to edge higher to test a level at 5085.00

Trade suggestion

Buy Digital Call Option from 5055.00 to 5085.00 valid until 21:00 GMT April 20, 2017