Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

American Express Trade Idea by Option Banque

American Express Shares Advance As Earnings And Sales Fall Less Than Expected

Share of American Express Co’s jumped 2.5 percent after the bell on Wednesday as the credit-card company reported first-quarter earnings and sales above analyst expectations.

American Express posted a first-quarter net income of $1.2 billion, or $1.34 a share. This was a decline compared with $1.4 billion, or $1.45 a share, in the year-ago quarter but was still beat market’s forecast for earnings of $1.28 per share.

Sales were also down from a year ago but fell less than expected. The company reported sales dropped 2 percent to $7.9 billion in the first quarter of 2017 from $8.1 billion a year earlier. Economists had expected sales to plunge to $7.7 billion.

Trade suggestion
Buy Digital Call Option from 77.30 to 78.00 valid until 21:00 GMT April 19, 2017

 

[Option_Banque]

GBP/JPY signal by Option Banque
From 139.400
Till 140.000
Buy Option Digital
Direction Call
Expiry GMT 21:00 20/04/2017


GBP/USD signal by Option Banque
From 1.28400
Till 1.29000
Buy Option Digital
Direction Call
Expiry GMT 21:00 20/04/2017

 

[Option_Banque]

Daily Report on April 21, 2017 by Option Banque

Daily Report on April 21, 2017



Asian shares were mostly higher on Friday thanks to positive sentiment from U.S. equities overnight which were boosted by optimism over a U.S. tax overhaul. The MSCI Asia Pacific Index looked set to put an end to a four-week string of declines, rising by 0.7 percent on Friday, contributing to a rise of 0.4 percent for the week. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index jumped more than 0.6 percent each.

Also heading for its first weekly gain in more than a month, Japan’s Topix index rose 1.1 percent, spurred higher by a weak yen. The Japanese Yen weakened after Bank of Japan Governor Haruhiko Kuroda on Friday said the central bank will maintain a very accommodative monetary policy and the current pace of asset purchases for some time as the inflation rate is still quite sluggish.

Hong Kong’s Hang Seng edged 0.2 percent higher while The Shanghai Composite dropped 0.3 percent, extending its worst weekly decline of the year.

Crude prices continued to move sideways on Friday after fluctuating in the previous session as investors were kept on the sidelines amidst tussle between concerns over swelling U.S. production and optimism over comments from some OPEC members stating that an extension to OPEC-led supply cuts was likely.

According to Office for National Statistics, U.K. retail sales fall sharply in March, tumbling by 1.8% month-over-month. This was much higher than market forecast calling for a 0.3% decline.



Technicals

EURNZD



Fig: EURNZD H1 Technical Chart

EURNZD has broken below both the short-term MA20 and the long-term MA50, suggesting a reversal into a downtrend. The downbeat moves have sent the market into a bearish zone, as indicated by RSI index which has move past the 50 line. A support at 1.52100 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.52700 to 1.52100 valid until 21:00 GMT April 21, 2017



EURCAD


Fig: EURCAD H1 Technical Chart

EURCAD has escaped from a period of moving sideways around the long-term MA50 level. The pair fell below this dynamic support and is heading lower towards a support at 1.43500. While RSI is pointing down, ADX index is edging higher, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 1.44000 to 1.43500 valid until 21:00 GMT April 21, 2017



DAX



Fig: DAX 30 H4 Technical Chart

Germany’s DAX 30 index failed to fight the pressure from the short-term MA20. The bear continued to dominate in the market, as indicated by RSI index which has been immersed in the bearish zone. The index is expected to extend the down moves and may fall as low as 11930.00.

Trade suggestion

Buy Digital Put Option from 12010.00 to 11930.00 valid until 21:00 GMT April 21, 2017



EURO 50



Fig: EURO 50 Index H4 Technical Chart

Euro 50 index reversed lower after having failed to hit a resistance at 3450.00. The stock benchmark has also been under pressure exerted by two MAs hanging above the price action. As RSI is heading downwards to the oversold zone, the price is expected to fall further to as low as 3400.00.

Trade suggestion

Buy Digital Put Option from 3420.00 to 3400.00 valid until 21:00 GMT April 21, 2017

 

[Option_Banque]

CAD/JPY signal by Option Banque
From 81.000
Till 80.600
Option Digital
Direction Put
Expiry GMT 21:00 21/04/2017


USD/CAD signal by Option Banque
From 1.35000
Till 1.35400
Buy Option Digital
Direction Call
Expiry GMT 21:00 21/04/2017

 

[Option_Banque]

Daily Report on April 24, 2017 by Option Banque

Daily Report on April 24, 2017



Like other safe-haven assets, gold futures prices lost ground on Monday as stock markets were broadly spurred strongly following French first-round presidential election. European jumped with the Stoxx Europe 600 Index climbing the most since October. The stock benchmark added 1.7 percent to the highest since December 2015. Other stock indices surged high. France’s CAC 40 soared 3.9 percent, Germany’s DAX climbed 2.6 percent and the U.K.’s FTSE 100 increased 1.7 percent.

The euro jumped sharply to a five-month high versus its American counterpart on Monday. The single currency shortly jumped above 1.09000 – the highest level since November 11th, 2016 before retreating to trade as high as 1.08600 against the dollar, still rising nearly 1.25 percent compared to the open price.

The rally came after after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, easing concerns that only anti-European Union candidates would be in the final runoff on May 7.

According to results from the Interior Ministry based on 97.4 percent of votes counted which were released early Monday, Macron led with 23.8 percent in Sunday’s election, followed by National Front leader Le Pen who had 21.5 percent. A poll on Sunday suggested Macron would defeat Le Pen by more than 20 percentage points in the second round.



Technicals

AUDJPY



Fig: AUDJPY H4 Technical Chart

The pair gapped up in early trade but retreated as its sharp up move sent the market into an overbought zone. The pair has reversed higher to extend its rally with the short-term MA20 penetrated the long-term MA50 from below, suggesting a reversal into an uptrend. Rising RSI and ADX indices signal further advances.

Trade suggestion

Buy Digital Call Option from 83.500 to 84.000 valid until 21:00 GMT April 24, 2017



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD fell below a support at 1.34550 after having penetrated the short-term MA20 from below. Recent down moves have brought the market into a bearish territory, as indicated by the RSI index. A support at 1.34000 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.34400 to 1.34000 valid until 21:00 GMT April 24, 2017



SP500



Fig: SP500 index H4 Technical Chart

The Sp500 index broke out of a trading range which trapped the price between a support of 2335.00 and a resistance at 2370.00. While RSI is pointing upwards, the +DI line has crossed over the –DI line from below, indicating a strong bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 2377.00 to 2390.00 valid until 21:00 GMT April 24, 2017



Dow Jones



Fig: Dow Jones H4 Technical Chart

U.S. Dow Jones index gapped up on Monday, breaking out of a downward trading range. Last week, the index was depressed by a couple of MAs which restrained bullish momentum and impeded the price from advancing. With today’s strongly upbeat move, the index is expected to test a resistance at 20850.00.

Trade suggestion

Buy Digital Call Option from 20750.00 to 20850.00 valid until 21:00 GMT April 24, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Tumbles After Centrist Emmanuel Macron Wins French First-Round Presidential Election

Like other safe-haven assets, gold futures prices lost ground on Monday as stock markets were broadly spurred strongly following French first-round presidential election.

The precious metal plunged by around 1.3 percent to as low as $1,272.00 an ounce after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, easing concerns that only anti-European Union candidates would be in the final runoff on May 7.

According to results from the Interior Ministry based on 97.4 percent of votes counted which were released early Monday, Macron led with 23.8 percent in Sunday’s election, followed by National Front leader Le Pen who had 21.5 percent. A poll on Sunday suggested Macron would defeat Le Pen by more than 20 percentage points in the second round.

Trade suggestion
Buy Digital Put Option from 1270.00 to 1265.00 valid until 21:00 GMT April 24, 2017

 

[Option_Banque]

Trade signals by Option Banque

EUR/NZD signal by Option Banque
From 1.54500
Till 1.55000
Buy Option Digital
Direction Call
Expiry GMT 21:00 24/04/2017


AUD/CAD signal by Option Banque
From 1.02200
Till 1.02500
Buy Option Digital
Direction Call
Expiry GMT 21:00 24/04/2017

 

[Option_Banque]

Daily Report on April 25, 2017 by Option Banque

Daily Report on April 25, 2017



Asian stock markets edged higher on Tuesday, as investors continued to tolerate risk appetite with a centrist victory in the first round of the French presidential election lifting several regional markets to multi-year highs. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent, reaching its highest level in more than three weeks and marking four straight days of gains.

Japanese equities rose for a fourth straight session, rising 0.9 percent after jumping 1 percent Monday. The Shanghai Composite reversed higher, advancing 0.2 percent after tumbling 1.4 percent on Monday. Taiwan’s Taiex and Singapore’s Straits Times Index also increased. Australia and New Zealand are closed Tuesday for Anzac Day.

Safe-haven assets, including the yen and gold remained under pressure. While the Japanese yen continued to drop 0.4 percent to 110.19 after losing 0.6 percent in the previous session, gold lost 0.3 percent to $1,272.82 after slipping 0.6 percent on Monday.

Canadian dollar dropped to four-month low against the dollar after U.S. President Donald Trump on Monday announced new duties averaging 20 percent on Canadian softwood lumber imports. Canadian government vowed to sue if needed.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY has been surging on a strong bullish momentum after the price action revered higher from a support at 119.100. The market has entered the overbought zone, as indicated by RSI index. However, the pair is expected to test a major resistance at 23.6% Fibonacci level.

Trade suggestion

Buy Digital Call Option from 120.200 to 120.600 valid until 21:00 GMT April 25, 2017



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD has been retesting the highest level since early January 2017 at 1.44350 recorded on Monday. The pair is likely to move past this level and hit a major resistance at 1.45000, given rising RSI and ADX index, not to mention a widening gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 1.44400 to 1.45000 valid until 21:00 GMT April 25, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been moving sideways to lower under pressure of two MAs that are moving above the price action. Although ADX is at low levels, indicating that there is no clear in the market, RSI is at oversold market, suggesting a strong bearish momentum.

Trade suggestion

Buy Digital Put Option from 51.65 to 51.00 valid until 21:00 GMT April 25, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver has been pushed down by the short-term MA20. The metal failed to break out of this dynamic resistance and is heading downwards towards a support at 17.720. RSI is pointing to the oversold zone, signaling further downbeat moves.

Trade suggestion

Buy Digital Put Option from 17.830 to 17.720 valid until 21:00 GMT April 25, 2017

 

[Option_Banque]

SP500 Trade Idea by Option Banque

U.S. Shares Rally, Sp500 To Hit 2,400.00 Milestone Amidst Upbeat Earnings And U.S. Tax Reform Speculation

U.S. shares rallied on Tuesday with all stock benchmark indexes, as investors’ optimism was spurred by speculation about U.S. tax reform and upbeat earnings of U.S. corporations and better-than-expected economic data.

The S&P 500 added about 0.6%, to 2,387, with 8 of the main 11 sectors trading higher. While materials and financials were leading gains, up more than 1% each, telecommunication services and utilities led losses.

Reporting earnings results on Tuesday, construction machinery maker Caterpillar Inc., DuPont and fast-food giant McDonald’s Corp. posted figures that all topped analyst forecasts.

Meanwhile, new home sales surged dramatically to an eight-month high last month as demand remains hot. According to the Commerce Department, new home sales jumped 5.8 percent to a seasonally adjusted annual rate of 621,000 units last month, the highest level since July 2016.

Trade suggestion
Buy Digital Call Option from 2390.00 to 2400.00 valid until 21:00 GMT April 26, 2017

 

[Option_Banque]

Trade signals by Option Banque

GBP/NZD signal by Option Banque
From 1.82900
Till 1.83500
Buy Option Digital
Direction Call
Expiry GMT 21:00 25/04/2017


EUR/CAD signal by Option Banque
From 1.48800
Till 1.49200
Buy Option Digital
Direction Call
Expiry GMT 21:00 25/04/2017

 

[Option_Banque]

Daily Report on April 26, 2017 by Option Banque

Daily Report on April 26, 2017



Japanese Yen continued to lose ground versus its American counterpart on Wednesday, slipping more than 0.1 percent after having dropped 1.2 percent on Tuesday. The pair USDJPY hit an intra-day high of 111.500 - the highest since April 10th. Pushed higher by a weak currency, Japan’s Topix index rose 1 percent, advancing for a fifth straight day for the longest winning streak this year.

In general, Asian shares extended a global rally after U.S. stocks ended higher following upbeat corporate results and amidst hopes that U.S. tax reform boosted optimism for global growth. Weakness in the yen lifted Japanese equities for a fifth day.

The MSCI Asia Pacific Index soared to the highest level since mid-2015 with Hong Kong’s Hang Seng and Singapore’s Straits Times Index rising 0.6 percent and 0.4 percent, respectively. Meanwhile, Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index increased after reopening after a holiday on Tuesday. South Korea’s Kospi index climbed 0.4 percent and the Shanghai Composite Index added 0.4 percent after climbing 0.2 percent on Tuesday.

Crude prices resumed their downward trend on Wednesday after the American Petroleum Institute (API) on Tuesday said that U.S. crude oil inventories rose by 897,000 barrels in the week to April 21 to 532.5 million barrels. Official data from the Energy Information Administration will be released later on the day which is expected to show a decrease of 1.1M barrels.



Technicals

USDJPY



Fig: USDJPY H4 Technical Chart

USDJPY rebounded after having failed to break below a support at 50.0% Fibonacci retracement. The pair retreated from a resistance at 111.500 after continuously up moves sent the market into an overbought zone. Both RSI and ADX are rising, suggesting a strong bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 111.500 to 112.000 valid until 21:00 GMT April 26, 2017



EURAUD


Fig: EURAUD H4 Technical Chart

EURAUD has been trading higher since it left a gap earlier this week. Although the market has entered an overbought zone, the pair is most likely to test a resistance at 38.2% Fibonacci retracement as the bull is still dominating in the market, as indicated by advancing RSI and ADX indices.

Trade suggestion

Buy Digital Call Option from 1.45700 to 1.46900 valid until 21:00 GMT April 26, 2017



BRENT



Fig: BRENT H4 Technical Chart

As can be seen from the price chart, Brent crude has been under downward pressure from two MAs, especially from the short-term MA20. The commodity is expect to trade lower to fall as low as 23.6% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 51.55 to 50.95 valid until 21:00 GMT April 26, 2017



SUGAR



Fig: Sugar H4 Technical Chart

Sugar has been moving sideways to lower around a support at 16.10. The commodity has also been under downward pressure from two MAs and is anticipated to inch lower to test a major support at 61.8% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 16.00 to 15.45 valid until 21:00 GMT April 26, 2017

 

[Option_Banque]

Procter & Gamble Trade Idea by Option Banque

Shares Of Procter & Gamble Co Lose Ground As Earnings Miss Forecast

Shares of Procter & Gamble Co. lost more than 0.7 percent in premarket trading on Wednesday after the consumer goods corporation reported third-quarter sales that missed expectations.

The maker of Tide detergent and Pampers diapers posted net income of $2.52 billion, or 93 cents per share. This was lower compared to net income of $2.75 billion, or 97 cents per share, for the same period last year. Adjusting for one-time items, earnings came in at 96 cents, beating market’s expectations calling for earnings of 94 cents.

However, sales also witness a decline, edging down to $15.61 billion from $15.76 billion last year. The figure was also below the $15.73 billion expected by economists. The consumer products company maintained its fiscal 2017 adjusted EPS guidance under market’s forecast.

Trade suggestion
Buy Digital Put Option from 89.00 to 88.00 valid until 21:00 GMT April 26, 2017

 

[Option_Banque]

Daily Report on April 27, 2017 by Option Banque

Daily Report on April 27, 2017



European shares reversed lower on Thursday after having risen for seven sessions in a row, depressed by losses in Deutsche Bank AG’s stocks while investors were nervously waiting for a policy update from the European Central Bank which will be released later on the day. The Stoxx Europe 600 dropped more than 0.5 percent to trade as low as 385.00. The index rose 0.5% to close at the highest level since August 2015 on Wednesday.

Dollar lost ground versus most of its peers, especially against the Mexican peso and Canadian dollar, sliding after U.S. President Donald Trump on Wednesday ruled out a withdrawal from the North American Free Trade Agreement. According to the White House, Trump spoke by telephone with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau on Wednesday, saying that he would hold back from a speedy termination of NAFTA.

The Bank of Japan on Thursday kept its stimulus policies unchanged but lowered its inflation forecast. In its quarterly outlook report, the BOJ cut its inflation projection for the fiscal year that started this month to 1.4 percent from 1.5 percent, underlining that any exit from its unprecedented monetary easing remains far away.

Crude prices extended their down moves to a second session as weekly data showed U.S. refined oil production rose faster than the consumption’s pace. The U.S. Energy Information Administration on Wednesday reported that domestic crude supplies fell 3.6 million barrels for the week ended April 21. However, U.S. crude oil production has risen by 10 percent since mid-2016 to 9.27 million bpd.



Technicals

GBPUSD


Fig: GBPUSD H1 Technical Chart

GBPUSD has been attempting to break above a major resistance at 1.29000. The pair retreated at this level due to the fact that the market had entered the overbought market but reversed higher with support from two MAs. Both RSI and ADX are rising, signaling further advances.

Trade suggestion

Buy Digital Call Option from 1.29000 to 1.29400 valid until 21:00 GMT April 27, 2017



EURGBP



Fig: EURGBP H4 Technical Chart

EURGBP has fallen below a support at 0.84500 and is aiming to cross over the long-term MA50 from below. Recent down moves have brought the market into a bearish zone, as indicated by the RSI index. A support at 38.2% Fibonacci level is within the sight.

Trade suggestion

Buy Digital Put Option from 0.84400 to 0.84000 valid until 21:00 GMT April 27, 2017



SILVER



Fig: SILVER H1 Technical Chart

Silver has been struggling around the 50.0% Fibonacci retracement. The precious metal is expected to fall lower with the market has been dominated by sellers. The price may drop to as low as a support at 17.300, depressed by two MAs hanging above the price action.

Trade suggestion

Buy Digital Put Option from 17.400 to 17.300 valid until 21:00 GMT April 27, 2017



FTSE100



Fig: FTSE 100 H1 Technical Chart

FTSE 100 index has broken below both a support at 7260.00 and a couple of MAs, signaling a reversal into a downtrend. While RSI is pointing down, ADX is rising, suggesting a strong bearish momentum in the market which can send the index to as low as 7190.00.

Trade suggestion

Buy Digital Put Option from 7240.00 to 7190.00 valid until 21:00 GMT April 27, 2017

 

[Option_Banque]

Deutsche Bank Trade Idea by Option Banque

Shares Of Deutsche Bank Edge Lower After First-Quarter Earnings Results

Shares of Deutsche Bank AG declined in European trading hours on Thursday even though the company reported a solid rise in net profit in the first quarter
The German lender posted net income of 575 million euros ($627 million) in the quarter, increasing more than twofold compared with EUR236 million for the same period last year. This is its results since Deutsche Bank completed an $8.5 billion capital increase earlier this month in conjunction with strategic changes announced in March.

However, revenue only reached 7.3 billion euros, declining 9% from last year’s reading. While revenue from trading bonds and currencies, Deutsche Bank’s largest source of income rose only 11%, less than half the 24 percent increase reported by the five biggest U.S. investment banks, revenue from dealing in stocks slumped 10%, well below that at the U.S. lenders.

Trade suggestion
Buy Digital Put Option from 16.80 to 16.00 valid until 21:00 GMT April 27, 2017

 

[Option_Banque]

GBP/CHF signal by Option Banque

From 1.27900
Till 1.28400
Buy Option Digital
Direction Call
Expiry GMT 21:00 27/04/2017

 

[Option_Banque]

Daily Report on April 28, 2017 by Option Banque

Daily Report on April 28, 2017



Global stock market retreated on Friday after having edged higher for six sessions in a row. The bullish momentum lost its stream amidst intensifying geopolitical concerns and caution ahead of a report on growth in the world’s largest economy. The MSCI Asia Pacific Index fell 0.3 percent, paring its weekly gain to 1.4 percent. The index looked set to mark for a fourth monthly gain.

Japan’s Topix fell 0.3 percent on Friday but was still poised for a gain of 2.9 percent for the week, the best performance this year. While South Korea’s Kospi slipped 0.2 percent from the highest level since 2011, the Hang Seng Index in Hong Kong dropped 0.4 percent. By contrast, the Shanghai Composite Index added 0.1 percent. The Stoxx Europe 600 Index slipped 0.1 percent, moving far away from the level not seen since August 2015 logged on Wednesday.

According to the U.K.'s Office for National Statistics, the country’s economy expanded at a quarterly rate of 0.3% in the first quarter of 2017. The figure was lower than both 0.7% expansion recorded in the final three months of last year and economists’ expectation calling for a rise of 0.4%. Last quarter’s reading was the weakest quarterly expansion since the first quarter of 2016. On a yearly basis, growth slowed to 1.2% from 2.7%, the ONS said.

Reported by the INSEE, French gross domestic product’s expansion slowed to 0.3% quarter-on-quarter in the three months through March after growing 0.5% at the end of 2016. Analysts had expected the economy expanded at the rate of 0.4%. U.S. GDP is due later on Friday. The result is projected to show the economy expanded at a 1 percent annualized rate in the first quarter, the weakest pace in a year.



Technicals

AUDJPY



Fig: AUDJPY H4 Technical Chart

AUDJPY reversed higher after a hit with a support at 82.900. The price action is struggling to cross over the short-term MA20 from below. The RSI is surging to as high as 57.08, suggesting further advances. The pair is expected to test a resistance at 38.2% Fibonacci retracement.

Trade suggestion

Buy Stop at 83.400, Take profit at 83.900, Stop loss at 83.200



EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY has been support by the short-term MA20 which has forced the price action to reverse higher. The pair extended its up moves and is testing its highest levels since mid-March. There is still room for further advances as the RSI has not reached the overbought yet. A resistance at 122.500 is within the sight.

Trade suggestion

Buy Stop at 121.900, Take profit at 122.500, Stop loss at 121.600



USDCAD


Fig: USDCAD H4 Technical Chart

As can be seen from the price chart, USDCAD has been supported by two MAs hanging below the price action and looked set to retest a major resistance at 1.37000. Both RSI and ADX indices are soaring, suggesting that the pair may edge higher.

Trade suggestion

Buy Stop at 1.36500, Take profit at 1.37000, Stop loss at 1.36250



SP500



Fig: Sp500 H4 Technical Chart

U.S. Sp500 index has been struggling at a resistance at 2390.00 since Tuesday, causing the ADX index to fall lower as no clear trend was formed in the market. However, as can be seen from RSI index which has been held high, the bull is still dominating the market and might support for the price to inch higher.

Trade suggestion

Buy Stop at 2390.00, Take profit at 2400.00, Stop loss at 2385.00

 

[Option_Banque]

Alphabet Trade Idea by Option Banque

Shares Of Alphabet Soar 4% After First-Quarter Earnings Report

Shares of Google parent Alphabet Inc jumped by more than 4 percent in after-hours trading on Thursday after the company posted a surge in profit and revenue which were boosted by growth in its core advertising business.

Alphabet reported net income rose 29 percent to hit $5.43 billion, or $7.73 per share, up from $4.2 billion, or $6.02 per share, in the year-earlier period. The result was well above economists’ expectation for earnings per share of $7.38.

Revenue was reported to reach $24.7 billion in the first three-month period to March, up from $20.2 billion in the year-earlier period and above market forecast of $19.7 billion. Particularly, Google advertising revenues contributed $21.4 billion.

Trade suggestion
Buy Digital Call Option from 929.00 to 935.00 valid until 21:00 GMT April 28, 2017

 

[Option_Banque]

GBP/JPY signal by Option Banque

From 143.900
Till 144.500

Buy Option Digital
Direction Call
Expiry GMT 21:00 28/04/2017

 

[Option_Banque]

Daily Report on May 02, 2017 by Option Banque

Daily Report on May 02, 2017



Asian shares climbed on Tuesday following a reopening after holidays. The MSCI Asia Pacific Index returned to the highest level since June 2015, adding 0.5 percent with gains led by South Korea’s Kospi index which advanced 0.8 percent. The index hit an intra-day high that passed its all-time closing high reached on May 2, 2011. While the Hang Seng rose 0.3 percent, the Shanghai Composite Index lost stream after four straight days of gains, declining 0.2 percent.

A weak Japanese Yen boosted the Topix index higher. The Japanese stock benchmark added 0.7 percent, advancing for a second day to the highest since March. Tokyo markets will be closed for holidays in observance of Constitution Day over the next three days.

The Australian dollar extended an advance versus its American counterpart on Tuesday after the Reserve Bank of Australia’s decision on policy. Australia's central bank left its cash rate at 1.5 percent on Tuesday. The result came amidst optimism over faster domestic inflation and an upswing in global growth.

Markit on Tuesday reported China's factory sector lost momentum in April as domestic and export demand faltered. The Caixin/Markit Manufacturing Purchasing Managers' index (PMI) fell to 50.3 in April from March's 51.2. The reading was far below economist forecasts' of 51.0 and marked the slowest pace since September 2016.

According to the U.S. Bureau of Economic Analysis, U.S. consumer spending was unchanged in March for a second straight month. Due to the weak domestic demand in the first quarter, the result was below analysts’ forecast calling for a 0.2 percent advance and directly sent the overall monthly inflation rate to a negative territory for the first time in a year.

The core PCE index fell 0.1% in March compared with the previous month, in line with expectations. On a yearly basis, the rate declined to 1.6% from 1.8%. US manufacturing was also reported to grow slower than forecast in April. As stated by the Institute for Supply Management, the Institute for Supply Management slid to 54.8 from 57.2, missing expectation for a reading of 56.5 due to less hiring and a slower pace of incoming orders.



Technicals

USDJPY



Fig: USDJPY H1 Technical Chart

USDJPY has been moving sideways to higher after breaching a resistance at 112.000 and is likely to extend its rally as the ADX index is showing a strong bullish momentum in the market. RSI has entered the overbought zone so a reversal is expected afterwards.

Trade suggestion

Buy Digital Call Option from 112.200 to 112.600 valid until 21:00 GMT May 02, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been tracing an uptrend since it broke out of a sideway period. The commodity is heading towards a resistance at 52.80 with +DI line crossing over the –DI line from below, signaling further advances. Rising ADX and RSI confirms the signal.

Trade suggestion

Buy Digital Call Option from 52.00 to 52.80 valid until 21:00 GMT May 02, 2017



SUGAR



Fig: Sugar H4 Technical Chart

As can be seen from the price chart, the sugar price has been depressed by a couple of MAs. The commodity is struggling to cross over a long-term MA50 currently and looked set to move past this dynamic resistance as the market has entered the bullish zone. Both RSI and ADX indices are rising, coupled with a widening gap between +DI and –DI lines, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 16.40 to 17.10 valid until 21:00 GMT May 02, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold price has fallen into a period of moving sideways after dropping to the lowest level since April 11th. The precious metal may inch lower to test a support at 38.2% Fibonacci level as the market has been dominated by a strong bearish momentum, not to mention downward pressure from two MAs hanging above the price action.

Trade suggestion

Buy Digital Put Option from 1255.00 to 1250.00 valid until 21:00 GMT May 02, 2017

 

[Option_Banque]

Mastercard Trade Idea by Option Banque

Mastercard’s Shares Jump As First-Quarter Revenue And Earnings Beat Forecast

Shares of Mastercard Inc. rose 2% on Tuesday after the multinational financial services corporation reported first-quarter earnings results that topped market’s expectations.

The credit card company posted net income of $1.1 billion, of $1 per share, up from $1 billion, or 86 cents per share, in the year-earlier period. Adjusted for one-time items, EPS reached $1.01, above the market’s forecast of 95 cents.

Revenue was reported to hit $2.7 billion, up from $2.4 billion and in line with expectation. The rally came as a result of a rise in the dollar amount of transactions processed over Mastercard’s network. Gross dollar volume passing over the network worldwide jumped 5% to $1.18 trillion from a year prior.

Trade suggestion
Buy Digital Call Option from 119.00 to 119.50 valid until 21:00 GMT May 02, 2017