Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

AUDUSD Trade Idea by Option Banque

The Aussie Extends Its Rally Against The Greenback After The RBA Holds Rate

The Australian dollar extended an advance versus its American counterpart on Tuesday after the Reserve Bank of Australia’s decision on policy.

The pair AUDUSD rose another 0.35 percent after having increased for two days in a row. The pair has been boosted partly by a weak greenback as U.S. economic data released on Monday missed market’s expectation.

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.

On the other hand, 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.

Trade suggestion
Buy Digital Call Option from 0.75500 to 0.76000 valid until 21:00 GMT May 02, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

From 122.100
Till 122.600

Buy Option Digital
Direction Call
Expiry GMT 21:00 02/05/2017

 

[Option_Banque]

Daily Report on May 03, 2017 by Option Banque

Daily Report on May 03, 2017



Asian shares were mixed on Wednesday as investors were cautious after a poor earnings report of Apple Inc. and ahead of the Federal Reserve’s policy review and Friday’s jobs report. MSCI's broadest index of Asia-Pacific shares outside Japan edged lower from a near-two-year high hit on Tuesday. While stocks in Singapore, Malaysia and Thailand were all higher, Chinese shares retreated almost 0.3 percent.

Taiwan’s Taiex gained 0.2 percent with Hon Hai Precision Industry Co., the company that makes Apple’s iPhones, reversing higher and shrugging off its customer’s report on weaker sales. Markets are nervously waiting for rate announcement from the Federal Reserve that concludes its two-day meeting later on Wednesday.

According to Statistics New Zealand, the country’s unemployment rate fell to 4.9 percent in the three months through March 31 from 5.2 percent in the December quarter. The reading was not only better than the 5.1 percent economists had penciled in but also marked the lowest level since the September quarter of last year. Employment was reported to grow 1.2 percent on a quarterly basis in first three months of the year while wage growth was steady at 0.4 per cent.

Crude futures prices were struggling for direction on Wednesday as U.S. crude stocks fell last week. As stated by the American Petroleum Institute (API), U.S. crude inventories fell by 4.2 million barrels to 528.3 million barrels in the week ended April 28. The decrease was larger than expected. Analysts had forecast a drop of 2.3 million barrels last week. The U.S. government will release its Energy Information Administration (EIA) inventory data later on the day.



Technicals

EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD has been supported by two MAs moving below the price action. The pair failed to break below the long-term MA50 and has crossed over the short-term MA20, looking set to march higher. EURAUD may surge as high as 1.46400 – the level recorded last Friday.

Trade suggestion

Buy Digital Call Option from 1.45600 to 1.46400 valid until 21:00 GMT May 03, 2017



AUDNZD


Fig: AUDNZD H4 Technical Chart

AUDNZD has been tracing a steep down move which sent the pair from as high as 1.09300 to as low as 1.08000 – the lowest level since April 25th. The price action has also broken below both long-term and short-term MA, suggesting a strong downtrend. A support at 38.2% Fibonacci level is within the sight.

Trade suggestion

Buy Digital Put Option from 1.08000 to 1.07600 valid until 21:00 GMT May 03, 2017



Natural Gas



Fig: Natural gas H4 Technical Chart

Natural Gas continued to drop lower after a short consolidation following a sharp down move. The market has entered the bearish zone, as indicate by RSI index which fell to as low as 39.59. With downward pressure from two MAs hanging above the price action, the commodity is expected to test a support at 3.130.

Trade suggestion

Buy Digital Put Option from 3.170 to 3.130 valid until 21:00 GMT May 03, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been pressurized by two MAs that are lingering above the price action. RSI remains in the bearish zone, indicating that the market has been dominated by sellers. The commodity is expected to inch lower to retest a low at 50.10.

Trade suggestion

Buy Digital Put Option from 50.80 to 50.10 valid until 21:00 GMT May 03, 2017

 

[Option_Banque]

Apple Trade Idea by Option Banque

Apple Shares Dip Nearly 2% After Worse-Than-Expected First-Quarter Revenue

Shares of Apple Inc. lost 1.84% in after-hours trading on Tuesday after the company released its latest earnings report that showed earnings per share surpassed forecast but revenue missed expectation.

Apple posted earnings of $2.10 per share in the three-month period to March, up from earnings of $2.10 per share recorded one year ago. Analysts had been expecting earnings of $2.02 per share. However, revenue only reached $52.9 billion, falling shy of expectation calling for $53 billion in sales.

Apple reported that 50.8 million iPhones were sold in the March quarter, which was well below the consensus of 52 million and fell short of 51 million iPhones the company shipped in the year-ago quarter.

While sales in the Americas jumped to $21.2 billion from $19.1 billion in the year-ago quarter, sales in China extended their downward march, falling to $10.7 billion from $12.5 billion in last year’s March quarter.

Trade suggestion
Buy Digital Put Option from 144.80 to 144.00 valid until 21:00 GMT May 03, 2017

 

[Option_Banque]

USD/CHF signal by Option Banque

From 0.99000
Till 0.98600

Sell Option Digital
Direction Put
Expiry GMT 21:00 03/05/2017

 

[Option_Banque]

EUR/NZD signal by Option Banque

EUR/NZD signal by Option Banque

From 1.58000
Till 1.59000

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

 

[Option_Banque]

Daily Report on May 04, 2017 by Option Banque

Daily Report on May 04, 2017



European shares advanced on Thursday, boosted higher by upbeat earnings results while Australian and Chinese stocks fell as metals prices declined. Indeed, the Euro Stoxx 50 index gained for a third day, rising 0.2 percent after first-quarter earnings from companies including HSBC Holdings Plc and Royal Dutch Shell Plc beat estimates. In Asian trading hours, Australia’s S&P/ASX 200 Index lost 0.3 percent whereas Hang Seng Index fell 0.3 percent.

At the end of its two-day meeting on Wednesday, the Federal Reserve kept its benchmark interest rate unchanged as expected. However, the central bank emphasized the strength of the labor market instead of reiterating weak first-quarter economic growth, signaling that it might still on track for two more rate increases this year. According to the CME Group's FedWatch Tool, Futures traders are now pricing in a 72 percent chance of a June rate hike, up from 63 percent before the Fed's statement.

As stated by a report from Markit, growth in China's services sector cooled on April. China’s Caixin/Markit services purchasing managers' index (PMI) fell to 51.5 last month from March's 52.2. The index extended its downward rally to a fourth month in a row and marked its weakest growth pace since May 2016.

Crude oil futures remained weak on Thursday after weekly data showed a smaller than expected decline in U.S. inventories. According to the Energy Information Administration, U.S. crude stockpiles fell by 930,000 barrels in the week to April 28. This was much less than analysts' expectations for a decrease of 2.3 million barrels.



Technicals

GBPUSD



Fig: GBPUSD H4 Technical Chart

GBPUSD reversed higher from the lowest level since April 26th. The pair is facing a resistance at 1.29000 after sending the market into a bullish zone, as indicated by RSI index that has moved past the 50 line. A major resistance at 38.2% Fibonacci is within the sight.

Trade suggestion

Buy Digital Call Option from 1.29000 to 1.29400 valid until 21:00 GMT May 04, 2017



EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY has been chasing an uptrend since it reversed higher from a support at 23.6% Fibonacci level. The pair extended its up moves to a fifth session in a row, attempting to test another Fibonacci retracement at 0.0%. Both RSI and ADX are soaring, suggesting a strong uptrend.

Trade suggestion

Buy Digital Call Option from 123.400 to 124.000 valid until 21:00 GMT May 04, 2017



NZDJPY



Fig: NZDJPY H4 Technical Chart

As can be easily seen from the price chart, the pair NZDJPY has been supported by the short-term MA20. The price rebounded after hitting this dynamic support and is likely to march higher to reach a resistance at 78.000 with the market remaining in the bullish zone.

Trade suggestion

Buy Digital Call Option from 77.600 to 78.000 valid until 21:00 GMT May 04, 2017



Dow Jones



Fig: Dow Jones H4 Technical Chart

Dow Jones’ price action has crossed over the short-term MA20, extending its upward rally after a period of moving sideways to lower. As indicated by RSI index which has surged to as high as 62.88, the market remains in the bullish zone, signaling further advances.

Trade suggestion

Buy Digital Call Option from 21000.00 to 21050.00 valid until 21:00 GMT May 04, 2017

 

[Option_Banque]

Facebook Trade Idea by Option Banque

Facebook Shares Plunge Even Though Earnings And Revenue Smash Estimates

Shares of Facebook Inc declined by 2.5 percent in after-hours trading on Thursday after the company said its revenue might slump later this year after it stops increasing the frequency of marketing spots in the news feed in an attempt to avoid driving away users.

The announcement hit investors hard and caused Facebook’s shares to reverse lower, paring gains added after the California-based company revealed its earnings and revenue that smashed estimates.

Revenue for the three-month period to March 31st was reported to rise 49.3% to $8.03 billion, up from $5.38 billion in the same period last year. The result beat first-quarter revenue expectations calling for $7.83 billion. Net income reached $3.06 billion, or $1.04 per share, up from $1.74 billion, or 60 cents per share.

The number of monthly active users jumped 17 percent to 1.94 billion while the number of daily active users climbed 18% to 1.28 billion. Analysts had expected the former to hit 1.91 billion and the latter to reach 1.256 billion.

Trade suggestion
Buy Digital Put Option from 148.00 to 147.00 valid until 21:00 GMT May 04, 2017

 

[Option_Banque]

Trade signals by Option Banque

EUR/AUD signal by Option Banque
From 1.46900
Till 1.47500
Buy Option Digital
Direction Call
Expiry GMT 21:00 04/05/2017

AUD/JPY signal by Option Banque
From 83.200
Till 82.800
Option Digital
Direction Put
Expiry GMT 21:00 04/05/2017

 

[Option_Banque]

Daily Report on May 05, 2017 by Option Banque

Daily Report on May 05, 2017



Asian shares edged lower for a third consecutive day on Friday, weighed down by fresh falls in commodities. Chinese led losses in Asian shares while Japan and South Korea were closed for a holiday on Friday. The Shanghai Composite Index extended its downward rally, in line for a fourth weekly decline due to tighter financial regulations that weighed on banking shares.

MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.8 percent on Friday to trade at its lowest level since April 25. As investors flocked into safe-haven assets, the Japanese Yen rose nearly 0.3 percent to dollar after rising 0.3 percent Thursday. A sharp slide in crude prices depressed energy companies’ stocks, boosting yen jump higher against most of its peers, including the greenback.

The U.S. government will publish the Non-farm Payrolls later on the day with economists expecting the world’s largest economy may have added 190,000 jobs last month. Fed Chair Janet Yellen and her deputy Stanley Fischer are also due to speak on Friday.

Crude oil futures prices fell further on Friday, losing 2 percent after tumbling in the previous session. Steep down moves sent the price to a five-month low. While OPEC and other producers seemed to rule out deeper supply cuts, U.S. oil production continued to march higher. U.S shale oil producers have boosted their production by over 10 percent to 9.3 million bpd since mid-2016.



Technicals

AUDNZD



Fig: AUDNZD H4 Technical Chart

After reversing lower from a resistance at 1.08000, the pair AUDNZD has broken below a support at 50.0% Fibonacci retracement. While RSI is heading downwards, ADX is soaring, suggesting a strong downtrend in the market. The pair is expected to test a firm support at 1.06800.

Trade suggestion

Buy Digital Put Option from 1.07200 to 1.07200 valid until 21:00 GMT May 05, 2017



NZDJPY



Fig: NZDJPY H1 Technical Chart

NZDJPY rebounded from a strong support at 77.000 and brought its price action above a short-term MA20. The pair is facing a dynamic resistance which is the long-term MA50. In the event of extended up move, the pair is likely to attempt a resistance at 78.000.

Trade suggestion

Buy Digital Call Option from 77.500 to 78.000 valid until 21:00 GMT May 05, 2017



SUGAR


Fig: Sugar H1 Technical Chart

Sugar has been moving sideways under 61.8% Fibonacci level after having fallen below this handle yesterday. An unclear trend in the market sent the ADX index lower but RSI remains in the bearish zone and continues to point downward, suggesting potentially further declines.

Trade suggestion

Buy Digital Put Option from 15.30 to 15.00 valid until 21:00 GMT May 05, 2017



FTSE 100



Fig: FTSE 100 H4 Technical Chart

FTSE 100 has been moving sideways around a couple of MAs and trapped in a narrow trading range. The RSI index has moved past the 50 line while ADX index is soaring with a widening gap between +DI and –DI lines, indicating a surging bullish momentum.

Trade suggestion

Buy Digital Call Option from 7260.00 to 7300.00 valid until 21:00 GMT May 05, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Under Pressure, Looking Set For The Largest Weekly Percentage Loss In Six Months

Gold futures prices struggled for direction on Friday, on track for the largest weekly loss of the year so far. The precious metal has been pressured by a report showing a slowdown in demand for gold released on Thursday and hawkish comments from the Federal Reserve.

Gold futures for June delivery looked set to close the week more than 3 percent lower, the largest weekly percentage loss since the week ended November 11th.

The World Gold Council on Thursday reported that global central bank demand for the precious metal plunged by 27% in the first quarter compared to the same time a year ago. On a yearly basis, global gold investment demand also lost 34% for the quarter.

The U.S. central bank kept its rate unchanged on Wednesday, emphasizing the strength of the labor market. That signaled the Fed might still on track for two more rate increases this year. Following the Federal Reserve’s confidence in the U.S. economy, April’s jobs report was seen to strengthen the possibility of the central bank to hike rates.

Non-farm payrolls showed 211,000 people found new jobs in April, which sent the unemployment rate down to 4.4% from 4.5% recorded in the previous month.

Trade suggestion
Buy Digital Put Option from 1226.00 to 1220.00 valid until 21:00 GMT May 05, 2017

 

[Option_Banque]

Stock Markets Remain Weak, Yen Gains Ground Further Versus Dollar

Stock Markets Remain Weak, Yen Gains Ground Further Versus Dollar

The Japanese Yen rose nearly 0.3 percent to dollar on Friday after rising 0.3 percent Thursday as investors flocked into safe-haven assets amidst weakness across most Asian stock markets.

Chinese led losses in Asian shares with Japan and South Korea closed for a holiday on Friday. The Shanghai Composite Index extended its downward rally, in line for a fourth weekly decline due to tighter financial regulations that weighed on banking shares. Additionally, a sharp slide in crude prices depressed energy companies’ stocks, boosting yen jump higher against most of its peers, including the greenback.

The U.S. government will publish the Non-farm Payrolls later on the day with economists expecting the world’s largest economy may have added 190,000 jobs last month. Fed Chair Janet Yellen and her deputy Stanley Fischer are also due to speak on Friday.

Trade suggestion
Buy Digital Put Option from 112.100 to 111.700 valid until 21:00 GMT May 05, 2017

 

[Option_Banque]

USD/CHF signal by Option Banque

From 0.98600
Till 0.98300

Option Digital
Direction Put
Expiry GMT 21:00 05/05/2017

 

[Option_Banque]

Daily Report on May 08, 2017 by Option Banque

Daily Report on May 08, 2017



Most Asian markets advanced on Monday, tracing upbeat sentiment from U.S. stocks which closed at a record on Friday on the back of better-than-forecast data on American jobs. While Japanese shares rallied after reopening following a three-day holiday, Chinese stocks continued to trace a selloff that by far has wiped out more than $400 billion from the value of local shares.

The MSCI Asia Pacific Index jumped 1.3 percent to the highest since June 2015, led by gains of equities in Tokyo and Seoul. The Topix index rose the most since early January, adding 2.3 percent to trade at the highest since December 2015. Likewise, South Korea’s Kospi index soared 2.3 percent, the most since September 2015, to a fresh record. By contrast, the Shanghai Composite Index dropped another 0.8 percent to trade at the lowest level since October.

While the euro retreated following Emmanuel Macron’s victory as France’s next president, European stocks also found themselves in a negative territory as commodities producers were weighed down by the declines in prices of raw materials. The Stoxx Europe 600 slipped 0.1 percent in early trade.

According to China government data released on Monday, the country’s imports rose 11.9 percent in April, cooling from March's 20.3 percent rise and missing analysts' expectations for an 18 percent rise. Exports also slowed from the previous month’s reading. The headline-figure only added 8.0 percent from a year earlier, falling short of expectations of 10.4 percent.



Technicals

NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY has broken above a major resistance at 78.000 and is extending its uptrend in an attempt to test another firm resistance at 38.2% Fibonacci retracement. Both RSI and ADX indices are soaring higher, not to mention a widening gap between +DI and –DI lines, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 78.200 to 78.600 valid until 21:00 GMT May 08, 2017



GBPNZD



Fig: GBPNZD H1 Technical Chart

GBPNZD has been trading sideways to lower around a major level at 38.2% Fibonacci retracement. The pair has also been under pressure from two MAs hanging above the price action. While RSI index is edging lower, ADX index has been soaring, suggesting a strong downtrend in the market.

Trade suggestion

Buy Digital Put Option from 1.86900 to 1.86000 valid until 21:00 GMT May 08, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude gapped up in early on Monday but failed to retain its bullish momentum. Crude oil price retreated under downward pressure from the short-term MA20 and is likely to head lower to retest a six-month low at 46.62 recorded last week.

Trade suggestion

Buy Digital Put Option from 49.00 to 47.00 valid until 21:00 GMT May 08, 2017



EURO50



Fig: EURO 50 H4 Technical Chart

Euro 50 index retreated from all-time record high at 3680.80 and is facing a dynamic support at the short-term MA20. ADX reversed lower, showing a weakening downtrend in the market. In the event of further downtrend, the stock benchmark may test a support at 3610.00.

Trade suggestion

Buy Digital Put Option from 3640.00 to 3610.00 valid until 21:00 GMT May 08, 2017

 

[Option_Banque]

JD Trade Idea by Option Banque

Shares Of JD.Com Jump After Q1 Earnings Report Shows Revenue Grows 40 Percent

Shares of JD.com Inc soared by nearly 8.5 percent on Monday after the company reported its first-quarter revenue grew more than 40 percent compared to last year.

China’s second-largest e-commerce firm after Alibaba Group Holding Ltd. said revenue for the three months ended March grew 41.2 percent to 76.2 billion yuan ($11.04 billion), beating analysts’ estimate of 73.5 billion yuan.

JD.com posted a net profit of 355.7 million yuan for the quarter, reversing from a loss of 867.3 million yuan a year earlier. The upbeat results came on the back of a rise in domestic online shopping. The company forecast second-quarter revenue of 88 billion-90.5 billion yuan.

Trade suggestion
Buy Digital Call Option from 38.70 to 39.00 valid until 21:00 GMT May 08, 2017

 

[Option_Banque]

Silver Trade Idea by Option Banque

Silver Hovers Around Four-Month Lows, Pressurised By A Strong Greenback

Silver reversed lower on Monday, remaining near four-month lows as the greenback gained ground versus most of its peers and thus put pressure on commodity and precious metals which are quoted by dollar.

Silver futures price for July delivery edged nearly 0.1 percent lower after having lost 5.7 percent last week – their worst weekly decline since the week ended October 7th, 2017. The metal was weighed down by a strong dollar that makes assets traded in the greenback less affordable for buyers using other currencies.

Cleveland Fed President Loretta Mester on Monday said that the central bank should continue raising interest rates as its employment goal had been met and inflation goal had been so close. Speaking at the Chicago Council on Global Affairs, Mester, a hawkish Fed policymaker, claimed that while risks are “roughly balanced”, the Federal Reserve should not delay further policy tightening.

Trade suggestion
Buy Digital Put Option from 16.230 to 16.130 valid until 21:00 GMT May 08, 2017

 

[Option_Banque]

AUD/NZD signal by Option Banque

From 1.06900
Till 1.06400

Option Digital
Direction Put
Expiry GMT 21:00 08/05/2017

 

[Option_Banque]

Daily Report on May 09, 2017 by Option Banque

Daily Report on May 09, 2017



Asian shares slid form a two-year high on Tuesday as the bullish momentum turned weak in the absence of catalysts to spur further gains. The MSCI Asia Pacific Index fell 0.3 percent after having hit the highest level since June 2015 on Monday. South Korea’s market is closed on Election Day on Tuesday, one day after it soared to a record high.

Japan’s Topix index fell 0.2 percent after jumping 2.3 percent on Monday to the highest since December 2015. Yesterday also marked its biggest one-day gain since January. While Hong Kong’s Hang Seng shed 0.1 percent, Taiwan’s Taiex Index marched higher, heading for the highest closing level since 2000. Australia’s S&P/ASX 200 Index slipped 0.5 percent.

The Aussie dollar lost 0.35 percent in Asian trading hours on Tuesday, performing as the weakest major currency after the Australian Bureau of Statistics reported receipts at Australian stores unexpectedly fell in March. Indeed, retail sales fell at a seasonally adjusted 0.1%, completely in contrast with analysts’ estimate calling for a gain of 0.3 percent. The headline figure, which reflects the strength of consumer spending, slid for a second consecutive month in March with February’s drop being revised lower to minus 0.2 percent.

The International Monetary Fund on Tuesday warned that Asian economies have currently had to cope with rapidly aging populations, which is set to create a demographic "tax" on growth. Additionally, any sudden tightening in global financial conditions or rise in protectionist trade policies will perform as "significant" uncertainty and downside growth risks for Asia's economic outlook.



Technicals

AUDCAD



Fig: AUDCAD H4 Technical Chart

AUDCAD has broken out of a period of moving sideways below a resistance at 23.6% Fibonacci retracement. RSI has been moving at a low of 31.21 while ADX is edging higher with a widening gap between +DI and –DI lines, suggesting a strong downtrend. A support at 1.00300 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.00800 to 1.00300 valid until 21:00 GMT May 09, 2017



GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF has soared to highest level since mid-September after marching higher three days in a row. The pair has sent its market into an overbought market which resulted in a consolidation lately. However, with soaring RSI and ADX indices, the pair is expected to advance further.

Trade suggestion

Buy Digital Call Option from 1.29300 to 1.29800 valid until 21:00 GMT May 09, 2017



EURAUD


Fig: EURAUD H1 Technical Chart

EURAUD rebounded from a support at 1.47600 and brought its price action to surpass both long-term and short-term MAs. The market has also entered the bullish zone, as indicated by the RSI index which has surged to as high as 63.92. The pair is expected to hit a high at 1.49100.

Trade suggestion

Buy Digital Call Option from 1.48500 to 1.49100 valid until 21:00 GMT May 09, 2017



AUDJPY



Fig: AUDJPY H4 Technical Chart

AUDJPY’s price action has twisted with a couple of MAs. No clear trend in the market sent the ADX index to hover around 20 while RSI is moving around the 50 line. In the event of further down moves, the pair is expected to test a support at 82.800.

Trade suggestion

Buy Digital Put Option from 83.300 to 82.800 valid until 21:00 GMT May 09, 2017

 

[Option_Banque]

Gold Trade Idea by Option Banque

Gold Extends Downward Rally On The Back Of Strengthening Dollar

Gold futures edged lower on Tuesday, heading lower in four of the past five trading sessions. The precious metal dropped to the lowest level since mid-March as the U.S. dollar strengthened.

Gold prices for June delivery lost 0.75 percent to trade below $1,220.90 an ounce troy. The dollar became stronger against most of its peers. The ICE U.S. Dollar Index added nearly 0.4 percent. The greenback was boosted further after data from the Bureau of Labor Statistics showed monthly jobs openings in March beat expectations.

According to the report released on Tuesday, the number of openings was at 5.74 million. Analysts had expected the figure to reached 5.67 million. A stronger dollar causes commodities priced in the currency like gold less affordable for buyers using other currencies.

Trade suggestion
Buy Digital Put Option from 1217.00 to 1211.00 valid until 21:00 GMT May 09, 2017

 

[Option_Banque]

AUDUSD Trade Idea by Option Banque

Australian Dollar Plunges To Four-Month Lows After Weak Retail Sales Data

The Aussie dollar lost 0.35 percent in Asian trading hours on Tuesday, performing as the weakest major currency following the release of downbeat retail sales data.

The pair AUDUSD has fallen in four out of last five sessions, sending the price to the lowest level since January 11th. The currency pair remained fragile on Tuesday after the Australian Bureau of Statistics reported receipts at Australian stores unexpectedly fell in March.

Indeed, retail sales fell at a seasonally adjusted 0.1%, completely in contrast with analysts’ estimate calling for a gain of 0.3 percent. The headline figure, which reflects the strength of consumer spending, slid for a second consecutive month in March with February’s drop being revised lower to minus 0.2 percent.

While food retailing increased 0.1%, household goods and clothing sales both fell.

Trade suggestion
Buy Digital Put Option from 0.73600 to 0.73300 valid until 21:00 GMT May 09, 2017