Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

GBP/CHF signal by Option Banque

From 1.30500
Till 1.31000

Buy Option Digital
Direction Call
Expiry GMT 21:00 09/05/2017

 

[Option_Banque]

Daily Report on May 10, 2017 by Option Banque

Daily Report on May 10, 2017



Asian shares advanced on Wednesday, led by gains in equities in Hong Kong. The Hang Seng rose 0.6 percent while the Hang Seng China Enterprises Index added 1.1 percent. Australia’s S&P/ASX 200 and the Shanghai Composite Index also climbed, adding 0.5 percent and 0.1 percent, respectively. Likewise, Japan’s Topix index increased 0.2 percent and the Nikkei 225 climbed 0.3 percent.

According to Chinese National Bureau of Statistics, April producer price inflation cooled for a second straight month on the back of tumbling iron ore and coal prices. The producer price index (PPI) was reported to rise 6.4 percent from a year earlier, down from the previous month's gain of 7.6 percent and falling short of economists' expectations for a 6.9 percent rise.

Also released by the National Bureau of Statistics on Wednesday, China's consumer price index (CPI) rose 1.2 percent from a year earlier, advancing from March's 0.9 percent and above analysts' forecasts.

Crude prices edged higher on Wednesday after a report saying that Saudi Arabia would cut supplies. State-owned Saudi Aramco was reported to likely reduce supplies to Asian customers by about 7 million barrels in June as part of OPEC's agreement to reduce production.

However, gains in crude oil futures prices have been threatened by higher crude output from the United States which would offset attempts from other major oil producers to wipe out global glut. As stated by the U.S. Energy Information Administration, U.S. crude production may rise by more than previously expected in 2017 to 9.31 million barrels per day from 8.87 million bpd in 2016, a 440,000 bpd increase.



Technicals

GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF has been moving sideways around eight-month highs at 1.30400 after having reached this level yesterday. The market, as a result, entered the overbought zone and fell into a consolidation. In the event of continual up moves, the pair is expected to test a major resistance at 1.31000.

Trade suggestion

Buy Digital Call Option from 1.30400 to 1.31000 valid until 21:00 GMT May 10, 2017



EURUSD


Fig: EURUSD H4 Technical Chart

EURUSD sent its price action below both short-term and long-term MAs yesterday and continued to extend its down moves after a period of moving sideways. While RSI is heading lower, ADX is edging higher, suggesting further declines. A support at 1.08250 is within the sight.

Trade suggestion

Buy Digital Put Option from 1.08850 to 1.08250 valid until 21:00 GMT May 10, 2017



SILVER



Fig: SILVER H1 Technical Chart

Silver has been tracing a dynamic support at the short-term MA20 and kept heading downwards. The precious metal hit the lowest level since early January and retreated after having sent the market into the oversold territory. With pressure from two MAs hanging above the price action, the price is expected to test a support at 16.000.

Trade suggestion

Buy Digital Put Option from 16.150 to 16.000 valid until 21:00 GMT May 10, 2017



CAC40



Fig: CAC 40 H4 Technical Chart

CAC 40 twisted around a support at 5390.00 yesterday but remained to be supported by two MAs lingering below the price action. RSI which is at as high as 59.74 indicated that the market is still in the bullish zone. A high at 5470.00 is expected to be hit.

Trade suggestion

Buy Digital Call Option from 5400.00 to 5470.00 valid until 21:00 GMT May 10, 2017

 

[Option_Banque]

Mylan Trade Idea by Option Banque

Shares Of Mylan Increase Even Though Revenue Misses Forecasts

Shares of Mylan NV jumped more than 2.8 percent in premarket trade on Tuesday after the pharmaceutical company reported first-quarter profit that beat estimates.

The Pennsylvania-based company said it earned $66.4 million or 12 cents per share in the latest quarter, up from $13.9 million or 3 cents per share in the year-earlier period. Adjusted for one-timed items, EPS were 93 cents against economists’ forecast of 92 cents.

However, revenue only rose to $2.72 billion from $2.19, well below analysts’ consensus of $2.82 billion. The decline came as a result of a drop in sales of the EpiPen allergic reaction treatment.

The company maintained its March guidance for full year 2017 revenues between $12.25 billion and $13.75 billion and earnings between $2.8 billion and $3.0 billion.

Trade suggestion
Buy Digital Call Option from 39.00 to 40.00 valid until 21:00 GMT May 10, 2017

 

[Option_Banque]

Walt Disney Trade Idea by Option Banque

Walt Disney Shares Inch Down As Fiscal Second-Quarter Revenue Misses Forecasts

Shares of the Walt Disney Co. plunged nearly 2.7 percent in later trading on Tuesday after the multinational mass media company reported fiscal second-quarter revenue came in under Wall Street forecasts.

The media giant earned $2.39 billion, or $1.50 a share, in the March quarter, up from $2.14 billion, or $1.30 a share, in the prior-year quarter. Adjusted for one-time items, Disney said it earned $1.50 a share, well above $1.36 a share a year ago

However, revenue only rose by $13.34 billion from $12.97 billion a year ago, falling short of expectations for adjusted earnings of $1.41 a share on sales of $13.41 billion.

According to the company, “The current quarter benefited from lower pre-release marketing costs and the strong performance of “Beauty and the Beast,”, however, such gains were encountered by the performance of “Star Wars: The Force Awakens” and “Zootopia” in the prior-year quarter compared to “Rogue One: A Star Wars Story” and “Moana” in the current quarter.

Trade suggestion
Buy Digital Put Option from 109.00 to 107.00 valid until 21:00 GMT May 10, 2017

 

[Option_Banque]

EUR/NZD signal by Option Banque

EUR/NZD signal by Option Banque

From 1.56800
Till 1.56200

Option Digital
Direction Put
Expiry GMT 21:00 10/05/2017

 

[Option_Banque]

Daily Report on May 11, 2017 by Option Banque

Daily Report on May 11, 2017



Asian shares remained on their uptrend with upbeat sentiment fueled by global equities that remained at record levels and a rebound in crude oil futures prices that helped boost energy stocks. Stock benchmark indices in New Zealand and South Korea surged the most while Hong Kong’s Hang Seng advanced for a fourth straight day.

Whereas South Korea’s Kospi pared losses from Wednesday’s declines, rising 0.7 percent on Thursday, the Shanghai Composite Index shed 0.4 percent, heading for a seventh decline in the last eight sessions.

New Zealand’s S&P/NZX 50 jumped 0.9 percent to the highest level since September and its currency fell to its lowest level since June 2016 against the dollar after the Reserve Bank of New Zealand kept its benchmark rate unchanged. The central bank said it would keep rates there for an extended period given forecast pointing to slow inflation rate. The bank projected that inflation will decelerate to 1.1 percent in the first quarter of 2018.

Crude oil futures advanced on Thursday, extending their upbeat moves on Wednesday. According to data released by the U.S. Energy Information Administration on Wednesday, U.S. crude stockpiles fell 5.2 million barrels in the week to May 5 as imports dropped sharply. This was not only their biggest one-week drawdown since December but also sent crude stocks to 522.5 million barrels - the lowest since February.

After a meeting with his Iraqi counterpart in Baghdad on Wednesday, Algeria's Energy Minister Nouredine Bouterfa said that both sides were in favour of extending OPEC and non-OPEC producers' deal on global oil supply cuts for a further six months. OPEC is due to meet later this month in Vienna.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD has crossed over a couple of MAs from below and may complete a double-bottom pattern as the pair is attempting to surpass the neck level. In the event of continual up moves, the pair is expected to hit a firm resistance at 1.37900 as RSI is showing a bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 1.37400 to 1.37900 valid until 21:00 GMT May 11, 2017



SILVER



Fig: Silver H4 Technical Chart

Silver has been tracing an uptrend and has entered a trading range between a support at 16.230 and a resistance at 16.430. With support from two MAs hanging below the price action a rising RSI and ADX indices, the pair is anticipated to reach an upper boundary of the trading range.

Trade suggestion

Buy Digital Call Option from 16.270 to 16.430 valid until 21:00 GMT May 11, 2017



SUGAR



Fig: Sugar H1 Technical Chart

Sugar prices have been soaring since it reversed higher from a support at 61.8% Fibonacci retracement. The pair broke out of a sideways period and also brought its price action above two MAs. The short-term MA20 has crossed over the long-term MA50, suggesting a strong uptrend.

Trade suggestion

Buy Digital Call Option from 15.85 to 16.15 valid until 21:00 GMT May 11, 2017



Euro 50



Fig: Euro 50 H4 Technical Chart

As can be easily seen from the price chart, Euro 50 stock index has been supported by the short-term MA50 and looks set to inch higher to retest an all-time record high at 3680.00. RSI index is rising, suggesting a dominating bullish force in the market.

Trade suggestion

Buy Digital Call Option from 3650.00 to 3680.00 valid until 21:00 GMT May 11, 2017

 

[Option_Banque]

Natural Gas Trade Idea by Option Banque

Natural Gas Futures Jump High After Smaller-Than-Expected Rise In U.S. Supplies

Natural gas futures prices jumped nearly 2.8 percent on Thursday after data from the U.S. Energy Information Administration showed a smaller-than-expected rise in U.S. supplies.

Natural gas futures prices for June delivery rose to $3.435 per million British thermal units on Thursday – their highest level since January 26th. Data by the EIA showed that U.S. natural gas supplies rose by 45 billion cubic feet for the week ended May 5. Analysts had expected a build of 61 billion to 62 billion cubic feet.

As stated by the report, total stocks now stand at 2.301 trillion cubic feet, down 372 billion cubic feet from a year ago, but 275 billion cubic feet above the five-year average.

Trade suggestion
Buy Digital Call Option from 3.430 to 3.490 valid until 21:00 GMT May 12, 2017

 

[Option_Banque]

Oil Trade Idea by Option Banque

Oil Futures Prices Extend Their Up Moves Following A Sharp Drop In U.S. Inventories

Crude oil futures advanced on Thursday, extending their upbeat moves on Wednesday which came after a steep drop in U.S. inventories and comments from the Algerian energy ministry.

U.S. crude and global benchmark Brent crude both rose 0.4 percent to $47.55 and $50.45 a barrel, respectively on Thursday. According to data released by the U.S. Energy Information Administration on Wednesday, U.S. crude stockpiles fell 5.2 million barrels in the week to May 5 as imports dropped sharply. This was not only their biggest one-week drawdown since December but also sent crude stocks to 522.5 million barrels – the lowest since February.

After a meeting with his Iraqi counterpart in Baghdad on Wednesday, Algeria’s Energy Minister Nouredine Bouterfa said that both sides were in favour of extending OPEC and non-OPEC producers’ deal on global oil supply cuts for a further six months. OPEC is due to meet later this month in Vienna.

Trade suggestion
Buy Digital Call Option from 50.40 to 51.00 valid until 21:00 GMT May 11, 2017

 

[Option_Banque]

NZD/USD signal by Option Banque

From 0.68400
Till 0.68100

Option Digital
Direction Put
Expiry GMT 21:00 11/05/2017

 

[Option_Banque]

Daily Report on May 17, 2017 by Option Banque

Daily Report on May 17, 2017



Asian equities lost ground on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan losing 0.5 percent while contracts on the S&P 500 Index also found themselves in a downtrend in Asia on the back of reports that U.S. President Donald Trump asked FBI Director James Comey to end a probe into former National Security Adviser Michael Flynn.

The U.S. equities and the greenback had already been in negative territory after a report alleging the president to share terrorism intelligence with Russian officials.

As investors flocked into safe-haven assets including Japanese Yen, Japan's Topix shed 0.6 percent. Australia’s S&P/ASX 200 Index slid 1 percent while Australia’s S&P/ASX 200 Index dropped 0.4 percent and Singapore’s Straits Times Index declined by 0.6 percent. Futures on the S&P 500 Index plunged by 0.6 percent, extending the downtrend after reversing from Tuesday’s all-time high of 2,405.77.

Crude prices lost around 1 percent on Monday following weekly data that pointed to an increase in U.S. crude inventories. The American Petroleum Institute (API) on Tuesday reported that U.S crude stockpiles rose by 882,000 barrels in the week ending May 12 to 523.4 million. Analysts had expected for a decrease of 2.4 million barrels.

The U.S. Energy Information Administration is scheduled to report its data later on the day with markets expecting a drop by 2.67 million barrels last week. OPEC’s internal Economic Commission Board is due to meet in Vienna on Wednesday to discuss the market in preparation for the group’s formal meeting scheduled on May 25.



Technicals

NZDUSD


Fig: NZDUSD H4 Technical Chart

NZDUSD has been supported by a couple of MAs. The pair retested a high at 0.69160 recorded on Monday. Both RSI and ADX indices are soaring, indicating a strong bullish force in the market. The price is heading upward in an attempt to test a major resistance at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 0.69200 to 0.69600 valid until 21:00 GMT May 17, 2017



USDCHF


Fig: USDCHF H4 Technical Chart

USDCHF has been tracing a dramatically sharp downtrend that sent the pair from as high as 1.01000 to as low as 0.98300 – a plunge of 270 pips. Although RSI indicates the pair has entered the oversold zone, ADX keeps edging higher. However, the pair is expected to experience a reversal as investors may buy at low prices. Therefore, 38.2% Fib.level is expected to be a firm support.

Trade suggestion

Buy Digital Put Option from 0.98300 to 0.97800 valid until 21:00 GMT May 17, 2017



COFFEE


Fig: Coffee H4 Technical Chart

Coffee prices have been on a downtrend under downward pressure from two MAs hanging above the price action. The commodity has tested a support at 130.80 where it had to reverse higher on April 21st and 25th. While RSI has nearly entered the oversold zone, ADX is soaring with a widening gap between –DI and +DI lines, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 130.80 to 128.50 valid until 21:00 GMT May 17, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold is on a course to retest the 38.2% Fibonacci level after having broken out of a short consolidation around 1239.00. With two MAs lingering below the price action and indices that confirm the uptrend, the precious metal may soar to a strong resistance at 1250.00.

Trade suggestion

Buy Digital Call Option from 1244.00 to 1250.00 valid until 21:00 GMT May 17, 2017

 

[Option_Banque]

USDJPY Trade Idea by Option Banque

Japanese Yen Extends Upward Rally Versus Dollar As Global Shares Tumble

Japanese Yen extended its gains versus its American counterpart in Asian trading session on Wednesday amidst declines in global stock markets which were spurred by U.S. politic turmoil.

The Yen added 0.5 percent in early trade after having jump 0.6 percent on Tuesday as investors flocked into safe-haven assets. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.5 percent with Japan’s Nikkei .N225, Australia’s S&P/ASX 200 Index, South Korea’s Kospi index and Singapore’s Straits Times index all declining.

Contracts on the S&P 500 Index also found themselves in a downtrend in Asia on the back of reports that U.S. President Donald Trump asked FBI Director James Comey to end a probe into former National Security Adviser Michael Flynn. The U.S. equities and the greenback had already been in negative territory after a report alleging the president to share terrorism intelligence with Russian officials.

Trade suggestion
Buy Digital Put Option from 112.400 to 112.000 valid until 21:00 GMT May 17, 2017

 

[Option_Banque]

Target Corp. Trade Idea by Option Banque

Target Shares Surge High In Premarket Trading Following Better-Than-Expected Quarterly Results

Shares of Target Corp. jumped more than 6 percent in premarket trading on Wednesday after the company reported adjusted earnings and sales in the last quarter outstripped markets’ forecasts.

The retailer earned $681 million, or $1.23 a share, compared with $632 million, or $1.05 a share, a year ago. Adjusted for one-time items, net earnings were $1.21, topping Wall Street’s expectations.

Sales were reported to come in at $16.02 billion, slightly lower than $16.19 billion recorded a year ago. However, the result still beat market forecast of $15.62 billion. The company forecasts adjusted earnings for the second quarter to fall in a range from 95 cents to $1.15 a share. Economists expect adjusted earnings to reach $1 a share.

Trade suggestion
Buy Digital Put Option from 56.50 to 58.000 valid until 21:00 GMT May 17, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

From 124.200
Till 123.500

Option Digital
Direction Put
Expiry GMT 21:00 17/05/2017

 

[Option_Banque]

Daily Report on May 18, 2017 by Option Banque

Daily Report on May 18, 2017



Asian shares slumped on Thursday after U.S. equities plunged by the most since September on Wednesday. S&P 500 Index plummeted by S&P 500 Index – its worst daily loss since September 9th - in the last session. Meanwhile, the Dow Jones Industrial Average lost 372.82 points and the Nasdaq Composite Index dropped 2.6 percent, marking its sharpest decline since June 24th.

The MSCI Asia Pacific Index experienced the biggest one-day drop since April 6th, shedding 0.8% on Thursday. Japan’s Topix led losses in the region, slumping 1.5 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi Index lost 1.3 percent and 0.5 percent, respectively while Hong Kong’s Hang Seng Index and Hang Seng China Enterprises Index also found themselves in the red.

According to report released by the Australian Bureau of Statistics earlier on the day, the country’s jobless rate fell to its lowest in four months in April. Indeed, the unemployment rate dropped to 5.7 percent, well below analysts' expectations for a steady 5.9 percent. However, the number of people with full-time work declined by 11,600.

Crude oil price were struggling for direction on Thursday. The U.S. Energy Information Administration on Wednesday reported domestic crude inventories plunged by 1.8 million barrels to 520.8 million barrels for the week to May 12.



Technicals

AUDCAD



Fig: AUDCAD H4 Technical Chart

With upward support from a couple of MAs, AUDCAD surged steeply to surpass the 23.6% Fibonacci retracement. After a sharp rise, the pair fell into a correction. However, RSI has inched to as high as 62.57, suggesting a strong uptrend in the market. A resistance at 1.02000 is within the sight.

Trade suggestion

Buy Digital Call Option from 1.01600 to 1.02000 valid until 21:00 GMT May 18, 2017



GBPCHF


Fig: GBPCHF H4 Technical Chart

GBPCHF has been moving in a narrow range around a support at 1.27000 – the level that forced the pair to reverse higher earlier this week and on April 21st. This seems a strong support. Nevertheless, the market has been overwhelmed in bearish momentum, which may send the price to as low as 23.6% Fibonacci level.

Trade suggestion

Buy Digital Put Option from 1.26800 to 1.26200 valid until 21:00 GMT May 18, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver retreated from a firm resistance at 17.000 and sent its price action below both long-term and short-term MAs. The RSI index fell below the 50 line for the first time since last week, indicating a strong downtrend. Silver may fall as low as 61.8% Fibonacci level.

Trade suggestion

Buy Digital Put Option from 16.740 to 16.600 valid until 21:00 GMT May 18, 2017



EURO 50



Fig: EURO 50 Index H4 Technical Chart

EURO 50 index plunged sharply, breaking out of a period of moving sideways around the level 3640.00. The short-term MA20 has converged with the short-term MA50 from above, suggesting a reversal into a downtrend. ADX index is soaring with a sharp rise from –DI line. In the event of continual downtrend, the stock benchmark may test a support at 3505.00.

Trade suggestion

Buy Digital Put Option from 3550.00 to 3505.00 valid until 21:00 GMT May 18, 2017

 

[Option_Banque]

Cisco Trade Idea by Option Banque

Cisco Shares Nose-Dive After Forecast Points To A Decline In Current Quarter Revenue

Shares of Cisco Systems Inc. plunged nearly 7.7 percent in after-hours trading on Wednesday after the technology conglomerate said it would cut more jobs and forecast current-quarter revenue to decline at a faster rate.

The California-based networking giant reported net income of $2.52 billion, or 50 cents a share, on sales of $11.94 billion. Adjusted for one-time items, Cisco claimed earnings of 60 cents a share. Analysts had expected adjusted earnings of 58 cents a share on sales of $11.9 billion.

After having lost 1% in revenue last quarter, Cisco expects revenue for the current quarter to drop by 4% to 6% on a yearly basis to fall in a range between $11.9 billion to $12.1 billion. This is well below market’s expectation for a sales total of $12.5 billion on average.

Cisco also plans to cut 1,100 more jobs after having announced to slash a total of 5,500 last August.

Trade suggestion
Buy Digital Put Option from 31.20 to 30.50 valid until 21:00 GMT May 18, 2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

Sterling Jumps More Than 0.4% After U.K. Retail Sales Data Release

British Pound advanced nearly 0.45 percent versus the U.S. dollar in morning session on Thursday after data showed U.K. retail sales rebounded in April.

The currency pair GBPUSD jumped higher to trade around 1.30300 – the highest level since September 30th, 2016 after a monthly report released by the Office for National Statistics showed U.K. retail sales grew by 2.3% on the month in April.

This was not only a reversal from a steep quarterly decline in the first three months of the year but also well above the 1.5% growth expected by economists.
On a yearly basis, sale jumped 4.0%, also significantly more than analysts’ expectations calling for a growth rate of 2.3%. According to the reports, sales was boosted by warm weather that encouraged shoppers to purchase gardening tools and home improvements.

Trade suggestion
Buy Digital Call Option from 1.30300 to 1.30600 valid until 21:00 GMT May 18, 2017

 

[Option_Banque]

Daily Report on May 19, 2017 by Option Banque

Daily Report on May 19, 2017



Asian shares were mostly lower on Friday with MSCI's broadest index of Asia-Pacific shares outside Japan slipping 0.1 percent, on track for a weekly loss of 0.5 percent. Japanese stocks reversed early gains to head back into a negative territory after having dropped 1.3 percent on Thursday, extending declines for the week to 1.8 percent.

The yen rose 0.3 percent versus dollar to trade around 111.20 following a decline of 0.6 percent on Thursday. The Japanese currency looked set to close the week nearly 2 percent higher – the strongest weekly performance in a month.

While Australia’s S&P/ASX 200 Index dropped 0.3 percent, South Korea’s Kospi was struggling for direction, up less than 0.1 percent. Chinese shares advanced with the Shanghai Composite adding 0.1 percent, up 0.4 percent for the week. Hong Kong's Hang Seng inched 0.2 percent higher, set for a weekly rise of 0.1 percent.

Crude prices rose on Friday, extending their gains for the third straight session amidst optimism that major producers will agree to cut production further to encounter with current global glut. After talks with his Russian counterpart, Alexander Novak, Algerian Energy Minister Noureddine Boutarfa on Thursday said that “Most of the countries support the proposition of Russia and Saudi Arabia to extend,”.



Technicals

USDMXN


USDMXN reversed lower after having failed to retest a significant level at 19.25000. The pair has dropped to as low as 18.77072 with the price action falling below both short-term and long-term MAs. RSI has also moved past the 50 line, supporting the downtrend.

Trade suggestion

Buy Digital Put Option from18.77000 to 18.60000 valid until 21:00 GMT May 19, 2017



EURUSD


As can be seen from the price chart, the pair EURUSD has been supported by the short-term MA20. The currency pair is expected to extend their upward rally to retest a resistance at 1.11700 – the highest level since early November 2016, recorded on Thursday.

Trade suggestion

Buy Digital Call Option from 1.11200 to 1.11700 valid until 21:00 GMT May 19, 2017



BRENT


Brent crude prices have breached a strong resistance at 52.60 after a short consolidation below this level. The commodity prices have been supported by two MAs lingering below the price action. The bull is dominating in the market, as indicated by RSI index. Further advances may send the price to as high as 54.00.

Trade suggestion

Buy Digital Call Option from 53.00 to 54.00 valid until 21:00 GMT May 19, 2017



SILVER


Silver soared higher following a correction below the short-term MA20. The price action crossed over the short-term MA20 from below, suggesting a strong uptrend. However, with the long-term MA50 hanging above, the metal may face a strong resistance. The level at 16.800 is within the sight.

Trade suggestion

Buy Digital Call Option from 16.700 to 16.800 valid until 21:00 GMT May 19, 2017

 

[Option_Banque]

Salesforce Trade Idea by Option Banque

Salesforce Posts Upbeat Quarterly Results And Raises Revenue Guidance, Shares Rise

Shares of Salesforce.com Inc. added 1.37 percent in after-hours trading on Thursday after the cloud computing company posted better-than-expected earnings for the last quarter and mounted its full-year revenue guidance.

The California-based company reported a net loss of $9.2 million on revenue of $2.39 billion in the three-month period to April. Adjusting for one-time items, Salesforce reported a profit of 28 cents a share. This beat adjusted earnings of 26 cents a share on sales of $2.35 billion forecast by analysts.

For the full 2018 fiscal year, Salesforce raised its revenue guidance to a range of $10.25 billion to $10.3 billion, up from previous guidance calling for sales of $10.15 billion to $10.2 billion.

Trade suggestion
Buy Digital Call Option from 89.00 to 90.00 valid until 21:00 GMT May 19, 2017

 

[Option_Banque]

GBP/USD signal by Option Banque
From 1.30100
Till 1.30500
Buy Option Digital
Direction Call
Expiry GMT 21:00 19/05/2017


GBP/CHF signal by Option Banque
From 1.26700
Till 1.26200
Option Digital
Direction Put
Expiry GMT 21:00 19/05/2017

 

[Option_Banque]

Daily Report on May 22, 2017 by Option Banque

Daily Report on May 22, 2017



Asian shares advanced on Monday, supported by a rise in stocks of energy and mining producers as raw materials jumped higher. MSCI's broadest index of Asia-Pacific shares outside Japan added nearly 0.5 percent, helped by gains in Australia’s and Hong Kong’s equities.

Particularly, Australia’s S&P/ASX 200 Index surged by 0.8 percent while Japan’s Topix index rose 0.4 percent and South Korea’s Kospi index advanced 0.3 percent. Meanwhile, Hong Kong’s Hang Seng soared 0.8 percent, the Hang Seng China Enterprises Index climbed 0.9 percent and the Shanghai Composite added 0.2 percent.

The Pound gapped down against most of its peers in early Asian trade on Monday due to the fact that the U.K. threatened to exit talks on its departure from Europe unless the bloc discard its demands for a divorce payment as high as 100 billion euros ($112 billion). EU ministers will meet in Brussels on Monday to discuss further about the Brexit negotiation.

U.S. crude oil futures prices gapped up on Monday thanks to expectations that a pledge by the Organization of the Petroleum Exporting Countries (OPEC) and other major producers, including Russia, would be extended by nine months to March 2018. The option of deepening the production cut to tighten the market and prop up prices was also being discussed ahead of a meeting of OPEC and its allies in Vienna on Thursday.

At a news conference in Riyadh on Sunday, Saudi Arabia’s energy minister Al-Falih said that “We believe that continuation with the same level of cuts, plus potentially adding one or two small producers if they wish to join, will be more than adequate to bring the balances to where they need to be by the first quarter of 2018,”



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD reversed lower after having failed to cross over a resistance at 1.35400. With downward pressure from two MAs, the pair is expected to inch lower. While RSI has been sliding, the ADX index is heading upwards, confirming further downbeat moves.

Trade suggestion

Buy Digital Put Option from 1.35200 to 1.34600 valid until 21:00 GMT May 22, 2017



NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY has breached the short-term MA20 after moving past a level at 77.000. The pair has fallen into a trading range between a support at 77.000 and a resistance at 77.900. With RSI indicating that the market has entered the bullish zone, the price is expect to test the upper boundary.

Trade suggestion

Buy Digital Call Option from 77.400 to 77.900 valid until 21:00 GMT May 22, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude has been tracing a strong uptrend that has sent the price to the highest level since April 19th. Recent consistent up moves brought the market into an overbought zone, as indicate by the RSI index which has jumped as high as 76.59. However, ADX keeps rising, coupled with a widening gap between +DI and –DI lines, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 54.10 to 55.00 valid until 21:00 GMT May 22, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas gapped up on Monday and has been trading around a resistance at 3.375. The price action has officially crossed over a couple of MAs and looked set to test a significantly important level at 61.8% Fibonacci retracement at 3.410.

Trade suggestion

Buy Digital Call Option from 3.380 to 3.410 valid until 21:00 GMT May 22, 2017