Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Daily Report on June 08, 2017 by Option Banque

Daily Report on June 08, 2017



Asian shares inched lower on Thursday as investors were reluctant to add any big positions in risky assets ahead of key events scheduled to come out later in the day. The MSCI Asia Pacific Index lost more than 0.2 percent, led by declines in stocks of energy producers.

While Hong Kong’s Hang Seng and the Shanghai Composite Index were little changed, South Korea’s Kospi index lost 0.3 percent after North Korea launched a series of short-range missiles early Thursday. Thanks to the dollar's rebound against the yen, Japanese equities advanced. The Topix index rose 0.1 percent while Japan's Nikkei N225 added 0.3 percent.

According to Japan’s Cabinet Office, the economy grew less than the government initially reported for the first quarter. In the three-month period to March, Japan's economy - the world's third largest - expanded at an annualized rate of 1.0 percent, well below the preliminary estimate of 2.2 percent growth.

Australia’s S&P/ASX 200 Index fell 0.1 percent after the Australian Bureau of Statistics on Thursday reported the country’s trade balance to drop to a surplus of $0.56 billion in April from a surplus of $3.1 billion recorded in March. As stated by the data, while imports only shed 1 percent, exports plunged by 8 percent in April, leaving the result well below expectation calling for a surplus of $1.95 billion.

Crude oil futures prices pared losses after having nose-dived more than 5 percent on Wednesday. The sharp down move came after the Energy Information Administration reported an unexpected rise in U.S. crude stockpiles.



Technicals

NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY has been trading sideways to higher around the 38.2% Fibonacci retracement. The pair has breached last Friday’s high of 79.100 and seems to break out of its currently narrow trading range. With support from rising RSI and ADX index which indicates a strong bullish force in the market, the pair is expected to test a resistance at 79.600.

Trade suggestion

Buy Digital Call Option from 79.200 to 79.600 valid until 20:00 GMT June 08, 2017



EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY failed to break out of a resistance which is the short-term MA20. The pair had to give up its upbeat moves to reverse lower after hitting this stance in early trade. The support at 122.600 is expected to be tested again. This is a strong level which has forced the price to rebound on May 18th and June 07th.

Trade suggestion

Buy Digital Put Option from 123.300 to 122.600 valid until 20:00 GMT June 08, 2017



GBPUSD


Fig: GBPUSD H4 Technical Chart

With the support from two MAs that are lingering below the price, GBPUSD has been tracing an uptrend which has brought its price action above a firm resistance at 23.6% Fibonacci level. A strong handle at 1.30400 is within the sight as both RSI and ADX indices are edging higher, indicating a strong bullish momentum.

Trade suggestion

Buy Digital Call Option from 1.29800 to 1.30400 valid until 20:00 GMT June 08, 2017



WTI



Fig: WTI H4 Technical Chart

WTI crude price has fallen into a consolidation following a sharp down move on Wednesday that helped the price break out of a support at 46.70. The commodity fell to another support at 45.80 and is struggling at this level. As can be seen from the price chart, two MAs hanging below the price action are exerting downward pressure on the price, not to mention a low RSI that indicates a dominating bearish market. The price is expected to drop lower to test a significant level at 38.2% Fib.

Trade suggestion

Buy Digital Put Option from 45.75 to 44.80 valid until 20:00 GMT June 08, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas prices failed to cross over a dynamic resistance which is the long-term MA50. The commodity price fell below the 38.2% Fibonacci retracement and also below the short-term MA20, suggesting a reversal into a downtrend. RSI has drifted to as low as 41.02 while the ADX index headed lower, indicating a weakening uptrend. A support at 2.930 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 3.000 to 2.930 valid until 20:00 GMT June 08, 2017

 

[Option_Banque]

Copper Market Outlook by Option Banque

Copper futures prices rose for second day in a row on Thursday after upbeat Chinese trade balance and reports that mines in Chile – the world’s biggest copper exporter – have suspended key operations due to heavy rains.

Copper futures for July delivery added more than 0.5 percent after the Customs General Administration of China reported that the country’s overseas shipments accelerated in May compared to that of a year ago.

As stated by the data released on Thursday, China’s exports jumped 8.7 percent in May in dollar terms while imports soared 14.8 percent, bringing the trade balance to $40.81 billion dollars. China’s trade surplus in May widened from April’s $38.05 billion.

In yuan terms, exports climbed 15.5 percent and imports surged 22.1 percent, leaving a trade surplus of 281.6 billion yuan. Thanks to an improvement in global demand, both figures beat expectations. Copper prices increased as a result as the data showed a strong appetite for China’s imports of industrial commodities which helps boost resources prices worldwide.

Meanwhile, Reuters on Wednesday reported that operations in some locations in Chile were halted after the country’s northern area was hit by snowstorms. The harsh weather condition caused Chile’s emergency service Onemi to trigger its highest ‘red alert’ warning and to implement safety protocols in the region of Antofagasta.

BHP Billiton’s Escondida – the world’s biggest copper mine – said all of its operations had been suspended due to heavy snow. Antofagasta PLC and state-owned mining company Codelco also announced interruptions to productions at their mines after heavy rains lashed the high altitude desert region of Antofagasta.


Copper rebounded strongly from a couple of moving averages. The commodity has officially escaped from the previous downtrend which was under downward pressure from two MAs. As can be seen from RSI index chart, the index did not only breach the central line but also surged to as high as 66.37, indicating a strong bullish momentum in the copper market. The commodity price is likely to extend its up moves. A resistance at 2.5930 is within the sight.

Trade suggestion

Buy Digital Call Option from 2.5700 to 2.5900 valid until 20:00 GMT June 08, 2017

 

[Option_Banque]

GBP/JPY signal by Option Banque

GBP/JPY signal by Option Banque

From 142.650
Till 143.050

Buy Option Digital
Direction Call
Expiry GMT 21:00 08/06/2017

 

[Option_Banque]

Trade signals by Option Banque

AUD/NZD signal by Option Banque
From 1.04400
Till 1.04000
Option Digital
Direction Put
Expiry GMT 21:00 09/06/2017

EUR/GBP signal by Option Banque
From 0.88200
Till 0.88600
Buy Option Digital
Direction Call
Expiry GMT 21:00 09/06/2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

British Pound Plunges Sharply In The Aftermath of the Shocking Election Vote

Sterling slumped against all of its major rivals on Friday after the unexpected election result for Prime Minister Theresa May, which left no single party with a clear claim to power, threw Britain into fresh political turmoil and raised concerns over the future of the country, especially the path of leaving the European Union.

The pound plunged more than 2.2 percent versus the U.S. dollar, tumbling to the lowest level since April 18 on the back of a sharp drop for the ruling Conservative Party and gains for the opposition Labour Party.

A hung parliament was officially produced after the Conservatives only won 315 seats out of 650 seats, short of the 326 seats needed for a majority. Opposition Labour snapped up 261 seats, followed by the Scottish National Party at 35 and the Liberal Democrats at 12 seats.

A hung parliament, where no single party has a majority of seats in the House of Commons, is weighing down the British Pound as the ruling Conservative Party will have no choice but relying on smaller parties to govern if it does not want their legislation to be voted down.

With Brexits talks are due to start in less than two weeks, it remains unclear who would form the next government while markets fear that negotiations on leaving the European Union will be delayed.

Trade suggestion

Buy Digital Put Option from 1.27000 to 1.26500 valid until 20:00 GMT June 09, 2017

 

[Option_Banque]

Daily Report on June 09, 2017 by Option Banque

Daily Report on June 09, 2017



U.K. stocks jumped the most among developed markets while the Sterling slumped against all of its major rivals on Friday after the unexpected election result for Prime Minister Theresa May, which left no single party with a clear claim to power, threw Britain into fresh political turmoil and raised concerns over the future of the country, especially the path of leaving the European Union.

The FTSE 100 Index rallied 1.2 percent, the most since April while the Stoxx Europe 600 Index added 0.3 percent. In Asian session, Japan’s Topix index inched 0.1 percent higher while the Nikkei 225 Stock Average soared 0.5 percent. Singapore’s Straits Times Index also added 0.5 percent while South Korea’s Kospi index surged 0.8 percent.

By contrast, Hong Kong’s Hang Seng index and the Hang Seng China Enterprises Index lost 0.2 percent and 0.6 percent, respectively. The Shanghai Composite added 0.3 percent after data showed China’s producer price gains moderated in May. China’s producer price index was reported to rise 5.5 percent last month from a year earlier, following a rise of 6.4 percent in April. Consumer price index climbed 1.5 percent.

The pound plunged more than 2.2 percent versus the U.S. dollar, tumbling to the lowest level since April 18 on the back of a sharp drop for the ruling Conservative Party and gains for the opposition Labour Party. A hung parliament was officially produced after the Conservatives only won 315 seats out of 650 seats, short of the 326 seats needed for a majority.

With Brexits talks are due to start in less than two weeks, it remains unclear who would form the next government while markets fear that negotiations on leaving the European Union will be delayed.



Technicals

USDCHF



USDCHF has broken out of a significant level at 50.0% Fibonacci retracement after having brought its price action above two MAs. As can be seen from the index chart, RSI index kept on surging, indicating a strengthening uptrend. ADX is also marching higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 0.97200 to 0.97700 valid until 20:00 GMT June 09, 2017



EURAUD


EURAUD is facing a firm support at 1.48300 where it had to reverse higher earlier this week. With RSI at as low as 32.09 and pointing down, the market seems to be dominated by the bearish force. Under downward pressure from two MAs, the pair is expected to breach this stance and test another strong support at 38.2% Fib.

Trade suggestion

Buy Digital Put Option from 1.48200 to 1.47600 valid until 20:00 GMT June 09, 2017



WTI


WTI crude prices edged lower on Friday, extending their downward rally to a third day in a row. The commodity remained weak under the pressure from two MAs that are hanging above the price action. While RSI index has fallen into the oversold zone, ADX index is rallying with a widening gap between the –DI and –DI lines, crude price is expected to head lower towards a support at 38.2% Fib.

Trade suggestion

Buy Digital Put Option from 45.30 to 44.30 valid until 20:00 GMT June 09, 2017



SILVER


Silver reversed lower after hitting a dynamic resistance at the short-term MA20 following a correction on Thursday when the metal price action fell below both MAs. A support at 17.150 is within the sight with both indices confirming the downtrend. While the ADX is heading higher, RSI is sliding to as low as 35.87.

Trade suggestion

Buy Digital Put Option from 17.300 to 17.150 valid until 20:00 GMT June 09, 2017

 

[Option_Banque]

Sp500 signal by Option Banque

U.S. Shares Tumble For a Second Day As Tech Stocks Extend Losses

U.S. stock market stumbled on Monday, losing ground for a second straight session as sharp declines in shares of technology companies weighed down overall performance.

While the tech-heavy Nasdaq Composite Index dropped 1.05 percent following a decline of 1.8% on Friday, the S&P 500 index shed more than 0.4 percent with seven out of the benchmark’s 11 sectors trading lower.

The selloff in technology stocks showed no signs of slowdown with shares of the top-five tech leaders which are Facebook, Amazon , Apple, Microsoft and Alphabet all in negative zone. Especially, shares of Apple plunged 3.66 percent after their shares were downgraded for the second time in a week.

The technology sector led losses, down 1.2%, while telecom and energy shares were up 0.9%.

Trade suggestion

Buy Digital Put Option from 2430.00 to 2415.00 valid until 20:00 GMT June 12, 2017

 

[Option_Banque]

GBPUSD Trade Idea by Option Banque

Brexit Talks Around The Corner, Sterling Extends Downward Rally Amidst Rising Political Turmoil

British Pound slumped against all of its peers on Monday, extending its losses on Friday further as the currency was weighed down by concerns over the next leader of the country.

The pair GBPUSD lost more than 0.5 percent to trade around $1.2681, heading towards the lowest level since April 18th reached last Friday. Sterling lost ground amidst political turmoil for U.K. Prime Minister Theresa May. The PM left her Conservative Party without control of the House of Commons after Thursday’s snap election as it failed to win the minimum 326 seats needed to hold a parliamentary majority.

A hung parliament left investors cautious about the U.K.’s path on Brexit negotiations as the talks are scheduled to begin in a week. According to latest reports, May is seeking a coalition with Northern Ireland’s Democratic Unionist Party, which holds 10 seats, to form a new government. However, no agreement has been struck yet.

The prime minister herself is facing calls to step down from her post as she could not strengthen her party’s hand by calling the snap election mid-April. PM May is scheduled to have a meeting with lawmakers on Monday.

Trade suggestion

Buy Digital Put Option from 1.26700 to 1.26300 valid until 20:00 GMT June 12, 2017

 

[Option_Banque]

Daily Report on June 12, 2017 by Option Banque

Daily Report on June 12, 2017



Asian shares were mixed on Monday with stocks of technology companies stumbling after Friday’s selloff in U.S. technology equities. Shares of Samsung Electronics Co. led declines, slumping 1.7 percent and sending South Korea’s Kospi down 0.8 percent. Hong Kong’s Hang Seng index and Shanghai Composite index also retreated, dropping 0.6 percent and 0.1 percent, respectively.

While the Nikkei 225 Stock Average shed 0.4 percent, Japan’s Topix rose 0.2 percent. According to Japan Cabinet Office, the country’s core machinery orders fell more than expected in April. The figure dropped 3.1 percent from a month earlier, well above economists’ expectation calling for a decline of 1.3 percent. This was the first drop in three months, adding concerns about the country's fragile economic recovery.

Markets in Australia, Malaysia and the Philippines are closed for public holidays on Monday.

As stated by the credit card firm Visa, British consumers cut their spending for the first time in nearly four years last month. Consumer spending in May was reported to decline by 0.8 percent compared to the same month in 2016. This marked the first year-on-year fall since September 2013. On a monthly basis, sales fell by 1.9 percent.

Crude oil futures rose on Monday after Russia's energy minister Alexander Novak on Sunday said that he the oil market is expected to balance in the first quarter of next year on hope that global inventories will fall to a five-year average.



Technicals

USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD reversed lower following a correction as the currency pair has been under downward pressure from two MAs lingering above the price action. The pair is facing a strong support at 1.34400 again after consistently rebounded after hitting this stance. RSI remains under the 50 line while ADX index is soaring, suggesting a strengthening bearish momentum. Further declines are expected.

Trade suggestion

Buy Digital Put Option from 1.34400 to 1.33900 valid until 20:00 GMT June 12, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver has been tracing a downtrend after having failed to cross over a resistance at 50.0% Fibonacci level. The precious metal extended its downward rally to a fourth day in a row, sending the price to the lowest level since June 02nd. RSI has fallen into the oversold zone while ADX index continues to edge higher, indicating a dominating bearish force in the market.

Trade suggestion

Buy Digital Put Option from 17.100 to 16.990 valid until 20:00 GMT June 12, 2017



COFFEE


Fig: COFFEE H4 Technical Chart

Coffee has been trading sideways in a narrow range. The commodity failed to break out of a resistance at 128.50 and has been depressed by both long-term and short-term MAs. RSI retreated from the central line, suggesting a stronger downtrend. The commodity price is expected to trade lower and may test a support at 123.50.

Trade suggestion

Buy Digital Put Option from 126.00 to 123.50 valid until 20:00 GMT June 12, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

After a gap down at the open, natural gas keeps trading in a narrow range below a significant resistance at 38.2% Fibonacci retracement. The RSI is flat at around 37, showing a bearish-dominated market. The short-term MA20 has crossed over the long-term MA50, signaling further drop in the prices.

Trade suggestion

Buy Digital Put Option from 3.000 to 2.970 valid until 20:00 GMT June 12, 2017



NASDAQ



Fig: NASDAQ H4 Technical Chart

Nasdaq index continued to inch lower after having gapped down at the close. The stock benchmark index fell below a support at 5721.00 – which had been a firm resistance in the past. Although RSI index has entered the oversold territory, ADX is marching higher, showing a strengthening force by sellers in the market. A support at 5660.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 5710.00 to 5660.00 valid until 20:00 GMT June 12, 2017

 

[Option_Banque]

GBP/AUD signal by Option Banque

From 1.69500
Till 1.70200

Buy Option Digital
Direction Call
Expiry GMT 21:00 12/06/2017

 

[Option_Banque]

Daily Report on June 13, 2017 by Option Banque

Daily Report on June 13, 2017



Global shares advanced on Tuesday thanks to an ease in the selloff in technology shares. The Stoxx Europe 600 Index climbed 0.4 percent, reversing higher from a decline of 0.1 percent on Monday. Australian shares led gains in Asian session, soaring 1.7 percent with energy and financial shares topping the market as investors returned from a holiday.

Japan’s Topix rose 0.1 percent while South Korea’s Kospi added 0.7 percent. Hong Kong’s Hang Seng index and Shanghai Composite Index also found themselves trading in positive territory, jumping 0.4 percent both. Futures on the S&P 500 Index added 0.2 percent.

The Canadian dollar continued to soar on Tuesday after having touched the strongest level in about two months versus the dollar in the previous session. The loonie was supported by rising possibility that interest rates might go up sooner than expected.

The pair USDCAD nose-dived by more than 0.3 percent on Tuesday to trade around C$1.3285 per dollar – the lowest level since April 17th, following a drop of more than 1 percent on Monday. Canadian dollar got a lift after Bank of Canada senor deputy governor Wilkins, during her speech late Monday, said that a rate hike could come sooner than anticipated.

U.S. Federal Reserve's two-day policy meeting set to start later on Tuesday. The central bank is widely expected to raise interest rates for the second time since the start of this year, raising its fed funds target range by a quarter points to a range between 1.0-1.25 percent. Investors will also be watching for any fresh hints on the pace of further tightening in the months to come and on the Fed's plans for trimming its balance sheet which might be revealed in a 30-minute press conference of Fed Chair Janet Yellen following the rate decision.



Technicals

CADCHF


Fig: CADCHF H4 Technical Chart

CADCHF has been struggling around a resistance at 0.72900 – a stance which had been a strong support for the pair in mid-May. Recent steep up moves have sent the market into the overbought zone and caused the price to fall into a consolidation. In the event of continual upbeat trade, the pair is expected to hit another strong level at 0.73400.

Trade suggestion

Buy Digital Call Option from 0.73000 to 0.73400 valid until 20:00 GMT June 13, 2017



SUGAR



Fig: SUGAR H4 Technical Chart

Sugar failed to maintain its bullish momentum after having breached the short-term MA20. The commodity had to retreat from as high as 14.52 and has fallen below the MA20 again. RSI rebounded from the 50 line and is heading lower, signaling further declines. Sugar may attempt a support at 13.30.

Trade suggestion

Buy Digital Put Option from 13.80 to 13.30 valid until 20:00 GMT June 13, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold futures prices have been trading sideways to lower under the downward pressure exerted by two MAs hanging above the price action. The short-term MA20 has breached the long-term MA50 from above, indicating a strengthening downtrend. RSI remained at low level, signaling further declines.

Trade suggestion

Buy Digital Put Option from 1263.00 to 1257.00 valid until 20:00 GMT June 13, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver has been tracing a sharp downtrend which helped the metal’s price to beach a firm support at 16.990 and sent the market into an oversold zone. Silver, however, is likely to extend its down moves as ADX index is soaring strongly with a widening gap between –DI and +DI lines. A support at 16.670 is within the sight.

Trade suggestion

Buy Digital Put Option from 16.800 to 16.670 valid until 20:00 GMT June 13, 2017



DAX 30



Fig: DAX 30 H4 Technical Chart

As can be seen from the price chart, Germany’s DAX 30 index has been supported by a couple of MAs. The stock benchmark index gapped up on Tuesday and looks set to soar higher as the market has jumped in the bullish zone, as indicated by the RSI index. ADX index is edging higher, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 12750.00 to 12840.00 valid until 20:00 GMT June 13, 2017



NASDAQ 100



Fig: NASDAQ 100 H4 Technical Chart

NASDAQ 100 index jumped higher at the open on Tuesday and is facing a strong resistance at 5723.00 where the stock benchmark index had to give up its strength and rebounded lower. RSI has risen from the oversold zone while the +DI line has converged with the –DI line from below. A resistance at 5785.00 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 5725.00 to 5785.00 valid until 20:00 GMT June 13, 2017

 

[Option_Banque]

USDCAD trade idea by Option Banque

Canadian Dollar Continues to Soar on Support from BOC’s Senior Official’s Hawkish Comments

The Canadian dollar soared on Tuesday after having touched the strongest level in about two months versus the dollar on Monday. The loonie was supported by rising possibility that interest rates might go up sooner than expected.

The pair USDCAD nose-dived by more than 0.3 percent on Tuesday to trade around C$1.3285 per dollar – the lowest level since April 17th, following a drop of more than 1 percent on Monday. Canadian dollar got a lift after Bank of Canada senor deputy governor Wilkins, during her speech late Monday, said that a rate hike could come sooner than anticipated.

On the other hand, the dollar held steady against a basket of currencies as investors were awaiting the U.S. Federal Reserve’s two-day policy meeting starting set to start later on Tuesday. The central bank is widely expected to raise interest rates for the second time since the start of this year, rising its fed funds target range by a quarter point to a range between 1.0%-1.25%.

Investors will also be watching for any fresh hints on the pace of further tightening in the months to come and on the Fed’s plans for trimming its balance sheet which might be revealed in a 30-minute press conference of Fed Chair Janet Yellen following the rate decision.

Higher rates could boost the dollar, sending the greenback higher against its rivals, including the loonie.

There will be no economic data for the Canadian dollar on Tuesday but the U.S. Bureau of Labor Statistics is scheduled to release data on Producer Price Index for May which is forecast to remain unchanged on a monthly basis.



Fig: USDCAD D1 Technical Chart

USDCAD has declined for a third session in a row. The downward rally has sent the pair below a significant support at 38.2% Fibonacci level while the short-term DMA20 has crossed the long-term DMA50 from above, which indicates a strong bearish momentum in the market. ADX is soaring with a widening gap between the -DI and +DI lines. The pair is expected to edge lower and may test a support at 1.32200 – the lowest level since April 13.

Trade suggestion

Buy Digital Put Option from 1.32800 to 1.32400 valid until 20:00 GMT June 13, 2017

 

[Option_Banque]

EUR/JPY signal by Option Banque

From 123.700
Till 124.200

Buy Option Digital
Direction Call
Expiry GMT 21:00 13/06/2017

 

[Option_Banque]

Daily Report on June 16, 2017 by Option Banque

Daily Report on June 16, 2017



Asian stocks were mixed on Friday with the MSCI Asia Pacific Index little changed. Despite of being weighed down by technology shares which caused the sector to drop 0.2 percent, overall performance was supported by gains in Japanese Yen which strengthened on the back of a weak currency. Crude futures prices held losses, continuing to trade at a seven-month low.

Japan’s Topix jumped 0.5 percent, erasing its loss for the week with the reversal into trading higher of shares of SoftBank Group Corp. Equities of the Japanese multinational telecommunications and Internet corporation jumped 2.8 percent, snapping a four-day downward rally. Australia’s S&P/ASX 200 Index advanced 0.4 percent while Hong Kong’s Hang Seng index and Singapore’s Straits Times Index also traded higher. The Shanghai Composite Index, however, lost 0.2 percent.

Meanwhile, the BOJ will conclude its two-day meeting today with markets expecting that the central bank would leave policy settings alone as Japan's consumer price growth is still far from the bank's 2% inflation target. The focus will be on Governor Haruhiko Kuroda’s press conference which comes after the results of the meeting.

Investors were waiting for clues from the BOJ’s Governor about an eventual exit from stimulus after the central bank upgraded its assessment of the economy from "recovery" to "expansion" at its last meeting in April. That was the first upgrade in the last nine years after BOJ considered improving exports and domestic consumption.



Technicals

GBPCHF



Fig: GBPCHF H4 Technical Chart

GBPCHF has been tracing an uptrend which brought its price action above a couple of MAs. The currency pair is struggling around a significant stance at 23.6% Fibonacci level. Both ADX and RSI index are on a rise, suggesting a strong bull is dominating the market. A resistance at 1.25300 is within the sight.

Trade suggestion

Buy Digital Call Option from 1.24700 to 1.25300 valid until 20:00 GMT June 16, 2017



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD has been on a sharp downtrend after having broken out of a period of moving sideways around an importance stance at 23.6% Fibonacci level. Under downward pressure from two MAs that are hanging above the price action, the pair is anticipated to test a support at 38.2% Fib. While ADX is surging vigorously with a widening gap between –DI and +DI lines, RSI index is edging lower, confirming the downtrend.

Trade suggestion

Buy Digital Put Option from 1.46700 to 1.46200 valid until 20:00 GMT June 16, 2017



NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY extended its uptrend to a fourth day in a row – surging to the highest since early-March on Friday. The pair has officially broken out of a significant level at 50.0% Fibonacci level and surpassed a high at 79.992 reached on Wednesday. Both RSI and ADX indices are edging higher, which suggests further advances.

Trade suggestion

Buy Digital Call Option from 80.200 to 80.650 valid until 20:00 GMT June 16, 2017



SILVER



Fig: SILVER H4 Technical Chart

Silver prices have been struggling around a support at 16.710 – the stance that the precious metal failed to breach on Tuesday. The metal’s prices have been depressed by both long-term MA50 (which forced the price reversed lower at as high as 17.348) and short-term MA20. RSI remained at low level, signaling further declines.

Trade suggestion

Buy Digital Put Option from 16.700 to 16.550 valid until 20:00 GMT June 16, 2017



GOLD


Fig: GOLD H4 Technical Chart

Under the pressure from two moving averages, gold futures fell below a Fibonacci retracement at 23.6%. The precious metal fell into a consolidation following sharp down moves but seems to extend its downtrend with RSI index heading lower while ADX index is on a rise. A support at 1246.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 1252.00 to 1246.00 valid until 20:00 GMT June 16, 2017



DAX



Fig: DAX 30 H4 Technical Chart

Germany’s DAX 30 has been moving in an upward slopping trading range with higher lows and higher highs formed along the way. The price reversed lower after having nearly hit the lower boundary in Thursday. While RSI is inching higher, the stock benchmark index is expected to test a resistance 12830.00.

Trade suggestion

Buy Digital Call Option from 12710.00 to 12830.00 valid until 20:00 GMT June 16, 2017

 

[Option_Banque]

DAX30 Trade Idea by Option Banque

DAX 30 Index Reverses Higher As Shares of Auto Makers Jump

German shares advanced on Friday, reversing higher after a slump on the previous session. The stock benchmark DAX 30, which tracks the performance of the 30 largest companies trading on the Frankfurt Stock Exchange, added nearly 0.5 percent with gains from shares of auto makers.

The European Automobile Manufacturers’ Association on Friday reported that new car sales in the European Union rose 7.6% in May to 1.39 million in the EU in May from 1.29 million recorded one year ago. The sales rise in western Europe was reported to be most pronounced in Germany and Spain. In Germany, the EU’s biggest car market, car sales rose 12.9%.

The report triggered a sharp gain in shares of auto makers. Shares of BMW AG added 0.7% in Frankfurt while those of Daimler AG advanced by nearly 0.5 percent.

Trade suggestion

Buy Digital Call Option from 12760.00 to 12830.00 valid until 20:00 GMT June 16, 2017

 

[Option_Banque]

USDJPY Market Outlook by Option Banque

Japanese Yen Slumps Ahead of BOJ’s Rate Decision, Fed’s Rate Hike Continues to Support Dollar

Japanese Yen extended losses against its American counterpart on Friday after having suffered the biggest one-day decline in the previous session. While the Yen was awaiting the Bank of Japan’s rate decision, the dollar continued to strengthen on the back of following the Federal Reserve’s decision to raise interest rates.

The pair USDJPY rose nearly 0.2 percent to trade around 111.13 on Friday after dropping 1.2 percent in Thursday’s session – the most since January. The U.S. central bank on Wednesday lifted its benchmark interest rate to between 1% and 1.25% and said it would gradually shrink its massive $4.5 trillion balance sheet.

Meanwhile, the BOJ will conclude its two-day meeting today with markets expecting that the central bank would leave policy settings alone as Japan’s consumer price growth is still far from the bank’s 2% inflation target. The focus will be on Governor Haruhiko Kuroda’s press conference which comes after the results of the meeting.

Investors were waiting for clues from the BOJ’s Governor about an eventual exit from stimulus after the central bank upgraded its assessment of the economy from “recovery” to “expansion” at its last meeting in April. That was the first upgrade in the last nine years after BOJ considered improving exports and domestic consumption.

Later on the day, U.S. Census Bureau is due to report data on Building Permits for May, which is expected to point to a rise of 1.25 million permits issued last month after an unexpected slump in April. Data on housing starts is also anticipated to show an increase of 1.23 million units in May. In the month before, housing starts decreased by 2.6% from March to hit a seasonally adjusted 1.172 million units.

U.S. data released on Friday also features reports on Consumer Sentiment, Labor Market Conditions and Inflation Expectations published by University of Michigan.

Fig: USDJPY H4 Technical Chart

USDJPY has been tracing a strong uptrend after rebounding from as low as 108.810. The price action has not only breached both the short-term and long-term MAs from below but has also broken out of a firm resistance at 23.6% Fibonacci level – where it had to reverse lower last Friday. Both ADX and RSI indices are soaring strongly, suggesting a strengthening bullish momentum in the market. Further advances are expected.

Trade suggestion

Buy Digital Call Option from 111.200 to 111.600 valid until 20:00 GMT June 16, 2017

 

[Option_Banque]

NZD/USD signal by Option Banque

From 0.72350
Till 0.72750

Buy Option Digital
Direction Call
Expiry GMT 21:00 16/06/2017

 

[Option_Banque]

Daily Report on June 19, 2017 by Option Banque

Daily Report on June 19, 2017



Asian shares rose on Monday with Japanese equities supported by a weaker Yen. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent while Japan's Nikkei jumped 0.6 percent. The yen declined 0.1 percent versus the dollar after a report published by the Ministry of Finance showed that the country’s trade balance fell unexpectedly last month.

According to the data released earlier on Monday, Japan’s trade balance fell to a seasonally adjusted 0.13T in May from 0.16T in April. As stronger-than-expected imports overpowered the continued growth in exports, the result missed analysts’ expectation calling for a rise to 0.35T last month.

Australia’s S&P/ASX 200 Index climbed 0.5 percent and South Korea’s Kospi index gained 0.6 percent while Chinese shares jumped 0.55 percent. Hong Kong's Hang Seng advanced 0.85 percent. Investors were awaiting a decision from index compiler Morgan Stanley Capital International, or MSCI, which will be announced after markets close in New York on Tuesday, on whether to include Chinese-listed stocks, or so-called A-shares, in its widely tracked Emerging Markets Index.

Crude oil retreated on Monday, hovering near the lowest level since November on the back of a continuing expansion in U.S. drilling. The U.S. oil rig count was reported to continue to rise, up by 6 last week. The rise extended the upward rally to a 22nd in a row, adding concerns over high global supplies despite an OPEC-led initiative to cut production to tighten the market.



Technicals

GOLD



Fig: GOLD H4 Technical Chart

Gold continued to move sideways below a resistance at 23.6% Fibonacci retracement on Monday. Under downward pressure from two MAs which are hanging above the price action, gold not only failed to break out of the Fib. level but also appears to trade lower. A support at 1246.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 1251.00 to 1246.00 valid until 20:00 GMT June 19, 2017



COPPER



Fig: COPPER H1 Technical Chart

Copper’s price action has crossed over a couple of MAs for the first time since it dropped below these two stances last Monday. A reversal into an uptrend is expected as the RSI index has entered the bullish zone and has surged to as high as 60.3475. The metal’s price is expected to test a resistance at 2.6000.

Trade suggestion

Buy Digital Call Option from 2.5750 to 2.6000 valid until 20:00 GMT June 19, 2017



SP500



Fig: SP500 H1 Technical Chart

SP500 index fell into a consolidation after a sharp rise on Friday which brought the price action above both the long-term and short-term MAs. With the support from two MAs hanging below the price action, the stock index is expected to extend its upward rally to test a resistance at 2445.00.

Trade suggestion

Buy Digital Call Option from 2439.00 to 2445.00 valid until 20:00 GMT June 19, 2017



DAX


Fig: DAX H4 Technical Chart

DAX 30 index has been trapped in an upward slopping trading range and has been tracing an uptrend following a rebound from the lower boundary. The price action has been struggling with a couple of MAs but further advances are expected as the RSI index which has surpassed 50 indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 12770.00 to 12830.00 valid until 20:00 GMT June 19, 2017

 

[Option_Banque]

Trade Signals by Option Banque

Led by Gains in Commodity and Retail Shares, FTSE 100 Trades Higher

U.K. shares climbed on Monday with broad-based gains led by commodity shares and retailers. The stock benchmark index FTSE 100 added more than 0.6 percent after hitting an intra-day high at 7527.95 as gains were encountered by a strong British Pound.

All sectors gained on London Stock Exchange, led by oil and gas and consumer-goods shares. Miners Anglo American PLC and Rio Tinto PLC topped the market. While the former jumped 1.61 percent, the latter moved up 1.4%.

Retail shares recovered after a selloff in the previous session. Shares of J Sainsbury PLC and Marks & Spencer Group PLC jumped around 2 percent each.

The British pound held on gains on Monday. Investors are eagerly awaiting the start of Brexit negotiations between Britain and the European Union in Brussels on Monday, kicking off a two-year divorce process due to end by March 2019. Key subjects to be negotiated include how the U.K. will trade with the EU once it leaves the bloc and the status of EU nationals and Britons living elsewhere in the EU.

Trade suggestion

Buy Digital Call Option from 7515.00 to 7545.00 valid until 20:00 GMT June 19, 2017

************************************

Global Shares Advance, Dow Hits Record, Gold Hovers Near One-month Lows

Gold futures prices traded lower on Monday as stock markets in the U.S. followed strength across global equities which witnessed gains in European and Asian benchmarks.

Gold futures for August delivery dropped 0.5 percent to trade around $1250.00 per ounce – hovering near one-month lows recorded last Friday. The precious metal extended its downward rally to the fourth day in a row and experienced losses in eight out of the last nine sessions.

All three major U.S. stock benchmarks soared on Monday with the Dow hitting a record as technology shares rebounded from a recent bout of sharp weakness. The Dow Jones Industrial Average jumped nearly 0.5 percent, hitting an all-time high of 21,490.00. The S&P 500 SPX jumped nearly 0.7 percent while the the Nasdaq Composite Index edged more than 1 percent higher.

Trade suggestion

Buy Digital Put Option from 1248.00 to 1243.00 valid until 20:00 GMT June 19, 2017

***************************************

USD/CHF signal by Option Banque

From 0.97300
Till 0.97700
Buy Option Digital
Direction Call
Expiry GMT 21:00 19/06/2017

 

[Option_Banque]

Daily Report on June 20, 2017 by Option Banque

Daily Report on June 20, 2017



Encouraged by rebound in U.S. hi-tech shares which helped the Nasdaq 100 Index jump​ the most since November, equity rally extended to Asia. The Yen dropped more than 0.2 percent against its American counterpart to trade around 111.700​ after hitting 111.775 at one point​ -​ the lowest​ level since May 26th.

Asian shares advances with Japan's Nikkei rising more than 1 percent to a near two-year high on Tuesday, causing investors to pour into risky assets instead of playing safe with the safe-haven currency like Yen. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed on Tuesday​ as gains in high-tech firms​ were​ offset by a decline in Australian shares.

Australia’s S&P/ASX 200 Index shed 0.4 percent as shares of the country’s largest banks retreated following ratings downgrades from Moody’s Investors Service. Hong Kong’s Hang Seng Index reversed lower after an earlier gain of 0.5 percent. The Shanghai Composite Index edged up less than 0.1 percent.

Hawkish comments from a Federal Reserve official also helped ease concerns over​ the strength of the world’s largest economy. Speaking on Monday, New York Fed​ President William Dudley said that tightening in the labour market that would boost wages should help drive up inflation.​ Dudley's comments did not only reinforce the message from last week's Fed meeting but also supported expectations for the U.S. central bank to keep raising interest rates in the coming months.

​

Technicals

EURJPY



Fig:​ EURJPY​ H4 Technical Chart

EURJPY has broken out of a slopping downward trend line that connects lower highs and has acted as a resistance since May 25th. The pair has moved sideways to higher since yesterday and helped boost the RSI index to as high as 65.79, which indicates a firm uptrend in the market. ADX index is also rising. A resistance at 50.0% Fibonacci level is within the sight.

Trade suggestion

Buy Digital Call Option from 124.600​ to​ 125.100 valid until 20:00 GMT June 20, 2017



GBPAUD


Fig:​ GBPAUD​ H4 Technical Chart

After a wide gap down on June 09th, the pair GBPAUD fell into a slopping downward trading range with lower highs and lower lows formed along the way. The pair has also been under downward pressure from two MAs that are hanging above the price action which may send the pair​ lower to test a two-month low​ at 1.66800.

Trade suggestion

Buy Digital Put​ Option from 1.67400​ to​ 1.66800 valid until 20:00 GMT June 20, 2017



EURNZD



Fig:​ EURNZD​ H4 Technical Chart

EURNZD has been tracing a downtrend since May 22nd​ which has brought the pair to two-month lows at around 1.53800. Under downward pressure from two MAs which are depressing the price action, the currency pair is anticipated to trade lower with a support at 1.53400 within the sight.

Trade suggestion

Buy Digital Put​ Option from 1.53800​ to​ 1.53400 valid until 20:00 GMT June 20, 2017



NASDAQ 100



Fig:​ NASDAQ 100 Index​ H4 Technical Chart

NASDAQ 100 index closed​ at 5772.50 on Monday, retesting the highest level since June 14th. The price action crossed over the long-term MA50 from below, suggesting a strong uptrend even though the index fell into a consolidation following previously sharp up moves. A resistance at 5816.00 is likely to be tested.​

Trade suggestion

Buy Digital Call Option from 5776.00​ to​ 5816.00 valid until 20:00 GMT June 20, 2017



CAC 40 Index



Fig:​ CAC 40 index​ H4 Technical Chart

France’s CAC 40 index has soared above both short-term and long-term MAs after a gap up on Monday. The stock benchmark index is testing the level 5321.70 again after having to reverse lower at this stance twice since June 08th.​ With RSI and ADX indicators heading upwards, CAC 40 index is expected to test a firm resistance at 5370.00,

Trade suggestion

Buy Digital Call Option from 5325.00​ to​ 5370.00 valid until 20:00 GMT June 20, 2017