Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

Trade Signals by Option Banque

Japanese Yen Tumbles to One-month Lows Versus Dollar after Dudley’s Hawkish Comments

Japanese Yen plunged to nearly one-month lows on Tuesday as U.S. dollar was broadly stronger versus most of its peers. Meanwhile, 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.

Encouraged by rebound in U.S. hi-tech shares which helped the Nasdaq 100 Index jumped 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.

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.

Trade suggestion

Buy Digital Call Option from 111.700 to 112.100 valid until 20:00 GMT June 20, 2017


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NZD/JPY signal by Option Banque
From 81.000
Till 81.450
Buy Digital
Direction Call
Expiry GMT 21:00 20/06/2017

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GBP/AUD signal by Option Banque
From 1.66500
Till 1.66100
Sell Digital
Direction Put
Expiry GMT 21:00 20/06/2017

 

[Option_Banque]

Daily Report on June 21, 2017 by Option Banque

Daily Report on June 21, 2017



Asian shares declined on Wednesday with Australia’s benchmark stocks index leading losses in the region as energy shares tumbled. Australia’s S&P/ASX 200 Index plunged by 1.5 percent, almost erasing its gains for the year as the overall performance was weighed down by shares of energy sector that dropped more than 2 percent. Indeed, shares of BHP Billiton Ltd. and Rio Tinto Ltd. shed at least 2.8 percent.

Whereas, a strengthening Yen sent Japanese’ shares lower as Japan’s Topix declined 0.3 percent, after climbing for three days to the highest level since August 2015. South Korea’s Kospi index also found itself trading in the read, losing 0.6 percent. On Tuesday, U.S. stocks retreated from all-time highs to fall the most in a month on the back of tumbling crude oil futures prices.

Following losses in Wall Street which witnessed the S&P 500 Index lose 0.7 percent for its biggest decline since May 17, Hong Kong’s Hang Seng lost 0.6 percent and the Hang Seng China Enterprises Index fell 0.5 percent.

By contrast, the Shanghai Composite rose 0.2 percent after U.S. index provider MSCI said on Wednesday that it would add a selection of China's so-called "A" shares to its Emerging Markets Index. After a three-year campaign for inclusion in a leading emerging markets benchmark, 222 China A-share stocks will be added into the MSCI index - a leading emerging markets benchmark – from May 2018.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY failed to break out of its current trading range yesterday. The currency pair crossed over the upper boundary but failed to sustain its bullish force. The price is struggling around the long-term MA50 after having penetrated the short-term MA20. RSI has fallen below 50, suggesting a strengthening bearish momentum. A support at 123.200 is within the sight.

Trade suggestion

Buy Digital Put Option from 123.700 to 123.200 valid until 20:00 GMT June 21, 2017



GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD on Tuesday dropped below a firm support at 1.26400 – the level it had to reverse higher on June 9 and June 13. The pair has also been under downward pressure from two MAs hanging above the price action. While RSI is lingering at as low as 28.00, ADX is heading upwards, signaling further down moves.

Trade suggestion

Buy Digital Put Option from 1.26000 to 1.25600 valid until 20:00 GMT June 21, 2017



CAC 40 Index



Fig: CAC 40 Index H4 Technical Chart

CAC 40 index gapped down on Wednesday and brought its price action back below a couple of moving averages. RSI has fallen into the bearish zone while the –DI line crossed over the +DI line from below, suggesting a strong downtrend. The stock benchmark index is expected to test a support at 5175.00.

Trade suggestion

Buy Digital Put Option from 5230.00 to 5175.00 valid until 20:00 GMT June 21, 2017



DAX 30



Fig: DAX 30 H4 Technical Chart

Germany’s DAX 30 index continued to be trapped in a slopping upward trading range with higher highs and higher lows formed along the way. The index gapped up on Tuesday but failed to maintain its bullish momentum and had to reverse lower after hitting the upper boundary. DAX index fell below two MAs on Wednesday, heading towards the lower boundary.

Trade suggestion

Buy Digital Put Option from 12720.00 to 12640.00 valid until 20:00 GMT June 21, 2017

 

[Option_Banque]

Trade Signals by Option Banque

Shares of Adobe Systems Jump to All-time Record High After Upbeat Q2 Earnings Report

Shares of Adobe Systems Inc. jumped more than 4 percent ahead of the opening bell on Wednesday after the company reported last quarter’s earnings results that beat expectation late Tuesday.

Shares of the American multinational computer software company jumped to all-time record high of $147.00 per shares in pre-market trading on Wednesday after having closed the regular session with a 0.4% increase at $140.91 on Tuesday.

Adobe Systems reported earnings per share (EPS) of $1.02 on sales of $1.77 billion for its fiscal second quarter, which was above the Wall Street consensus estimate of $0.95 for EPS and of $1.73 billion for sales. Revenues rose 26.7% from the same quarter last year.

The San Jose, CA-based software giant claimed net income of $374.4 million, or 75 cents a share for the last quarter. Adobe forecast EPS of around $1.00 and revenues of $1.815 for the current quarter, which topped Wall Street estimates of $0.97 for Q3 EPS and $1.8 billion for revenues.

Trade suggestion

Buy Digital Call Option from 147.000 to 148.000 valid until 20:00 GMT June 21, 2017

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Larger-Than-Expected Decline in U.S. Supplies Fails To Support WTI Crude Futures

U.S. crude futures price reversed lower after having briefly spiked following U.S. government data that showed domestic crude supplies fell more than expected.

August West Texas Intermediate crude lost around 0.1 percent in North American trading session after having jumped to as high as $44.170 per barrel. Data released by the U.S. Energy Information Administration on Wednesday showed U.S. crude stockpiles fell by 2.5 million barrels for the week ended June 16, topping analysts’ expectation calling for a decline of 2 million barrels.

However, EIA’s data failed to support the price due to rising concerns over a renewed glut in global supply. U.S. explorers have been boosted the number of rigs drilling for oil. Indeed, 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.

Trade suggestion

Buy Digital Put Option from 43.300 to 43.000 valid until 20:00 GMT June 21, 2017

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EUR/GBP signal by Option Banque

From 0.88000
Till 0.88400

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

 

[Option_Banque]

Daily Report on June 22, 2017 by Option Banque

Daily Report on June 22, 2017



Asian shares​ advanced on Thursday after a Wednesday’s declines. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent.​ Australia’s S&P/ASX 200 Index jumped 0.6 percent. The index tumbled​ 1.6 percent on Wednesday to erase its gain for the year.​ While​ Japan’s Topix was little changed,​ Japan's Nikkei fell 0.1 percent.​

South Korea’s Kospi index climbed​ 0.2 percent.​ The Hong Kong’s Hang Seng index and the Shanghai Composite Index both edged higher, adding 0.2 percent and 0.7 percent, respectively. The CSI 300 Index,​ which includes​ 222 China A-share stocks slated to be added into the MSCI index from May 2018, extended gains after jumping 1.2 percent on Wednesday to the highest close since December 2015.

The Reserve Bank of New Zealand on Thursday decided to leave interest rates at a record low 1.75 percent as widely expected. The New Zealand dollar edged higher​ after​ Graeme Wheeler, the central bank’s governor, said that headline inflation was expected to rise to the midpoint of the bank’s target band in the medium term, given wage and non-tradable inflation that may increase gradually.

Crude oil futures prices struggled for direction on Thursday. West Texas oil shed​ 0.2 percent to $42.44 a barrel​ after climbing as much as 0.5 percent earlier. Brent crude plunged below $45 per barrel. Both international benchmarks lost more than 2.3 percent in​ the previous session.



Technicals

NZDUSD



Fig:​ NZDUSD H1​ Technical Chart

NZDUSD fluctuated widely in early trade on Thursday and has broken out of a shrinking trading range with lower highs and higher lows formed along the way. The price action also crossed over two MAs from below, suggesting an emerging bullish force in the market. RSI is edging higher which signals upcoming upbeat moves.​

Trade suggestion

Buy Digital Call Option from 0.72570​ to​ 0.72970 valid until 20:00 GMT June 22, 2017



EURGBP



Fig:​ EURGBP​ H4 Technical Chart

EURGBP has been supported by two moving averages that are lingering below the price action. The short-term MA20 has penetrated the long-term MA50 from below, which indicates a strengthening uptrend. Two indices which are RSI and ADX are rising, signaling further up moves.

Trade suggestion

Buy Digital Call Option from 0.88200​ to​ 0.88600 valid until 20:00 GMT June 22, 2017



BRENT



Fig:​ BRENT​ H4 Technical Chart

Brent crude price has been under downward pressure exerted from two MAs,​ which​ are hanging​ above the price action, since the pair fell below these two stances on May 25th. The price entered a period of correction after previous sharp down moves which sent the market into the oversold zone. With sellers dominating the market, Brent crude price is expected to test a low at 43.550 – the lowest level since November 14th, 2016.

Trade suggestion

Buy Digital Put​ Option from 44.550​ to​ 43.550 valid until 20:00 GMT June 22, 2017



NASDAQ 100



Fig:​ NASDAQ 100 Index​ H4 Technical Chart

U.S. NASDAQ 100 index extended gains after having penetrated two MAs from below, sustaining its bullish momentum. The stock benchmark index is struggling at a significant resistance at​ 5800.00​ – where it fell into a consolidation three weeks ago. Both ADX and RSI are on a rise,​ not to mention a widening gap between +DI and –DI lines,​ signaling further advances.

Trade suggestion

Buy Digital Call Option from 5800.00​ to​ 5840.00 valid until 20:00 GMT June 22, 2017

 

[Option_Banque]

Trade Signals by Option Banque

Shares of Oracle Take Off 10% After Upbeat Fiscal Q4 Earnings Report and Rosy Outlook for 2018

Shares of Oracle Corp. jumped sharply more than 10 percent in after-hours trading on Wednesday after the Redwood Shores, California-based company reported its fiscal fourth-quarter earnings that beat expectations.

For the final quarter in its 2017 fiscal year, the computer technology corporation posted net income of $3.23 billion, or 76 cents a share. Adjusted for one-time items, the software giant reported profit of 89 cents a share on sales of $10.89 billion, which topped analysts’ forecast for earnings of 78 cents a share on revenue of $10.46 billion.

Shares of Oracle soared 10.3 percent to trade at $51.10 per share after closing the regular trading session 1.07 percent higher. After two years witnessing declines in profit and revenue, Oracle posted full-year revenue growth of 1.8% and profit growth of 4.9%. Growth in the current fiscal quarter, which began June 1, is anticipated to jump even more which may boost full-year sales to growth at the pace from 4% to 6%.

Trade suggestion

Buy Digital Call Option from 51.10 to 52.00 valid until 20:00 GMT June 22, 2017


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Canadian Dollar Rallies Verus the Greenback after April Retail Sales Beat Forecast

The Canadian dollar rallied against its American counterpart in North American trading on Thursday after a report showed retail sales in the country grew at a faster pace than expected in April.

The currency pair USDCAD dropped more than 0.8 percent to trade around C$1.320 per dollar, reversing lower after heading upwards for three days in a row. The loonie jumped sharply higher after Statistics Canada on Thursday reported that retail sales rose 0.8 per cent in April compared to the previous month. The result topped analysts’ expectations for a 0.2 percent gain on a monthly basis and also beat the 0.5 per cent advance recorded in March.

Core retail sales, which exclude auto and car parts related sales, were reported to soared 1.5 percent during the period. Upbeat April’s reading not only marked a reversal into an uptrend after a drop of 0.1 percent in March but also helped bolster optimism over the economy and strengthen the case of the Bank of Canada raising interest rates.

Trade suggestion

Buy Digital Put Option from 1.32200 to 1.31700 valid until 20:00 GMT June 22, 2017


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AUD/CAD signal by Option Banque

From 0.99700
Till 0.99400
Sell Option Digital
Direction Put
Expiry GMT 21:00 22/06/2017

 

[Option_Banque]

Daily Report on June 23, 2017 by Option Banque

Daily Report on June 23, 2017



Asian shares were flat on Friday after U.S. stocks closed mixed on yesterday’s session. A surge came to health care stocks on Wall Street as investors were waiting for the unveiling of Senate’s health care bill, which aims to repeal and replace Obamacare.​ At the close in NYSE,​ while the Dow Jones Industrial Average and the S&P 500 index fell around 0.05%, the Nasdaq Composite closed​ up 0.04%.

In Asian trading session, the MSCI's broadest index of Asia-Pacific shares outside Japan was flat but looked set for a weekly gain of 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index were both also flat in the morning session while​ Japan’s Topix fell less than 0.1 percent. By contrast, the Hang Seng China Enterprises Index of mainland firms trading in Hong Kong​ and the Hang Seng Index added​ 0.6 percent​ and​ 0.2 percent,​ respectively.

U.S. Senate Republicans on Thursday unveiled a 142-page proposal which aims to roll back former President Barack Obama's signature healthcare law by scaling back aid to the poor and killing a tax on the wealthy. While Democrats are united in opposition, four conservative lawmakers said they could not support the Obamacare replacement bill in its current form.

Elsewhere, according to the Markit,​ Japanese manufacturing activity slowed​ in June due to the fact that​ new orders grew at the slowest pace in seven months. The Markit/Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI) was reported to drop to 52.0 in June from a final 53.1 in May. Although the index remained above 50, which indicates an expansion, for the 10th consecutive month, a weak figure showed a sign of a slight weakening in domestic demand.

​

Technicals

GBPAUD



As can be seen from the price chart, with the support from two MAs which are moving below the price action, the pair GBPAUD has escaped from a slopping downward trading range. The pair broke out of the upper boundary from below and is heading towards a resistance at 1.68700. Further advances are expected as RSI is pointing upward, indicating a dominating bull in the market.

Trade suggestion

Buy Digital Call​ Option from 1.68300​ to​ 1.68700​ valid until 20:00 GMT June 23, 2017



USDCHF


USDCHF has not only fallen below the long-term MA50 but also broken out of an upward slopping trading range which tracks higher highs and higher lows. The breakout signals a reversal into a downtrend. Although ADX is rising while RSI is heading lower, indicating a strengthening bearish force in the market, a firm support at 0.9700 is within the sight.

Trade suggestion

Buy Digital Put Option from 0.97000​ to​ 0.96700​ valid until 20:00 GMT June 23, 2017



SILVER


Silver continued to extend its upbeat moves​ after breaking out a period of moving sideways around a significant level at 61.8% Fibonacci level. The metal has penetrated the short-term MA20 with the support from the long-term MA50. RSI is edging higher. Silver is expected to test a resistance at 16.800.

Trade suggestion

Buy Digital Call​ Option from 16.650​ to​ 16.800​ valid until 20:00 GMT June 23, 2017



FTSE 100


U.K. FTSE 100 index has been tracing a downtrend after reversing lower from a strong resistance at 7545.00. In general, the stock benchmark index has been trapped in a trading range between 7390.00 and​ 7545.00. Under downward pressure from two MAs that are hanging above the price action, the index may retest the lower boundary.

Trade suggestion

Buy Digital Put Option from​ 7420.00​ to​ 7390.00​ valid until 20:00 GMT June 23, 2017

 

[Option_Banque]

Trade Signals by Option Banque

Loonie Holds on Gains Versus Dollar As Oil Rebounds From 10-month Lows


Canadian dollar continued to gain ground versus its American counterpart on Friday after having surged sharply in the previous session. While the greenback dipped to a four-day low against major currencies, the commodity-linked currency, the loonie, held on gains as crude price rebounded.

The pair USDCAD dipped 0.1 percent to trade around 1.3222 in the last session of the week after losing 0.75 percent on Thursday, paring most of its weekly gain.

The U.S. dollar remained weak against most of its rivals ahead of a handful of Fed policymakers that are scheduled to make public appearances later in the day. St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester and Fed Governor Powell are scheduled to deliver comments on Friday with investors awaiting clues on the likelihood of higher interest rates in the coming months.

The dollar index – which measures the greenback against a basket of six major currencies – lost more than 0.2 percent to trade around 97.33 in European trading session. Next week, U.S. calendar features data on June consumer confidence indicator, pending home sales, crude oil inventories, revised first quarter GDP and the PCE price index.

Meanwhile, crude oil futures prices scaled back from 10-month lows which they hit on Wednesday, adding strength to the Canadian dollar which has already been spurred by upbeat data on April retail sales. Brent crude futures added 0.51 percent while U.S. West Texas Intermediate (WTI) crude futures jumped 0.54 percent, at $42.80 per barrel.

Trade suggestion

Buy Digital Put Option from 1.32200 to 1.31700 valid until 20:00 GMT June 23, 2017


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NZD/USD

From 0.72850
Till 0.73200
Buy Option Digital
Direction Call
Expiry GMT 21:00 23/06/2017

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

EUR/JPY

From 124.600
Till 125.000
Buy Option Digital
Direction Call
Expiry GMT 21:00 23/06/2017

 

[Option_Banque]

Daily Report on June 26, 2017 by Option Banque

Daily Report on June 26, 2017



Asian shares advanced on Monday thanks to the fact ​ that technology stocks continued to edge higher while oil climbed for a third straight day in a row after rebounding from a bear market last week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent with technology shares experiencing the biggest advance in the index.

While Japan's Nikkei index and Topix index both​ rose 0.1 percent, South Korea’s Kospi jumped 0.4 percent and Australia’s S&P/ASX 200 Index climbed less than 0.1 percent. Hong Kong’s Hang Seng Index​ was​ also​ on a rise, jumping 0.4 percent. However, Hang Seng China Enterprises Index and Shanghai Composite Index climbed even more, gaining 0.7 percent and 0.5 percent, respectively.

Markets in India, Malaysia, Indonesia, Philippines, Singapore and Bangladesh are closed​ on​ Monday for​ holidays to celebrate the end of Ramadan.

The U.S. dollar remained weak against its major peers on Monday, weighed​ down by fading expectations for the Federal Reserve to raise interest rates higher in the second half of this year.​ The U.S. dollar index, which tracks the strength of the greenback against a basket of six major currencies, was a fraction lower on Monday after having shed 0.4% in the previous session.

Crude oil futures prices jumped more than 1 percent in early trade as investors covered short positions after oil dipped into the bear market last week. While Brent crude futures added 1.1 percent to trade at $46.04 per barrel, U.S. West Texas Intermediate (WTI) crude futures gained 1.0 percent, at $43.45 per barrel.​

However, concerns over a global supply glut will persist due to another rise in U.S. drilling activity. According to data from energy services firm Baker Hughes Inc. late Friday, U.S. energy firms added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2014.



Technicals​

GBPUSD


Fig:​ GBPUSD​ H4 Technical Chart

GBPUSD fell into a consolidation after a small gap up on Monday. The currency pair sustained its bullish momentum to trade above a couple of MAs which it crossed​ over last Friday. Although ADX retreated, RSI is still at high level, indicating a dominating bull in the market. A resistance at 1.28000 is expected to be tested.

Trade suggestion

Buy Digital Call Option from​ 1.27500​ to​ 1.28000 valid until 20:00 GMT June 26, 2017



GOLD


Fig:​ GOLD​ H4 Technical Chart

Gold reversed lower from as high as $1258.00 an ounce – a strong resistance at which the precious metal had to retreat on June 23rd. The price has also dropped below both a firm support at 23.6% Fibonacci level and a dynamic support at the short-term MA20. Gold is struggling at the long-term MA50. However, further declines are expected as RSI has edged down to as low as 45.19 while ADX is heading higher with a widening gap between the –DI and +DI lines.​

Trade suggestion

Buy Digital Put Option from 1253.00​ to​ 1248.00 valid until 20:00 GMT June 26, 2017



Natural Gas



Fig:​ Natural Gas​ H4 Technical Chart

Natural gas futures prices witnessed a sharp gap up on Monday which brought the price to the highest level since mid-June. The price action has also broken out of not only a period of moving sideways above a support at 2.8830 but also a couple of MAs. Both RSI and ADX are rising, signaling further advances. A resistance at 38.2% Fibonacci retracement is within the sight.

Trade suggestion

Buy Digital Call​ Option from 2.9950​ to​ 3.0550​ valid until 20:00 GMT June 26, 2017



NASDAQ 100 Index



Fig:​ NASDAQ 100 index​ H4 Technical Chart

U.S. NASDAQ index has surpassed a firm resistance at 5800.00. This level not only forced the price to reverse lower on June 22nd​ but also pushed the index into a consolidation in late May. With support from two MAs which are lingering below the price action, the stock index is expected to edge higher. Rising ADX and RSI indices are confirming the uptrend.

Trade suggestion

Buy Digital Call​ Option from 5820.00​ to​ 5880.00 valid until 20:00 GMT June 26, 2017

 

[Option_Banque]

Trade Signals by Option Banque

FTSE 100 Index Soars Thanks to A Rebound in Oil Prices and Weak Sterling


U.K. shares jumped steeply on Monday on the back of a rebound in oil prices which boosted stocks of energy companies and mining companies higher while British Pound reversed lower against most of its peers.

The FTSE 100 index added more than 0.6 percent on the first trading session of the week to trade around 7475.00 after having closed at its lowest level since June 15 on Friday.

Shares of energy companies led the overall performance as crude oil prices continued to rebound after a recent selloff. Crude oil futures benchmarks added more than 1 percent, spurring gains in shares of Royal Dutch Shell PLC and BP., which gained 0.5% each.

Shares of mining companies also traded in positive territory. Indeed, equities of Glencore PLC soared 1.07% while those of Rio Tinto PLC and BHP Billiton PLC jumped 0.84% and 1.01%, respectively.

Meanwhile, Sterling lost nearly 0.1 percent after having climbed to one-week high in early trade. According to market sources, investors were waiting for the meeting between the leader of Northern Ireland’s Democratic Unionist Party (DUP), Arlene Foster, and Theresa May, which is expected to help the Prime Minister to form a government with the support of the DUP.

Trade suggestion

Buy Digital Call Option from 7475.00 to 7530.00 valid until 20:00 GMT June 26, 2017


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AUD/NZD

From 1.03850
Till 1.03550
Option Digital
Direction Put
Expiry GMT 21:00 26/06/2017

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

USD/JPY

From 111.700
Till 112.000
Buy Option Digital
Direction Call
Expiry GMT 21:00 26/06/2017

 

[Option_Banque]

Trade Signals by Option Banque

Daily Report on June 27, 2017



Asian shares were mostly higher on Tuesday with Japanese stocks spurred by a weaker yen. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed but Japanese stocks edged towards two-year highs on Tuesday. While Japan’s Topix was up for a third day, Japan's benchmark Nikkei added 0.3 percent as the yen held on losses versus the U.S. dollar.

With exporters benefiting from dollar strength, Japan’s Topix climbed 0.5 percent, poised for the highest closing level since August 2015. Singapore’s Straits Times Index jumped 0.4 percent and South Korea’s Kospi gained 0.3 percent. Hong Kong’s Hang Seng was also on a rise, adding 0.1 percent. By contrast, Australia’s S&P/ASX 200 Index slipped 0.1 percent and the Shanghai Composite Index retreated 0.1 percent.

Crude oil futures extended gains to a fourth consecutive session on Tuesday. Indeed, while U.S. West Texas Intermediate (WTI) crude futures edged 0.3 percent higher to trade at $43.50 per barrel, Brent crude futures also advanced 0.3 percent to trade around $45.97 per barrel in Asian trading session.

Later in the day, Federal Reserve Chair Janet Yellen is scheduled to make public appearance at the British Academy's 2017 President's Lecture in London while the European Central Bank’s forum will continue in Portugal. Clues on changes in policies of major central banks are highly awaited by investors.



Technicals

AUDJPY



Fig: AUDJPY H4 Technical Chart

Australian dollar extended its rally versus the Japanese Yen to a third trading day in a row. Recent up moves not only brought the pair above the 23.6% Fibonacci retracement but also sent the price to a two-and-a-half-month high at 85.050 logged on June 20th. Both RSI and ADX indices are witnessing sharp up moves, indicating a strong bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 85.050 to 85.500 valid until 20:00 GMT June 27, 2017



NZDUSD



Fig: NZDUSD H4 Technical Chart

As supported by a couple of MAs which are moving below the price action, the pair NZDUSD continued to trace an uptrend which has been dominating the market for four trading sessions in a row. The pair retested a high at 0.73050 and is likely to soar to the highest level since February 07th with both RSI and ADX indices on a rise.

Trade suggestion

Buy Digital Call Option from 0.73100 to 0.73500 valid until 20:00 GMT June 27, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

After a wide gap up in early trade on Monday, natural gas price fell into a correction but soon sustained its bullish momentum to jump to as high as 38.2% Fibonacci retracement and send the market into the overbought. This level proved to be a firm resistance where the price had to reverse lower. However, the price is expected to edge higher to test another firm resistance at 3.0800.

Trade suggestion

Buy Digital Call Option from 3.0400 to 3.0800 valid until 20:00 GMT June 27, 2017



COPPER



Fig: COPPER H4 Technical Chart

As can be seen from the price chart, copper has been trading sideways as the price fell into a consolidation after a sharp rise which helped the metal to test a significant level at 23.6% Fib. The price, however, has still been supported by the short-term MA20 and is anticipated to test the 23.6% Fib level again.

Trade suggestion

Buy Digital Call Option from 1.6200 to 1.6500 valid until 20:00 GMT June 27, 2017



DAX 30 Index



Fig: DAX 30 Index H4 Technical Chart

Germany’s DAX 30 index once again had to retreat from a firm resistance at 12840.00 and is struggling with a couple of MAs. RSI index has fallen below 50, suggesting that the market has entered the bearish territory. Further declines may cause the stock benchmark index to retest the lower boundary.

Trade suggestion

Buy Digital Put Option from 12750.00 to 12700.00 valid until 20:00 GMT June 27, 2017


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Euro Jumps to Two-week Highs Versus Dollar Following Draghi’s Speech

The Euro experienced a sharp rise versus its American counterpart on Tuesday after European Central Bank President Mario Draghi claimed that growth is above trend and well distributed across the euro area.

The currency pair EURUSD jumped steeply more than 0.6 percent on Tuesday to reach a high of 1.12500 – the highest level since June 14th as the Euro was pushed higher by Draghi’s speech.

Speaking at the ECB’s central banking forum in Portugal, the ECB President argued that the central bank’s stimulus policies with negative interest rates had helped create jobs and reduce inequality in the euro zone, especially in Southern European countries where youth unemployment rates reach up to 45%.

Draghi also showed optimism over the euro zone’s economy, saying that there are clear signs of a “strengthening and broadening” recovery and those deflationary factors, which were weighing on the path of inflation, will soon be replaced by inflationary ones.

Later in the day, Federal Reserve Chair Janet Yellen is scheduled to make public appearance at the British Academy’s 2017 President’s Lecture in London. Traders will be looking for clues on changes in policy of the U.S. central bank given Yellen’s opinion on the U.S. economy after a recent batch of weak economic reports.

Besides Fed Chair Yellen, a pair of Fed policymakers are due to make public appearances on Tuesday which are Philadelphia Fed President Patrick Harker and Minneapolis Fed Chief Neel Kashkari.

Trade suggestion

Buy Digital Call Option from 1.12500 to 1.12800 valid until 20:00 GMT June 27, 2017

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Canadian Dollar Hits Two-month Highs Versus the Greenback as Crude Oil Jumps

Canadian dollar shot versus its American counterpart on Tuesday amidst rising crude oil prices while the greenback fell broadly against most of its peers, especially the Euro.

The commodity-linked currency Canadian dollar jumped to a two-week high at C$1.31850 per dollar, adding more than 0.4 percent on Tuesday as crude oil futures prices were on track for its fourth gain in a row. Indeed, while August West Texas Intermediate crude soared 2.3 percent, the Brent oil for August delivery climbed 2.6 percent in North American trading session.

The advance came on the back of forecasts anticipating that U.S. crude supplies would witness a weekly decline due to weather factors. The American Petroleum Institute is due to release its estimate for U.S. inventories later in the day while the U.S. Energy Information Administration is scheduled to publish the official data on Wednesday.

While the Loonie was supported by gains in crude oil prices, the dollar lost ground against most of its rivals. The Dollar Index, which measures of the strength of the greenback against a basket of six major rivals, shed more than 0.6% with the euro holding the largest weighting in the gauge.

Trade suggestion

Buy Digital Put Option from 1.31800 to 1.31400 valid until 20:00 GMT June 27, 2017

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

AUD/USD
From0.76000
Till0.76300
Buy Digital
Buy Option Digital
Direction Call
Expiry GMT 21:00 27/06/2017

 

[Option_Banque]

Trade Signals by Option Banque

Daily Report on June 28, 2017



Asian shares were broadly lower on Wednesday, weighed down by losses in technology stocks.​ A slump in U.S. equities​ extended in Asian trading session, sending the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.4 percent.​ Japan's Nikkei share average slipped 0.3 percent.

On Tuesday, the S&P 500 Index shed 0.8 percent - the most since May 17 while the NASDAQ Composite index lost 1.61% and the Dow Jones Industrial Average plunged by 0.46%. Shares of Alphabet were among top losers, shedding more than 2% after Google had been fined a record $2.7 billion by the EU for having violated antitrust rules.​ Shares of Facebook, Netflix, and Amazon closed more than 1.5% lower.

Meanwhile, the dollar lost ground versus most of its rivals amidst rising concerns over Trump administration following through with tax cuts and fiscal stimulus steps after the healthcare bill faced resistance from some of Republican senators and failed to be passed on Tuesday.​ The dollar index, which measures the greenback against a basket of six major currencies, lost more than 0.1 percent at 96.35, after shedding about 1 percent on Tuesday.

Crude oil futures prices extended their upward rally to a fifth session in a row, reversing higher from losses in early trade which came after a report by the American Petroleum Institute. The data which was released on Tuesday showed that U.S. crude inventories rose by 851,000 barrels in the week to June 23 to 509.5 million. By contrast, analysts expected a decrease of 2.6 million barrels.

​

Technicals

USDCHF



Under downward pressure from two MAs which are hanging above the price action, the pair USDCHF nose-dived on Tuesday and extended its down moves on Wednesday. The pair did not only break a firm support at 0.96700 but also fell below the seven-month lows at 0.96128 logged early June. Further declines are expected with a surging ADX index and RSI index plunging into the oversold zone.​

Trade suggestion

Buy Digital Put​ Option from 0.96000​ to​ 0.95500 valid until 20:00 GMT June 28, 2017



EURGBP



The pair EURGBP has been tracing an uptrend with the support from both long-term MA50 and short-term MA20 which are lingering below the price action. The pair is facing a strong resistance at 0.88600 where it had to give up its bull run to reverse lower on June 12th. However, this stance is expected to be crossed over as​ buyers are dominating in the market, as indicated by rising ADX and RSI indices.​

Trade suggestion

Buy Digital Call Option from 0.88600​ to​ 0.89000​ valid until 20:00 GMT June 28, 2017



EURJPY


Euro jumped to the highest level since early April, 2016 after having broken out of a slopping downward trading range and crossed over a significant level at 50.0% Fibonacci retracement. The pair is struggling at a resistance at 127.300 after sending the market into the overbought zone. Nonetheless, the uptrend is anticipated to be extended, as can be seen in the ADX chart, the gap between +DI and –DI lines is widening.

Trade suggestion

Buy Digital Call Option from 127.400​ to​ 128.200 valid until 20:00 GMT June 28, 2017



SP500


Sp500 index fell out of an uptrend on Tuesday when it broke out of an upward trend line which connects higher lows. The U.S. stock benchmark index dropped below a couple of MAs and fell to as low as 2420.00 – a firm support that has forced the index to reverse higher three times since June 09th. In the event of continual downtrend, another support at 2405.00 is within the sight.

Trade suggestion

Buy Digital Put​ Option from 2418.00​ to​ 2405.00 valid until 20:00 GMT June 28, 2017



DAX


Germany’s DAX 30 suffered​ a sharp daily loss on Tuesday. Steep down moves liberated the price action out of a slopping upward trading range which contained higher highs and higher lows. The index’s price action broke the lower boundary from below and is heading towards a support at 12500.00. While RSI is pointing downwards, ADX index is edging higher, indicating a strengthening bearish force in the market.

Trade suggestion

Buy Digital Put​ Option from 12590.00​ to​ 12500.00 valid until 20:00 GMT June 28, 2017


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

WTI Crude Oil Extends the Upward Rally to A Fifth Session Following EIA Data

U.S. crude oil prices extended their upward rally to a fifth session in a row on Wednesday with advances coming after a weekly report that showed U.S. domestic crude supplies rose less than previously reported by the American Petroleum Institute.

U.S. West Texas Intermediate crude for August delivery jumped more than 0.8 percent to trade around $44.60 per barrel on Wednesday after the U.S. Energy Information Administration published its official data that pointed to a rise of 100,000 barrels in U.S. crude inventories for the week ended June 23.

Although the result defied forecasts for a decline of 3.25 million barrels, it came in well below the increase of 851,000 barrels reported by the American Petroleum Institute on Tuesday.

Trade suggestion

Buy Digital Call Option from 44.60 to 45.30 valid until 20:00 GMT June 28, 2017


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

Gold Rallies For A The Second Day Amidst A Slump in Stock Markets While Dollar Remains Weak

Gold futures prices jumped a the second day on Wednesday amidst selloff in equity markets while the dollar remained weak against most of its peers after U.S. Senate Majority Leader Mitch McConnell delayed voting on a bill to repeal and replace Obamacare.

Gold for August delivery added more than 0.5 percent to trade around $1,252.85 an ounce in Asian trading session as investors rushed into safe-assets after technology and health-care shares weighed down the overall performance in Wall Street and continued to drag down indices in most of Asian markets.

On Tuesday, the S&P 500 Index shed 0.8 percent – the most since May 17 while the NASDAQ Composite index lost 1.61% and the Dow Jones Industrial Average plunged by 0.46%. Shares of Alphabet were among top losers, shedding more than 2% after Google had been fined a record $2.7 billion by the EU for having violated antitrust rules.

Meanwhile, the dollar lost ground versus most of its rivals amidst rising concerns over Trump administration following through with tax cuts and fiscal stimulus steps after the healthcare bill faced resistance from some of Republican senators and failed to be passed on Tuesday.

The dollar index, which measures the greenback against a basket of six major currencies, lost more than 0.1 percent at 96.35, after shedding about 1 percent on Tuesday. A weak dollar tends to make gold more affordable to buyers using other currencies.

Trade suggestion

Buy Digital Call Option from 1253.00 to 1258.00 valid until 20:00 GMT June 28, 2017


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

USD/CAD

From 1.30900
Till 1.30400
Sell Option Digital
Direction Put
Expiry GMT 21:00 28/06/2017

 

[Option_Banque]

Trade Signals by Option Banque

Daily Report on July 03, 2017



Asian equity markets were mostly higher on Monday, boosted by firmness in oil prices which extended the longest winning streak of the year. With more shares advancing than declining, the MSCI Asia Pacific Index added less than 0.1 percent on Monday after having finished the second quarter with a gain of 5.2 percent.​

While​ Japan’s Topix index increased 0.3 percent​ and Hong Kong’s Hang Seng added 0.1 percent,​ South Korea’s Kospi index​ and Australia’s S&P/ASX 200 index slipped 0.3 percent and​ 0.1 percent,​ respectively. ​ The Shanghai Composite​ index​ was flat even after a private survey released on Monday showed​ China's manufacturing​ activity gauge pointed to an expansion in June.

Indeed, the Caixin/Markit Manufacturing Purchasing Managers' index (PMI) jumped to 50.4 in June, which was well above the 49.5 level forecast by analysts. The reading marked a comeback to a growth mood after dropping to 49.6 in May, the first contraction in 11 months.

Elsewhere, gauges for​ Australia's manufacturing and service sectors​ were reported to experience strong rises in June as upbeat demand encouraged more hiring and bolstered optimism over the economy’s outlook. The PMI index for manufacturing activity rose to a seasonally adjusted 56.2 in June, from 55.9 in May while the measure of services picked up to 57.0 last month, from 54.8 in May.

Crude oil prices held on gains on Monday following a seven-day rally by Friday. Data published by Baker Hughes showed U.S. oil rig count fell last week for the first time since early January. U.S. rigs drilling for oil was reported to decline by two to 756 rigs in the week ended on July 30th. This was only the second time the weekly oil-rig count fell this year.

​

Technicals​

USDJPY



The pair USDJPY gapped down at the open on Monday but failed to cross over a firm support at 38.2% Fibonacci retracement. With the support from two MAs which were lingering below the price action, the pair covered the gap and was edging higher, looking set to reach a resistance at 113.000. Both RSI and ADX indices are rising, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 112.600​ to​ 113.000 valid until 20:00 GMT July 03, 2017



BRENT


Brent crude nearly hit a significant stance at 49.000 on Monday – the highest level since June 12. The market fell into a consolidation after a sharp jump sent the market into the overbought zone, as indicated by the RSI index. ADX retreated a little bit, indicating a weakening bullish momentum. However, buyers are expected to dominate the market again after taking some profits.​

Trade suggestion

Buy Digital Call Option from 49.000​ to​ 50.000 valid until 20:00 GMT July 03, 2017



GOLD



Gold has been tracing a downtrend under downward pressure from two MAs hanging above the price action. The precious metal is likely to test a six-week low at $1235.00 an ounce and even may fall lower to the 38.2% Fibonacci level. While RSI is inching lower, ADX is rising with a widening gap between the –DI and +DI lines.

Trade suggestion

Buy Digital Put​ Option from 1237.00​ to​ 1232.00 valid until 20:00 GMT July 03, 2017



DAX 30 Index​



Germany’s DAX 30 index has been struggling with a support at 12366.00 since last Thursday after having fallen out of a slopping upward trading range. Following sharp down moves, the stock benchmark index fell into a consolidation. However, as can be seen from the RSI chart, the bear is dominating the market and is expected to send the price to as low as the 23.6% Fibonacci retracement.

Trade suggestion

Buy Digital Put​ Option from 12350.00​ to​ 12240.00​ valid until 20:00 GMT July​ 03, 2017

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

Stocks of Energy and Financials Rally, Encountering Losses In Tech Shares

U.S. shares were mostly higher on Monday as a rally in energy and financials covered losses in tech shares. Besides, a private index on U.S. manufacturing activity, which was reported to rise to the highest level since mid-2014, boosted optimism over the U.S. economy and sent the U.S. stock market higher.

The stock benchmark index S&P500 advanced nearly 0.6 percent with nine out of eleven sectors trading on a positive note. Energy sector led gains, soaring more than 2.3 percent on Monday on the back of firmness in crude oil prices which extended their rally to an eighth session in a row. Meanwhile, financial sector was also on a sharp rise with shares of Morgan Stanley, JPMorgan Chase, Wells Fargo and Citgroup trading higher.

By contrast, tech and utility shares lagged behind. While the former lost 0.42 percent, the latter shed 0.32 percent.

Data released by the Institute for Supply Management (ISM) showed the gauge for domestic manufacturing activity advanced to 57.8 last month from May’s reading of 54.9. Spurred by the new orders index that rose to 63.5 in June from 59.5 a month earlier, the figure did not only top analysts’ forecast for an increase to just 55.2 but also marked the fastest growth pace in almost three years.

The New York Stock Exchange will be closed on Tuesday in the observation of the Independence Day.

Trade suggestion

Buy Digital Call Option from 2437.00 to 2445.00 valid until 20:00 GMT July 03, 2017


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

Gold Plunges to Nearly-two-month Lows As Dollar Takes Off Following Factory Data

Gold futures tumbled more than 1.6 percent on Monday after a private index on U.S. manufacturing activity, which was reported to rise to the highest level since mid-2014, boosted optimism over the U.S. economy and sent the U.S. stock market as well as the dollar higher.

Gold futures for August delivery plunged 1.62 percent to trade 1,222.80 in North American trading session. This was the lowest level since May 11th. The greenback was supported strongly by data released by the Institute for Supply Management (ISM) which showed the gauge for domestic manufacturing activity advanced to 57.8 last month from May’s reading of 54.9.

Spurred by the new orders index that rose to 63.5 in June from 59.5 a month earlier, the figure did not only top analysts’ forecast for an increase to just 55.2 but also marked the fastest growth pace in almost three years.

Meanwhile, the so-called safe-haven asset lost its attraction as equity markets kicked off July trade on a positive note. Indeed, led by firm gains in the energy and financials sector which soared at least 1 percent, the S&P 500 index advanced nearly 0.6 percent. The Dow Jones Industrial Average index and the Nasdaq Composite Index added 0.7 percent and 0.4 percent, respectively.

The New York Stock Exchange will be closed on Tuesday in the observation of the Independence Day.

Trade suggestion

Buy Digital Put Option from 1223.00 to 1218.00 valid until 20:00 GMT July 03, 2017

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

AUD/CAD

From 0.99450
Till 0.99150
Option Digital
Direction Put
Expiry GMT 21:00 03/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 04, 2017



Asian shares were mixed on Tuesday​ after the Dow Jones Industrial Average reached a fresh record in the NYSE on Monday but technology shares tumbled and sent the Nasdaq 100 Index down 0.9 percent. Technology shares extended their selloff in Asian trading session while stocks of banks and energy companies rallied. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent.

Japan’s Topix index reversed lower, shedding 0.2 percent after an earlier gain of as much as 0.7 percent. South Korea's KOSPI index tumbled by 0.5 percent following reports that showed North Korea had launched an missile that could land in Japanese exclusive economic zone. Hong Kong’s Hang Seng index, Hang Seng China Enterprises Index and the Shanghai Composite Index all traded in the red.

By contrast,​ Australian equities surged​ more than 1.8 percent​ as the nation’s biggest banks rebounded​ while the central bank kept the cash rate at 1.5 percent as expected by markets. The Australian dollar advanced in early trade after retail sales data.​ According to the Australian Bureau of Statistics, the country’s retail sales gained 0.6% month-on-month in May.​

Led by strong spending on household goods, the data rose for a second straight month after a rise of 1.0% in April.​ However, the Aussie​ pared earlier gains to nose-dive against most of its peers following the rate decision.

Crude oil prices​ retreated in Asian trade on Tuesday,​ putting a break on a run of eight straight days of gains.​ Both Brent crude futures and U.S. West Texas Intermediate (WTI) crude futures fell 0.5 percent.​ The retreat was supposed to be due to the fact that​ any traders closed positions ahead of the U.S. Independence Day holiday on July 4.



Technicals



EURJPY



EURJPY reversed lower after hitting the 61.8% Fibonacci retracement. The price action has crossed over the short-term MA20, suggesting a reversal into a downtrend. While RSI is pointing down, the –DI line has penetrated the +DI lines from below, confirming signals for further down moves.

Trade suggestion

Buy Digital Put Option from 128.000​ to​ 127.000 valid until 20:00 GMT July 04, 2017



AUDCAD


As can be seen from the price chart, the pair AUDCAD has been tracing a downtrend with lower highs and lower lows formed along the way since early June. The pair has breached a strong support at 61.8% Fibonacci level. However, ADX keeps rising with a widening gap between the –DI and +DI lines, signaling further declines for the pair.

Trade suggestion

Buy Digital Put Option from 0.98900​ to​ 0.98500 valid until 20:00 GMT July 04, 2017



Natural Gas



Natural gas futures prices experienced a volatile trading session on Monday when the price rose as high as 3.0451 but the commodity failed to surpass a significant level at 38.2% Fibonacci retracement.​ Natural gas pared had all of its gains of this week and is struggling around a level at 2.9510. RSI remained below the 50 level, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 2.9400​ to​ 2.8830 valid until 20:00 GMT July 04, 2017



COPPER


Copper has been tracing a downtrend after having broken out of a period of moving sideways below the level 2.7000. Under the downward pressure from two MAs hanging above the price action, copper has fallen below a support at 2.6740 and is heading towards another firm support at 2.6560. While RSI is pointing lower, ADX is on a rise, indicating a strengthening uptrend.

Trade suggestion

Buy Digital Put Option from 2.6700​ to​ 2.6560 valid until 20:00 GMT July 04, 2017

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

Australian Dollar Reverses Gains After the RBA Holds Rate

The Australian dollar plunged sharply on Tuesday after the latest rate decision from the Reserve Bank of Australia. The Aussie pared earlier gains to drop to the lowest level since last Wednesday versus the greenback.

The currency pair AUDUSD nose-dived more than 0.6 percent to trade around $0.7613 after Governor Philip Lowe and his board held the cash rate at record-low 1.5 percent as expected by markets, reversing steeply lower after an advance in early Asian trade.

The Aussie had risen to as high as $0.7682 on Tuesday as retail sales data beat forecast. According to the Australian Bureau of Statistics, the country’s retail sales gained 0.6% month-on-month in May. Led by strong spending on household goods, the data rose for a second straight month after a rise of 1.0% in April. The figure was also well above a 0.2% rise expected by economists.

Trade suggestion

Buy Digital Put Option from 0.76100 to 0.75700 valid until 20:00 GMT July 04, 2017

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

NZD/USD

From 0.72700
Till 0.72300
Option Digital
Direction Put
Expiry GMT 21:00 04/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 05, 2017



Asian shares were mixed on Wednesday with some markets remained weak due to geopolitical concerns.​ MSCI's broadest index of Asia-Pacific shares​ outside Japan added 0.1 percent after dropping​ 0.6 percent​ in the previous session​ when North Korea fired a missile into Japanese waters.​ Supported by gains in shares of automakers and technology companies,​ Japanese and Hong Kong equities reversed early declines.

Indeed,​ Japan’s Topix index advanced 0.4 percent,​ paring​ an earlier loss​ thanks to shares of​ Subaru Corp.​ which rallied​ 3.4 percent and​ those​ Toyota Motor Corp.​ that​ jumped​ 1.4 percent. The​ Japanese​ yen​ lost ground to the dollar after early advanced. The Yen​ was up 0.2 percent to 113.11 per dollar​ after​ having climbed​ as much as 0.6 percent during Tuesday’s session.

Meanwhile, Hong Kong’s Hang Seng jumped​ 0.4 percent​ with​ Geely Automobile Holdings Ltd. rebounding​ 1.5 percent. The Hang Seng China Enterprises Index​ and the Shanghai Composite Index rose around 0.2 percent while​ Australia’s S&P/ASX 200 Index shed​ 0.4 percent after soaring 1.8 percent Tuesday. South Korea’s Kospi​ swung between gains and losses​ on Wednesday.

According to Markit data released on Wednesday,​ China's services sector grew at a slower pace in June. The PMI index edged lower to 51.6 in June from 52.8 in May due to the fact that​ new orders slumped. June’s reading was​ the second-lowest business activity level for service providers in over a year.

Meanwhile,​ activity in Japan's services sector​ was reported to​ accelerate on a monthly basis. The PMI index for Japanese service sector advanced to 53.3 in June from 53.0 in May, extending the expansion for the ninth consecutive month and reaching the highest level since August 2015.

​

Technicals

AUDJPY



AUDJPY rebounded from a support at 85.900 where it also had to give up its bearish strength​ fourth times since the second half of last week. The price action has crossed over the short-term MA20 and is facing the long-term MA50. In the event of continual uptrend, the pair may test a three-month high at 87.000.

Trade suggestion

Buy Digital Call​ Option from 86.300​ to​ 87.000 valid until 20:00 GMT July 05, 2017



EURUSD


EURUSD has been moving sideways to lower around the level 1.13400.​ The pair is facing a dynamic support at​ the long-term MA50 after having crossed over the short-term MA20. As can be seen from the chart, the RSI index has inched down to as low as 44.57, signaling a strengthening downtrend. Further down moves are expected.

Trade suggestion

Buy Digital Put Option from 1.13400​ to​ 1.12900 valid until 20:00 GMT July 05, 2017



Natural Gas


Natural gas’s price action rebounded from a firm support at 2.9510 and also crossed over both the long-term and short-term MAs on Tuesday, signaling a reversal into an uptrend. The short-term MAs has converged with the long-term MA50 from below, while the RSI is edging higher, suggesting further advances for the commodity.​

Trade suggestion

Buy Digital Call​ Option from 2.9870​ to​ 3.0350 valid until 20:00 GMT July 05, 2017



GOLD


As can be seen from the price chart, gold futures prices failed to breach the long-term MA50 at as high as 1228.72. The precious metal fell below the short-term MA20 and may inch lower with the​ ADX index rising which indicates a strong bearish momentum in the market. A support at 1217.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 1222.00​ to​ 1217.00 valid until 20:00 GMT July 05, 2017


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

Gold Futures Hold Near Almost-two-month Lows Ahead of Fed’s Minutes

Gold futures prices resumed their downward rally on Wednesday after an advance in the previous session. The precious metal gained ground on Tuesday on the back of reports that showed North Korea had launched a missile that could land in Japanese exclusive economic zone, but turned lower on Wednesday ahead of Fed’s minutes.

Gold futures prices for August delivery edged lower to trade at $1218.00 an ounce – the lowest level since May 11th in North American trade on Wednesday as dollar held firm. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, added 0.16% at a one-week high of 96.14.

U.S. market will reopen today after having closed for July 4th holiday. Later in the day, the Federal Reserve will release minutes of its most recent policy meeting where the central bank raised interest rates as widely expected. The minutes were expected to provide fresh clues on the likelihood of another U.S. interest rate hike this year.

Trade suggestion

Buy Digital Put Option from 1218.00 to 1213.00 valid until 20:00 GMT July 05, 2017


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

Canadian Dollar Holds on Gains Against the Greenback On the Back of Poloz’s Comments

The Canadian dollar fell into a consolidation versus the greenback on Wednesday after having soared to a 10-month high of C$1.2912 to the dollar in the previous session. The Loonie received a huge support from hawkish comments of Bank of Canada Governor Stephen Poloz.

The pair USDCAD was nearly unchanged in early trade in Asian session, holding around C$1.2934 per dollar after dropping nearly 0.5 percent on Tuesday. BOC’s Governor Stephen Poloz was reported to claim that the central bank’s stimulus monetary policy should be normalized before Canada’s inflation hits BOC’s target, which was also anticipated to be well into an uptrend by the first half of 2018.

Poloz’s comments did not only spur the chance of a rate hike at the central bank’s next meeting on July 12 to above 50 percent but was also in turn with its counterparts in the Euro zone and the England (the European Central Bank and the Bank of England) which signaled future tightening in their policies last week.

U.S. market will reopen today after having closed for July 4th holiday. Later in the day, the Federal Reserve will release minutes of its most recent policy meeting where the central bank raised interest rates as widely expected.

Trade suggestion

Buy Digital Put Option from 1.29200 to 1.28600 valid until 20:00 GMT July 05, 2017

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

USD/JPY

From 113.500
Till 113.900
Buy Option Digital
Direction Call
Expiry GMT 21:00 05/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 06, 2017



Most Asian stock markets fell on Thursday with the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2 percent after U.S. stock market closed mixed in the previous session.​ A​ sharp drop in oil prices weighed down​ the energy sector​ and kept the Dow and S&P 500 near​ the unchanged mark on Wednesday. By contrast,​ gains in technology stocks lifted the Nasdaq.

Japan’s Topix edged​ 0.1 percent​ lower and South Korea’s Kospi and Singapore’s Straits Times Index shed 0.2 percent while​ Australia’s S&P/ASX 200 Index was flat.​ ​ The Shanghai Composite Index was also little changed but​ Hong Kong’s Hang Seng Index​ and the Hang Seng China Enterprises Index retreated​ 0.1 percent​ and​ 0.4 percent, respectively.

Crude oil continued to inch lower on Thursday after having tumbled about 4 percent on Wednesday. The sharp decline came after reports showed exports by the Organization of the Petroleum Exporting Countries (OPEC) rose last month. According to data released by the Thomson Reuters Oil Research, OPEC exported 25.92 million barrels per day (bpd) in June, which was 450,000 bpd above May and 1.9 million bpd more than a year earlier.

Meanwhile, data from the American Petroleum Institute (API) pointed to a drop of 5.8 million barrels in U.S. crude oil inventories in the week to June 30 to 503.7 million. Official data from the Energy Information Administration will be published later in the day.

The dollar steadied against its peers early on Thursday​ following​ the Federal Reserve’s minutes of​ the central bank's June 13-14 policy meeting. The minutes showed a widening gap in​ Fed policymakers’​ outlook for inflation and how it might affect the future pace of interest rate hikes. While several officials wanted to announce a start to the process of​ unwinding their $4.5 trillion balance sheet​ by the end of August,​ others preferred to wait until later in the year.



Technicals

EURGBP



EURGBP has been moving sideways around the level 0.87700 for more than two weeks. Under downward pressure from two MAs which has been lingering above the price action, the pair is likely to trade lower possibly to as low as 0.87250. While RSI is heading lower, ADX is mounting with a widening gap between the –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 0.87600​ to​ 0.87250​ valid until 20:00 GMT July 06, 2017



Natural gas



Natural gas slumped on Wednesday, falling to as low as 2.8271 – the lowest level since March 08th. The commodity also tested a support at 23.6% Fibonacci retracement before falling into a correction as the sharp down move sent the market into the oversold zone. With a bear dominating the market, as indicated by the RSI that was at 34.62, natural gas may breach the Fib. level and drop to a support at 2.7800.

Trade suggestion

Buy Digital Put Option from​ 2.8400​ to​ 2.7800 valid until 20:00 GMT July 06, 2017



COPPER



As can be seen from the price chart, Copper price has been under pressure from two MAs that are hanging above the price action. The commodity may inch lower​ to surpass the 23.6% Fibonacci retracement again and to test a support at 2.6400. The RSI index has pointed down to as low as 35.95, confirming signals for further downtrend.​

Trade suggestion

Buy Digital Put Option from 2.6520​ to​ 2.6400 valid until 20:00 GMT July 06, 2017



FTSE 100




FTSE 100 has been trapped between a resistance at 7383.50 and​ a slopping upward trend line which connects higher lows. Two Mas are hanging below the price action, which may support the stock benchmark index to surge higher. The gain may be strained by a downtrend line that has been hanging above the price action and connecting lower highs.

Trade suggestion

Buy Digital Call​ Option from 7383.50​ to​ 7415.00 valid until 20:00 GMT July 06, 2017


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

U.K. Shares Move Lower, Led by A Tumble in Shares of Reckitt Benckiser

U.K. shares turned lower on Thursday, led by losses in shares of Reckitt Benckiser as the company cut it sales forecast while stocks of energy companies remained weak even though crude price futures pared losses.

The FTSE 100 shed more than 0.4 percent in morning session with tech, consumer, commodity and industrial shares trading lower. Only utility sector was trading in the green. The U.K. stock benchmark index gained 0.1% on Wednesday after a choppy session.

Shares of Reckitt Benckiser Group PLC led losses on Thursday said that it expected to permanently lose some revenue after last month’s cyberattack which would cause 2017 sales to drop sharply. Meanwhile, shares of oil producers contributed to the down trend. Indeed, equities of BP PLC and rival Royal Dutch Shell lost 0.1 percent and 1.22 percent, respectively.

On the upside, shares of Associated British Foods PLC jumped nearly 3.7 percent thanks to rosy outlook that full-year earnings will be improved on the back of a strong performance by ABF’s its Primark fashion retail chain.

Trade suggestion

Buy Digital Put Option from 7305.00 to 7265.00 valid until 20:00 GMT July 06, 2017

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

Crude Oil Futures Take Off After the EIA Confirms A Sharp Decline In U.S. Supplies

Crude oil futures prices jumped sharply on Thursday, reversing higher from their worst loss in a month, after official data from the Energy Information Administration confirmed a sharp decline in crude oil inventories last week.

U.S. crude oil for August delivery climbed around 2 percent to trade around $46.20 per barrel on the New York Mercantile Exchange. The price had reversed in early trade thanks to data released by the American Petroleum Institute that showed U.S. crude supplies lost 5.8 million barrels in the week ended June 30.

The EIA on Thursday said that domestic crude supplies dropped by 6.3 million barrels last week, which was even above a drop of 5.8 million barrels reported by the API and easily topped forecasts for a decline of 1.6 million barrels by analysts.

Trade suggestion

Buy Digital Call Option from 46.30 to 47.20 valid until 20:00 GMT July 06, 2017

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

CAD/JPY

From 87.500
Till 87.900
Buy Option Digital
Direction Call
Expiry GMT 21:00 06/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 07, 2017



Asian shares tumbled on the last session of the week after U.S. shares lost ground on Wall Street on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6 percent​ following a weak session in the U.S. where witnessed the Dow lost 0.7 percent while the S&P 500 declined 0.9 percent and the tech-heavy Nasdaq fell 1 percent on Thursday.

In Asia, Japan's Nikkei lost​ 0.1 percent, South Korea's KOSPI slipped​ 0.3 percent and Australian stocks plunged​ 1.3 percent. Hong Kong's Hang Seng shed​ 0.35 percent.​ Also trading in the red, the Hang Seng Index retreated 0.42% and the Shanghai Composite dropped 0.39%.

Crude oil futures prices fell by more than 1 percent early on Friday​ with both crude-oil benchmarks​ slipped after having soared on the back of a weekly report that pointed to a bigger-than-expected decline in U.S. inventories of crude. The slump came after reports about a​ production rise in the​ U.S.​ The data​ showed​ a 1 percent rise in weekly U.S. oil production to 9.34 million barrels per day (bpd). Since mid-2016, that's an increase of more than 10 percent.

Markets were nervously waiting for​ the Labor Department's June nonfarm payrolls report. The report is forecast by analysts to show U.S. employers to have added 179,000 jobs last month. Ahead of Friday's jobs data, the ADP National Employment Report​ released on Thursday​ showed private-sector payrolls increased by 158,000 jobs last month. The reading came​ in below​ both​ the 230,000 jobs created in May and​ economists' expectations for a rise of 185,000.



Technicals

GBPJPY



Supported by two MAs moving below the price action, GBPJPY surged to a nearly-two-month high in early trade on Friday, extending their rally to a third trading session in a row. The pair fell into a consolidation following the sharp up move but is expected to edge higher as buyers are dominating the market, as indicated by RSI index which has soared to as high as 64.76.

Trade suggestion

Buy Digital Call Option from 147.500​ to​ 148.00 valid until 20:00 GMT July 07, 2017



BRENT



Brent crude prices gapped down on Friday and continued to extend their downward rally as the price action has fallen back below the long-term MA50. The commodity is facing a firm support at 47.500 and is anticipated to trade lower to test another firm support at 46.750 with a RSI index that has dipped to as low as 39.23.

Trade suggestion

Buy Digital Put​ Option from 47.400​ to​ 46.750 valid until 20:00 GMT July 07, 2017



DAX



Germany’s DAX 30 index has been struggling around a support at 12366.00 – a level at which the index had to reverse higher in late-June. The price action failed to sustain its bullish momentum after breaching the short-term MA20. With a RSI index pointing lower which indicates a dominating bearish force in the market, the pair is expected to test the 23.6% Fibonacci level.

Trade suggestion

Buy Digital Put​ Option from 12330.00​ to​ 12240.00 valid until 20:00 GMT July 07, 2017



Dow Jones


Dow Jones extended their down moves to a third day in a row, which sent the price action below both long-term and short-term MAs to as low as 21310.00 – a strong support that had forced the pair to rebound earlier in June. While RSI was at low level, ADX is rising, signaling further downbeat moves. A support at 21195.00 is within the sight.

Trade suggestion

Buy Digital Put​ Option from 21305.00​ to​ 21195.00​ valid until 20:00 GMT July 07, 2017

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

British Pound Tumbles Versus Dollar After A String of Downbeat Economic Data

Sterling dropped lower versus the U.S. dollar on Friday following downbeat U.K. data on manufacturing production. Meanwhile, the greenback held on gain ahead of a highly-expected U.S. Non-farm Payrolls which is due later in the day.

The currency pair GBPUSD lost more than 0.4 percent to trade at 1.2917 during European morning trade – its lowest level since Wednesday. The Pound pushed lower against most of its peers after the U.K. Office for National Statistics reported that manufacturing production retreated by 0.2% in May.

This was a disappointment compared to an increase of 0.2% recorded in the previous month and analysts’ forecast for a rise of 0.5 percent. On a yearly basis, manufacturing production advanced by 0.4%, well below expectation calling for an increase of 1.0%.

Besides, the ONS also reported data on U.K. industrial production which pointed to a down move of 0.1% in May. Economists had expected a 0.4% rise. Adding to the pressure on Sterling, construction output was reported to plunge by 1.2% while markets were expecting the figure to soar 0.6%.

Turning to the greenback, investors were nervously waiting for the Labor Department’s June nonfarm payrolls report. The report is forecast by analysts to show U.S. employers to have added 179,000 jobs last month. Ahead of Friday’s jobs data, the ADP National Employment Report released on Thursday showed private-sector payrolls increased by 158,000 jobs last month. The reading came in below both the 230,000 jobs created in May and economists’ expectations for a rise of 185,000.

Upbeat data will support the dollar to surge higher as they increase the optimism about the U.S. economy which would boost the case for higher interest rates at the second half of this year and in the following months.

On the contrary, a weak report would add to uncertainty over the economic outlook and prompt the Federal Reserve to delay the plans with regards to policy normalization to next year.

Trade suggestion

Buy Digital Put Option from 1.29100 to 1.28700 valid until 20:00 GMT July 07, 2017

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

Pressurized by Strong Dollar, Gold Drops to Two-month Lows After NFP Data

Gold slumped for a second day, looking set to close the week at the lowest in nearly two months on Friday as the U.S. dollar strengthened after the release of an upbeat report on jobs created in June, which may bolster the Federal Reserve’s case to hike rate further in the second half of the year.

Gold futures for August delivery dropped nearly 0.7 percent to trade around $1215.00 per ounce after data published by the Labor Department showed the U.S. created 222,000 new jobs in June. Thanks to accelerating hiring in the spring, the reading was the largest in four months and was well above analysts’ forecast calling for a rise of 175,000 jobs created last month.

While the hourly pay rose 0.2% to $26.25 an hour in June, the unemployment rate ticked higher to 4.4% from 4.3% in May (which was also the lowest jobless rate in 16 years) as more people entered the labor force in search of work.

Trade suggestion

Buy Digital Put Option from 1215.00 to 1210.00 valid until 20:00 GMT July 07, 2017


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

EUR/AUD

From 1.49700
Till 1.49200
Sell Option Digital
Direction Put
Expiry GMT 21:00 07/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report​ on July 10, 2017



Asian shares advanced on Monday, boosted higher by bullish sentiment that dominated in U.S. market on Friday. Strong performance on Wall Street, which came after upbeat Non-farm Payrolls, sent the MSCI Asia Pacific Index​ 0.5 percent​ higher. The index dropped​ 1.2 percent last week.​ Last Friday, the Nasdaq Composite led gains with a 1 percent jump, the S&P 500 followed with a rise of 0.6 percent while the Dow Jones Industrial Average added 0.4 percent

Japan’s Topix index jumped​ 0.5 percent​ and​ Nikkei rose 0.7 percent.​ Australia’s S&P/ASX 200 Index​ also gained 0.7 percent. While South Korea’s Kospi index inched​ 0.3 percent​ higher,​ Hong Kong’s Hang Seng Index​ recorded its biggest gain this month with a jump of​ 1 percent.​ The Shanghai Composite Index lost 0.2 percent​ after data showed​ China’s producer price​ index rose 5.5 percent on a yearly basis​ and the consumer price index was up 1.5 percent​ in June.

Crude oil prices edged higher on Monday, recovering from a 3-percent fall in the previous session. However, markets are expected to remain under pressure due to high drilling activity in the United States. According to data released by the energy services company Baker Hughes late Friday, U.S. energy firms added seven oil drilling rigs last week. This was a 24th week of increases out of the last 25, which brought the total count up to 763, the most since April 2015.

Elsewhere, Japanese Cabinet Office on Monday said the country’s core​ machinery orders unexpectedly tumbled in May.​ On a monthly basis, core orders were reported to​ drop​ 3.6 percent in May – the​ steepest month-on-month decline since August 2016. The reading, which came after a decline of 3.1 percent in May, was also well below​ the 1.7 percent​ increase expected by economists.



Technicals

NZDJPY



Fig:​ NZDJPY​ H4 Technical Chart

NZDJPY has been tracing a steady uptrend since May 21st, extending its upbeat moves to the eighth week in a row after shooting the price to​ a more-than-six-month high last week. The pair has been supported by two MAs which are lingering below the price action. With RSI edging higher and a widening gap between +DI and –DI lines, the pair is expected to test the 100% Fib. retracement.

Trade suggestion

Buy Digital Call Option from 83.100​ to​ 83.700​ valid until 20:00 GMT July 10, 2017



AUDJPY



Fig:​ AUDJPY​ H4 Technical Chart

AUDJPY rebounded from a support at 85.900 and the long-term MA50 to surge to as high as 86.900 – 15-week highs logged on July 04th. With the support from two MAs as well as bullish signals from ADX and RSI indices, the​ currency pair is anticipated​ to climb higher to test a resistance at 87.400.

Trade suggestion

Buy Digital Call Option from 86.900​ to​ 87.400​ valid until 20:00 GMT July 10, 2017



SP500



Fig:​ SP500 index​ H4 Technical Chart

SP500 index rebounded from a consolidation around 2410.00 on Friday and has brought its price action above both long-term and short-term MAs. While RSI index is heading higher, ADX has also been on a rise with a widening gap between two DIs, suggesting a strengthening bullish momentum. A resistance at 2440.00 is within the sight.

Trade suggestion

Buy Digital Call Option from 2430.00​ to​ 2440.00​ valid until 20:00 GMT July 10, 2017



GOLD


Fig:​ GOLD​ H4 Technical Chart

Gold inched lower on Monday after having declines for two weeks in a row. The precious metal is testing a support at 50.0% Fibonacci level at around $1210.00 per ounce – the lowest level since March 15th. Two MAs, especially the short-term MA20, is pressurizing the price. A breakout is expected and gold may test another firm support at 1200.00.

Trade suggestion

Buy Digital Put​ Option from 1209.00​ to​ 1200.00​ valid until 20:00 GMT July 10, 2017



DOW JONES



Fig:​ Dow Jones​ H4 Technical Chart

Dow Jones index reversed higher at a firm support at 21310.00. Sharp up moves have sent the price action above two MAs, confirming the reversal into an uptrend. RSI index has crossed over the 50 line, suggesting a strengthening bullish force in the market. The stock benchmark index may extend its upbeat moves and test all-time high record at 21540.00.

Trade suggestion

Buy Digital Call​ Option from 21445.00​ to​ 21540.00​ valid until 20:00 GMT July 10, 2017

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

Crude Oil Reverses Gains, Under Pressure of Persistent Oversupply

Crude oil futures prices reverse lower in European trading session on Monday; paring earlier gains to extend their downward rally to a fourth consecutive day amidst persistent oversupply worries.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in August inched around 0.1 percent lower to trade around $44.20 per barrel in early European trade after surging as high as $44.67 per barrel in Asian trading session.

Markets remained under pressure from rising output in the U.S. and some members of the Organization of Petroleum Exporting Countries. Data from the U.S. Energy Information Administration showed that U.S. production rose to nearly 9.34 million barrels a day last week. This was an increase from 9.25 million barrels a day the week prior. Compared to the same period one year ago, production jumped nearly 11%.

Moreover, Baker Hughes Inc. on Friday reported U.S. oil producers added seven more rigs last week. This was a 24th week of increases out of the last 25, which brought the total count up to 763, the most since April 2015.

Meanwhile, according to market sources, Libya’s crude-oil output soared to more than one million barrels a day, up from 400,000 in October. Nigeria’s output was also on a rise, surging to 1.6 million barrels a day, up from 200,000 barrels a day in October.

Crude oil futures prices retested a significant level at 38.2% Fibonacci retracement after having to give up its bearish momentum to reverse higher last Friday. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 , confirming the downtrend. RSI continued to point lower while ADX index is witnessing a widening gap between -DI and +DI lines, signalling a breakout and further down moves.

Trade suggestion

Buy Digital Put Option from 44.00 to 43.00 valid until 20:00 GMT July 10, 2017

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

USD/CAD

From 1.28800
Till 1.28300
Option Digital
Direction Put
Expiry GMT 21:00 10/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 11, 2017



Asian shares advanced on​ Tuesday, supported by sentiment underpinned by technology-led gains on Wall Street in the previous session. Ahead of the U.S. second-quarter earnings season which is due to kick off later in the day, the MSCI Asia Pacific Index rose a second day, adding 0.5 percent. Meanwhile, Japan’s Topix Index jumped 0.4 percent, and South Korea’s Kospi climbed 0.3 percent.

Australia’s S&P/ASX 200 Index added 0.1 percent, on a rise with​ Chinese equities in Hong Kong while mainland markets continued to buck the trend. Hong Kong’s Hang Seng Index soared 1.1 percent and The Hang Seng China Enterprises Index rose 1.4 percent. By contrast, the Shanghai Composite Index fell​ for a second day, shedding 0.2 percent. Singapore’s Straits Times Index dropped 0.4 percent.

The New Zealand dollar plunged by nearly 0.6 percent in Asian trading session on Tuesday following the release of​ spending data​ that​ missed forecasts. The kiwi​ traded at 72.37​ U.S. cents​ after data on New Zealand Retail Card Spending for June arrived at 0% on a monthly basis. This was well below expectations calling for a rise of 0.8 percent.

Crude oil prices​ inched higher on Tuesday with Brent crude futures and U.S. West Texas Intermediate (WTI) crude futures both adding 0.4 percent. Speaking on the sidelines of an energy conference in Istanbul, Kuwait Oil Minister Issam Almarzooq said that Libya and Nigeria, two countries which had been invited to a meeting between OPEC and non-OPEC producers in St. Petersburg, Russia, on July 24, might be asked to cap their crude output soon in an effort to help re-balance the market.

​

Technicals

USDJPY



Fig:​ USDJPY​ H1​ Technical Chart

USDJPY has been moving sideways around a level at 114.200 since the start of this week.​ However, the pair has still been receiving support from two MAs, which may send the pair higher to test a resistance at 61.8% Fibonacci retracement. RSI and ADX are edging higher, signaling further advances for the currency pair.​

Trade suggestion

Buy Digital Call​ Option from 114.300​ to​ 114.600 valid until 20:00 GMT July 11, 2017



SILVER



Fig:​ SILVER​ H4 Technical Chart

As can be seen from the price chart,​ silver price has been under downward pressure exerted by two MAs that are hanging above the price action. The metal is heading downwards, looking set to test a low at 15.200 with the market dominated by sellers, as indicated by RSI index. ADX index is also witnessing a widening gap between –DI and +DI lines, confirming the signal for further down moves.​

Trade suggestion

Buy Digital Put Option from 15.500​ to​ 15.200 valid until 20:00 GMT July 11, 2017



GOLD



Fig:​ GOLD H1​ Technical Chart

Gold fell to test the 50.0% Fibonacci retracement again after having failed to surge above the long-term MA50. The precious metal even dropped below the short-term MAs with the RSI index having plunged to as low as 42.41. A breakout is expected with a support at 1205.00 within the sight.

Trade suggestion

Buy Digital Put Option from 15.200​ to​ 1205.00 valid until 20:00 GMT July 11, 2017



SP500



Fig:​ Sp500​ H4 Technical Chart

SP500 index​ has been supported by two MAs which are moving below the price action. The index​ rebounded from​ the short-term MA20​ and has​ surged above two MAs again. RSI index is heading higher,​ suggesting a strengthening bullish momentum. A resistance at 2440.00 is within the sight.

Trade suggestion

Buy Digital Call​ Option from 2430.00​ to​ 2440.00 valid until 20:00 GMT July 11, 2017



BRENT



Fig:​ BRENT​ H4 Technical Chart

Brent crude​ futures prices​ retreated under pressure from the short-term MA20 that is lingering above the price action. RSI remained under 50, suggesting a market that is dominated by sellers. A support at 46.100 – the lowest level in the previous session- may be tested again.

Trade suggestion

Buy Digital Put Option from 46.900​ to​ 46.100 valid until 20:00 GMT July 11, 2017

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

Shares of Marks & Spencer and Pearson Lead Losses, Sending FTSE 100 Sharply Lower

U.K. shares fell sharply on Tuesday, driven lower by shares of consumer goods and heath care companies. Those losses encountered small gains of basic material, utility and financial stocks.

The FTSE 100 index plunged by more than 0.55 percent to trade around 7328.00 in European morning session. Leading the list of losers, shares Pearson PLC tumbled in the wake of a $1 billion stake-selling deal. The publishing and education company witnessed its shares lose nearly 2.5 percent after it sold 22% stake in Penguin Random House for $1 billion to Bertelsmann SE – a German media company.

Contributing to weighting down the overall performance, shares of Marks & Spencer were also on a sharp downtrend. Equities of the department-store operator dropped nearly 2.3 percent following reports showed fiscal first-quarter 2018 like-for-like sales in the U.K. fell 0.5%.

Trade suggestion

Buy Digital Put Option from 7320.00 to 7280.00 valid until 20:00 GMT July 11, 2017

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

British Pound Loses Ground Versus Dollar Following BOE Deputy’s Warning

Sterling tumbled versus its American counterpart on Tuesday after Bank of England Deputy Governor Ben Broadbent warned about a reduction in trade for both the British economy and the EU’s in the aftermath of the U.K.’s leaving.

The pair GBPUSD dropped more than 0.3 percent to trade around 1.284 in early North American trading session on Tuesday. During a speech to the Scottish Council for Development and Industry in Aberdeen, BOE Deputy Broadbent said that Britain’s economy would be dragged down by Brexit which looks set to impact on existing trade links between the country and the European Union.

Meanwhile, the dollar held on gains versus its peers ahead of Federal Reserve Chair Janet Yellen’s testimonies. Yellen is scheduled to deliver her semi-annual monetary policy testimony before the Senate Banking Committee on Wednesday and in front the House Financial Services Committee on Thursday. Investors will looking for Yellen’s comments which may provide fresh cues on the future path of interest rates.

Trade suggestion

Buy Digital Put Option from 1.28400 to 1.28000 valid until 20:00 GMT July 11, 2017

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

GBP/USD

From 1.29000
Till 1.28700
Option Digital
Direction Put
Expiry GMT 21:00 11/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 12, 2017



Asian shares were mixed on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan ticking up 0.4 percent. Meanwhile, Japanese equities lost ground as the yen rose 0.5 percent, the most in a week, to 113.36 per dollar. Japan's yen-sensitive Nikkei index slid 0.3 percent while Japan’s Topix Index lost 0.6 percent.

Australia’s S&P/ASX 200 Index​ was also on a downtrend, declining​ 0.8 percent. South Korea’s Kospi Index​ and the Shanghai Composite Index​ fell 0.1 percent​ and 0.2 percent, respectively.​ By contrast,​ led by banks,​ Hong Kong’s Hang Seng Index​ jumped above the key 26,000 mark after having surged 0.8 percent.

The U.S. dollar inched lower against its rivals after Federal Reserve Governor Lael Brainard on Tuesday said she wanted to “monitor inflation developments carefully”. Brainard said the Fed’s current policy rate was not far from its neutral level and further increases in the federal funds rate should be considered cautiously in order not to restrain inflation growth. The U.S. dollar index lost 0.24 percent to trade at 95.53.

Crude oil futures prices continued to advance in Asia on Wednesday, extending their up moves to a third trading session in a row. The price was supported by a report released by the U.S. Energy Information Administration on Tuesday which showed that the EIA expected U.S. crude oil output to increase by less than previously anticipated next year given a lower price outlook.

Meanwhile, the latest American Petroleum Institute (API) inventory data pointed to a draw of 8.13 million barrels for the week ending July 7th. This followed a draw of 5.76 million barrels recorded in the previous week and topped market’s expectation for a draw of around 2.5 million barrels last week. Official data from the Energy Information Administration will be published later in the day.



Technicals

AUDUSD



Fig:​ AUDUSD​ H4 Technical Chart

AUDUSD has been tracing a sharp uptrend​ after having broken out of a period of moving sideways around the 23.6% Fibonacci retracement. The price action has also been liberated from the constraint of the long-term MA50. Both RSI and ADX are on a strong rise, which may send the price higher to a resistance at 0.77000.

Trade suggestion

Buy Digital Call Option from 0.76600​ to​ 0.77000 valid until 20:00 GMT July 12, 2017



AUDNZD


Fig:​ AUDNZD​ H4 Technical Chart

AUDUSD breached the 23.6% Fibonacci retracement yesterday and also broke out of a firm resistance at 1.05500 – the level that forced the pair to reverse lower on June 15th​ and June 04th. The short-term MA20 has crossed over the long-term MA50 from below, confirming the uptrend. A resistance at 38.2% Fibonacci level is expected to be tested.

Trade suggestion

Buy Digital Call Option from 1.05800​ to​ 1.06200 valid until 20:00 GMT July 12, 2017



BRENT



Fig:​ BRENT​ H4 Technical Chart

Brent crude oil futures prices once again rebounded from a significant level at 38.2% Fibonacci retracement. As can be seen from the chart, the price action has surpassed both the short-term MA20 and the long-term MA50 from below, confirming the reversal into an uptrend. RSI continued to point higher while ADX​ index is edging higher, signaling further advances for the commodity.

Trade suggestion

Buy Digital Call Option from 48.320​ to 49.150​ valid until 20:00 GMT July 12, 2017



COPPER



Fig:​ COPPER​ H4 Technical Chart

Copper bounced back from a support at 23.6% Fibonacci retracement and has brought its price action above both the short-term MA20 and the long-term MA50.​ Further advances to a resistance at 2.7160 are expected as all indices are supporting the price. While RSI is heading upwards, ADX index is edging higher with a widening gap between two DI lines.

Trade suggestion

Buy Digital Call Option from 2.6860​ to​ 2.7160 valid until 20:00 GMT July 12, 2017



NASDAQ 100



Fig:​ NASDAQ 100 Index​ H4 Technical Chart

NASDAQ 100 index has been facing a firm resistance at 5720.00. The U.S. stock benchmark index has been supported by two MAs that are lingering below the price action and looked set to trade higher. The RSI index which is at as high as 62.32 indicates a strong bullish force in the market. A resistance at 5770.00 is within the sight.

Trade suggestion

Buy Digital Call Option from 5720.00​ to 5770.00​ valid until 20:00 GMT July 12, 2017


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

WTI Crude Jumps on The Back of Reports Forecasting Lower Output from the U.S.

U.S. crude oil futures prices continued to advance in Asia on Wednesday, extending their up moves to a third trading session in a row. The price was supported by a report anticipating that U.S. crude production may not rise as much as previously forecast.

The U.S. West Texas Intermediate crude August contract jumped 1.6 percent to trade around $45.77 a barrel on Wednesday. The U.S. Energy Information Administration on Tuesday said that it expected U.S. crude oil output to increase by less than previously anticipated next year given a lower price outlook.

According to the agency’s latest monthly short-term energy outlook, it trimmed its forecast for 2018 crude oil output to a rise of 570,000 barrels per day from last month’s forecast of a 680,000 bpd year-over-year increase. If confirmed, U.S. oil production would reach 9.9 million barrels per day next year. The agency’s forecast for 2017, which calls for an output of 9.3 million bpd, is unchanged.

Meanwhile, the latest American Petroleum Institute (API) inventory data pointed to a draw of 8.13 million barrels for the week ending July 7th. This followed a draw of 5.76 million barrels recorded in the previous week and topped market’s expectation for a draw of around 2.5 million barrels last week.

Official data from the Energy Information Administration will be published later in the day.

Crude oil futures prices once again rebounded from a significant level at 38.2% Fibonacci retracement. As can be seen from the chart, the price action has surpassed both the short-term MA20 and the long-term MA50 from below, confirming the reversal into an uptrend. RSI continued to point higher while ADX index is edging higher, signalling further advances for the commodity.

Trade suggestion

Buy Digital Call Option from 45.800 to 46.300 valid until 20:00 GMT July 12, 2017

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

U.K. Shares Advance Following Job Data, Supported by A Jump in Burberry

U.K. shares jumped on Wednesday, supported by gains in oil and gas and consumer-goods stocks as well as bullish sentiment coming after better-than-expected job data.

The U.K.’s benchmark FTSE 100 added more than 0.7 percent to trade at 7,383.76. Shares of Burberry Group PLC led the list off gainers, climbing 2.41 percent after the British luxury retailer posted retail revenue of 478 million pounds ($615.6 million) in the fiscal first quarter ended June 30. The reading marked a rise of 3% compared with the same period last year.

Meanwhile, data released by the Office for National Statistics showed that the jobless rate in the U.K. unexpectedly decreased in May. Indeed, the rate of unemployment was reported to fall to 4.5% in May, beating analysts’ forecast for an unchanged rate at a four-decade low of 4.6%.

The ONS also published data on the number of people claiming unemployment-related benefits that increased by a seasonally adjusted 6,000 in June. That was well below expectations that called for a gain of 10,000 people.

Trade suggestion

Buy Digital Call Option from 7385.00 to 7405.00 valid until 20:00 GMT July 11, 2017


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

EUR/CAD

From 1.46300
Till 1.45600
Option Digital
Direction Put
Expiry GMT 21:00 12/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 13, 2017



Asian shares advanced on Thursday after Fed Chair Janet Yellen’s comments supported the Dow Jones Industrial Average to hit a new all-time high in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan soared 1.2 percent to its highest since May 2015 following a jump on Wall Street. At the close in NYSE, the Dow Jones Industrial Average climbed 0.57%, the S&P 500 index soared 0.73%, and the NASDAQ Composite index surged 1.10%.

Hong Kong’s Hang Seng Index took off to reach the highest since July 2015 after adding 1 percent. A gauge of Chinese companies listed in Hong Kong gained 1.5 percent, while the Shanghai Composite Index edged 0.4 percent higher. Australia’s S&P/ASX 200 Index and South Korea’s Kospi Index were also on sharp rises with each advancing more than 1 percent. By contrast, Japan’s Topix index fell 0.1 percent.

The Canadian dollar continued to edge higher versus its American counterpart on Thursday after rallying more than 1 percent to C$1.2681 overnight – its strongest level since June 23rd 2016. The Bank of Canada on Wednesday hiked its interest rates by 25 basis points for the first time in roughly seven years. As the rate hike had already been expected by markets, the Loonie was actually supported by upbeat statement released by the central bank which supported the view of more hikes in coming months.

Meanwhile, the dollar lost ground against most of its peers following the Federal Reserve’s Chair Janet Yellen’s semiannual appearance before Congress on Wednesday. Yellen expressed confidence in the U.S. economy but also signaled that monetary tightening won’t be more than gradual given low inflation growth.



Technicals

EURUSD



Fig: EURUSD H4 Technical Chart

As can be seen from the price chart, EURUSD has been supported by two moving averages that are lingering below the price action. The pair fell to as low as 1.13900 after falling from a resistance at 1.14900 – the highest level since early May 2016. With RSI heading higher which indicates a strengthening bullish trend, the pair is expected to retest this level.

Trade suggestion

Buy Digital Call Option from 1.14400 to 1.14900 valid until 20:00 GMT July 13, 2017



NZDUSD


Fig: NZDUSD H4 Technical Chart

NZDUSD has officially escaped the restraint of two MAs. The price action broke above these moving averages in early trade on Thursday and is heading higher to test a firm resistance at 0.73400. Both indices are confirming the uptrend with RSI index edging higher while ADX index witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 0.72900 to 0.73400 valid until 20:00 GMT July 13, 2017



COPPER



Fig: Copper H4 Technical Chart

Copper resumed its uptrend following a short correction from as high as 2.6974 with its price action remaining to be above both the short-term MA20 and the long-term MA50. Further advances to a resistance at 2.7160 are expected as all indices are supporting the price. While RSI is heading upwards, ADX index is witnessing its +DI line edging higher.

Trade suggestion

Buy Digital Call Option from 2.6900 to 2.7160 valid until 20:00 GMT July 13, 2017



NASDAQ 100



Fig: NASDAQ 100 H4 Technical Chart

Nasdaq 100 index has been tracing a sharp uptrend which brought the pair above a firm resistance at 5770.00 and also sent the market into the overbought zone. With ADX index soaring strongly, which showed a dominating bullish force in the market, the stock benchmark index may retest a resistance at 5840.00 – the highest level since June 26th.

Trade suggestion

Buy Digital Call Option from 5800.00 to 5840.00 valid until 20:00 GMT July 13, 2017

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

Supported by BOC’s Rate Hike, Loonie Extends Rally Versus Dollar After Yellen’s Dovish Comments

The Canadian dollar continued to edge higher versus its American counterpart on Thursday after having taken off in the previous session. The pair USDCAD tumbled to nearly-thirteen-month lows after the BOC raised interest rates while Fed Chair Yellen did not sound as hawkish as expected.

The Loonie added nearly 0.1 percent to trade around C$1.2741 in Asian morning session after rallying more than 1 percent to C$1.2681 overnight – its strongest level since June 23rd 2016.

The Bank of Canada on Wednesday hiked its interest rates by 25 basis points for the first time in roughly seven years. As the rate hike had already been expected by markets, the Loonie was actually supported by upbeat statement released by the central bank which supported the view of more hikes in coming months.

According to data from the overnight index swaps market, there is a greater than 80 percent chance of another rate increase by December.

Meanwhile, the dollar lost ground against most of its peers following the Federal Reserve’s Chair Janet Yellen’s semiannual appearance before Congress on Wednesday. Yellen expressed confidence in the U.S. economy but also signaled that monetary tightening won’t be more than gradual given low inflation growth. Yellen’s comments echoed her colleague – Federal Reserve Governor Lael Brainard’s view.

Brainard on Tuesday said she wanted to “monitor inflation developments carefully” and that the Fed’s current policy rate was not far from its neutral level. The Fed official claimed that further increases in the federal funds rate should be considered cautiously in order not to restrain inflation growth.

Trade suggestion

Buy Digital Put Option from 1.27300 to 1.26800 valid until 20:00 GMT July 12, 2017

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

Natural Gas Trades Higher, Boosted by Less-than-expected U.S. Storage Data

U.S. natural gas futures advanced on Thursday, boosted higher than a weekly report showing natural gas supplies in storage in the U.S. rose less than expected last week.

Natural gas for delivery in August added nearly 0.9 percent on the New York Mercantile Exchange to trade around $3.0010 in North American trade on Thursday.

Data released by the U.S. Energy Information Administration showed that natural gas storage in the U.S. rose by 57 billion cubic feet in the week ending on July 7. This was below analysts’ forecast for an increase of 59 billion.

According to the report, total stocks now stand at 2.945 trillion cubic feet, down 289 billion cubic feet from a year ago, but 172 billion cubic feet above the five-year average.

Trade suggestion

Buy Digital Call Option from 3.0100 to 3.0400 valid until 20:00 GMT July 13, 2017

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

EUR/NZD

From 1.56500
Till 1.55500

Option Digital
Direction Put
Expiry GMT 21:00 13/07/2017