Option_Banque
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Signals by Option Banque
Daily Report on July 14th, 2017
Asian shares extended their upbeat moves on Friday, looking set to end the week on a high note after the Dow Jones Industrial Average reached a fresh all-time record high. U.S. stocks closed higher on Thursday thanks to dovish comments from Federal Reserve Chair Janet Yellen who reiterated her intention to tighten only gradually as inflation remains persistently below target.
The MSCI Asia Pacific Index added 0.2 percent in the last trading session of the week, contributing to a weekly advance of 2.5 percent. Shares in Japan were also on a rise with the Nikkei 225 edging 0.2 percent while Japan’s Topix index jumping 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi rose 0.5 percent and 0.2 percent, respectively.
By contrast, Hong Kong’s Hang Seng retreated 0.1 percent after its 3.9 percent surge on the week, the Shanghai Composite Index dropped 0.2 percent and the Shenzhen Composite Index dropped nearly 0.3 percent.
Investors were waiting for major U.S. banks to start reporting quarterly results on Friday. Some of the fund's top holdings namely JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co are scheduled to report their second-quarter earnings results on Friday while others, including Goldman Sachs Group Inc, Morgan Stanley and Bank of America Corp are due to post results next week.
Technicals
AUDNZD
Fig: AUDNZD H4 Technical Chart
AUDNZD has been trading sideways above a support at 1.05500 since July 12th. The pair, however, has been supported by two MAs which are lingering below the price action, especially the short-term MA20. Further advances are expected given the RSI index that is heading upwards which shows a strengthening upward trend.
Trade suggestion
Buy Digital Call Option from 1.05800 to 1.06300 valid until 20:00 GMT July 14, 2017
AUDCAD
Fig: AUDCAD H4 Technical Chart
AUDCAD rebounded from as low as 0.98250 - the firm support that forced the pair to reverse higher one week ago. The short-term MA20 has crossed over long-term MA50 from below, which suggests a reversal into an uptrend. Both RSI and ADX index are pointing upwards, signaling further advances. A resistance at 61.8% Fibonacci retracement is within the trend.
Trade suggestion
Buy Digital Call Option from 0.98700 to 0.99100 valid until 20:00 GMT July 14, 2017
Natural Gas
Fig: Natural Gas H4 Technical Chart
Natural has fallen into a consolidation after having hit a support at 2.9500. The commodity had to rebound higher after facing this level in early-July. However, RSI remained below 50, indicating a market dominated by sellers. In the event of continual downtrend, a support at 2.8800 is expected to be tested.
Trade suggestion
Buy Digital Put Option from 2.9500 to 2.8800 valid until 20:00 GMT July 14, 2017
DAX 30 Index
Fig: DAX 30 Index H4 Technical Chart
Germany’s DAX 30 index has fallen into a period of correction following sharp moves on Wednesday. The price action surged above the long-term M50 and also surpassed a resistance at 12540.00. RSI index has been standing on the verge of falling into the overbought zone. With a strong bullish force the index is expected to edge higher to test another resistance at 12750.00.
Trade suggestion
Buy Digital Call Option from 12660.00 to 12750.00 valid until 20:00 GMT July 14, 2017
*************************************
Sterling Jumps Above 1.3000 After U.S. Data Fall Below Expectations
The British Pound soared to nearly ten-month highs versus the dollar on Friday, supported by hawkish comments from a BOE official. Meanwhile, the greenback traded lower after a pair of data releases disappointed markets.
The pair GBPUSD added more than 1.0 percent in the last session of the week to trade above $1.3000 for the first time since September 22nd, 2016. Sterling extended recent gains on the back of comments from Bank of England policy maker Ian McCafferty. The BOE policy maker claimed that the central bank should unwind its 435 billion pound quantitative easing program earlier than planned given strong jobs data and 42-year-low unemployment rate.
By contrast, the dollar lost ground versus most of its peers, continuing to slide further after downbeat inflation and retail sales data. The U.S. Bureau of Labor Statistics on Friday reported that the consumer price index was unchanged in June. Analysts had expected for a rise of 0.1%. On a yearly basis, the rate of inflation slowed to 1.6% in June (the smallest gain since October 2016) from 1.9% in the prior month.
Meanwhile, data on retail sales were reported to unexpectedly fall 0.2% last month following a decline of 0.3 percent in May.
Trade suggestion
Buy Digital Call Option from 1.30700 to 1.31100 valid until 20:00 GMT July 14, 2017
***********************************************
U.S. Shares Edge HIgher but Financial Sector Caps Gains Following Earnings Results
U.S. shares were mostly higher on Friday except for stocks of major banks which turned sharply lower after some of the nation’s biggest banks second-quarter earnings results.
The stock benchmark S&P 500 index added more than 0.2 percent to trade at 2450.00 in the morning session on Friday with ten out of eleven sectors trading higher. Real estate and utilities shares led gains, advancing 0.99% and 0.63%, respectively.
Financial shares capped the overall performance. The banking sector dropped more than 0.9 percent with equities of Morgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. C losing at least 1 percent. Although second-quarter results mostly beat Wall Street expectations, bank officials pointed to weakness in areas including trading of bonds and stocks.
Trade suggestion
Buy Digital Call Option from 2452.00 to 2460.00 valid until 20:00 GMT July 14, 2017
***************************************************
GBP/CHF
From 1.25700
Till 1.26100
Buy Option Digital
Direction Call
Expiry GMT 21:00 14/07/2017
Daily Report on July 14th, 2017
Asian shares extended their upbeat moves on Friday, looking set to end the week on a high note after the Dow Jones Industrial Average reached a fresh all-time record high. U.S. stocks closed higher on Thursday thanks to dovish comments from Federal Reserve Chair Janet Yellen who reiterated her intention to tighten only gradually as inflation remains persistently below target.
The MSCI Asia Pacific Index added 0.2 percent in the last trading session of the week, contributing to a weekly advance of 2.5 percent. Shares in Japan were also on a rise with the Nikkei 225 edging 0.2 percent while Japan’s Topix index jumping 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi rose 0.5 percent and 0.2 percent, respectively.
By contrast, Hong Kong’s Hang Seng retreated 0.1 percent after its 3.9 percent surge on the week, the Shanghai Composite Index dropped 0.2 percent and the Shenzhen Composite Index dropped nearly 0.3 percent.
Investors were waiting for major U.S. banks to start reporting quarterly results on Friday. Some of the fund's top holdings namely JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co are scheduled to report their second-quarter earnings results on Friday while others, including Goldman Sachs Group Inc, Morgan Stanley and Bank of America Corp are due to post results next week.
Technicals
AUDNZD
Fig: AUDNZD H4 Technical Chart
AUDNZD has been trading sideways above a support at 1.05500 since July 12th. The pair, however, has been supported by two MAs which are lingering below the price action, especially the short-term MA20. Further advances are expected given the RSI index that is heading upwards which shows a strengthening upward trend.
Trade suggestion
Buy Digital Call Option from 1.05800 to 1.06300 valid until 20:00 GMT July 14, 2017
AUDCAD
Fig: AUDCAD H4 Technical Chart
AUDCAD rebounded from as low as 0.98250 - the firm support that forced the pair to reverse higher one week ago. The short-term MA20 has crossed over long-term MA50 from below, which suggests a reversal into an uptrend. Both RSI and ADX index are pointing upwards, signaling further advances. A resistance at 61.8% Fibonacci retracement is within the trend.
Trade suggestion
Buy Digital Call Option from 0.98700 to 0.99100 valid until 20:00 GMT July 14, 2017
Natural Gas
Fig: Natural Gas H4 Technical Chart
Natural has fallen into a consolidation after having hit a support at 2.9500. The commodity had to rebound higher after facing this level in early-July. However, RSI remained below 50, indicating a market dominated by sellers. In the event of continual downtrend, a support at 2.8800 is expected to be tested.
Trade suggestion
Buy Digital Put Option from 2.9500 to 2.8800 valid until 20:00 GMT July 14, 2017
DAX 30 Index
Fig: DAX 30 Index H4 Technical Chart
Germany’s DAX 30 index has fallen into a period of correction following sharp moves on Wednesday. The price action surged above the long-term M50 and also surpassed a resistance at 12540.00. RSI index has been standing on the verge of falling into the overbought zone. With a strong bullish force the index is expected to edge higher to test another resistance at 12750.00.
Trade suggestion
Buy Digital Call Option from 12660.00 to 12750.00 valid until 20:00 GMT July 14, 2017
*************************************
Sterling Jumps Above 1.3000 After U.S. Data Fall Below Expectations
The British Pound soared to nearly ten-month highs versus the dollar on Friday, supported by hawkish comments from a BOE official. Meanwhile, the greenback traded lower after a pair of data releases disappointed markets.
The pair GBPUSD added more than 1.0 percent in the last session of the week to trade above $1.3000 for the first time since September 22nd, 2016. Sterling extended recent gains on the back of comments from Bank of England policy maker Ian McCafferty. The BOE policy maker claimed that the central bank should unwind its 435 billion pound quantitative easing program earlier than planned given strong jobs data and 42-year-low unemployment rate.
By contrast, the dollar lost ground versus most of its peers, continuing to slide further after downbeat inflation and retail sales data. The U.S. Bureau of Labor Statistics on Friday reported that the consumer price index was unchanged in June. Analysts had expected for a rise of 0.1%. On a yearly basis, the rate of inflation slowed to 1.6% in June (the smallest gain since October 2016) from 1.9% in the prior month.
Meanwhile, data on retail sales were reported to unexpectedly fall 0.2% last month following a decline of 0.3 percent in May.
Trade suggestion
Buy Digital Call Option from 1.30700 to 1.31100 valid until 20:00 GMT July 14, 2017
***********************************************
U.S. Shares Edge HIgher but Financial Sector Caps Gains Following Earnings Results
U.S. shares were mostly higher on Friday except for stocks of major banks which turned sharply lower after some of the nation’s biggest banks second-quarter earnings results.
The stock benchmark S&P 500 index added more than 0.2 percent to trade at 2450.00 in the morning session on Friday with ten out of eleven sectors trading higher. Real estate and utilities shares led gains, advancing 0.99% and 0.63%, respectively.
Financial shares capped the overall performance. The banking sector dropped more than 0.9 percent with equities of Morgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. C losing at least 1 percent. Although second-quarter results mostly beat Wall Street expectations, bank officials pointed to weakness in areas including trading of bonds and stocks.
Trade suggestion
Buy Digital Call Option from 2452.00 to 2460.00 valid until 20:00 GMT July 14, 2017
***************************************************
GBP/CHF
From 1.25700
Till 1.26100
Buy Option Digital
Direction Call
Expiry GMT 21:00 14/07/2017