Daily Market Updates & Trading Signals By Option Banque

This is a discussion on Daily Market Updates & Trading Signals By Option Banque within the Daily Analysis forums, part of the Commercial category; The USD/JPY pair lost 150 pips on Friday, closing at its lowest level since mid July. The Japanese yen was ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 24, 2015, 6:48am   #17
Joined Jul 2015
USD/JPY Continues Steep Losses Amid China’s Economic Slowdown

Option_Banque started this thread The USD/JPY pair lost 150 pips on Friday, closing at its lowest level since mid July. The Japanese yen was boosted by the ongoing risk aversion sentiment triggered by China’s economic slowdown, and fading expectations over a rate hike by the US Federal Reserve in September.
The pair extended downside movement on Monday, sliding down to less than 120.80 during the Asian session.
Additionally, US 10-year yields fell down to 2.05%, boosting the Japanese currency, while macroeconomic data in Japan, continues to be up beating.
The pair has broken below its 100 DMA now around 122.80 and a major resistance for the upcoming days, and the daily chart favors a continued decline towards the 200 DMA, currently at 120.80, as the technical indicators head almost vertically lower, now approaching oversold readings.
Click the image to open in full size.
Intraday, the pair is extremely oversold, with the RSI indicator hardly losing its bearish momentum around 14. Despite the extreme oversold readings, the pair may well extend its decline, without much of an upward correction in between, particularly on a break below 121.80, last Friday’s low.
Option_Banque is offline   Reply With Quote
Old Aug 25, 2015, 7:15am   #18
Joined Jul 2015
Eur/usd skyrockets to the highest level since january

Option_Banque started this thread The EUR/USD pair surged to a daily high of 1.1713, before giving up half of its intraday gains, closing the day however, at levels not seen since January this year.
The 1 hour chart shows that pair retreated down to 1.1517 after reaching the mentioned high, struggling now a few pips above the 38.2% retracement of today’s run at 1.1580.
In the same chart, the technical indicators have corrected extreme overbought readings and stabilized well above their mid-lines, whilst the 20 SMA heads strongly higher, converging with the 61.8% retracement of the same rally around 1.1500.
Click the image to open in full size.
In the 4 hours chart, the technical indicators are slowly beginning to ease, but remain in extreme overbought territory, with the RSI indicator around 90. The wild moves are far from over, and with the Asian opening, the market could run again into panic, making of the technical indicators, worthless intraday tools.
In the meantime, Panic selling took over markets after the Shanghai Composite added another 8.5% decline to last week losses. Stocks sunk worldwide, dragging the USD hundreds of pips lower at the beginning of the American session.
European stocks lost over 4%, whilst US indexes also closed sharply lower. Commodities also collapsed to multi-year lows. Despite the markets have stabilized by the end of the US session, the risk of another round of panic selling looms ahead of the Asian opening. China’s Central Bank may take additional measures, exacerbating the risk aversion sentiment. Additionally, chances of a September rate hike have decreased almost to zero with the latest markets’ developments, which will also weighed on stocks.
Option_Banque is offline   Reply With Quote
Old Aug 26, 2015, 7:12am   #19
Joined Jul 2015
EURUSD Still Looks Good For Call Options

Option_Banque started this thread The EUR/USD pair fell down to 1.1396 before recovering towards the 1.1500 level by the end of the day, as Wall Street reversed its intraday gains and closed the day 200 points down after having posted gains of nearly 450 points earlier in the day.
In short term, the pair seems to have found a short term bottom, as in the 1 hour chart, the technical indicators are recovering partially from near oversold levels, whilst the 100 SMA has advanced well above the 200 SMA, both below the current level, with the shortest offering a strong support around 1.1345.
Click the image to open in full size.
In the 4 hours chart the price is recovering after a brief decline below its 20 SMA, whilst the technical indicators have erased their overbought readings, and now aim slightly higher, well above their mid-lines. Nevertheless, to confirm a stronger recovery, the pair needs to advance beyond 1.1500, the 61.8% retracement of Monday’s fall.
Meanwhile positive data came from Germany, with the final GDP figures for the second quarter of this year matched expectations and the previous review, increasing by 0.4% in the three months ending June and compared to the first quarter of the year, leaving the annual growth rate at 1.6%.
Additionally, the country released its IFO survey, which resulted above expectations in all of its readings. Expectations rose to 102.2 against expectations of 102.00, whilst the Business Climate surged to 108.3 vs. 107.7 expected.
Mid European morning, China’s central bank cut its benchmark lending rate for the fifth time in nine months and also lowered it RRR, quite an unusual movement, in another desperate attempt to control stocks, and prevent the economy from shrinking further.
US data resulted mixes, with sales of new homes up 5.4% in July, to 507,000 missing expectations of 520,000, whilst the Markit Services PMI resulted at 55.2 in August against the 56.0 expected, although Consumer confidence rebounded in August, printing 101.5 up from 91.0 in July.
Option_Banque is offline   Reply With Quote
Old Aug 27, 2015, 7:06am   #20
Joined Jul 2015
Cable Looks Good For Put Options

Option_Banque started this thread The British Pound plummeted to a fresh 2-week low against the greenback, as fears of a delay in a possible rate hike extended to the UK.
The GBP/USD lost over 200 pips daily basis, having been under pressure ever since the European opening, and with no clear catalyst behind the early decline, later supported by dollar’s demand.
The pair trades back around the base of these last 2-month range, which increases the potential of a mid-bearish continuation after the failed upward breakout, earlier this week.
Click the image to open in full size.
In short term, the 1 hour chart shows that the technical indicators are starting to look exhausted towards the downside in extreme oversold levels, but remain far from suggesting an upward correction ahead, whilst the 20 SMA heads sharply lower well above the current price.
In the 4 hours chart, the Momentum indicator heads sharply lower , despite being in oversold territory, whilst the RSI indicator heads lower around 27.
Due to the sharp decline and the fact that the price is at a critical support level, the pair may see some consolidation, or even a shallow bounce, before setting another directional move, yet as long as the price remains below 1.5520, the risk remains towards the downside.
Option_Banque is offline   Reply With Quote
Old Aug 28, 2015, 7:04am   #21
Joined Jul 2015
FTSE100 Surges More Than 200 Points Amid Rally In Chinese Stocks

Option_Banque started this thread The London benchmark, the FTSE 100, gained 2.56% or 220 points, closing the day at 6,192.03, with the advanced led by mining-related shares amid surging Chinese stocks.
Anglo American added 9.5%, Antofagasta jumped 9.5% and Rio Tinto closed up 7%. The index has extended is recovery above Friday’s close, up on the week by 60 points.
Technically, the daily chart shows that the technical indicators maintain their upward strength, but remain still below their mid-lines, whilst the 20 SMA heads strongly lower around 6,470.
In the 4 hours chart, the upside is also favored as the index is now above its 20 SMA, whilst the Momentum indicator heads sharply higher above its 100 level and the RSI is slowly resuming its advance around 52.
Click the image to open in full size.
The daily high stands at 6,231, with an upward acceleration above it supporting a continued advance for this Friday.
Meanwhile US indexes closed sharply higher on Thursday, with the Dow Jones Industrial Average closing the day at 16,654.90 up 370 points or 2.27%, the best two-day point gain ever, following Wednesday advance of 619 points.
The S&P and the Nasdaq rose around 2.45% each, supported by easing concerns over China and a strong US GDP advanced reading for the second quarter of this 2015. The Dow is now above its Friday’s close, finally positive in the week.
Click the image to open in full size.
Technically, the daily chart shows that the technical indicators have continued recovering ground from extreme oversold readings, but are still in negative territory, whilst the moving averages are far above the current level.
In the shorter term, the index is biased higher, as the 4 hours chart shows that the 20 SMA is turning higher well below the current level, whilst the technical indicators maintain strong bullish slopes above their mid-lines.
Option_Banque is offline   Reply With Quote
Old Sep 3, 2015, 5:14am   #22
 
3 Posts
Joined Sep 2015
nice analysis
FxBinaryPoint is offline   Reply With Quote
Old Sep 3, 2015, 5:00pm   #23
Joined Jul 2015
Gold – XAU

Option_Banque started this thread Click the image to open in full size.

Gold closed down on Wednesday and made its intraday high of US$1142.35/ounce after setting intraday low of US$1132.03/ounce. Gold went down by 0.489% at US$1133.76/ounce.

Technicals in Focus:

In daily charts, prices are above 50DMA (1130) and breakage below will call for 1124-1116. MACD is above zero line but histograms are decreasing trend and it will bring pessimistic stance in the upcoming sessions. RSI is in overbought region and more upside is expected. Stochastic Oscillator is in neutral territory and giving Positive crossover to confirm bullish stance for intraday trade.

Spot gold is expected to rise towards a range of $1,137-$1,143 per ounce, as indicated by a double-bottom and a Fibonacci retracement analysis. However, this pattern could only be confirmed when gold climbs above $1,131. Support will be at $1,125, the 14.6 percent level, a break below which could signal a continuation of the downtrend towards $1,117.35.

Trading Strategy: Neutral

Based on the charts and explanations above; sell below 1142-1162 keeping stop loss above 1162 and targeting 11137-1124 and 1116-1109; breakage above 1169 will be buy call keeping target of 1174-1179. Buy above 1124-1109 with risk below 1101, targeting 1136-1145 and 1154-116.
Option_Banque is offline   Reply With Quote
Old Sep 4, 2015, 3:55pm   #24
Joined Jul 2015
FTSE Poised For Major Move Amid NFP Release

Option_Banque started this thread
Click the image to open in full size.
The FTSE 100 followed European equities higher, with the London benchmark advancing 1.82% and closing the day at 6,194.10, after the ECB suggested it could extend its bond buying program, if required.

Airlines were among the biggest winners, after Easyjet forecast profits of between £675m and £700m thanks to record traffic figures, ending up 5.4%, whilst IAG surged also with the news, up 4.6%. For more forex technical analysis articles you may visit fxbinarypoint forum.

The index has now more technical chances of extend its advance, as the technical indicators surged above previous weekly highs and maintain their bullish strength, although still below their mid-lines.

The 20 SMA in the same chart heads sharply lower well above the current level, which means the downward risk is not over yet. In the 4 hours chart, the outlook is less clear, as despite the index holds above a mild bullish 20 SMA, the technical indicators turned lower around their mid-lines, limiting chances of a stronger advance, unless the index managed to extend beyond 6,259, last Friday’s high
Option_Banque is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market Profile - Daily updates Chris_Shaw Futures & Options 124 Oct 27, 2015 12:52pm
NCDEX Trading Tips and Market Updates mxguru Commodities & Money Markets 0 Sep 26, 2013 5:08pm
Broker with Daily Binary Option on the S&P 500 ml123 Brokerages 8 Jun 14, 2013 6:39pm
Daily trading updates from the forex geek theforexgeek Trading Journals 69 Aug 29, 2012 1:51pm
futures trading daily updates mattdibb Futures & Options 0 Nov 28, 2011 7:26am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)