Daily Market Updates & Trading Signals By Option Banque

[Option_Banque]

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

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 17, 2017



Asian shares surged strongly on Monday, setting a fresh two-year record high after the releases of better-than-expected data from China. Besides, stock markets were also boosted by bets that lackluster U.S. data will restrain the Federal Reserve from aggressively raising its interest rates. While Japanese markets were closed for a holiday, the MSCI Asia Pacific Index jumped 0.4 percent after a rise of 3.1percent last week.

Australian shares reversed losses, adding 0.1 percent after having started the day in negative territory. . South Korea’s Kospi jumped 0.4 percent and Hong Kong’s Hang Seng Index climbed 0.6 percent. Boosted higher by upbeat economic data, the CSI 300 was 0.2 percent higher, after slumping as much as 2.2 percent earlier. The Shanghai Composite also narrowed earlier losses to 0.1 percent after plunging by as much as 2.6 percent earlier.

According to the National Bureau of Statistics, China’s economy grew 6.9 percent in the second quarter compared to one year ago. Although remaining at the same year-on-year growth rate, China’s GDP picked up to 1.7 percent on a quarterly basis, from 1.3 percent in the first quarter. China’s retail sales were reported to rise 11.0 percent in June from a year earlier, the fastest pace since December 2015. The reading beat analysts' expectations for a 10.6 percent rise.

While industrial output rose 7.6 percent in June from a year earlier, the Fixed-asset investment climbed 8.6 percent in the first half of this year. Both data topped markets’ expectations.

Crude oil prices inched higher on Monday with West Texas Intermediate crude advancing 0.2 percent to $46.64 a barrel, heading for a sixth day of gains. The energy services company Baker Hughes last Friday reported that U.S. drillers added two oil rigs in the week to July 14, which brings the total count up to 765, the most since April 2015.



Technicals

AUDNZD



AUDNZD has been trading sideways after a sharp surge above the 38.2% Fibonacci retracement. The pair, however, is likely to edge higher to test a resistance at 50.0% Fibonacci level. While the RSI index has soared to as high as 72.89 and fell into the overbought zone, the ADX index continues to be on a rise which indicates a strong uptrend.

Trade suggestion

Buy Digital Call Option from 1.06600 to 1.07000 valid until 20:00 GMT July 17, 2017



EURGBP


EURGBP has been struggling around the level 0.87500 after having fallen from as high as 0.89500. The short-term MA20 has converged with the long-term MA50, confirming the downtrend. The RSI is at 29.51, showing a dominating selling force in the market. A support at 23.6% Fibonacci retracement is in the sight.

Trade suggestion

Buy Digital Put Option from 0.87500 to 0.87000 valid until 20:00 GMT July 17, 2017



COPPER


Copper retreated a little bit after having retested a three-month high at 2.7173. With the support from two MAs which are hanging below the price action, copper price is anticipated to reverse higher to test a resistance at 2.7150. Both ADX and RSI indices are hiking, confirming the signal for further upbeat moves.

Trade suggestion

Buy Digital Call Option from 2.7150 to 2.7450 valid until 20:00 GMT July 17, 2017



Natural Gas



Natural Gas futures prices extended gains after surpassing a dynamic resistance at the short-term MA20. The commodity is heading towards a firm resistance at 38.2% Fibonacci retracement. While the RSI is pointing higher, ADX index is witnessing a widening gap between the +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 3.0050 to 3.0450 valid until 20:00 GMT July 17, 2017

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

Shares of BlackRock Decline After Downbeat Q2 Earnings Report

Shares of BlackRock Inc. tumbled more than 3 percent in premarket trade on Monday after the firm reported second quarter earnings and revenue that missed analysts’ expectations.

BlackRock shares dropped 3.27% to trade around $424.00 per share on Monday following a gain of 0.11% after the close on Friday. The world’s largest asset manager posted second quarter earnings per share of $5.24 on revenue of $2.965 billion after excluding non-recurring items. That missed forecast for EPS of $5.39 on revenue of $3.02 billion.

Net profit was reported to advance to $857 million, or $5.22 a share, from $789 million, or $4.73 a share, in the same period a year ago while the firm’s assets under management rose 16% on a yearly basis to $5.689 trillion, topping analyst expectations.

Trade suggestion

Buy Digital Put Option from 424.00 to 420.00 valid until 20:00 GMT July 17, 2017

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

GBP/AUD

From 1.66900
Till 1.66400

Option Digital
Direction Put
Expiry GMT 21:00 17/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 18, 2017



European shares dropped on Tuesday, dragged down by a strengthening euro that soared steeply to a 14-month high against the U.S. dollar while disappointing corporate earnings reports weighed on shares of Ericsson and Lufthansa. The Stoxx Europe 600 shed 0.4 percent with only the health care sector trading higher. In Frankfurt, DAX 30 index lost 0.51%, while France’s CAC 40 index was down nearly 0.3%.

Shares of Ericsson tumbled nearly 11 percent on Tuesday after the Stockholm-based company reported a bigger-than-expected net loss of 1.01 billion Swedish kronor ($122.3 million) in the second quarter. The Swedish telecom-equipment maker also warned that earnings could weaken further as the market continues to struggle.

According to the Office for National Statistics, the UK's inflation rate unexpectedly slowed to 2.6 percent in June after having hit a near four-year high at 2.9 percent in May, a near four-year high. The pound reversed gains versus the dollar in response to the figures as markets were expecting that a further increase in the inflation rate might raise the possibility of the BOE’s policy makers raising the benchmark interest rate from a record low of 0.25%.

The Aussie surged as much as 1.3 percent against the greenback to jump above 79 U.S. cents - its highest level since May 2015.The Reserve Bank of Australia published the minutes of its July policy meeting on Tuesday which showed the central bank were more optimistic about the jobs market and economy growth of Australia. According to the minutes, the RBA expected quarterly growth to have increased in the second quarter while said that the stronger labor market removes “some of the downside risk” to its wage-growth forecasts.



Technicals

EURUSD



EURUSD has been tracing an uptrend which sent the pair to 14-month highs on Tuesday. The pair breached a resistance at 1.14900 and is heading towards the highest level since May 02, 2016. Both RSI and ADX indices are heading higher, which indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 1.15600 to 1.16000 valid until 20:00 GMT July 18, 2017



EURGBP


EURGBP rebounded from a firm support at 0.87450 and has been soaring steeply since then. The pair did not only breach both short-term and long-term MAs but also surpassed a strong resistance at 0.88600. While RSI is rising, ADX index is pointing higher with a widening gap between +DI and –DI lines. The currency pair is expected to retest another firm resistance at 0.89400.

Trade suggestion

Buy Digital Call Option from 0.88800 to 0.89400 valid until 20:00 GMT July 18, 2017



BRENT


As can be seen from the price chart, BRENT crude has been supported by two MAs that are lingering below the price action. The commodity price rebounded after hitting the short-term MA20. The commodity price may test a significant level at 50.000 with the market dominated by buyers, as indicate by RSI and ADX indices.

Trade suggestion

Buy Digital Call Option from 49.300 to 50.000 valid until 20:00 GMT July 18, 2017



DAX 30


Germany’s DAX 30 index gapped down on Tuesday, opening below the short-term MA20. The stock benchmark index extended its downtrend and brought its price action below the long-term MA50 as well. While RSI index is pointing lower, ADX index is on a rise, suggesting further down moves. A support at 12350.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 12430.00 to 12350.00 valid until 20:00 GMT July 18, 2017

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

The Aussie Targets the Level 80 U.S. cents After RBA’s July Meeting’s Minutes

Australian dollar extended gains versus its American counterpart after having surged steeply in Asian trading session on Tuesday. The Aussie was boosted higher following the release of the RBA’s latest meeting minutes.

The Aussie surged as much as 1.3 percent against the greenback to jump above 79 U.S. cents – its highest level since May 2015. The pair AUDUSD looks set to build on its rally and may surge to 80 U.S. cents, the strongest level in more than two years.

The Reserve Bank of Australia published the minutes of its July policy meeting on Tuesday which showed the central bank were more optimistic about the jobs market and economy growth of Australia. According to the minutes, the RBA expected quarterly growth to have increased in the second quarter while said that the stronger labor market removes “some of the downside risk” to its wage-growth forecasts.

Trade suggestion

Buy Digital Call Option from 0.79100 to 0.79500 valid until 20:00 GMT July 18, 2017

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

Netflix Passes the 100 Million Subscriber Milestone, Shares Jump More than 10%

Shares of Netflix Inc. took off by more than 10 percent in after-hours trading on Monday after the streaming giant reported better-than-expected subscriber growth in its second quarter.

Netflix witnessed its shares jump nearly 10.7 percent to trade at $178.98 per share as the company reported adding a second-quarter record 5.2 million subscribers. Netflix reported net income of $65.60 million, or 15 cents per share for the three-month period to June. That was well above the net income of $40.76 million, or 9 cents per share recorded during the year-earlier period.

Revenue for the quarter was reported to hit $2.79 billion, up from $2.11 billion during the same period a year ago. With 5.2 million subscribers added in the last three months (1.1 million domestic and 4.1 million international), Netflix passed the 100 million subscriber milestone. Analysts had forecast that Netflix would add only 631,000 subscribers in the U.S. and Canada and 2.6 million overseas.

Trade suggestion

Buy Digital Call Option from 179.00 to 182.00 valid until 20:00 GMT July 18, 2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 19, 2017



Asian share were mostly higher on Wednesday while European stock markets gained ground as the euro retreated. Asian equities were supported by investors’ optimism about China's ongoing economic transition with Chinese shares leading in Asia. Shanghai Composite Index jumped 1.4 percent and Hong Kong’s Hang Seng Index edged 0.6 percent higher.

Japan’s Topix Index swung between gains and losses, closing marginally higher on Wednesday ahead of the Bank of Japan’s monetary policy decision which is due on Thursday. The Nikkei225 added 0.1 percent. Australia’s S&P/ASX 200 Index rose 0.8 percent as bank shares climbed.

The Stoxx Europe 600 gained 0.4 percent following a decline of 1.1 percent in the previous session thanks to a weak euro that inched lower ahead of the European Central Bank’s policy statements due Thursday.

According to data released by the Commerce Department on Wednesday, the U.S. housing starts jumped 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units. On a yearly basis, housing starts advanced by 2.1 percent last month compared to one year ago.



Technicals

GBPAUD



GBPAUD retested a support at 1.64000 – the three-and-a-half-month low recorded yesterday. The pair fell into a correction but soon reversed lower as the market has been dominated by seller. RSI index has even fallen into the oversold zone. The pair is expected to test a support at 1.63400.

Trade suggestion

Buy Digital Put Option from 1.64000 to 1.63400 valid until 20:00 GMT July 19, 2017



SILVER



Silver futures prices have been tracing an uptrend with the support from two MAs that are lingering below the price action. The precious metal’s price surpassed a resistance at 16.200 and is heading towards a significant level at 61.8% Fibonacci level. The RSI index which is pointing upwards signals further advances.

Trade suggestion

Buy Digital Call Option from 16.330 to 16.500 valid until 20:00 GMT July 19, 2017



BRENT



As can be seen from the chart, Brent crude prices have been supported from two MAs that are lingering below the price action, especially the short-term MA20. RSI has been on rise, suggesting a strengthening bullish force in the market. A breakout from a resistance at 49.150 is expected.

Trade suggestion

Buy Digital Call Option from 49.150 to 49.850 valid until 20:00 GMT July 19, 2017



Dow Jones



U.S. Dow Jones index has been moving sideways above a firm support at 21540.00 after falling to as low as 21461.00. RSI index is moving around the 50 level but the stock index looked set to trade higher with support from the long-term MA50. The all-time record high logged on July 14th is expected to be tested.

Trade suggestion

Buy Digital Call Option from 21580.00 to 21660.00 valid until 20:00 GMT July 19, 2017

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

Morgan Stanley Shares Advance After Upbeat Q2 Earnings Report

Shares of Morgan Stanley jumped more than 2 percent in per-market trading on Wednesday after the U.S. bank reported second-quarter earnings results that beat expectations. The company was the last of the five biggest U.S. banks to report results for the three-month period ending June.

Morgan Stanley posted reported net revenues of $9.5 billion in the June quarter, up from $8.9 billion recorded one year ago and topping analysts’ forecast for $9.1 billion of revenue. Earnings per share hit 87 cents, compared with 75 cents per share in the year-ago quarter. That beat estimate of 76 cents per share.

Although sales and trading declined to $3.2 billion from $3.3 billion in the same quarter in 2016, revenues from institutional securities, wealth management, and investment management were all higher than a year ago.

Trade suggestion

Buy Digital Call Option from 46.30 to 47.00 valid until 20:00 GMT July 19, 2017

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

Shares of CSX Reverse Gains As FY 2017 Guidance Falls Short of Expectations

Shares of CSX Corp. lost more than 4.0 percent in the extended session on Tuesday although the railroad operator reported quarterly results above expectations as well as expanded its share buyback program.

CSX shares reversed gains, shedding 4.17% to trade at $52.36 after having soared 3.1% to $56.32 after hours. The company reported adjusted second-quarter earnings of 64 cents a share on revenue of $2.93 billion, which was higher than analysts’ forecast for earnings of 59 cents a share on revenue of $2.85 billion. CSX also announced that its share repurchase authorization had been added another $500 million to $1.5 billion in total.

However, CSX’s guidance for the full year fell short of analyst expectations. The company expects earnings growth for the fiscal year 2017 of around 25% from 2016, which is below analysts’ expectation for full-year EPS of $2.31, 28% above the $1.81 the railroad reported for 2016.

Trade suggestion

Buy Digital Put Option from 52.30 to 52.00 valid until 20:00 GMT July 19, 2017

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

USD/CHF

From 0.95300
Till 0.94900

Option Digital
Direction Put
Expiry GMT 21:00 19/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 20th, 2017



Asian shares advanced for a ninth straight session on Thursday, bolstered by fresh all-time highs for U.S. equities. While U.S. stocks surged to new records on strong U.S. corporate earnings after the close on Wednesday, the Bank of Japan on Thursday decided to maintain its mega monetary stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.15 percent, trading near its highest level since December 2007.

The Bank of Japan kept its monetary policy steady as widely expected, maintaining the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central bank. The Japanese central bank also pushed back again the timing for achieving its 2 percent inflation target, as it cut price forecasts until fiscal year 2020. The yen retreated versus the dollar, lifting Japanese shares higher.

Indeed, Japan’s Topix index rose 0.7 percent while the Nikkei 225 added 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea's KOSPI index climbed 0.6 percent and 0.1 percent, respectively. Hong Kong’s the Hang Seng Index jumped 0.3 percent, while the Shanghai Composite Index was little changed.

Crude oil prices struggled for direction on Thursday following a jump to a two-week peak on Wednesday. Oil prices jumped more than 1 percent in the previous session after the Energy Information Administration (EIA) reported a bigger-than-expected weekly draw in crude and gasoline inventories in the United States. According to the report, U.S. crude stocks fell 4.7 million barrels during the week ended July 14th, exceeding estimates for a 3.2 million draw forecast by economists.



Technicals

EURNZD


EURNZD rebounded after falling under the 61.8% Fibonacci retracement. The pair crossed over this significant level again and is facing a pair of moving averages. While the +DI line has penetrated the –DI line from below, signaling a strengthening bullish momentum in the market, RSI index also surpassed the 50 line, suggesting further advances.

Trade suggestion

Buy Digital Call Option from 1.57000 to 1.58000 valid until 20:00 GMT July 20, 2017



WTI


U.S. crude prices has been moving sideways around a two-week high at a significant level at 47.200 – the level at which the commodity had to reverse lower in early-July. With support from two MAs which are hanging below the price action, the benchmark crude price is expected to test a resistance at 48.000.

Trade suggestion

Buy Digital Call Option from 47.300 to 48.000 valid until 20:00 GMT July 20, 2017



DAX 30



Germany Dax 30 index has been tracing an uptrend since it rebounded from a low at 12380.00 logged on Tuesday. The price action has crossed over the long-term MA50 from below and is facing the short-term MA20. A breakout is expected as the bull is becoming stronger in the market. While RSI has inched higher the 50 line, ADX index is turning upward with a widening gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 12530.00 to 12650.00 valid until 20:00 GMT July 20, 2017



FTSE 100 Index


U.K. FTSE 100 Index gapped up on Thursday after sending its price action above a downtrend line which connected lower highs. The stock benchmark index escaped from the resistance with support from two MAs that are hanging below the price action. Both ADX and RSI are on a rise, signaling that the index may edge higher to test a resistance at 7480.00.

Trade suggestion

Buy Digital Call Option from 7445.00 to 7480.00 valid until 20:00 GMT July 20, 2017

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

American Express Shares Inch Lower As Profit Declines

Shares of American Express Company turned lower in after-hours trading on Wednesday after the credit-card company reported better-than-expected earnings and sales but profit declined in the second quarter.

Shares of the company inched nearly 1.5 percent lower to US$84.65 per share in after-market trading. The card company posted second-quarter earnings of $1.3 billion, or $1.47 a share, up from $2 billion, or $2.10 a share, in the year-ago period. Analysts had expected per-share earnings of $1.43.

However, American Express witnessed profit plunged by 33 percent in the three-month period ending June 30th. The decline came after the company ended its business relationship with Costco while its expenses rose sharply as the card company spent heavily on rewards to woo customers, not to mention expenses on tax treatment and restructuring charges.

Trade suggestion

Buy Digital Put Option from 84.60 to 84.00 valid until 20:00 GMT July 20, 2017

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

Q2 Earnings Fall to Reach Expectations, Shares of Philip Morris Lose 3 Percent

Shares of Philip Morris International Inc. lost nearly 3.0 percent on Thursday after the cigarette and tobacco company reported second-quarter earnings below expectations.

Shares of Philip Morris dropped 2.98 percent in pre-market trading after the New York-based company reported revenues of $19.32 billion. This was up from $19.04 billion a year ago but failed to hit analysts’ forecast for revenues of $20.07 billion. Cigarette shipment volumes were reported to decline by 7.5% in the second quarter.

On a per-share basis, the company said it had profit of $1.14, down from $1.15 a year ago and missing expectation for earnings per share of$1.23. Philip Morris cut its 2017 EPS outlook to a range from $4.78 to $4.93 from a range from $4.84 to $4.99 previously forecast.

Trade suggestion

Buy Digital Put Option from 118.000 to 117.00 valid until 20:00 GMT July 20, 2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 21, 2017



Asian shares pared their weekly gain on Friday with the MSCI's broadest index of Asia-Pacific shares outside Japan, which has gained about 5 percent in the past two weeks, retreating 0.2 percent in the last session of the week. Japanese shares also traded lower as the Yen gained ground versus a weak dollar. The Nikkei 225 slid 0.17 percent while the Topix index lost 0.3 percent

The South Korea’s Kospi index fluctuated, reversing earlier losses to gain 0.21 percent while other markets subdued. Hong Kong's Hang Seng Index declined 0.15 percent and the Shanghai Composite was off 0.21 percent. Australia’s S&P/ASX 200 Index even declined 0.5 percent. Only Shenzhen Composite gained 0.022 percent to trade just above the flat line.

The Australian dollar stumbled following a speech by Reserve Bank of Australia Deputy Governor Guy Debelle on Friday. The RBA Governor said that the central bank would not raise interest rates just because other central banks were doing so. The comments sent the Aussie 1 percent lower compared to a high of $0.7959 seen earlier in the session.

By contrast, the euro jumped to nearly two-year highs on Thursday on the back of comments from the chief of the European Central Bank. The ECB decided to hold its interest rates and asset purchases steady on Thursday. Mario Draghi, the head of the European Central Bank, said at a conference later in the day that tapering of the bank’s quantitative easing (QE) program will be on the table this autumn.



Technicals

USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF has been moving sideways after having fallen to as low as 0.95000 on Thursday. The pair has been under pressure from two MAs that are moving above the price action which may depress the price lower. RSI is at low level at 32.23, suggesting a dominating bullish force in the market. A support at 0.94600 is within the sight.

Trade suggestion

Buy Digital Put Option from 0.95000 to 0.94600 valid until 20:00 GMT July 21, 2017



EURUSD



Fig: EURUSD H4 Technical Chart

EURUSD rebounded from a period of consolidation in early trade. The Euro jumped to the highest level since August 21st, 2015, sending the market in the overbought zone. After the correction, the pair is expected to extend its uptrend to test a significant resistance at 1.17000 with support from two MAs lingering below the price action.

Trade suggestion

Buy Digital Call Option from 1.16500 to 1.17000 valid until 20:00 GMT July 21, 2017



NZDUSD


Fig: NZDUSD H4 Technical Chart

NZDUSD broke out of a strong resistance at 0.73660 where the price had been retrained for one week. The pair jumped to the level has not been seen August 08, 2016 and is looking set to edge higher to the 100% Fibonacci retracement. While the RSI index is soaring, ADX index is witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 0.74300 to 0.74800 valid until 20:00 GMT July 21, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold jumped above the 1244.00 level where it had failed to surpass since Tuesday. The precious metal has been supported by the short-term MA20 and is likely to trade higher. As can be seen from the indicator charts, both RSI and ADX indices are tracing higher. A resistance at 1253.00 is anticipated to be tested.

Trade suggestion

Buy Digital Call Option from 1247.00 to 1253.00 valid until 20:00 GMT July 21, 2017

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

Shares of Microsoft Reverse Gains After Low Expectation Clouds Upbeat Earnings Results

Shares of Microsoft Corp. rose as much as 4 percent in after-hours trading on Thursday after the technology company reported that it produced much better profit in its fiscal fourth quarter than expected. However, shares returned lower after Microsoft published guidance for the next quarter.

Shares of Microsoft hit an all-time intra-day high of $74.30 on Thursday in regular trading ahead of earnings results before closing at an all-time high of $74.22 per share. Microsoft reported net income of $6.5 billion, or 83 cents a share, on sales of $23.3 billion.

Adjusting for one-time items, the Redmond-based company claimed earnings of 98 cents a share on sales of $24.7 billion for the fourth quarter of its 2017 fiscal year, which ended on June 30. This was well above analysts’ expectations calling for earnings of 71 cents a share on sales of $24.3 billion.

However, for the first quarter of its 2018 fiscal year, which ends on September 30, Microsoft only expects revenue of $23.95 billion, based on the midpoint of its guidance which is in the range from $23.6 to $24.3 billion. Markets, meanwhile, forecast the company to reach $24.18 billion in sales in the September quarter.

Trade suggestion

Buy Digital Put Option from 74.000 to 73.00 valid until 20:00 GMT July 21, 2017

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

OPEC Supplies Reported to Rise in July, Crude Oil Futures Turn Lower

Crude oil futures prices reversed lower on Friday, looking set to set a loss on the week after a tanker-tracking firm reported supply from OPEC is rising.

West Texas Intermediate crude futures prices for September delivery dropped more than 2 percent to trade around $45.82 per barrel in the last trading session of the week. According to data released by PetroLogistics, OPEC’s July oil supply might rise by 145,000 barrels per day (bpd) compared to June.

With higher supply from Saudi Arabia, the United Arab Emirates (UAE) and Nigeria, the increase in crude oil may push production above 33 million barrels per day.

The Baker Hughes is scheduled to release its weekly data on U.S. oil rigs later in the day, which is expected to provide fresh hints on the outlook for U.S. crude production.

Trade suggestion

Buy Digital Put Option from 45.80 to 45.30 valid until 20:00 GMT July 22, 2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 24, 2017



European shares edged lower on Monday, extending the selloff in global stock markets to second day. The pan-European STOXX 600 fell 0.1 percent in the morning session as gains in the heavyweight financials sector failed to counterbalance losses in autos and airlines sectors. Shares of the digital security company Gemalto plunged as much as 17 percent on Monday after it said that continued weakness in its SIM-card and U.S. payments operations would drag down profits.

Shares of carmakers were trading lower after European Union antitrust regulators announced that they were investigating allegations of a cartel in the industry. The autos index tumbled 1.8 percent to a seven-month low following the announcement with shares of Volkswagen, Peugeot, Daimler, Renault and BMW all shedding 1.2 to 2.5 percent.

Meanwhile, price war worries hurt airlines. Budget airline Ryanair was among top European loser after its shares dropping 4.7 percent. The Dublin-based airline reported a rise of 55 percent in profit of its fiscal first quarter but also warned that summer fares would face sharp cuts due to overcapacity. Shares of Ryanair’s rivals Wizz Air and EasyJet sank 2 to 3 percent, while those of Lufthansa dipped 1.1 percent.

The Euro retreated on Monday after data showed the Eurozone economy slowed in July. The single currency headed for its first decline in three days, halting the advance that saw it hit a two-year high logged last Thursday. According to data from Markit, composite Purchasing Managers Index for the Eurozone edged lower to 55.8 in July from 56.3 in June. That was below the 56.2 reading expected by economists.



Technicals

USDCHF



USDCHF resumed its downtrend after rebounding from a support at 0.94500. The currency pair plunged to the lowest level since early May 2015, under downward pressure from two MAs that are hanging over the price action. Further down moves are anticipated even though the RSI index has dipped into the oversold zone, as ADX index is witnessing a widening distance between –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 0.94500 to 0.94000 valid until 20:00 GMT July 24, 2017



GBPUSD




GBPUSD has been tracing an uptrend with the support from two moving averages that are hanging below the price action. The pair is heading upwards, looking set to retest a resistance at 0.31100 – the level at which the pair had to give up its bullish momentum on July 14th and 18th. RSI is soaring, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 0.30400 to 0.31100 valid until 20:00 GMT July 24, 2017



GOLD



Gold jumped above a significant level at 23.6% Fibonacci retracement following a period of moving sideways below this level. The gold market has jumped into the overbought territory, as indicated by the RSI index which has soared to as high as 79.82. A reversal is expected.

Trade suggestion

Buy Digital Buy Option from 1257.00 to 1263.00 valid until 20:00 GMT July 24, 2017



DAX


Germany’s DAX 30 index breached a significant level at 23.6% Fibonacci level on Monday after a short correction. Recent declines sent the market into the oversold zone, as indicated by the RSI index that has tumbled to as low as 23.17 and continues to head lower. However, ADX index extended its up moves with a widening gap between –DI and +DI lines. Further declines are expected.

Trade suggestion

Buy Digital Put Option from 12150.00 to 12000.00 valid until 20:00 GMT July 24, 2017

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

EUR/AUD
From 1.46300
Till 1.45500

Sell Option Digital
Direction Put
Expiry GMT 21:00 24/07/2017

 

[Option_Banque]

Signals by Option Banque

Alphabet Shares Lose Gound due to Weak Performances of Google’s Key Metrics

Shares of Alphabet Inc. dropped nearly 3 percent on Monday in trading shortly after the parent company of Google released its second-quarter earnings report.

Alphabet’s shares lost as much as 2.94 percent to trade at $969.00 per share in after-hours trading after the company posted a plunge of 28 percent in GAAP profit due to a $2.74 billion fine that European antitrust regulators slapped on its Google unit.

On a GAAP basis, the company reported net income of $3.5 billion, or $5.01 per share, up from $4.9 billion, or $7 per share recorded in the same period last year. This was well above analysts’ expectations calling for earnings per share of $4.44. Revenue was reported to reach $26 billion in the three-month period ended June, up from $21.5 billion in the year-earlier period and beating forecast for total revenue of $25.6 billion

Besides the fine levied by the European Commission, Alphabet’s shares were dragged lower due to worse-than-expected performances of two key metrics: cost per click (CPC) and traffic acquisition costs (TAC).

Indeed, Google’s CPC – the amount advertisers are paying each time a user clicks on an ad served by Google- fell 23% in the quarter, compared with a drop of 7% in the same period a year ago. The decline in CPC was much higher than the 15% analysts expected as more search traffic came from mobile devices.

Meanwhile, Google’s TAC – the fees it pays to partner websites that run Google ads or services – increased to $5.09 billion, higher than analyst estimates of $4.75 billion and equivalent to 22% of advertising revenue.

Trade suggestion

Buy Digital Put Option from 969.00 to 960.00 valid until 20:00 GMT July 25, 2017

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

Shares of McDonald’s Rise Following Upbeat Q2 Earnings Results

Shares of McDonald’s Corp. jumped nearly 3 percent in premarket trading on Tuesday after the fast-food giant released its second-quarter earnings report that showed results beat forecast.

McDonald’s shares added 2.55% to trade at $155.74 per share after the Illinois-based company reported a better-than-expected increase in quarterly sales at established U.S. restaurants.

The fast food restaurant chain posted net income of $1.40 billion, or $1.70 per share, up from $1.09 billion, or $1.25 per share, for the same period last year. Revenue for the quarter was reported to reach $6.05 billion, down from $6.27 billion last year. However, both figures topped market’s expectations.

Global same-store sales rose 6.6%, the biggest increase in more than 5 years. Meanwhile, U.S. same-store sales (sales at U.S. restaurants open at least 13 months) rose 3.9%, beating forecast calling for a rise of 2.9%, according to FactSet.

Trade suggestion

Buy Digital Call Option from 156.00 to 160.00 valid until 20:00 GMT July 25, 2017

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

EUR/GBP
From 0.89500
Till 0.89900

Buy Option Digital
Direction Call
Expiry GMT 21:00 25/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 26, 2017



Supported by upbeat sentiment coming after U.S. equities hit records on Wall Street on Tuesday, Asian shares advanced on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan edging 0.1 percent higher. The S&P 500 added 0.3 percent to climb to an all-time high overnight, boosted higher by better-than-expected earnings results from McDonald's and Caterpillar. The Dow Jones Industrial Average finished short of its record from July 19.

Japanese shares also jumped higher. In late-morning trades, the benchmark Nikkei 225 Index soared 0.67 percent to 20,089.64 after hitting a high of 20,116.00 earlier. Markets are awaiting the Federal Reserve's policy decision later in the day for fresh clues on the central bank’s tightening plans. The Fed is widely expected to keep interest rates unchanged.

According to data released by the Australian Bureau of Statistics on Wednesday, the country’s consumer prices unexpectedly advanced at a slower pace in the second quarter. Australia’s inflation gauges inched only 0.2 percent higher in the three-month period to June, missing forecast for a rise of 0.4 percent as lower oil prices dragged down the headline measure. On a yearly basis, CPI gained 1.9%, well below both forecast and RBA’s target of between 2-3% on average.

Crude oil price extended their upbeat moves on Wednesday, holding gains near eight-week highs hit in the previous session. As stated by the industry group the American Petroleum Institute, U.S. crude inventories fell by 10.2 million barrels in the week ending July 21 to 487 million. Analysts had expected a decrease of 2.6 million barrels. Official data will be published by the Energy Information Administration later in the day.



Technicals

AUDCAD



AUDCAD has broken below the 61.8 Fibonacci retracement, under pressure from two MAs that are hanging above the price action. The short-term MA20 has crossed over the long-term MA50, confirming the downtrend. The currency pair is forecast to trade lower to test a support at 0.98250 as RSI index is pointing to the oversold zone.

Trade suggestion

Buy Digital Put Option from 0.98800 to 0.98250 valid until 20:00 GMT July 26, 2017



WTI


WTI crude prices surged strongly to hit the 23.6% Fibonacci level – the highest in nearly two months. The commodity is struggling at the significant level as the market has jumped into the overbought territory. However, with the ADX index that is still on a rise, the crude oil price is expected to trade higher to test a resistance at 49.400.

Trade suggestion

Buy Digital Call Option from 48.400 to 49.400 valid until 20:00 GMT July 26, 2017



SILVER



Silver has been tracing a downtrend since it failed to sustain its bullish momentum above the 61.8% Fibonacci retracement. The precious metal had been supported by a couple of MAs before breaching below these two dynamic supports. RSI index has fallen below 50, confirming the downtrend. Further declines are expected as ADX index is on a rise with widening gap between –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 16.360 to 16.230 valid until 20:00 GMT July 26, 2017



COPPER


Copper prices have been on a steep uptrend which has brought the market into the overbought zone, as indicated by the RSI index which is at as high as 83.74. The metal resumed its strong advances following a short consolidation at around 2.8400. The price surpassed a more-than-two-year high at 2.8200 and is anticipated to trade higher to attempt a resistance at 2.9300.

Trade suggestion

Buy Digital Call Option from 2.8900 to 2.9300 valid until 20:00 GMT July 26, 2017

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

U.K. Shares Jump After Upbeat Earnings Reports, GDP In Line With Expectations

U.K. shares surged on Wednesday, supported by gains in companies that reaffirmed their rosy outlook and a weak British Pound that turned lower versus the greenback for the second day in a row.

The FTSE 100 index jumped more than 0.6 percent to trade around 7480.00. Shares of ITV and Compass Group PLC topped the market, soaring at least 2.6 percent after the releases of their earnings results. While the maker of “Downton Abbey” raised its dividend, the catering services company posted a rise in third-quarter revenue. Both companies backed their full-year expectations.

The overall performance was also supported by gains for energy and mining stocks. Crude oil held on gains after taking off on Tuesday, spurring gains in shares of Royal Dutch Shell PLC and BP., which gained more than 0.5% each.

With copper price jumping to the highest level since mid-May 2015, shares of Fresnillo climbed more than 0.7 percent, also boosted by its 2017 production guidance which showed higher silver and gold output for the second quarter. Shares of BHP PLC also traded higher, adding more than 0.8 percent.

The Office for National Statistics on Wednesday reported that Britain’s economy grew in line with expectations in the second quarter. Britain GDP was reported to rise 0.3% in the three months to June following a 0.2% growth in the first three months of the year. On a yearly basis, the economy expanded by 1.7% from 2.0% in the first quarter, in line with forecasts.

Trade suggestion

Buy Digital Call Option from 7475.00 to 7500.00 valid until 20:00 GMT July 26, 2017

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

AT&T Shares Advance As Earnings Above Wall Street Forecasts

Shares of AT&T reversed higher in after-hours trading on Tuesday after closing the regular session down less than 0.1 percent as the telecommunications conglomerate reported Q2 earnings above Wall Street expectations.

AT&T shares jumped more than 2.7 percent to trade at $37.21 per shares after the telecommunications company said it earned $3.9 billion, or 63 cents a share, in the second quarter. That was well above the same quarter last year’s reading of $3.4 billion, or 55 cents a share.

Adjusted for one-time items, AT&T posted earnings of 79 cents a share, marking an advance compared with 72 cents a share recorded a year ago. Meanwhile, sales were reported to inch lower to $39.8 billion, from $40.5 billion in the year-ago quarter. However, the decline, which was due to weak performance in legacy wireline services and consumer mobility, was line in with forecast.

Trade suggestion

Buy Digital Call Option from 37.25 to 37.70 valid until 20:00 GMT July 26, 2017

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

EUR/GBP
From 0.89500
Till 0.89900

Buy Option Digital
Direction Call
Expiry GMT 21:00 25/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 27, 2017



Asian shares climbed to the highest level in nearly a decade on Thursday after U.S. indexes closed at all-time record highs in the previous session. Also supported by optimism about corporate earnings, the MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.5 percent to heights not seen since December 2007 after the Dow Jones Industrial Average rose above 21,700 for the first time on Wednesday.

A firmer Yen kept Japan's Nikkei flat. Meanwhile, both Japan’s Topix index and Australia’s S&P/ASX 200 Index added 0.3 percent. Upbeat earnings results rolled in with data from Samsung Electronics Co. and Nintendo Co. beating analysts’ estimates. In Hong Kong, the Hang Seng Index edged 0.2 percent higher, while the Shanghai Composite Index dropped 0.4 percent.

The U.S. dollar tumbled after the Federal Reserve left U.S. interest rates unchanged as widely expected but said that inflation remained persistently below its target. The dollar index, which measures the strength of the greenback versus a basket of six other major currencies, tumbled to a 13-month trough at 93.370. The central bank noted in its statement released late Wednesday that both overall and core inflation had declined. The Fed indicated that it would start winding down its massive holdings of bonds "relatively soon".

Crude oil prices retreated on Thursday following a three-day advance but lingered near 8-week highs on hopes that a steeper-than-expected decline in U.S. crude oil inventories will help ease concerns over a global oversupply. According to data released by the Energy Information Administration on Wednesday, U.S. crude stocks fell sharply by 7.2 million barrel last week. Thanks to the fact that refineries increased output and imports declined, last week’s decline in crude inventories was well above the 2.6 million barrel forecast.



Technicals



EURAUD



Fig: EURAUD H4 Technical Chart

EURAUD rebounded lower from a resistance at 1.47600 and has brought its price action below both the short-term and long-term MAs. The price action has also breached a significant support at 38.2% Fibonacci level. The pair is expected to trade lower with the RSI index pointing lower which indicates a strengthening bearish force in the market.

Trade suggestion

Buy Digital Put Option from 1.45900 to 1.45400 valid until 20:00 GMT July 27, 2017



GBPUSD



Fig: GBPUSD H4 Technical Chart

GBPUSD has breached a strong resistance at 1.31100 –the level it had to give up its bullish momentum in the first half of last week. The RSI index has jumped into the overbought territory while the ADX index continues to surge higher, indicating a strengthening bullish momentum in the market. A resistance at 1.32000 is within the sight.

Trade suggestion

Buy Digital Call Option from 1.31500 to 1.32000 valid until 20:00 GMT July 27, 2017



GOLD



Fig: GOLD H4 Technical Chart

Gold has successfully broken out of a strong resistance at 23.6% Fibonacci retracement – a level that had forced the precious metal to trade sideways earlier this week. Gold price has been supported by two MAs that are lingering below the price action and is expected to trade higher to test another firm resistance at 1270.00.

Trade suggestion

Buy Digital Call Option from 1264.00 to 1270.00 valid until 20:00 GMT July 27, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. crude oil prices have fallen into a period of moving sideways around the 23.6% Fibonacci level after surging to the highest level since June 01st on Wednesday. The commodity price looks set to edge higher with a market dominated by bullish momentum. ADX index is also on a rise, signaling upcoming advances.

Trade suggestion

Buy Digital Call Option from 48.700 to 49.500 valid until 20:00 GMT July 27, 2017

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

Procter & Gamble Shares Advance as Fiscal Q4 Earnings Results Beat

Shares of Procter & Gamble Co. gained nearly 1 percent on Thursday after the consumer goods corporation reported fiscal fourth-quarter earnings results that were above Wall Street expectations.

Procter & Gamble shares added 0.72 percent to trade at $89.945 as the Cincinnati, Ohio-based company posted net income for the quarter of $2.22 billion, or 82 cents per share, up from $1.95 billion, or 69 cents per share during the year earlier period. Adjusted for one-time items, earnings per share came in at 85 cents, well above analysts’ expectation for earnings of 78 cents.

Procter & Gamble reported revenue of $16.08 billion for the three-month period ending in June, down slightly compared with the $16. 10 billion in revenue recorded during the same quarter a year ago. However, the decline had been expected. Economists forecast revenue to decline to $16.02 billion during the quarter.

The company said that it forecast earnings to grow 5% to 7% in 2018.

Trade suggestion

Buy Digital Call Option from 90.00 to 91.00 valid until 20:00 GMT July 27, 2017

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

Impressive Q2 Earnings Report Boosts Facebook Shares More Than 3% Higher

Shares of Facebook Inc. jumped more than 3 percent in Wednesday’s after-hours session after the tech giant published its second-quarter earnings results that beat Wall Street expectations.

Facebook shares added 3.32 percent to trade around $171.10 per share after the social networking service based in Menlo Park, California reported net income of $3.89 billion, or $1.32 per share. The readings did not only top earnings of $2.28 billion, or 78 cents per share, in the year-earlier period but also beat consensus calling for earnings per share of $1.12.

Total revenue was reported to reach $9.3 billion, up from $6.4 billion in the year-earlier period and well above forecast for a rise to $9.2 billion. Facebook said the number of daily active users jumped 17% year-over-year to reach 1.32 billion, in line with forecast. Monthly active users also grew at rate of 17% on a yearly basis, to 2.01 billion.

Trade suggestion

Buy Digital Call Option from 171.10 to 173.00 valid until 20:00 GMT July 27, 2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 28, 2017



Asian shares mostly fell on Friday following a decline in U.S. tech shares as Amazon.com Inc. reported much lower earnings than expected. The MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent while Japanese stock benchmark indexes were also on a retreat. Japan’s Topix index fell 0.2 percent while South Korea’s Kospi index plunged by 1.2 percent. Australia’s S&P/ASX 200 Index even traded lower, losing 1.5 percent.

Hong Kong’s Hang Seng Index and the Shanghai Composite Index slid 0.4 percent and 0.2 percent, respectively.

The dollar recovered from recent losses as data released on Thursday showed U.S. durable-goods orders climbed more than expected. U.S. durable goods orders were reported to surge 6.5 percent last month, the biggest gain in three years. Later in the day, the U.S. government’s data on second-quarter gross domestic product will be published. The report is expected to show growth picking up to 2.6 percent from 1.4 percent in January-March.

The Swiss Franc lost ground versus all of rivals on Thursday, falling to the lowest level since January 2015 versus the euro after Swiss National Bank President Thomas Jordan repeated his assertion that the currency remains significantly overvalued.

A series of Japanese economic data were released by the government on Friday which came in stronger than expected supported the Yen. Japanese consumer prices were reported to rise at a steady pace last month with core CPI advancing at an annualized 0.4% in June. Meanwhile, household spending also jumped more than expected, at the rate of 2.3% year-over-year in June. The rise snapped a 15-month losing streak, adding further evidence of a rebounding economy.



Technicals

USDCHF



Fig: USDCHF H1 Technical Chart

USDCHF has fallen into a consolidation following sharp up moves on Thursday. The market had been overblown for a while, as indicated by the RSI index which remains in the overbought territory. The currency pair is expected to resume its uptrend as ADX index is slightly edging higher, suggesting a stable bullish force in the market.

Trade suggestion

Buy Digital Call Option from 0.97100 to 0.97600 valid until 20:00 GMT July 28, 2017



GBPCHF



Fig: GBPCHF H1 Technical Chart

GBPCHF retreated after the pair surged to the highest level since May 19th, 2017. The price fell into a period of correction as the market had jumped into the overbought zone with the RSI index had surged as high as 79.95. Following this consolidation, the pair is expected to trade higher, attempting a resistance at 1.27600.

Trade suggestion

Buy Digital Call Option from 1.27000 to 1.27600 valid until 20:00 GMT July 28, 2017



BRENT



Fig: BRENT H4 Technical Chart

Brent crude surpassed a significant resistance at 23.6% Fibonacci retracement on Thursday but seems not strong enough to sustain its bullish momentum. The commodity retreated as investors took profit after the market had been sent to the overbought zone. With two MAs lingering below the price action, the price is expected to trade higher to test a resistance at 52.200.

Trade suggestion

Buy Digital Call Option from 51.500 to 52.200 valid until 20:00 GMT July 28, 2017



SP500





Fig: SP500 H1 Technical Chart

SP500 index extended its down move after a brief consolidation. The U.S. stock benchmark index had dropped to as low as 2458.00 on Thursday before rebounding higher. However, under downward pressure from two moving averages that are hanging above the price action, the index failed to sustain its bullish momentum. The support at 2458.00 is anticipated to be tested again on Friday.

Trade suggestion

Buy Digital Put Option from 2465.00 to 2458.00 valid until 20:00 GMT July 28, 2017

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

Spending Cuts Into Profit, Amazon Earnings Tumble by 77%, Shares Head Lower

Shares of Amazon.com Inc. plunged about 3 percent in immediate after-hours action on Thursday after the electronic commerce and cloud computing company reported much lower earnings than expected.

The e-commerce giant posted net income of $197 million, or 40 cents a share, on sales of $38 billion for the second quarter. Due to the fact that operating expenses rose across the board, earnings, which failed to reach analysts’ expectation for a rise to $1.41 a share on sales of $37.2 billion, suffered a decline of 77% from the same quarter a year ago.

According to the earnings report, fulfillment costs – the amount that Amazon spends to fulfill customers’ orders on its e-commerce platform – jumped about 33% from a year ago while spending on technology and content even soared stronger, by about 43%.

Amazon anticipates that spending will continue to rise rapidly in the current quarter. Third-quarter revenue, however, is forecast to be in a range of $39.25 billion to $41.75 billion, which is in line with what analysts expected for sales of $39.98 billion.

Trade suggestion

Buy Digital Put Option from 1014.00 to 1000.00 valid until 20:00 GMT July 27, 2017

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

Weighed Down by Losses of BT and Mining Shares, FTSE Trades Lower

U.K. shares dropped lower on Friday, weighed down by mining shares and shares of telecom heavyweight BT PLC after the company reported earnings that fell due to its Italian accounting scandal.

The FTSE 100 index lost nearly 0.7 percent to trade near 7390.00 on Friday, on track for the first weekly decline in four weeks. Shares of BT led losses, down 3.86% to trade at 304.45p a share as the telecom and TV-services provider posted a slide in first-quarter fiscal 2018 net earnings.

BT’s net profit for the quarter was reported to hit GBP285 million, compared with GBP588 million for the first quarter of fiscal 2017.

Contributing to the downtrend, mining shares were trading in the negative zone. Shares of Anglo American PLC and Rio Tinto PLC dropped at least 1%.

Trade suggestion

Buy Digital Put Option from 7380.00 to 7350.00 valid until 20:00 GMT July 28, 2017

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

NZD/JPY
From 83.300
Till 83.700

Buy Option Digital
Direction Call
Expiry GMT 21:00 28/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on July 31, 2017



Asian shares reversed losses on Monday, turning positive following a lackluster start as supported by solid Chinese data. MSCI's broadest index of Asia-Pacific shares outside Japan rebounded higher from early downticks to rise 0.1 percent. Meanwhile, a firm Japanese Yen outweighed earnings that beat expectations from companies such as Hitachi Ltd. and TDK Corp., sending Japanese stocks lower.

The yen jumped more than 0.2 percent to trade at as high as 110.300 per dollar – the highest level since June 15, 2017 – in early trade. Japan’s Topix index swung between gains and losses while Japan's Nikkei fell 0.1 percent. South Korea’s Kospi index also traded in negative zone, losing 0.3 percent on the back of turmoil in the region. The US flew two supersonic B-1B bombers over the Korean peninsula in a show of force on Sunday after North Korea test-fired an intercontinental ballistic missile last Friday.

By contrast, Australia’s S&P/ASX 200 Index rose 0.3 percent. Chinese equities also edged higher. Hong Kong's Hang Seng index and Shanghai Composite index rose 0.6 percent and 0.2 percent, respectively. Published by the China Federation of Logistics and Purchasing on Monday, Chinese manufacturing PMI index slipped to 51.4 in July while services PMI index inched lower to 54.5 from 54.9 in June. However, both indices remained above the 50-point mark that separates growth from contraction on a monthly basis.

Crude oil prices extended their rally to a sixth trading session in a row, bolstered by a tightening U.S. crude market. According to data released by the U.S. Energy Information Administration last Wednesday, domestic oil production witnessed a modest fall of 19,000 barrels a day to 9.41 million barrels a day. Drilling for new U.S. production was also reported to decelerate, with just 10 rigs added in July, the fewest since May 2016.



Technicals



EURAUD


Fig: EURAUD H1 Technical Chart

EURAUD resumed its downtrend following a consolidation around 1.47100. The price action, which has been supported by the short-term MA20, has dropped below this dynamic, confirming the downtrend. The RSI is edging lower, the pair is expected to test a support at 1.46600.

Trade suggestion

Buy Digital Put Option from 1.47000 to 1.46600 valid until 20:00 GMT July 31, 2017



NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY is facing a firm dynamic support at long-term MA50 after having gapped down in early trade. The market has fallen into the bearish zone, as indicated by the RSI index that has declined to as low as 44.43. The pair is likely to breach below the MA50 and may test a support at 82.300.

Trade suggestion

Buy Digital Put Option from 82.800 to 82.300 valid until 20:00 GMT July 31, 2017



WTI



Fig: WTI H4 Technical Chart

U.S. West Texas Intermediate (WTI) crude futures have been tracing a steady uptrend after having broken out of a period of moving sideways near a significant level at 23.6% Fibonacci retracement. The commodity is struggling at a firm resistance at 49.800 as the market has jumped into the overbought zone. However, with ADX index is soaring which indicates a strong bullish force in the market, the price is expected to edge higher.

Trade suggestion

Buy Digital Call Option from 49.900 to 50.800 valid until 20:00 GMT July 31, 2017



Natural gas



Fig: Natural Gas H4 Technical Chart

Natural gas’s futures prices gapped down sharply on Monday, sending the price action not only well below the short-term MA20 but also to a firm support at 2.8800 – the level it has failed to breach since July 10th. With RSI pointing lower and a rising ADX index, natural gas is anticipated to trade lower to test another strong support at 23.6% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 2.8750 to 2.8400 valid until 20:00 GMT July 31, 2017


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

U.S. Natural Gas Futures Tumble to Nearly Five-month Lows on Demand Concerns

U.S. natural gas futures dropped steeply on Monday, falling to the lowest level in almost five months as updated weather forecasts signaled lower demand for the fuel.

U.S. natural gas for September delivery tumbled by nearly 4 percent to trade at $2.819 per million British thermal units in North American trading session. The price plunged to the lowest since early March 2017.

According to market source, meteorologists forecast temperatures during the month of August to be near normal after a warmer-than-average June and July near-normal temperatures, which would turn down cooling demand over the next two weeks. Nearly 50% of all U.S. households use gas for cooling.

Analysts expect this week’s storage data scheduled to be published on Thursday will point to a build in a range between 17 and 27 billion cubic feet in the week ended July 28.

Trade suggestion

Buy Digital Put Option from 2.8160 to 2.8000 valid until 20:00 GMT July 31, 2017

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

CHF/JPY
From 114.000
Till 113.500
Digital
Option Digital
Direction Put
Expiry GMT 21:00 31/07/2017

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

GBP/USD
From 1.31300
Till 1.31600

Buy Option Digital
Direction Call
Expiry GMT 21:00 31/07/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on August 01, 2017



Asian stock markets traded higher on Tuesday after the Dow Jones Industrial Average eked out a fresh record high on Wall Street in the previous session. The MSCI Asia Pacific Index jumped 0.7 percent in the first trading session of the new month after having advanced for a seventh month in July. Meanwhile, Japanese shares also advanced after upbeat corporate earnings results.

Japan’s Topix index rose 0.5 percent, supported by gains in banks’ equities after Sumitomo Mitsui Financial Group Inc. - the second largest bank in Japan by market value - reported a 31 percent increase in net income for the June quarter. Australia’s S&P/ASX 200 Index surged 0.7 percent while South Korea’s Kospi index soared sharply 1.1 percent.

The Hang Seng Index in Hong Kong and the Shanghai Composite Index climbed 0.8 percent and 0.4 percent, respectively. According to data released by Markit, the Caixin manufacturing PMI came in at 51.1, well above expectation calling for a reading of 50.4. Any level above 50 denotes expansion.

The Australian dollar tumbled to as low as 0.79943 after the Reserve Bank of Australia left its cash rate at 1.5 percent on Tuesday, as widely expected decision given policy makers. The central bank also said an appreciating exchange rate which witnessed the Aussie trading near nearly-two-year highs versus the dollar would result in a slower pick-up in economic activity and inflation than currently forecast.

Crude oil futures continued to trade higher on Monday with U.S. West Texas Intermediate (WTI) crude futures jumping above $50 per barrel for the first time since late May. Analysts anticipate U.S. crude oil inventories declined 2.9 million barrels in the past week.



Technicals

EURUSD



EURUSD rebounded higher following correction that came after the currency pair reached the highest level since May 01st. The market fell into the overbought zone, as indicated by the RSI index which is at as high as 71.79. However, the pair is expected to trade higher as the ADX index is pointing upwards, signaling further advances.

Trade suggestion

Buy Digital Call Option from 1.18300 to 1.19000 valid until 20:00 GMT August 01, 2017



GBPUSD



GBPUSD is tracing a sharp uptrend after having surpassed a resistance at 1.31500. With upward support from two MAs that are lingering below the price action. Both ADX and RSI are on a rise, which indicates a strengthening bullish momentum in the market. The pair is anticipated to edge higher.

Trade suggestion

Buy Digital Call Option from 1.32300 to 1.32800 valid until 20:00 GMT August 01, 2017



GBPCHF



GBPCHF has been struggling around the level at 1.27600 after having surged to the highest level since mid-May 2017. The pair is anticipated to attempt a significant resistance at 38.2% Fibonacci retracement. Both RSI and ADX are surging, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 1.27900 to 1.28600 valid until 20:00 GMT August 01, 2017



BRENT



Brent crude futures prices retested a firm resistance at 52.600 again and are moving sideways above this significant level. The commodity price is expected to trade higher as the Brent crude market has been dominated by the sellers, as indicated by the RSI index which is at as high as 70.87.

Trade suggestion

Buy Digital Call Option from 52.900 to 53.700 valid until 20:00 GMT August 01, 2017

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

U.K. Shares Extend Gain, Bolstered by Impressive Earnings Results

U.K. shares jumped higher on Tuesday, extending their gains after closing July higher. The overall performance was supported by upbeat earnings reports from the oil major and the engine manufacturer such as BP PLC and Rolls-Royce Holdings PLC.

The FTSE 100 index soared more than 0.7 percent on Tuesday to trade at 7430.00 after having a July rise of 0.8%. Direct Line Insurance Group PLC led gains with shares sharply surging more than 7%. Shares of the motor insurance provider were boosted higher after the company posted a rise in first-half net profit to £275.5 million ($363.7 million) and raised its interim dividend.

Shares of BP PLC were among market leaders as the oil producer announced that it returned to profit in the second quarter of $553 million. While shares of BP PLC added nearly 3 percent, those of Rolls-Royce Holdings PLC took off nearly 10% after the aircraft engine maker reported a first-half net profit of £1.6 billion ($2.1 billion).

Trade suggestion

Buy Digital Call Option from 7430.00 to 7470.00 valid until 20:00 GMT August 01, 2017

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

AUD/CAD
From 0.99600
Till 0.99300

Option Digital
Direction Put
Expiry GMT 21:00 01/08/2017

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

EUR/JPY
From 130.100
Till 129.800

Option Digital
Direction Put
Expiry GMT 21:00 01/08/2017

 

[Option_Banque]

Signals by Option Banque

Daily Report on August 02, 2017



Asian shares advanced on Tuesday with gains in technology stocks offset losses in basic materials and energy. The MSCI's broadest index of Asia-Pacific shares outside Japan was steady near its highest since late 2007, helped by a jump of 0.8 percent in the MSCI tech index for Asia which was trading in territory not trod since early 2000. Impressive earnings result from tech giant was behind bullish sentiment in the sector.

Meanwhile, Japan's Nikkei rose 0.4 percent and Topix index gained 0.5 percent as Japanese yen lost ground versus most of its rivals. Hong Kong’s Hang Seng Index added 0.4 percent, while the Shanghai Composite Index was little changed. South Korea’s Kospi index also traded higher, advancing 0.2 percent. By contrast, Australia’s S&P/ASX 200 Index lost 0.4 percent.

Crude oil prices remained weak after having tumbled on Wednesday, depressed by a weekly report show U.S. fuel inventories rose last week. The American Petroleum Institute on Tuesday reported that U.S. crude stocks rose by 1.8 million barrels to 488.8 million in the week ending July 28 amid expectations calling for a draw of 3.2 million barrels. Official figures are due to be published by the U.S. Energy Information Administration (EIA) later in the day.

The New Zealand dollar was struck by data released by Statistics New Zealand early Wednesday which showed hiring declined unexpectedly in the country. The national unemployment rate was reported to hit a nine-year low at 4.8% in the June quarter. The reading was in line with market expectations and lower than the 4.9% rate reported in the previous quarter. However, employment dropped by 0.2% to 2.535 million people, missing forecasts for a rise of 0.7%.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY successfully broke out of a firm resistance at 130.550 – the level that had restrained the currency pair from trading higher since July 11th. With upward support from two MAs which are lingering below the price action, the pair is expected to advance further. RSI and ADX indices which are on rise confirmed the uptrend.

Trade suggestion

Buy Digital Call Option from 131.100 to 131.500 valid until 20:00 GMT August 02, 2017



GBPNZD



Fig: GBPNZD H4 Technical Chart

GBPNZD surpassed a strong resistance at 1.77500 and is heading higher, attempting to test another significant resistance at 50.0% Fibonacci retracement. While RSI index has jumped into the overbought zone, the ADX is soaring steadily, signaling further advances for the currency pair.

Trade suggestion

Buy Digital Call Option from 0.78100 to 0.78900 valid until 20:00 GMT August 02, 2017



GBPJPY



Fig: GBPJPY H4 Technical Chart

GBPJPY has broken out of a shrinking trading range which witnessed lower highs and higher lows formed along the way. A breakout from below suggests further advances with a resistance at 147.600 within the sight. RSI is heading towards the overbought zone, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 146.700 to 147.600 valid until 20:00 GMT August 02, 2017



FTSE 100 Index



Fig: FTSE 100 Index H4 Technical Chart

FTSE 100 index retreated after having failed to surpass a firm resistance at 7430.00. The pair has also been under downward pressure, as indicated by lower highs formed along the way. The price action fell below a couple of MAs. With RSI falling below the level 50 while –DI line converging with +DI line, the stock benchmark index is anticipated to test a support at 7360.00.

Trade suggestion

Buy Digital Put Option from 7400.00 to 7360.00 valid until 20:00 GMT August 02, 2017

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

Gold Futures Advance After Weaker-than-expected U.S. Jobs Data

Gold futures prices held near seven-week highs on Wednesday, supported by a weaker U.S. dollar that traded lower after data showed fewer new jobs than expected were created in the United States in July.

Gold futures for September delivery advanced above $1270.00 per ounce in North American trading session after a report on ADP Nonfarm Employment Change showed a rise of 178K new nonfarm private employment jobs. However, the reading was short of the forecast of 187K and marked a decrease over June’s 191K.

The U.S. Labor Department will release its July nonfarm payrolls report on Friday which is expected to show jobs growth of 183,000 this month, following an increase of 222,000 in June. Unemployment rate is forecast to dip to 4.3% from 4.4% while average hourly earnings might have risen 0.3% after gaining 0.2% a month earlier.

Trade suggestion

Buy Digital Call Option from 1271.00 to 1275.00 valid until 20:00 GMT August 02, 2017

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

Apple Shares Soar to Would-be-record-highs Levels After Earnings Beat

Shares of Apple Inc. rallied more than 6 percent in extended session on Tuesday after the tech giant announced stronger-than-expected quarterly earnings while its iPhone sales met expectations.

Apple shares jumped 6.3 percent in after-hours trading to trade at $159.50, which would be a fresh record high if maintained during regular trading. The California-based company reported fiscal third-quarter earnings of $8.72 billion, or $1.67 a share, well above $7.8 billion, or $1.42 a share, a year earlier. Analysts had expected earnings of $1.57 a share.

Apple posted revenue of $45.41 billion, up from $42.36 billion recorded one year ago and topping analysts’ estimate of $44.89 billion. Sales of iPhones were reported to reach 41.03 million, advancing from 40.4 million in the same period last year and beating expectations calling for sales of 41 million units.

The iPhone marker anticipates fiscal fourth-quarter revenue to hit a range of $49 billion to $52 billion.

Trade suggestion

Buy Digital Call Option from 159.50 to 161.00 valid until 20:00 GMT August 02, 2017

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

CAD/JPY
From 87.800
Till 87.400

Option Digital
Direction Put
Expiry GMT 21:00 02/08/2017

 

[Option_Banque]

Daily Report on August 03, 2017



Asian shares retreated on Thursday after having surged to the highest level in almost 10 years in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.6 percent from its highest since December 2007, with losses led by South Korea's tech-heavy Kospi index. The Dow Jones Industrial Average topped the 22,000 mark for the first time on Wall Street on Wednesday on the back of sharp up moves in Apple shares following its earnings.

Leading the declines, South Korean shares dropped by the most since November after President Moon Jae-in announced plans to raise taxes on big corporations and high-earning individual. South Korean tech shares were also hit hard as shares of Samsung Electronics Co. - the largest weighting on the Kospi index – tumbled as much as 3.8 percent.

Japanese equities were also on a decline. Japan's Nikkei dropped 0.3 percent while Topix index dropped 0.1 percent. Australia’s S&P/ASX 200 Index lost 0.2 percent, Hong Kong’s Hang Seng Index also slid 0.2 percent and the Shanghai Composite Index shed 0.3 percent.

According to data released by Financial information firm IHS Markit Ltd., activity in the U.K.'s services sector grew faster in July from June's four-month low. U.K.’s services PMI rose to 53.8 in July from 53.4 a month earlier, slightly below the expectations of analysts calling for a reading of 53.9.



Technicals

AUDNZD



AUDNZD had been trapped between the short-term MA20 and the long-term MA50 before breaking out of the MA50 from above to trade lower. The price action also fell below a firm support at 50.0% Fibonacci retracement, indicating a strengthening bearish force formed in the market. RSI is pointing downwards, suggesting further declines.

Trade suggestion

Buy Digital Put Option from 1.06950 to 1.06600 valid until 20:00 GMT August 03, 2017



GBPAUD



GBPAUD has been struggling around a resistance at 1.67000 after having soared to the highest level in more than two weeks in the previous session. With support from two MAs lingering below the price action, the currency pair is anticipated to edge higher to attempt a significant level at 50.0% Fibonacci retracement.

Trade suggestion

Buy Digital Call Option from 1.67100 to 1.67700 valid until 20:00 GMT August 03, 2017



WTI



WTI has broken out of a period of trading sideways as the price action had faced a resistance at the short-term MA20. The commodity price is expected to trade higher, attempting to test a fixed resistance at 50.800 as the market is dominated by bullish force. RSI index has surged above 50, confirming the uptrend.

Trade suggestion

Buy Digital Call Option from 49.800 to 50.800 valid until 20:00 GMT August 03, 2017



SILVER


Silver has been tracing a downtrend under downward pressure from two moving averages which are hanging above the price action. The precious metal is expected to trade lower, possibly testing a support at 16.350 as the RSI index has fallen to as low as 40, which indicates a strengthening bearish momentum in the market.

Trade suggestion

Buy Digital Put Option from 16.450 to 16.350 valid until 20:00 GMT August 03, 2017

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

Shares of Tesla Jump Nearly 8% on Upbeat Earnings and Rising Delivery Forecasts

Shares of Tesla Inc. rose as high as 8 percent in late trade on Wednesday after the car market reported sales above Wall Street expectations and predicted increased Model S deliveries in the second half of 2017.
Tesla’s shares jumped as much as 7.45 percent to trade at $350.16 in after-hours trading after ending the regular session up 2%. Tesla reported that it lost $336.4 million or $2.04 a share in the second quarter, which was larger than a loss of $293.2 million, or $2.09 a share recorded one year ago.
However, adjusted for one-time items, Tesla lost only $1.33 a share, well below $1.61 a share a year ago and analysts’ expectation for a loss of $1.88 a share. Besides a narrower-than-expected second-quarter loss, the Silicon Valley car maker posted revenue of $2.8 billion, up from $1.3 billion a year ago and beating forecast of $2.52 billion in revenue.
Tesla claimed that Model S demand was increasing, and therefore, Model S and X deliveries are expected to rise in the second half of 2017.

Trade suggestion

Buy Digital Call Option from 350.20 to 360.00 valid until 20:00 GMT August 03, 2017

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

Sterling Tumbles After the BOE Holds Rates but Cuts Growth Rate Forecasts

The British pound slumped versus most of its rivals including the U.S. dollar after the Bank of England cut its U.K. growth outlook on expectation that Brexit will continue to take a toll on U.K. investment and growth.

Sterling pulled away from an 11-month high of 1.3266 hit earlier in the session and dropped more than 0.8 percent to $1.3111, heading for the biggest drop since June. The BOE left interest rates on hold at record lows of 0.25 percent after its monetary policy meeting on Thursday.

The central bank also cut its economic growth forecast for this year and next. Particularly, the BOE forecasts economic growth of 1.7 percent this year and 1.6 percent in 2018. These figures marked a decrease from previously expectations calling for growth rate of 1.9 percent in 2017 and 1.7 percent next year.

Trade suggestion

Buy Digital Call Option from 1.31200 to 1.30800 valid until 20:00 GMT August 03, 2017

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

EUR/GBP
From 0.90400
Till 0.90800

Buy Option Digital
Direction Call
Expiry GMT 21:00 03/08/2017

 

[Option_Banque]

Daily Report on August 04, 2017



Asian shares were mixed on Friday following a technology-led drop on Wall Street in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2 percent higher, poised to climb 0.3 percent for the week. Meanwhile, Japanese stocks lost ground. Due to a strong yen, Japan’s Topix index slid 0.2 percent and Nikkei index dropped 0.3 percent. Both indices looked set to end the week little changed.

Overnight, while the Dow Jones Industrial Average edged up to a seventh straight record high, staying above the 22,000 level breached on Wednesday, the S&P and Nasdaq closed 0.2 percent and 0.35 percent lower respectively, weighed down by Amazon.com, Apple (NASDAQ:AAPL) and other top-shelf technology stocks. South Korea's KOSPI recovered 0.3 percent on Friday after having closed at a 3-1/2-week low on Thursday.

According to data released by the Australian Bureau of Statistics on Friday, Australian retail sales rose in June. Supported by a recent strong improvement in the country's job market, the country’s retail sales rose by 0.3% in June from May, above analysts’ expectation for a 0.2% rise for the months. On a quarterly basis, retail sales gained 1.5%, beating an expected up 1.2% on quarter gain.

Crude oil futures dipped on Friday after a report showed exports by the Organization of the Petroleum Exporting Countries (OPEC) rose to a record high in July. According to the data, OPEC’s crude oil exports jumped to 26.11 million barrels per day (bpd) last month, marking a rise of 370,000 bpd. Meanwhile, U.S. oil production reached the highest since August 2015 at 9.43 million bpd and up 12 percent from its most recent low in June last year.



Technicals

EURJPY



Fig: EURJPY H4 Technical Chart

EURJPY rebounded from a strong support at 130.550 and is facing a dynamic resistance at the short-term MA20. The pair, with support from two MAs hanging below the price action, is expected to break out of this resistance and head higher to a level 131.350. RSI is at as high as 53.68, indicating a strengthening bullish force in the market.

Trade suggestion

Buy Digital Call Option from 130.850 to 131.350 valid until 20:00 GMT August 04, 2017



GBPCHF


Fig: GBPCHF H4 Technical Chart

The currency pair GBPUSD is likely to extend its down moves following a consolidation that came after a sharp drop from the 38.2% Fibonacci retracement. The price action has crossed over the short-term MA20 and is heading downwards to a support at 1.26400 where the long-term MA50 is also within the sight.

Trade suggestion

Buy Digital Put Option from 1.27100 to 1.26400 valid until 20:00 GMT August 04, 2017



Natural Gas



Fig: Natural Gas H4 Technical Chart

Natural gas futures prices retreated after having failed to surpass a significant level at 23.6% Fibonacci retracement. Under downward pressure from two MAs, the commodity’s price is expected to trade lower, likely to breach a firm support at 2.7800 – the level that has restrained the price from falling since July 31st. Another strong support at 2.7270 is anticipated to be tested.

Trade suggestion

Buy Digital Put Option from 2.7720 to 2.7270 valid until 20:00 GMT August 04, 2017



SILVER



Fig: SILVER H1 Technical Chart

Silver has been tracing an uptrend after breaking out of a period of trading. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strengthening uptrend. While RSI index is soaring, ADX is also on a rise with a widening gap between +DI and -DI lines, signaling further advances for the precious metal.

Trade suggestion

Buy Digital Call Option from 16.730 to 16.850 valid until 20:00 GMT August 04, 2017

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

U.S. Dollar Takes Off After Impressive 209K Jobs Added in July, Sterling Tumbles

The U.S. dollar rallied on Friday after the Bureau of Labor Statistics released July jobs data that easily beat Wall Street expectations. The sharp surge of the greenback pushed the British Pound to the lowest level in more than one week.

The currency pair GBPUSD tumbled more than 0.7 percent to trade at $1.30400 – the lowest since July 26th – in North American trading session, looking set to close the week lower. The greenback was supported strongly after the highly-awaited report showed the country created 209,000 new jobs last month.

The reading topped Wall Street forecasts for 175,000 jobs to have been added in July. In total, the U.S. has created nearly 450,000 new jobs in the past two months, pushing the jobless rate back down to a 16-year low of 4.3% from 4.4% recorded in the previous month. On a monthly basis, pay rose 0.3% in July to an average of $26.36 an hour, remaining at the year-over-year growth rate of 2.5% as in the prior month.

Trade suggestion

Buy Digital Put Option from 1.30400 to 1.30100 valid until 20:00 GMT August 04, 2017

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

Kraft Heinz Raises Q2 Dividend As Earnings Helped by Cost Cuts Amid Weak U.S. Sales

Shares of Kraft Heinz Co added more than 1% in after-market trading on Thursday after the food giant reported sales missed forecasts but adjusted earnings above Wall Street expectations.

Kraft Heinz’s shares edged 1.14% higher to trade at $87.50 in extended session after the food and beverage conglomerate posted net income of 1.16 billion, or 94 cents per share, in the latest quarter. This marked a rise of 50.5 percent compared with $770 million, or 63 cents a share, in the year-ago quarter.

Excluding certain items, the Chicago, Illinois – based company earned 98 cents a share in the quarter, up from 85 cents a share a year ago and 3 cents ahead of analysts’ average estimate.

Due to a decline in U.S. sales, which account for more than two-thirds of Kraft’s total revenue, the company’s revenue dropped 1.7 percent to $6.68 billion from $6.79 billion a year ago and missed analysts’ average estimate of $6.73 billion.

However, Kraft Heinz raised quarterly dividend to 62.5 cents a share from the prior quarterly dividend rate of 60 cents a share as the company kept a tight leash on costs. Selling, general and administrative expenses were reported to plunged by 15 percent to $760 million in the second quarter ended July 1.

Trade suggestion

Buy Digital Call Option from 87.50 to 89.00 valid until 20:00 GMT August 04, 2017

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

EUR/USD
From 1.17600
Till 1.17200

Option Digital
Direction Put
Expiry GMT 21:00 04/08/2017

 

[Option_Banque]

Daily Report on August 07, 2017



Asian shares rebounded higher, returning to the highest level in almost 10 years following a strong advance on Wall Street last Friday. Strong U.S. hiring data bolstered optimism about economic growth in the world’s largest economy and sent U.S. stock benchmark index higher at the close with the Dow Jones Industrial Average ending at its eighth straight record high.

The MSCI Asia-Pacific Index jumped 0.6 percent to trade close to its highest since December 2007 while Japanese shares also gained ground as the currency Yen clung to losses. Indeed, Japan’s Topix index rose 0.6 percent, on course for a two-year high, boosted by earnings data at Toyota Motor Corp which showed first-quarter profit beat estimates and rosy full-year forecast.

Benchmarks in Australia, South Korea and Hong Kong also edged higher. The S&P/ASX 200 Index in Sydney climbed 1 percent, with gains led by shares of miners and banks. Meanwhile, South Korea’s Kospi index jumped 0.5 percent and the Hang Seng Index rose 0.4 percent. By contrast, Shanghai Composite was flat.

Crude oil prices edged lower with West Texas Intermediate crude and global benchmark Brent losing 0.1 percent. Data released by the energy services firm Baker Hughes on Friday showed U.S. drillers cut one oil rig in the week to Aug. 4, bringing the total count down to 765. Representatives of Organization of Petroleum Exporting Countries meet with their allies in Abu Dhabi on Monday and on Tuesday to discuss ways to boost compliance with their supply reduction agreement.



Technicals

NZDUSD




NZDUSD has been tracing a sharp downtrend as the currency pair has been under downward pressure exerted by two MAs that are hanging above the price action. While the RSI index is pointing downward, ADX index is heading higher with a widening gap between –DI and +DI lines, suggesting further declines for the pair.

Trade suggestion

Buy Digital Put Option from 0.73700 to 0.73100 valid until 20:00 GMT August 07, 2017



USDCAD




USDCAD rebounded higher following a period of correction as the pair had jumped to the highest since mid-July. The RSI index is pointing upwards, whereas, ADX index is heading higher with a widening gap between +DI line and -DI line, signaling further advances for the currency pair. A resistance at 1.27600 is within the sight.

Trade suggestion

Buy Digital Call Option from 1.26800 to 1.27600 valid until 20:00 GMT August 07, 2017



EURAUD



EURAUD bounced back from a significant support at 23.6% Fibonacci retracement after a period of moving sideways around this level. The price action has crossed over the long-term MA50 from below after having surpassed the short-term MA20. The pair is expected to extend its upbeat moves with RSI index is at as high as 59.36.

Trade suggestion

Buy Digital Call Option from 1.49100 to 1.49600 valid until 20:00 GMT August 07, 2017



GBPNZD



GBPNZD has been on a steady rise after having bounced back from a firm support at 1.75650. The price did not only breach the 61.8% Fibonacci retracement but also surpassed two MAs from below. Both RSI and ADX indices are soaring, which suggests the pair may head higher to retest a resistance at 1.77900.

Trade suggestion

Buy Digital Call Option from 1.77200 to 1.77900 valid until 20:00 GMT August 07, 2017



BRENT



Brent crude price retreated as the bullish trend failed to sustain further advances. Lower highs were formed in the chart, showing a weakening bullish momentum. The price action has fallen below two MAs, which suggests a reversal into a downtrend. With RSI having dropped to as low 46.100, the commodity’s price is expected to test the 23.6% Fib. retracement.

Trade suggestion

Buy Digital Put Option from 51.700 to 51.000 valid until 20:00 GMT August 07, 2017



CAC40



As can be seen from the chart, the stock benchmark index has been advancing with its price action breaking out of a slopping downward trading range. RSI index is pointing upwards, whereas, ADX index is heading higher with a widening gap between +DI line and -DI line, signaling further advances for the index.

Trade suggestion

Buy Digital Call Option from 5220.00 to 5260.00 valid until 20:00 GMT August 07, 2017

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

Sterling Ticks Down While Mining Shares Advance, FTSE 100 Index Trades Higher

U.K. shares extended gains on Monday, bolstered by strength in mining stocks and a weakening British Pound. The FTSE 100 index added nearly 0.2% to trade at a six-week high at 7525.00 in afternoon session after having closed higher by 0.5% last Friday.

The blue-chip benchmark index hovered around the highest level since June 19th, 2017 with a sharp increase of 2% last week – the biggest weekly gain since December. Mining shares led gains in the market due to the fact that iron ore prices jumped by roughly more than 6%.

Shares of BHP Billiton PLC climbed by more than 1.7 percent while shares of its rival Rio Tinto PLC also added around 1.73 percent. Shares of iron ore producer Anglo American drove up 2% while Glencore PLC witnessed even more impressive up moves with an increase of nearly 2.5% in equities.

The Baar, Switzerland- based commodities miner and trader is scheduled to publish second-quarter results on Thursday.

Shares of oil majors also traded higher even though crude oil price remained weak. Shares of BP PLC added 0.53% while those of Royal Dutch Shell PLC edged 0.36% higher.

Meanwhile, Sterling reversed lower against most of its peers on Monday, paring its gains versus the U.S. dollar in early trade. The pair GBPUSD lost more than 0.15% to linger around $1.3020.

Trade suggestion

Buy Digital Call Option from 7525.00 to 7560.00 valid until 20:00 GMT August 07, 2017

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

EUR/NZD

From 1.59400
Till 1.60000

Buy Option Digital
Direction Call
Expiry GMT 21:00 07/08/2017

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

AUD/NZD

From 1.07550
Till 1.07770

Buy Option Digital
Direction Call
Expiry GMT 21:00 07/08/2017

 

[Option_Banque]

Daily Report on August 08, 2017



Asian shares were litter changed on Tuesday, taking a breather close to the highest since 2007 following the release of disappointing Chinese trade data. Overnight, U.S. shares advanced on Wall Street with the Dow and the Nasdaq index rising 0.12 percent and 0.51 percent, respectively. The S&P 500 rose 0.2 percent to an all-time high on Monday but its futures index fell 0.1 percent in Asian trading session.

MSCI's broadest index of Asia-Pacific shares outside Japan was be barely changed after giving up modest early gains while Japanese shares retreated. Indeed, Japan's Nikkei and Japan’s Topix index both eased 0.3 percent. Australia’s S&P/ASX 200 Index lost even 0.6 percent, whereas, South Korea’s Kospi index and Hong Kong’s Hang Seng Index swung between gains and losses.

China's main markets remained weak after data released by the Customs General Administration of China showed that exports and imports both grew much less than expected in July. China's export growth was reported to slow to 7.2 percent in July from a year earlier, falling to reach analysts’ expectation calling for a 10.9 percent gain. The reading marked the weakest pace since February.

Meanwhile, imports also witnessed the slowest growth since December. China’s imports jumped 11.0 percent, down from a 17.2 percent rise in the previous month and well below expectations of 16.6 percent growth. China’s trade balance hit a surplus of $46.74 billion for the month, the highest since January. The reading surpassed forecasts for $46.08 billion.

Crude oil prices extended losses in Asian trading on Tuesday with both global benchmark Brent crude futures and U.S. crude futures down 0.4 percent. The decline came after news showed a recovery in output at Libya's largest oil field known as Sharara field. Production from the field that could give an output of 270,000 bpd returned to normal after a brief disruption, the National Oil Corporation (NOC) reported on Monday.



Technicals

NZDJPY



NZDJPY has been tracing a steady downtrend after reversing lower from six-month highs that logged on July 27th. The currency pair has been under downward pressure from the short-term MA20 that is hanging above the price action. The RSI has stepped into the oversold zone while the ADX index is heading higher, indicating a strengthening bearish force in the market.

Trade suggestion

Buy Digital Put Option from 81.250 to 80.700 valid until 20:00 GMT August 08, 2017



GBPCHF



GBPCHF has been moving sideways round the level of 1.26700 since last Friday. The short-term MA20 has crossed over the long-term MA50, confirming a reversal into the downtrend. RSI continued to head down, moving to as low as 44.29, which indicates a market dominated by sellers. The pair is forecast to trade lower to hit a support at 1.26000.

Trade suggestion

Buy Digital Put Option from 1.26700 to 1.26000 valid until 20:00 GMT August 08, 2017



GBPJPY



GBPJPY has been edging lower with lower highs and lower lows formed in the price chart. With the price action breaking out of a shrinking trading range from above and sellers jumping into the market (as indicated by RSI index that is at as low as 36.36), the pair is expected to trade lower, likely to test a support at 143.600.

Trade suggestion

Buy Digital Put Option from 144.200 to 143.600 valid until 20:00 GMT August 08, 2017



WTI



U.S. rebounded higher following a period of trading sideways as the price twisted with a couple of moving averages. The RSI index has been on a rise, hitting as high 57.48, indicating a strengthening bullish momentum in the WTI market. The commodity is anticipated to extend its up move in an attempt to test a resistance at 50.370.

Trade suggestion

Buy Digital Call Option from 49.600 to 50.370 valid until 20:00 GMT August 08, 2017



GOLD



Gold has inched higher, sending its price action above both the long-term MA50 and the short-term MA20. While the RSI index is soaring to as high as 61.75, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, which suggest further advances for the precious metal. A resistance at 1265.00 is within the sight.

Trade suggestion

Buy Digital Call Option from 1261.00 to 1265.00 valid until 20:00 GMT August 08, 2017

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

Marriott Downgrades Q3 Earnings Forecast, Shares Lose 3% in Extended Session

Shares of Marriott International Inc. lost nearly 3% in late trading after having closed the regular trading session 1.1% higher. The hospitality company reported a better-than-expected Q2 earnings but forecasts profit in the current quarter would come below analysts’ expectations.

Marriott shares plunged by 2.99% in after-hours trading to trade at $103.00 per shares after earnings results showed net income of $414 million, or $1.08 a share on sales of $5.8 billion for the three-month period to June 30. This marked an increase from earnings of 97 cents a share on sales of $3.9 billion recorded in the same period last year.

After adjustments for one-time items, the world’s largest hotel chain claimed earnings of $1.13 a share which easily topped market forecast calling for adjusted earnings of $1.01 a share on revenue of $5.64 billion.

Marriott on Monday said it would partner with China’s Alibaba Group Holding Ltd on a travel venture that would allow Chinese travelers to book rooms at Marriott hotels via Alibaba’s travel service platform known as Fliggy.

Despite the plan to aim at the growing number of Chinese citizens travelling abroad who are expected to take an estimated 700 million trips over the next five years, Marriott anticipates its forecast for earnings in the third quarter to be in a range of 96 cents to 99 cents a share, which is slightly lower than analysts’ expectations of $1.01 a share.

Revenue the company expects to earn this year from its rooms in North America is forecast to rise between 1 to 2 percent in fiscal 2017, a decrease from its previous forecast of an increase of rise of 1 to 3 percent.

Trade suggestion

Buy Digital Put Option from 103.00 to 101.00 valid until 20:00 GMT August 08, 2017

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

U.S. Dollar Rallies After JOLTS Job Openings Jump More Than Expected, Gold Tumbles

The U.S. dollar jumped sharply versus all of its major rivals after data showed the number of job openings in the U.S. rose much more than expected in June. The surge in the greenback weighed the price of gold back down the lowest level in nearly two weeks.

Indeed, the precious metal plunged to as low as $1254.00, down more than 0.6 percent on the back of the release of the monthly Job Openings and Labor Turnover Survey on Tuesday. The U.S. Labor Department reported that the number of job openings, excluding the farming industry rose to 6.163 million in June from 5.702 million a month earlier. May’s figure was revised upwards from the original reading of 5.666 million.

June’s reading did not only mark a fresh record but also easily smashed analyst’ forecast calling for an increase to 5.775 million in the number of job openings. The dollar was supported after the data release as it bolstered optimism over an improving U.S. labor market where employers actively seek workers.

Meanwhile, hiring decreased, reflecting the fact that companies are having trouble finding employees with enough skills. As a result, wages are expected to be raised, which would boost spending and send inflation towards the central bank’s target of 2%.

Trade suggestion

Buy Digital Put Option from 1254.00 to 1248.00.00 valid until 20:00 GMT August 08, 2017

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

EUR/JPY

From 130.200
Till 129.800

Option Digital
Direction Put
Expiry GMT 21:00 08/08/2017

 

[Option_Banque]

Daily Report on August 09, 2017



Asian shares dropped while investors piled into safe-havens assets such as U.S. Treasuries, gold, Swiss Franc and the yen amidst escalating tensions on the Korean peninsula. MSCI's broadest index of Asia-Pacific shares outside Japan plunged 0.7 percent, while Japanese equities were broadly lower due to the fact that the stronger yen sapped investors' appetite.

Japan's Nikkei index and Topix index fell 1.5 and 1.3 percent, respectively. South Korean shares shed 0.9 percent, while the won sank around 0.7 percent to 1,136.4 to the dollar. By contrast, the Swiss Franc rallied versus most of its rivals, jumping to a one-week high against the U.S. dollar. Gold futures advanced by 0.4 percent to $1,265.32 an ounce, extending their rally after climbing 0.3 percent on Tuesday.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is "carefully examining" plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

Crude oil prices remained weak even after the American Petroleum Institute on Tuesday reported that U.S. inventories dropped by 7.893 million barrels at the end of last week, far more than the 2.2 million barrels decline seen. The U.S. Energy Information Administration is scheduled to release its official weekly petroleum status report later in the day.



Technicals

NZDJPY


Fig: NZDJPY H4 Technical Chart

NZDJPY has been tracing a steep downtrend which sent the currency pair to seven-week lows at 80.413. The price action has breached a significant level at 61.8% Fibonacci retracement while the RSI index has entered the oversold zone. With ADX index has still been on a rise, the pair is expected to test a support at 50.0% Fib. level.

Trade suggestion

Buy Digital Put Option from 80.300 to 79.700 valid until 20:00 GMT August 09, 2017



GBPUSD


Fig: GBPUSD H4 Technical Chart

GBPUSD has been moving sideways following a sharp down move that pushed the currency down to the lowest level since July 21st. The pair looked set to tick down further as the market has been dominated by sellers, not to mention downward pressure exerted from two MAs hanging above the price action. A support at 23.6% Fibonacci retracement is expected to be tested.

Trade suggestion

Buy Digital Put Option from 1.29700 to 1.29200 valid until 20:00 GMT August 09, 2017



CADJPY



Fig: CADJPY H4 Technical Chart

CADJPY has been trading lower, dropping to the lowest level since early-July at 86.626. The pair bounced back a little bit due to a correction after the market had been sent to the oversold zone. However, downbeat moves are forecast to extend as the ADX index continues to point upwards. A support at 86.000 is within the sight.

Trade suggestion

Buy Digital Put Option from 86.600 to 86.000 valid until 20:00 GMT August 09, 2017



USDCAD



Fig: USDCAD H4 Technical Chart

USDCAD extended its up moves following a period of consolidation. With the support from two MAs lingering below the price action, the currency pair is anticipated to inch higher in an attempt to test a resistance at 1.27600. RSI and ADX indices are rising, confirming further upbeat moves.

Trade suggestion

Buy Digital Call Option from 1.27000 to 1.27600 valid until 20:00 GMT August 09, 2017



GOLD


Fig: GOLD H4 Technical Chart

Gold futures prices have been trading sideways around the level 1265.00 after having hit the highest level since last Friday. The market has still been dominated by buyers as RSI is at as high as 61.59. With support from two MAs, the precious metal price is forecast to extend its rally to a resistance at 1270.00.

Trade suggestion

Buy Digital Call Option from 1265.00 to 1270.00 valid until 20:00 GMT August 09, 2017



DAX 30



Fig: DAX 30 Index H4 Technical Chart

Germany’s DAX 30 Index gapped down on Wednesday, sending its price action below both a significant level at 23.6% Fibonacci retracement and two moving averages that had been lingering below the price action. RSI fell below the level 50, indicating a strengthening bearish momentum in the market. A support at 12090.00 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 12200.00 to 12090.00 valid until 20:00 GMT August 09, 2017

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

Yen Jumps to Eight-week Highs Versus Dollar Amid Escalating Geopolitical Tensions

The Japanese yen rallied versus most of its rivals, jumping to an eight-week high against the U.S. dollar amidst rising geopolitical tensions stemming from the Korean Peninsula.

The pair USDJPY plunged more than 0.4 percent in Asian trading session to trade near the lowest level since mid-June at 109.860 yen. The currency recovered a little bit following a retreat to 109.740 – its weakest since June 15 as geopolitical tensions have ramped up.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

Trade suggestion

Buy Digital Put Option from 109.900 to 109.500.00 valid until 20:00 GMT August 09, 2017

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

Investors Flock Into Safe-havens Assets, Gold Jumps The Most in Two Months

Gold futures rallied on Wednesday as investors moved toward safety plays amidst escalating tension between North Korea and the U.S. that dragged down U.S. shares. U.S. stock benchmark index extended a modest retreat from record levels logged earlier this week.

The precious metal surged 1.24 percent to trade at $1,272.00 an ounce in North American trading session, looking set to record the biggest jump in two months. Investors piled into safe-havens assets like gold as geopolitical tensions have ramped up, sapping investors’ appetite for risky investments.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

The Dow Jones Industrial Average lost nearly 0.3 percent, the S&P 500 index shed 0.36 percent while the Nasdaq Composite Index even declined more sharply, slipping more than 0.7 percent.

Trade suggestion

Buy Digital Call Option from 1273.00 to 1277.00.00 valid until 20:00 GMT August 09, 2017

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

GBP/CHF

From 1.25300
Till 1.24600

Option Digital
Direction Put
Expiry GMT 21:00 09/08/2017

 

[Option_Banque]

Daily Report on August 10, 2017



Asian shares pared early gains to reverse lower on Thursday as investors have still been under pressure stemming from tension surrounding the Korean peninsula. The MSCI Asia Pacific Index was little changed while Japanese shares were mixed. The Nikkei 225 Stock Average added 0.1 percent and the Japan’s Topix index was little changed.

Australian equities climbed with the Australia’s S&P/ASX 200 Index advancing 0.4 percent. By contrast, South Korea’s benchmark gauge extended declines with the Kospi index falling 0.2 percent following a decline of 1.1 percent on Wednesday. European stocks also fell on Thursday. While the The Stoxx Europe 600 shed 0.49%, Germany’s DAX 30 index and France’s CAC 40 index slipped 0.69% and 0.36%, respectively.

Crude oil prices advanced on Thursday after data showed U.S. crude inventories fell more than expected last week. The Energy Information Administration on Wednesday reported that U.S. crude stockpiles dropped by 6.5 million barrels last week, which was steeper than the expected decrease of 2.7 million barrels. However, refineries were reported to boost their output to the highest percentage of capacity in 12 years with nearly 17.6 million barrels of crude last week.

According to data released by the Cabinet Office, Japan's core machinery orders unexpectedly inched lower for a third consecutive month in June. Core orders were posted to have decreased 1.9 percent in June from the previous month following a 3.6 percent tumble in May.



Technicals

NZDUSD



NZDUSD has been under downward pressure exerted by two MAs that are hanging above the price action, especially the short-term MA20. The price action failed to cross over this dynamic resistance and has even fallen to as low as 0.72600 - the lowest level since July 18th. With a market dominated by sellers, the pair is expected to test a support at 38.2% Fibonacci retracement.

Trade suggestion

Buy Digital Put Option from 0.72600 to 0.72000 valid until 20:00 GMT August 10, 2017



EURJPY


EURJPY’s price action has breached a significant level at 61.8% Fibonacci retracement after having failed to surpass a resistance at 129.500. The pair retested a low of 128.650 and looked set to extend its downtrend. While the RSI index is pointing lower, the ADX index is on a rise with a widening gap between the -DI and +DI lines, signaling further declines for the pair.

Trade suggestion

Buy Digital Put Option from 128.600 to 128.100 valid until 20:00 GMT August 10, 2017



AUDNZD



AUDNZD has been on a sharp uptrend which sent its price action above the 61.8% Fibonacci retracement. The pair is retesting a high at 1.08453 – the highest level since July 20th. With the support from two MAs lingering below the price action, the pair is anticipated to trade higher, likely to attempt a resistance at 1.09000.

Trade suggestion

Buy Digital Call Option from 1.08500 to 1.09000 valid until 20:00 GMT August 10, 2017



Natural Gas


Natural gas futures prices have been trading around a level at 2.8800 after having surged to the highest level since July 31st. After a short correction, the price extended its rally. While the RSI index is soaring to as high as 68.06, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, which suggest further advances for the commodity

Trade suggestion

Buy Digital Call Option from 2.8950 to 2.9500 valid until 20:00 GMT August 10, 2017



SILVER


Silver has been tracing a strong uptrend after having surpassed a resistance at 16.850. As can be seen from the chart, the RSI index has been on a rise, hitting a high of 76.31, indicating a strengthening bullish momentum in the WTI market. ADX index is also edging higher, signaling further advances.

Trade suggestion

Buy Digital Call Option from 17.060 to 17.260 valid until 20:00 GMT August 10, 2017



FTSE 100



After a period of moving sideways above the level of 7480.00, U.K.’s FTSE 100 index gapped down and fell into a shrinking trading range. The price action also crossed over both the short-term MA20 and the long-term MA50 from above, suggesting a reversal into a downtrend. A support at 7360.00 is within the sight.

Trade suggestion

Buy Digital Put Option from 7410.00 to 7360.00 valid until 20:00 GMT August 10, 2017

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

RBNZ To Hold Rates Until Q3 2019, New Zealand Dollar Sinks

New Zealand dollar lost ground versus most of its peers on Thursday after its central bank held interest rates at a record low for a fifth consecutive time and announced that the rate might not be hiked in the next two years due to weak inflation.

The kiwi dropped more than 0.4 percent against its American counterpart to trade at $0.7308 – the lowest level since July 18th. In a statement after the Reserve Bank of New Zealand (RBNZ) having kept the official cash rate at 1.75 percent, Governor Graeme Wheeler said that “Monetary policy will remain accommodative for a considerable period”.

New Zealand’s inflation slowed to 1.7 percent in the June quarter after a rise of 2.2 percent in the three-month period to March which marked the first time in five years that inflation returned to the central bank 2 percent goal. For the first quarter of 2018, RBNZ forecast the rate would decline to 0.7 percent – lower than it previously expected.

Meanwhile, a strong New Zealand dollar continues to put pressure on import prices and suppresses inflation. Governor Graeme Wheeler claimed that “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth,” given the fact that the local dollar has added 6 percent so far this year.

Trade suggestion

Buy Digital Put Option from 0.73000 to 0.72600 valid until 20:00 GMT August 10, 2017

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

GBP/USD

From 1.29750
Till 1.29350

Option Digital
Direction Put
Expiry GMT 21:00 10/08/2017