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  #541 (permalink)  
Old 06-10-2017, 12:19 AM
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Euro To Break the 1.1700 Handle as Political Turmoil Persists, Dollar Supported by Rate Hike Prospects

The euro reversed lower against the greenback on Thursday after two days of closing higher in a row. While the single currency was fragile amidst rising political turmoil and pessimism over possibility of the European Central bank tapering its bond-buying program, the U.S. dollar has been boosted by upbeat domestic data and hawkish comments from Fed officials.

The euro lost 0.45 percent versus its American counterpart on Thursday, sending the pair back down to near the benchmark level 1.17000 where it reversed higher on September 03rd. The single currency lost ground following the release of the minutes of the European Central Bank’s September meeting which showed that policy makers remained concerned over the euro’s volatility. The minutes reduced expectations that the ECB will begin reducing its quantitative easing program after its October meeting.

Whereas, after the regional government of Catalonia on Wednesday announced that they would declare independence from Spain on Monday, further depressing the currency.

The dollar, on the other hand, was supported strongly after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week and was better than analysts’ forecast calling for a figure of 266,000.

Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed in August. As exports climbed to a two-and-a-half year high and factory orders increased more than projected, U.S. trade deficit narrowed to 42.4B from 43.7B in July.

Trade suggestion

Buy Digital Put Option from 1.17000 to 1.16600 valid until 20:00 GMT October 05, 2017

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

Financial Sector Leads Gains, Helping U.S. Markets Bull Run Extend Winning Streak

U.S. shares jumped higher on Thursday to reach fresh record highs with the S&P 500 Index extended its upward rally to the longest streak since July 2013. U.S. stock markets’ bullish run were propelled by optimism over U.S. tax reforms and data pointing to solid U.S. growth.

The S&P 500 Index soared roughly 0.44 percent to trade at 2,548.89 with only two out of eleven major sectors trading in positive territory. Financials led gains with a jump of 0.9 percent after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

Upbeat U.S. data also support market participants’ sentiment. According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week. Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed to 42.4B in August from 43.7B in July.

Trade suggestion

Buy Digital Call Option from 2550,00 to 2560,00 valid until 20:00 GMT October 05, 2017

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

EUR/CAD

From 1.47250
Till 1.47650

Buy Option Digital
Direction Call
Expiry GMT 21:00 05/10/2017
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  #542 (permalink)  
Old 06-10-2017, 11:57 PM
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Daily Report on October 06, 2017



Global shares jumped higher on Friday after U.S. stocks notched record closing highs again in the previous session. Asian shares soared and European equities opened higher while gold extended losses as dollar lingered at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy that is strong enough to withstand higher interest rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan surged 0.3 percent, poised for a 1.6 percent gain on the week. Hong Kong’s Hang Seng index led gains with an increase of 3.3 percent in a holiday-shortened week. While Australia’s S&P/ASX 200 Index added 1 percent, Japan’s Topix index climbed 0.3 percent.

Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes Harvey and Irma in September. Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.



Technicals

GBPAUD



GBPAUD has been trading sideways to lower below a significant level at the 50.0% Fibonacci retracement. Under downward pressure exerted by the short-term MA20, the pair is anticipated to trade lower to test another firm handle at the 38.2% Fibonacci level. RSI index retreated to keep moving in the negative territory, suggesting further declines for the pair.

Trade suggestion

Buy Digital Put Option from 1.68100 to 1.67300 valid until 20:00 GMT October 06, 2017



USDCAD



USDCAD has been tracking a strong uptrend that has sent the pair to the highest level since August 31st. With the support from two moving averages that are lingering below the price action, the pair is expected to retest a firm resistance at 1.26350 – the level that force the pair to reverse lower late-August. Rising ADX and RSI indices signals further advances.

Trade suggestion

Buy Digital Call Option from 1.25950 to 1.26350 valid until 20:00 GMT October 06, 2017



EURUSD



The pair EURUSD successfully broke out of a strong support at the benchmark level 1.17000 in the previous session and is extending its downbeat moves. Under downward pressure exerted by two moving averages hanging above the price action, the pair is forecast to sustain its bearish momentum in an attempt to reach a support at 1.16450.

Trade suggestion

Buy Digital Put Option from 1.16850 to 1.16450 valid until 20:00 GMT October 06, 2017





NATURAL GAS



Under downward pressure from two moving averages that are hanging above the price action, natural gas futures extended their downtrend following a short consolidation. With the RSI index pointing down while ADX index witnessing a crossover between the –DI and +DI lines, the commodity is expected to trade lower to test a support at 2.8400.

Trade suggestion

Buy Digital Put Option from 2.8700 to 2.8400 valid until 20:00 GMT October 06, 2017





BRENT



Brent crude prices reversed lower after having hit a resistance at 57.200. The commodity is facing a firm support at 55.550 – the level that the price has failed to breach since the beginning of this week. After the price action had fallen below both the short-term MA20 and the long-term MA50, the commodity is anticipated to attempt a support at 54.800.

Trade suggestion

Buy Digital Put Option from 55.550 to 54.800 valid until 20:00 GMT October 06, 2017





EURGBP



EURGBP has been tracing a steady uptrend that sent the currency pair to the highest level since mid-September at 0.89800. While RSI index has jumped into the overbought zone, the ADX index is heading upwards with a widening distance between the +DI and –DI lines, indicating a strengthening bullish force in the market and suggesting further advances for the pair.

Trade suggestion

Buy Digital Call Option from 0.89800 to 0.90300 valid until 20:00 GMT October 06, 2017

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

Sterling Sinks to One-month Lows Amidst Rising Political Uncertainties

Sterling tumbled to one-month low versus the U.S. dollar in European trading session on Friday amidst rising political uncertainty while the dollar kept ticking higher due to optimism over one more rate hike this year.

The British Pound dropped 0.43 percent to trade at $1.3061, down from $1.3118 recorded late Thursday in New York. The pair GBPUSD was lingering at levels that have not seen since early September and looks set for a 2.5% weekly tumble, its biggest since the week ending October 7, 2016.

Speculation that a general election could be called in the U.K. grew but Theresa May’s future was in doubt after she failed to win a majority in June’s national election. Especially after her speech at the Tory party conference on Wednesday which is called “disastrous”, there are rumors that the Prime Minister will be asked to step down by her own party.

Trade suggestion

Buy Digital Put Option from 1.30600 to 1.30200 valid until 20:00 GMT October 06, 2017

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

Gold Futures Hover Near Two-month Lows Ahead of U.S. Non-farm Payrolls

Gold slipped in early European trading session on Friday, extending downbeat moves after having hit two-month lows in the previous session. The precious metal has been under pressure as the dollar was lingering at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy.

Contracts tied to gold for November delivery on the Comex division of the New York Mercantile Exchange dipped 0.21% to $ 1,268.70 a troy ounce, hovering near the weakest level since August 09th. Demand for the greenback has been bolstered on the back of hawkish comments from the Federal Reserve policy makers that signal one more rate hike at the end of this year.

Philadelphia Federal Reserve Bank President Patrick Harker on Thursday did not only echoed his colleagues’ claims but also said that he expected three rate increases next year. Upbeat U.S. data also support market participants’ sentiment, helping strengthen the greenback and put pressure on dollar-denominated gold prices.

Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes in September.

Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.

Trade suggestion

Buy Digital Put Option from 1268,00 to 1261,00 valid until 20:00 GMT October 06, 2017

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

AUD/USD

From 0.77400
Till 0.77000

Sell Option Digital
Direction Put
Expiry GMT 21:00 06/10/2017
__________________
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  #543 (permalink)  
Old 09-10-2017, 11:40 PM
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Daily Report on October 09, 2017



Asian shares were mostly higher on Monday while European stock market gains, led by equities in Spain. The Shanghai Composite Index soared 0.76 percent while the Shenzhen Composite Index jumped 1.3 percent after a weeklong holiday. However, Hong Kong stocks retreated with the Hang Seng Index closed 0.5 percent lower after having hit 10-year highs last Friday.

Whereas, Australian stocks extended their rally, adding 0.5 percent on Monday with advances mainly from stocks of the country’s big banks. New Zealand’s stock benchmark also traded higher with the S&P/NZX 50 Gross Index climbing 0.4% to 8,010.28. The index surpassed the 8,000 level for the first time in history after its fifth-straight record closing high.

Stocks in Europe also started the week on an upbeat note after mass demonstrations in Catalonia over the weekend in favor of Spanish unity. The Stoxx Euro 600 Index gained 0.2 percent, supported by Spain’s IBEX benchmark that surged nearly 0.7 percent. While a senior member of the Catalan administration called for dialogue on the region’s independence bid, companies threatened to move their head offices to other parts of the country.

European stocks also received a boost from data showing German industrial output jumped more than expected in August. According to data released by the Destatis, German industrial production rebounded from a summer lull and increased by 2.6 per cent on the month in August. This is the biggest monthly increase in more than six years. Elsewhere, stocks in the U.S. will be closed for the Columbus Day holiday Monday while markets including Japan, Korea and Taiwan are also closed.



Technicals

USDCAD


USDCAD rebounded after having hit a dynamic support at the short-term moving average MA20. While the RSI index is surging, ADX index is also on a rise with a widening gap between the +DI and –DI lines, which shows an overwhelming and strengthening bullish momentum in the market. A resistance at 1.26350 is within the sight.

Trade suggestion

Buy Digital Call Option from 1.25600 to 1.26350 valid until 20:00 GMT October 09, 2017



GBPUSD


GBPUSD reversed lower after having failed to sustain its bullish momentum above the short-term MA20. RSI index also turned lower which shows a recovering bearish force in the market. The pair is anticipated to extend its downbeat moves and trade lower, possibly heading towards a support at 1.30700.

Trade suggestion

Buy Digital Put Option from 1.31300 to 1.30700 valid until 20:00 GMT October 09, 2017





AUDNZD


With the support from a couple of moving averages which are lingering below the price action, especially the short-term MA20, the pair AUDUSD bounced back. The RSI index edged higher at as high as 56.73, showing a strengthening bullish force. A high at 1.10100 recorded earlier in the session is expected to be tested again.

Trade suggestion

Buy Digital Call Option from 1.09700 to 1.10100 valid until 20:00 GMT October 09, 2017





WTI


WTI crude price futures have been moving sideways around the level at 49.355 after having plunged to the lowest level since mid-September. The commodity has been under pressure from two moving averages that are hanging above the price action, which may depress the price further. RSI index is pointing downward, indicating a strengthening bearish force in the market.

Trade suggestion

Buy Digital Put Option from 49.200 to 48.500 valid until 20:00 GMT October 09, 2017

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

Natural Gas Futures Hit Two-month Trough As Mild Weather Hurts Demand

U.S. natural gas futures extended their downbeat moves on Monday, with prices weighed down by weather forecast that show milder weather over the next couple of weeks.

Front-month gas futures for November delivery on the New York Mercantile Exchange tumbled more than 0.7 percent to trade at $2.843 per million British thermal units in North American trading session, heading to close lower for the sixth trading session in the last seven days. The futures prices plunged to the lowest level since August 09, 2017 on Monday after having slipped by nearly 5% last week.

Weather forecasting models predicted mild temperatures for the eastern part of the U.S. due to the fact that high pressure returns. Meanwhile, the West Coast will be mild to warm and the southern U.S will be very warm to hot. According to market analysts, under the impact of mild weather that tends to hurt early-winter demand for the heating fuel, U.S. gas consumption would slip to 71.3 billion cubic feet per day (bcfd) this week and the next from 74.3 bcfd last week.

Trade suggestion

Buy Digital Put Option from 2.8300 to 2.8000 valid until 20:00 GMT October 09, 2017

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

Euro Gains Ground vs Rivals After ECB Hawk Calls Winding Down Asset Purchases

The euro rose versus its American counterpart for second day in a row on Monday, pulling back from a one-and-a-half-month low recorded last Friday. The single currency was boosted on the back of hawkish comments from an ECB hawkish official.

The pair EURUSD added 0.2 percent to trade at $1.1756 in North American trading session on Monday after having hit a low at $1.1668 on Friday. ECB Executive Board member Sabine Lautenschlaeger on Monday claimed that the central bank should reduce its asset purchases from next year with the aim to halt the program altogether.

Lautenschlaeger, who has in the past spoken favorably about withdrawing stimulus, argued that swelling the ECB’s balance sheet any further is not needed given the fact that the factors holding down inflation are temporary. The ECB is scheduled to hold its policy meeting later this month, on October 26th, to decide whether to continue bond purchases next year.

Trade suggestion

Buy Digital Call Option from 1.17560 to 1.17900 valid until 20:00 GMT October 09, 2017

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

USD/CHF

From 0.98000
Till 0.98350

Buy Option Digital
Direction Call
Expiry GMT 21:00 09/10/2017
__________________
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  #544 (permalink)  
Old 10-10-2017, 11:16 PM
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Daily Report on October 10, 2017



Shrugging off modest losses on Wall Street, Asian shares rose on Tuesday as traders returned from holidays. The MSCI Asia Pacific Index jumped 0.6 percent, led by an increase of 1.6 percent of South Korea’s Kospi index. Whereas, Japan’s Topix index gained 0.5 percent at the close of trading in Tokyo and Australia’s S&P/ASX 200 Index closed flat.

Hang Seng Index surged 0.6 percent while the Shanghai Composite Index added 0.2 percent after having reached its highest since January 2016 on Monday. The Chinese yuan also rose on Tuesday after the PBOC raised the official midpoint to 6.6273 per dollar, from Monday's fixing of 6.6493 per dollar. Head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target.

The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB's Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6. NAB's Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well”.

Crude oil futures prices advanced on Tuesday due to prospects of balancing oil market. OPEC’s secretary general Mohammad Barkindo on Monday said that “There is clear evidence that the market is rebalancing” given “the process of global destocking continues” in recent months.

The Federal Statistical Office of Germany on Tuesday reported that German exports surged in August due to strong demand from the Eurozone. Particularly, German’s total goods exports in August was reported to climbed 3.1% from July, led by a 10.6% increase in exports to eurozone countries.



Technicals

NZDJPY


NZDJPY reversed lower after a period of moving sideways below a significant level at the 50.0% Fibonacci level. The pair gapped down and fell below this level earlier this week but failed to recover and surpass this handle. Under downward pressure from two moving averages that are hanging above the price action, the pair is expected to trade lower to test a support at 79.000.

Trade suggestion

Buy Digital Put Option from 79.500 to 79.000 valid until 20:00 GMT October 10, 2017



EURUSD


EURUSD extended its upbeat rally following a consolidation around a couple of moving averages. The price action successfully penetrated these two dynamic resistance from below, which confirms the uptrend. While RSI index is pointing towards the overbought zone, ADX index is ticking higher with the +DI and –DI lines moving in different directions. Further advances are expected.

Trade suggestion

Buy Digital Call Option from 1.17900 to 1.18300 valid until 20:00 GMT October 10, 2017





USDCAD



USDCAD fell below both the short-term MA20 and the long-term MA50 after a consolidation. A reversal into a downtrend is confirmed after the breakout. With RSI index has jumped into the negative territory, the ADX index reversed higher with a widening gap between –DI and +DI lines. A support at 1.24500 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 1.25000 to 1.24500 valid until 20:00 GMT October 10, 2017





SILVER



Silver has been tracking an uptrend that has sent the precious metal to the highest level since September 26th. While the RSI index is heading upward, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, suggesting a strengthening bullish force in the market. A resistance at 17.200 is within the sight.

Trade suggestion

Buy Digital Call Option from 17.060 to 17.200 valid until 20:00 GMT October 10, 2017





GOLD



Gold has been trading higher after rebounding from a significant level at 61.8% Fibonacci retracement. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 from below, which confirms the uptrend. As both RSI and ADX indices are edging higher, the precious metal is anticipated to extend its upbeat move to attempt a resistance at 1298.00.

Trade suggestion

Buy Digital Call Option from 1291.00 to 1298.00 valid until 20:00 GMT October 10, 2017





BRENT


Brent crude prices rebounded from a firm support at 55.000 benchmark level which has supported the commodity price since September 13th. The price action has crossed over the short-term MA20 and is facing the long-term MA50. A breakout is expected with the market having jumped in the positive territory. ADX index is also on a rise. A resistance at 57.200 is anticipated to be tested.

Trade suggestion

Buy Digital Call Option from 56.400 to 57.200 valid until 20:00 GMT October 10, 2017

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

Supported by Upbeat Data and Signs of Stronger China’s Economy, Aussie Snaps Three-day Slide

The Australian dollar strengthened versus its American counterpart on Tuesday, snapping a three-day streak of losses. The Aussie gained ground in the wake of upbeat economic data and signs of stronger economic growth in China.

The pair AUDUSD added more than 0.5 percent to trade at $0.7796 in Asian trading session on Tuesday. The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB’s Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6.

NAB’s Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well.”

Meanwhile, head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target. Jizhe also added that measures taken by the government to cool the overheated property market have been effective and will remain in place.

Also supported by a weak dollar, the Chinese yuan rose on Tuesday as China’s central bank guided the currency’s midpoint higher. The People’s Bank of China (PBOC) fixed the official midpoint at 6.6273 per dollar, firmer than Monday’s fixing of 6.6493 per dollar, marking the first time it has raised that guidance in two weeks.

As China has become the biggest trading partner of Australia, especially Australian iron ore and coal, while Australian economy depends heavily on the foreign investment and commodity exports, investor sentiment towards the Aussie tends to partly be dictated by Chinese economic prospects.

Trade suggestion

Buy Digital Call Option from 0.78000 to 0.78300 valid until 20:00 GMT October 10, 2017

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

U.K. Stocks Reverse Higher on Gains in Shares of Miners and Upbeat Economic Data

U.K. shares advanced on Tuesday, reversing higher from a loss in the previous session. Mining shares led the overall performance thanks to gains in prices of dollar-denominated metals while upbeat industrial production figures also contributed to the bullish sentiment.

The FTSE 100 index jumped nearly 0.25 percent to trade at 7,526.71 after having slipped 0.2 percent on Monday. Shares of copper producers soared as copper prices touched their highest in four weeks on Tuesday. The metal climbed 0.45 percent to trade at $3.0445, sending shares of copper producers Antofagasta PLC and Fresnillo PLC up 1.58% and 1.75%, respectively.

On the back of a weak dollar, gold and silver prices were also on a rise, helping bolster shares of international gold mining and exploration business Randgold Resources up 0.8%.

Meanwhile, the Office for National Statistics on Tuesday reported that manufacturing production grew by 0.4% month on month in August, brought the annual growth rate to 2.8%, outstripping expectations of a 1.9% increase. Industrial production was reported to climb 1.6% year-over-year, also above a forecast of 0.9%.

Trade suggestion

Buy Digital Call Option from 7,526.71 to 7,550.00 valid until 20:00 GMT October 10, 2017

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

EUR/AUD

From 1.51500
Till 1.51900

Buy Option Digital
Direction Call
Expiry GMT 21:00 10/10/2017
__________________
Become A Part Of Option Banque and benefit from the best offerings in the industry including Huge Tradeable Bonuses, Risk Free Trades, Account Insurance Against Losses, Cash Backs, Auto Trader, Social Trading and a lot more.

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  #545 (permalink)  
Old 11-10-2017, 11:52 PM
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Daily Report on October 11, 2017



Asian shares surged strongly on Wednesday while European equities struggled for direction. Particularly, the Nikkei Stock Average reached a two-decade closing high as boosted by stronger earnings, not to mention an improved economy as well as a better environment for shareholders. By contrast, the Stoxx Europe 600 gauge was flat due to a drop in industrial metals that dragged down shares of miners. Germany’s DAX Index shed 0.2 percent to plunge to the lowest in more than a week.

The dollar remained weak amidst rising uncertainty over President Donald Trump’s tax plan. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies dropped more than 0.2 percent to trade at 93.07 - the lowest level since September 29. The greenback lost ground versus its major rivals after war of words between U.S. President Donald Trump and Tennessee Senator Bob Corker, an influential fellow Republican, which raised concerns over his push for a tax-code overhaul.

Market participants awaited the minutes of the Federal Reserve’s September meeting which will be released later in the day. Meanwhile, the euro's rally was boosted after Catalan leader Carles Puigdemont on Tuesday backed away from a declaration of independence from Spain. The action helped open the door to negotiations with Madrid and avert an immediate crisis.

Crude oil prices ticked higher on Wednesday, extending its rally to a third day thanks to prospects over a gradually tightening after years of oversupply. The American Petroleum Institute (API) is due to be published data on Wednesday, followed by figures of weekly inventory numbers released by the Energy Information Administration on Thursday. Reports were delayed due to a U.S. federal holiday on Monday.

The Kiwi remained weak after a final vote count from a general election held two weeks ago failed to identify a clear winner. New Zealand’s election officials on Saturday released the final 17 percent of the vote tally which pointed to a conclusion that the conservative National Party ended with 44 percent of the vote, while the liberal bloc of the Labour Party and the Green Party ended with a combined 43 percent.





Technicals

EURGBP



Having been supported by the short-term MA20, the pair EURGBP has been tracking a steady uptrend. The currency pair is likely to trade higher with signals confirmed by a rising RSI index that has soared to as high as 63.86. Meanwhile, ADX index reversed higher with the +DI and –DI lines moving in opposite directions. A resistance at 0.90300 is within the sight.

Trade suggestion

Buy Digital Call Option from 0.89700 to 0.90300 valid until 20:00 GMT October 11, 2017



NZDUSD



The pair NZDUSD has been trading sideways below a significant level at the 61.8% Fibonacci retracement. The pair retested this handle earlier today but failed to make a breakout and had to reverse lower. Under downward pressure from two moving averages that are lingering above the price action, as well as an overwhelming bearish force in the market, the pair is forecast to extend its downbeat moves to test a support at 0.70150.

Trade suggestion

Buy Digital Put Option from 0.70650 to 0.70150 valid until 20:00 GMT October 11, 2017





EURCHF



With the support from a couple of moving averages that are moving below the price action, the pair EURCHF has liberated from a period of consolidation and has broken above a strong resistance at 1.15200. Both ADX and RSI indices are surging strongly while the +DI and –DI lines are diverging. Further increases are expected for the pair with a resistance at 1.15800 within the sight.

Trade suggestion

Buy Digital Call Option from 1.15400 to 1.15800 valid until 20:00 GMT October 11, 2017





Natural Gas


As can be seen from the chart, natural gas futures prices rebounded from a firm support at 2.8300 and has crossed over the long-term MA50 after having penetrated the short-term MA20 from below. A reversal into an uptrend is expected to help the commodity retest a strong resistance at 2.9600. Both RSI and ADX indices are rising, not to mention a widening gap between the +DI and –DI lines. Further advances are anticipated.

Trade suggestion

Buy Digital Call Option from 2.9200 to 2.9600 valid until 20:00 GMT October 11, 2017





WTI



U.S. crude oil futures prices are tracing an uptrend that sent the price action above a couple of moving averages. The commodity is heading upwards toward a firm handle at the level 52.200. Both the ADX and the RSI indices are pointing upward, which indicates an overwhelming and strengthening bullish forces. Further advances are expected for the prices.

Trade suggestion

Buy Digital Call Option from 51.300 to 52.200 valid until 20:00 GMT October 11, 2017





NASDAQ 100



U.S. Nasdaq 100 Index has been moving sideways after having hit an all-time record high at 6080.00. The stock benchmark index has been supported by a couple of moving averages, especially the short-term MA20. The market has been dominated by buyers, as indicated by the RSI index that is at 56.55. A high at 6080.00 is anticipated to be retested.

Trade suggestion

Buy Digital Call Option from 6060.00 to 6080.00 valid until 20:00 GMT October 11, 2017

****************************************
Shares of BlackRock Edge Higher After Profit and Revenue Top Forecasts

Shares of BlackRock Inc. advanced in premarket trading session on Wednesday after the world’s largest asset manager announced better-than-expected third-quarter results.

BlackRock’s shares jumped 0.75 percent to trade at $469.00 after the investment management company reported net income of $947 million, or $5.78 a share, up from 875 million, or $5.26 a share, in the same period a year ago.

Excluding one-time items, BlackRock said it earned $5.92 per share, which easily beat analysts’ forecast calling for adjusted earnings per share of $5.57. Revenue climbed 14% to $3.23 billion, also crashing expectations for revenue of $3.07 billion.

Besides profit and revenue that beat forecasts, the company reported total assets under management rose 17 percent to nearly $6 trillion with net inflow of $96 billion which topped the expected figure of $71.62 billion.

Trade suggestion

Buy Digital Call Option from 470.00 to 475.00 valid until 20:00 GMT October 11, 2017

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

Euro Jumps to Multi-month Highs Vs Kiwi As Catalonia’s Political Tensions Ease

The euro soared to nearly-30-month highs versus the New Zealand dollar on Wednesday. While the single currency strengthened after strong economic data out of Germany and easing concerns over Catalonia’s political tensions.

The pair EURNZD added 0.11 percent to trade at NZ$1.672 in European trading session on Wednesday. The euro extended its rally to a seventh consecutive trading session and boosted the price to the highest level since May 13th, 2016. The euro’s rally was boosted after Catalan leader Carles Puigdemont on Tuesday backed away from a declaration of independence from Spain. The action helped open the door to negotiations with Madrid and avert an immediate crisis.

Meanwhile, the Kiwi remained weak after a final vote count from a general election held two weeks ago failed to identify a clear winner. New Zealand’s election officials on Saturday released the final 17 percent of the vote tally which pointed to a conclusion that the conservative National Party ended with 44 percent of the vote, while the liberal bloc of the Labour Party and the Green Party ended with a combined 43 percent.

Moreover, small New Zealand First party, which finished with 7 percent of the vote and holds the balance of power, is holding a fourth day of talks aimed at forming the next government. However, the party hasn’t indicated which of the larger parties it favors to form coalitions, leaving the nation’s currency under political uncertainty.

Trade suggestion

Buy Digital Call Option from 1.67200 to 1.68000 valid until 20:00 GMT October 11, 2017

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

USD/CHF

From 0.97400
Till 0.97000

Sell Option Digital
Direction Put
Expiry GMT 21:00 11/10/2017
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  #546 (permalink)  
Old 13-10-2017, 12:03 AM
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Daily Report on October 12, 2017



Tracking U.S. stocks that hit record highs in the previous session, Asian shares advanced on Thursday. The MSCI Asia Pacific Index rose 0.4 percent with Japanese stocks extending gains. While Japan’s benchmark Topix index increased 0.2 percent to touch the highest since July 2007, the Nikkei 225 climbed 0.4 percent, looking set for the highest level since November 1996.

Equities also edged higher in South Korea, Australia and Hong Kong. Indeed, Australia’s S&P/ASX 200 Index soared 0.4 percent, South Korea’s Kospi index surged 0.6 percent, and Hong Kong’s Hang Seng Index gained 0.4 percent. Futures on the S&P 500 Index were little changed after the underlying gauge have risen 0.2 percent on Wednesday to a fresh record high.

The greenback lost ground following the release of the minutes of the Federal Reserve’s September meeting. Fed’s latest meeting’s minutes showed that several policymakers were still cautious about additional tightening, saying that further rate hikes should depend on upcoming inflation data. On Friday, the Commerce Department is due to publish September inflation figures amidst expectations calling for a rise of 0.6% in consumer prices and an increase of 0.2% in the core inflation.

Crude oil futures prices eased on Thursday after data released by the American Petroleum Institute showed U.S. fuel inventories rose more than expected last week. The report pointed to an increase of 3.1 million barrels for the week ended October 06th. Supply data from the Energy Information Administration is scheduled to be published later in the day amidst expectations calling for a fall of 400,000 barrels in crude inventories.



Technicals

AUDJPY



AUDJPY rebounded from a firm support at 87.300 following a period of moving sideways. The pair did not only breach a significant level at the 50.0% Fibonacci retracement but also is facing a dynamic resistance at the long-term MA50. Indicators are supporting for further advances as both the RSI and ADX indices are rising. A resistance at 88.400 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 87.950 to 88.400 valid until 20:00 GMT October 12, 2017



GBPAUD


GBPADU has been trapped between a resistance at 1.69900 and a significant handle at the 50.0% Fibonacci retracement. Besides, the price action has twisted with a couple of moving averages. With the RSI index pointing lower which suggesting a strengthening bearish force, the pair is anticipated to make a breakout and attempt a support at 1.67900.

Trade suggestion

Buy Digital Put Option from 1.69000 to 1.67900 valid until 20:00 GMT October 12, 2017





USDCAD


USDCAD slumped further after a consolidation. The short-term MA20 has penetrated the long-term MA50 from above, confirming the downtrend. While RSI index has plunged to as low as 30.44, ADX index is on a strong rise with a widening gap between the +DI and –DI lines, indicating a strengthening bearish force and suggesting further declines for the pair.

Trade suggestion

Buy Digital Put Option from 1.24300 to 1.23800 valid until 20:00 GMT October 12, 2017





COPPER


Copper futures prices extended their rally following a period of consolidation that came after the market has jumped into the overbought territory. The commodity is expected to trade higher with the market dominated by sellers, as indicated by the RSI index that has soared to as high as 74.94. The ADX index also rebounded with the +DI and –DI lines diverging.

Trade suggestion

Buy Digital Call Option from 3.1050 to 3.1300 valid until 20:00 GMT October 12, 2017





USDJPY


USDJPY has been under downward pressure exerted by a couple of moving averages that are lingering above the price action. Further declines are anticipated for the currency pair as the market has been dominated by sellers, as indicated by RSI index that has tumbled to as low as 42.35. ADX index is edging higher with –Di and +DI lines diverging.

Trade suggestion

Buy Digital Put Option from 112.200 to 111.700 valid until 20:00 GMT October 12, 2017

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

Euro Jumps to Two-week Highs After Fed Meeting Minutes Show Rate-hike Uncertainty

The euro soared to more-than-two-week highs against the U.S. dollar on Thursday after the greenback lost ground following the release of the minutes of the Federal Reserve’s September meeting.

The single currency added 0.1 percent to trade at $1.1871 – the highest level since September 25th. The pair EURUSD extended its upbeat rally to a fifth consecutive trading session. The euro has already been supported after Catalan leader Carles Puigdemont on Tuesday backed away from short of formal declaration of independence from Spain, which helped ease political tension in the region.

The demand for euro was also bolstered amidst expectations that the European Central Bank would announce its plan to wind back its 2.3 trillion euro bond-buying program at its policy meeting due later this month.

Meanwhile, Fed’s latest meeting’s minutes showed that several policymakers were still cautious about additional tightening, saying that further rate hikes should depend on upcoming inflation data.

On Friday, the Commerce Department is due to publish September inflation figures amidst expectations calling for a rise of 0.6% in consumer prices and an increase of 0.2% in the core inflation. Besides data on CPI, the Commerce Department at the same time will publish its figures on retail sales for September. Analysts forecast retail sales increased 1.6% and core sales added 0.3 percent last month.

Trade suggestion

Buy Digital Call Option from 1.18750 to 19.150 valid until 20:00 GMT October 12, 2017
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  #547 (permalink)  
Old 13-10-2017, 11:47 PM
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Daily Report on October 13, 2017



Shrugging off downbeat U.S. equities that closed lower on Thursday, European shares rose to their highest level in nearly four months while Asian stocks also advanced on Friday. Japan’s Nikkei 225 finished the week at the highest since 1996 after adding 1 percent. The broader Topix index gained 0.5 percent while China’s benchmark climbed 0.2 percent. By contrast, South Korea’s Kospi index shed 0.1 percent.

The Stoxx Europe 600 Index ticked 0.3 percent higher, reaching the highest in more than 16 weeks and looking set for its fifth straight week of gains. Germany’s DAX Index gained less than 0.05 percent to linger near its record and the U.K.’s FTSE 100 Index decreased 0.4 percent due to a strengthening British Pound.

Crude oil futures prices rose on Friday, supported after the Energy Information Administration (EIA) late Thursday released its figures that showed U.S. crude inventories dropped 2.7 million barrels to 462.22 million barrels in the week to October 6th. The reading beat market forecast calling for a drop of 1.9 million barrels. Meanwhile, U.S. crude production was reported to decrease by 81,000 barrels per day (bpd) to 9.48 million bpd.

On the demand side, Chinese oil imports, which averaged 8.5 million bpd in the first eight months of this year, reached 9 million bpd in September as the nation increased purchases for its strategic petroleum reserves (SPR).

Generally, China’s import and export growth accelerated in September. While exports only jumped 8.1 percent, which were below forecasts of 8.8 percent, imports surged 18.7 percent in September from a year earlier, easily topping forecasts for a 13.5 percent expansion. That left the country with a trade surplus of $28.47 billion, down from around $42 billion in August and well below $40 billion expected.





Technicals

GBPUSD


GBPUSD was volatile in Thursday’s trading when the price shortly plunged below both a significant level at 23.6% Fibonacci retracement and a couple of moving averages. The price recovered and sent its price action above all of these handles and is heading towards a firm resistance at 1.34000. While the RSI index is pointing higher, ADX index is also on a rise with a widening gap between the +DI and –DI lines.

Trade suggestion

Buy Digital Call Option from 1.33200 to 1.34000 valid until 20:00 GMT October 13, 2017



EURNZD


EURNZD slumped from a resistance at 1.67550 with recent down moves bringing the price action below the short-term MA20. The price is facing both the long-term MA50 and a significant level at 50.0% Fibonacci retracement. A breakout is expected due to the fact that the market has been dominated by sellers, as indicated by RSI index that is on a decrease. ADX index is witnessing its –DI and +DI lines diverging which suggests further down moves.

Trade suggestion

Buy Digital Put Option from 1.65400 to 1.64600 valid until 20:00 GMT October 13, 2017





EURGBP



EURGBP extended its downbeat rally following a period of consolidation that came after the price hit the long-term MA50. Whereas the RSI index is ticking lower, the ADX index rebounded with the –DI and +DI lines moving in opposite direction. Further decreases are anticipated for the pair with a support at 0.88300 within the sight.

Trade suggestion

Buy Digital Put Option from 0.88800 to 0.88300 valid until 20:00 GMT October 13, 2017





WTI


U.S. crude oil rebounded from a support at 50.300. As can be seen from the chart, the commodity has been supported by a couple of moving averages that are lingering below the price action. Both ADX and RSI indices are edging higher which indicates an overwhelming and strengthening bullish force in the market. The price is forecast to test a resistance at 52.200.

Trade suggestion

Buy Digital Call Option from 51.300 to 52.200 valid until 20:00 GMT October 13, 2017





COPPER

Copper rebounded from a period of moving sideways below a firm resistance at 3.1300 that came after the market jumped into the overbought zone. Further advances are expected as ADX is still rising with the +DI and –DI lines diverging. Another strong resistance at 3.1300 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 3.1350 to 3.1600 valid until 20:00 GMT October 13, 2017





Natural Gas


Natural Gas futures prices extended its rally to a fourth consecutive trading day. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strong bullish momentum. While the RSI index looks set to penetrated the overbought zone, the ADX index is heading upwards with a widening distance between the +DI and –DI lines, signaling further upbeat moves.

Trade suggestion

Buy Digital Call Option from 2.9980 to 3.0380 valid until 20:00 GMT October 13, 2017

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

Brent Crude Futures Reverse Losses After U.S. Inventories Decline, Chinese Imports Surge

Brent crude futures prices rose on Friday, boosted after a weekly report showed both U.S. crude production and inventories retreated last week. Meanwhile, China was reported to increase its crude oil imports in September, helping reinforce expectation over a tightening market.

December Brent crude, the global benchmark, jumped more than 1 percent to $56.25 a barrel on ICE Futures Europe after having closed down 69 cents, or 1.2% on Thursday. Oil prices were supported after the Energy Information Administration (EIA) late Thursday released its figures that showed U.S. crude inventories dropped 2.7 million barrels to 462.22 million barrels in the week to October 6th.

The reading beat market forecast calling for a drop of 1.9 million barrels. Meanwhile, U.S. crude production was reported to decrease by 81,000 barrels per day (bpd) to 9.48 million bpd.

On the demand side, Chinese oil imports, which averaged 8.5 million bpd in the first eight months of this year, reached 9 million bpd in September. China, the world’s biggest importer, solidified its position as the nation increased purchases for its strategic petroleum reserves (SPR).

Trade suggestion

Buy Digital Call Option from 57.000 to 57.700 valid until 20:00 GMT October 13, 2017

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

Euro On A Decrease Versus Yen After Draghi Turns Down Germany’s Call for Rate Hike

Euro extended losses versus its Japanese counterpart to a second trading session on Friday after European Central Bank President Mario Draghi poured cold water on German hopes over an era of low or negative rates nearing its end.

The euro lost about 0.2 percent to trade at 132.55 yen in European trading session on Friday, paring a weekly gain. ECB President Mario Draghi on Thursday reiterated that the central bank’s asset buying program would continue until policymakers see a sustained improvement in the outlook for inflation, which has still been below the ECB target of around 2 percent.

In his speech at an event in Washington, where he is due to attend the G20 meeting, Draghi also added that he planned to maintain the current ultra-low rates “well past” the end of its asset purchases in December. Draghi’s comments battled back German calls to exit from years of easy money in the euro zone.

Speaking earlier in Washington, ECB chief economist and policy dove Peter Praet warned that inflation data has not shown any upbeat move, suggesting that monetary policy needed to remain easy.

Trade suggestion

Buy Digital Put Option from 132.550 to 132.200 valid until 20:00 GMT October 13, 2017

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

NZD/USD
From 1.71450
Till 1.71850

Buy Option Digital
Direction Call
Expiry GMT 21:00 13/10/2017
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  #548 (permalink)  
Old 18-10-2017, 12:14 AM
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Euro Falls to One-week Lows As Trump Reportedly Favors A Policy Hawk As Next Fed Chair

The euro extended its downbeat rally to a fourth consecutive trading session on Tuesday after the dollar strengthened following a report showed U.S. President Donald Trump was favoring a policy hawk as the next head of the Federal Reserve.

The single currency dropped more than 0.3 percent in European trading session on Monday after shedding 0.25 percent the previous day, sending the pair down to trade at $1.17600 – the lowest level in one week.

The greenback edged higher after the New York Fed’s business conditions index released on Monday jumped to the highest reading since September 2014. The figure climbed to a three-year high of 30.2 in October from 24.4 in September, easily beating economists’ expectations calling for a reading of 20.

The U.S. dollar continued to tick up following a report that said President Trump was favoring Stanford economist John Taylor to head the Fed. Taylor is seen as a more hawkish policymaker than current Fed Chair Janet Yellen

Trade suggestion

Buy Digital Put Option from 1.17600 to 1.17200 valid until 20:00 GMT October 17, 2017

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

Netflix Adds More Subscribers Than Expected in Q3, Shares Extend Gains

Shares of Netflix Inc. advanced in after-hours trading session on Monday after the streaming giant said it added more subscribers than expected in the third quarter and projected growth to be in line with Wall Street expectations.

Netflix shares added nearly 0.3 percent to trade at $205.30 per share after having closed 1.6 percent higher in regular trading. For the three-month period ended September, Netflix announced that net income soared to $129.6 million, or 29 cents per share, from income of $51.5 million, or 12 cents per share during the same quarter a year ago.

Meanwhile, revenue for the third quarter was reported to reach $2.98 billion, up from $2.29 billion a year ago and above forecasts calling for a rise to a reading of $2.97. Moreover, Netflix said it added 5.3 million subscribers around the world in three months to September, which was well above Wall Street’s forecast of 4.5 million and also up from with the 3.6 million the company added during the same quarter last year.

For the current quarter, Netflix forecast 6.3 million additions, which would send its customer base in all its markets to nearly 115.6 million. The reading is also higher than analysts’ average estimate of 6.25 million.

In its investor letter that accompanies its earnings, Netflix said that it would increase its spending on original content to $7 billion to $8 billion next year in an attempt to plan for life in a post-Disney future. Walt Disney Co. in August announced that it would create its own streaming network and end its current partnership with Netflix by the end of 2019.

Trade suggestion

Buy Digital Buy Option from 205.30 to 210.00 valid until 20:00 GMT October 17, 2017

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

GBP/JPY

From 148.000
Till 147.300

Sell Option Digital
Direction Put
Expiry GMT 21:00 17/10/2017
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  #549 (permalink)  
Old 18-10-2017, 11:24 PM
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Daily Report on October 18, 2017



European shares opened modestly higher on Wednesday after mixed trading in Asian equities earlier. Despite fresh records for U.S. stocks in the previous trading session on Tuesday, the MSCI Asia Pacific Index was little change with Australia’s S&P/ASX 500 Index and South Korea’s Kospi index ending flat. While Japan’s Topix index closed less than 0.1 percent higher and the Shanghai Composite Index was up 0.1 percent, Hong Kong’s Hang Seng Index inched lower.

The Stoxx Europe 600 Index gained 0.1 percent, supported by an increase of 0.2 percent in the U.K.’s FTSE 100 Index. However, Germany’s DAX Index marked the first retreat in a week with a decline of 0.1 percent. Whereas, politic turmoil kept Spanish equities in negative territory. Futures on the S&P 500 Index ticked up less than 0.05 percent to the highest on record.

The U.S. dollar advanced on Wednesday amidst rising speculation over a possible appointment of a hawk as Fed chair as well as progress on U.S. tax reforms. The dollar index rose 0.1 percent to 93.58 after having surged to as high as 93.729 on Tuesday. The greenback was supported after U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump’s hopes of signing tax reform legislation into law before January.

Crude oil futures rose on Wednesday following a report released by the American Petroleum Institute on Tuesday that showed U.S. crude supplies dropped by 7.1 million barrels for the week ended October 13th. Inventories date published by the Energy Information Administration is due to come out later in the day with analysts expecting a drop of 3.9 barrels in crude inventories.



Technicals

CADJPY


CADJPY rebounded from a firm support at 89.000 with its price action surging above a couple of moving averages which confirms the uptrend. Further advances are forecast for the currency pair as the RSI index is heading upwards which shows a strengthening bullish momentum. The ADX index is also witnessing a widening gap between the +DI and –DI lines, supporting the signals for extending up moves.

Trade suggestion

Buy Digital Call Option from 89.900 to 90.300 valid until 20:00 GMT October 18, 2017





USDJPY



The pair USDJPY has been trapped between a support at 38.2% Fibonacci retracement and a resistance at 50.0% level. The pair is also trading sideways which has sent the ADX index to as low as 22.08. However, the price action has penetrated a couple of moving averages from below which RSI index rebounded to jump into the positive territory. Further upbeat moves are anticipated to support the price to reach the 50.0% Fibonacci handle.

Trade suggestion

Buy Digital Call Option from 112.500 to 113.000 valid until 20:00 GMT October 18, 2017





USDCHF


USDCHF bounced back from a significant level at 38.2% Fibonacci retracement with the support from two moving averages that are lingering below the price action. Both RSI and ADX indices are rising, not to mention a widening distance between the +DI and –DI lines, suggesting further increases for the pair. A resistance at 0.98350 is anticipated to be tested.

Trade suggestion

Buy Digital Call Option from 0.97950 to 0.98350 valid until 20:00 GMT October 18, 2017





SILVER


Silver resumed its downbeat moves following a consolidation that came after the price action broke below the long-term MA50. The sellers are dominating in the market, as indicated by the RSI index that has slipped to as low as 37.39. Although ADX index is ticking down slightly, the –DI and +DI lines are diverging. Further declines are expected to send the precious metal’s price to a support at 16.850.

Trade suggestion

Buy Digital Put Option from 16.970 to 16.850 valid until 20:00 GMT October 18, 2017





Natural Gas


Natural gas futures slumped from a significant level at 38.2% Fibonacci retracement and is looking set to complete its double-top pattern as it is testing the neck level at 2.9135. The price action has crossed over the long-term MA50. RSI index is heading downwards, indicating an overwhelming and strengthening bearish force in the market. The commodity is forecast to test a support at 2.8800.

Trade suggestion

Buy Digital Put Option from 2.9100 to 2.8800 valid until 20:00 GMT October 18, 2017





BRENT

Brent crude price has been trading sideways to higher with the support from a couple of moving averages which are hanging below the price action. RSI index is heading higher at as high as 62.17, which shows a strengthening bullish force for the commodity. The price is expected to inch higher in an attempt to test a resistance at 58.850.

Trade suggestion

Buy Digital Call Option from 58.290 to 58.850 valid until 20:00 GMT October 18, 2017

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

Revenue Slips for 22nd Straight Quarter, IBM Shares Advance on Upbeat Q4 Guidance

Shares of International Business Machines Corp. jumped dramatically in the extended session on Tuesday after the technology company released better-than-expected earnings for the third quarter.

IBM shares surged more than 5.5% to trade at $154.72 per share after hours. The Armonk, New York-based company reported net income of $2.73 billion, or $2.92 a share for the three-month period to September, down from $3.2 billion, or $2.98 a share, in the year-ago period. Adjusted for non-recurring items, earnings were reported to reach $3.30 a share.

Revenue also fell compared to the same period last year, slipping for the 22nd straight quarter. However, revenue ticked down slightly to $19.15 billion from $19.23 billion in the year-ago period, which was much better than the $18.6 billion analysts had been expecting.

IBM’s chief financial officer, Martin Schroeter, said the company forecast a stronger than usual seasonal bounce in revenues for the current quarter. Boosted in part by sales of its new mainframe server, fourth-quarter revenue is projected to hit $22 billion to $22.1 billion, which would top analysts’ average estimate of $21.8 billion for sales.

Trade suggestion

Buy Digital Buy Option from 154.80 to 156.00 valid until 20:00 GMT October 18, 2017

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

Benefited from Robust Sales, Abbott Reports Better-than-expected Earnings

Shares of Abbott Laboratories soared more than 1 percent in North American trading session on Wednesday after the pharmaceutical company reported third quarter’s profit and sales that topped analysts’ estimates thanks to robust sales of medical devices and generic drugs.

Abbott shares gained nearly 1.5 percent to trade at $55.88 after the Illinois-based company said it earned $603 million, or 32 cents per share last quarter, compared to a loss of $329 million, or a loss of 24 cents per share, in the year-earlier period.

Revenue was reported to rise from $5.30 billion in the same period last year to $6.83 billion in the three months to September. The reading topped analysts’ forecast calling for sales of $6.73 billion. Abbott forecast full-year adjusted 2017 profit from continuing operations of $2.48-$2.50 per share, compared with previous guidance of $2.43 to $2.53.

Trade suggestion

Buy Digital Buy Option from 55.90 to 57.00 valid until 20:00 GMT October 18, 2017

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

USD/JPY

From 113.000
Till 113.400

Buy Option Digital
Direction Call
Expiry GMT 21:00 18/10/2017
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Old 19-10-2017, 11:38 PM
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Nervousness Ahead of New Government Formation Sends Kiwi To Nearly-five-month Lows

New Zealand dollar tumbled broadly against its major rivals on Thursday as market participants were waiting for the country’s announcement on the new government following an inconclusive election on September 23rd.

The Kiwi plunged by more than 1.2 percent to trade at $0.7065 in Asian trading session, sending the pair NZDUSD to the weakest level since May 30th. The local currency was hit hard after New Zealand First leader Winston Peters on Thursday said he would support the Labour Party to form government for the first time in nine years.

With the backing of the New Zealand First Party and the Green Party, the new government led by Jacinda Ardern will control 63 of the 120 seats in parliament. The Labour party only win 46 seats in the election last month. The Kiwi dropped amidst concerns that policy changes may cause the economy to lose growth momentum.

Trade suggestion

Buy Digital Put Option from 0.70600 to 0.70200 valid until 20:00 GMT October 19, 2017

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

Natural Gas Futures Drop to Two-month Lows After EIA Data Release

Natural gas futures prices plunged strongly to the weakest level in more than two months on Thursday after a weekly report showed U.S. supplies of natural gas rose much more than expected last week.

November natural gas dropped nearly 2.6 percent to trade at $2.78 per million British thermal units in North American trading session, down significantly from $2.861 before the data release. The price tumbled to the lowest level since August 07th.

According to data published by the U.S. Energy Information Administration, U.S. national storage increased by 51 billion cubic feet for the week ended Oct. 13, compared to analysts’ forecast calling for a climb of 50 billion cubic feet. As stated by the report, total stocks now stand at 3.646 trillion cubic feet.

Trade suggestion

Buy Digital Put Option from 2.7800 to 2.7500 valid until 20:00 GMT October 19, 2017

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

EUR/GBP

From 0.89900
Till 0.90300

Buy Option Digital
Direction Call
Expiry GMT 21:00 19/10/2017
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