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  #551 (permalink)  
Old 21-10-2017, 12:39 AM
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Daily Report on October 20, 2017



Global share markets edged higher on Friday with the Stoxx Europe 600 index reversing from a loss in the previous session. Particularly, the stock benchmark index added 0.2 percent as supported by gains in financial and industrial shares. The Stoxx Europe 600 index dropped as much as 0.6 percent on Thursday and was on track to shed 0.5% for the week, which would be the first weekly declines in the last six week.

Germany’s DAX 30 index picked up 0.2 percent and France’s CAC 40 inched 0.16 percent higher while, the FTSE 100 gained 0.25 percent in London. In Asian trading session, Japan’s Topix index closed roughly higher at the highest since July 2007. The index advanced for a sixth consecutive week. The Nikkei 225 Stock Average also ended at the highest since October 1996. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index rose 0.2 percent and 0.7 percent, respectively.

U.S. stock futures also traded higher. Dow Jones Industrial Average futures jumped 0.39% to surpass the level 23,200. Meanwhile, S&P 500 futures gained 0.21% to 2,565.75. Nasdaq futures advanced 0.2% to 6,107. For the week, all three benchmarks were all set for weekly gains.

The U.S. dollar soared strongly to hit the highest level in roughly three months versus its Japanese counterpart and also strengthened against other major rivals on Friday amidst speculation over the tax reforms. The U.S. dollar index, which measures the strength of the buck against six other currencies, climbed 0.3% to 93.526. Dollar’s upbeat moves were fueled after Senate Republicans reportedly passed a budget blueprint for the next fiscal year, which helps clear a critical hurdle in the GOP push to overhaul the tax code.



Technicals

CADJPY


CADJPY rebounded from as low as 90.000 and is retesting a three-week high at 90.713 after having broken above a significant resistance at 50.0% Fibonacci retracement. Further advances are forecast for the pair given a strengthening bullish momentum in the market. Both ADX and RSI index are rising, not to mention a widening gap between +DI and –DI lines. A resistance at 91.150 is expected to be tested.

Trade suggestion

Buy Digital Call Option from 90.750 to 91.150 valid until 20:00 GMT October 20, 2017





EURUSD



The currency pair EURUSD retreated after having hit a strong resistance at 1.18550. The price action has crossed over the long-term MA50 and is facing another dynamic support at the short-term MA20. A breakout is anticipated as the RSI index which has slipped into the negative territory signals a strengthening bearish momentum. The pair is forecast to inch lower in an attempt to test a support at 1.17500.

Trade suggestion

Buy Digital Put Option from 1.17950 to 1.17500 valid until 20:00 GMT October 20, 2017





NZDUSD



NZDUSD plunged from as high as 0.71500 and tumbled noticeably to as low as 0.69750 after having penetrated a significant level at 61.8% Fibonacci retracement. The pair consolidated at around 0.70400 but failed to gain bullish momentum by profit-taking. Further declines are expected for the currency pair as sellers are getting stronger in the market, as indicated by ADX index which continues to surge. A support at 0.69350 is expected to be tested.

Trade suggestion

Buy Digital Put Option from 0.69750 to 0.69350 valid until 20:00 GMT October 20, 2017





AUDJPY

Supported by a couple of moving averages that are lingering below the price action, the pair AUDJPY reversed higher from as low as 88.400. The pair retested a nearly-four-week high at 88.895 and looks set to trade higher in an attempt to test a resistance at 89.300. Whereas the RSI index is heading upward, ADX index is also a rise with the +DI and –DI lines diverging.

Trade suggestion

Buy Digital Call Option from 88.900 to 89.300 valid until 20:00 GMT October 20, 2017





BRENT



After a period supported by the long-term MA50, U.K. Brent crude price futures prices broke out of this dynamic support and tumbled. Current down moves sent the commodity into the bearish market, as indicated by the RSI index that has slipped to as low as 38.19 and continues to head lower. Further declines are expected for the commodity with a support at 56.200 within the sight.

Trade suggestion

Buy Digital Put Option from 56.900 to 56.200 valid until 20:00 GMT October 20, 2017





GOLD


Gold reversed lower after the precious metal failed to break out a couple of dynamic resistance at the short-term MA20 and the long-term MA50. The metal is facing a strong support at the 61.8% Fibonacci retracement that has prevented the price from edging lower since October 09th. A breakout is anticipated with the RSI index pointing downward while the ADX index on a rise with a widening gap between the –DI and +DI lines.

Trade suggestion

Buy Digital Put Option from 1279.00 to 1273.00 valid until 20:00 GMT October 20, 2017

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

Boosted By Sharp Jump in Mobile Payments, PayPal Shares Advance Amidst Rosy Outlook

Shares of PayPal Holdings Inc. took up by more than 4 percent in the extended session on Thursday after the mobile-payments company reported a better-than-expected third-quarter profit and upgraded its guidance for earnings through the rest of the year.

PayPal’s shares soared 4.03 percent to trade at $69.96 after the San Jose, California-based payments company said it earned $380 million of net income, or 31 cents a share in the third quarter, up from $323 million, or 27 cents a share, in the year-ago period.

For the three-month ended September, the PayPal reported adjusted earnings of $560 million, or 46 cents a share. The reading marked a rise of 32 percent compared to the same period last year and also beat analysts’ expectations calling for earnings of 39 cents a share on revenue of $3.565 billion.

Thanks to sharp growth in mobile payments whose volumes surged 54 percent during the last quarter compared with the year-ago period, to about $40 billion, PayPal witnessed its revenue jump 21.4 percent to $3.24 billion from $2.67 billion recorded in the same quarter last year.

PayPal also raised its guidance for the fiscal year 2017’s adjusted earnings to a range of $1.86 to $1.88 per share from $1.80 per share to $1.84 per share. Meanwhile, earnings are forecast to reach a range of 50 cents to 52 cents per share during the fourth quarter, which is in line with analysts’ estimate of earnings of 51 cents. Revenue is expected to come in between $12.92 billion and $12.98 billion.

Trade suggestion

Buy Digital Call Option from 70.00 to 71.50 valid until 20:00 GMT October 20, 2017

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

AUD/NZD

From 1.12400
Till 1.12800

Buy Option Digital
Direction Call
Expiry GMT 21:00 20/10/2017
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  #552 (permalink)  
Old 24-10-2017, 12:59 AM
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Daily Report on October 23, 2017



Global shares and the U.S. dollar advanced on Monday with the odds of U.S. tax overhaul remaining in focus. Japanese shares extended their rally in the face of a softening Yen that came after Shinzo Abe’s election victory over the weekend. Indeed, Japan’s Topix index jumped 0.8 percent to hit the highest level since mid-2007 while the Nikkei climbed to reach the highest since 1996 as the Yen slumped to its weakest in almost 15 weeks.

MSCI’s Asia Pacific Index added only 0.1 percent as strong gains in Japanese equities were offset by losses in markets in Hong Kong and Australia. Particularly, Hong Kong’s Hang Seng shed 0.6 percent while Australia’s S&P/ASX 200 dropped 0.2 percent. South Korea’s Kospi index was little changed. European shares jumped higher with the Stoxx Europe 600 Index adding 0.3 percent.

Other stock benchmark index in the region also traded in positive territory. The U.K.’s FTSE 100 Index rose 0.1 percent and Germany’s DAX Index ticked 0.2 percent higher. European stocks received support from the common currency’s slip. The euro dropped versus its major rivals amid concerns over Catalonia as the region's leaders refused to back off from their demand for independence from Spain.

Gold decreased 0.5 percent to $1,274.18 an ounce, the weakest in almost two weeks. The yellow metal lost ground as the U.S. dollar was boosted by optimisms over the progress on tax reform following Republican-controlled Senate’s passage of a budget blueprint. Furthermore, expectations that the Federal Reserve will raise rate in its December meeting and tighten the economy steadily next year make non-yielding metals like gold less attractive.



Technicals

EURGBP



EURGBP slumped from as high as 0.90200 – a firm resistance that has forced the pair to reverse lower since September 12th. The price action has penetrated a couple of moving averages, which confirms the downtrend. While the RSI index is heading downwards, the ADX index is pointing toward the overbought zone, indicating a strengthening bearish momentum and suggesting further declines for the pair.

Trade suggestion

Buy Digital Put Option from 0.89000 to 0.88600 valid until 20:00 GMT October 23, 2017



AUDUSD


The Australian dollar continued to trade lower versus its American counterpart, sending the pair AUDUSD lower for the second consecutive trading day. As can be seen from the chart, the short-term MA20 has converged with the long-term MA50 from above, suggesting a strengthening bearish force in the market. RSI index that is on a decline signals further downbeat moves for the pair.

Trade suggestion

Buy Digital Put Option from 0.78000 to 0.77500 valid until 20:00 GMT October 23, 2017





USDCAD



USDCAD has broken out of a sideways trading range that blocked the pair between a support at 1.24500 and a resistance at 1.25900. The currency pair crossed over the upper boundary from below and sent the market into the overbought zone, as indicated by the RSI index that has soared to as high as 73.38. Further advances are anticipated with the resistance at 1.27000 within the sight.

Trade suggestion

Buy Digital Call Option from 1.26500 to 1.27000 valid until 20:00 GMT October 23, 2017





GBPAUD



GBPAUD is facing a significant level at the 50.0% Fibonacci retracement after its price action liberated from a constraint from the long-term MA50. The pair is moving sideways below the 50.0% level but looks set to break out of this handle to test another strong resistance at 1.69900 with the RSI index is rising which indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Digital Call Option from 1.69100 to 1.69900 valid until 20:00 GMT October 23, 2017





SILVER


Silver has been tracking a downtrend under downward pressure exerted by a couple of moving averages that are hanging above the price action. The metal gapped down at the open on Monday but failed to cover the gap and continued to edge lower towards a significant level at 38.2% Fibonacci retracement. Whereas RSI index is on a decline, ADX index is heading upwards, suggesting upcoming down moves for the commodity.

Trade suggestion

Buy Digital Put Option from 16.880 to 16.740 valid until 20:00 GMT October 23, 2017





CADJPY


CADJPY tumbled after having gapped down in early trade on Monday. The pair once again fell below a support at 90.000 and also crossed over a couple of moving averages from above, showing a resurging bearish force in the market. A support at 89.400 is anticipated to be tested.

Trade suggestion

Buy Digital Put Option from 89.800 to 89.400 valid until 20:00 GMT October 23, 2017

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

Dollar Advances on Tax Reform and Rate Hike Expectations, Gold Extends Losses to Two-week Lows

Gold futures prices extended their downbeat moves on Monday after having suffered the biggest weekly loss in a month last week. The precious metal continued to be under pressure from a strengthening dollar while stocks market on a rally.

Gold for November delivery shed 0.38 percent to trade at $1,273.70 an ounce – the weakest level in more than two weeks. The precious metal closed at $1,280.50 last Friday, marking a roughly 1.9% weekly drop which was the worst weekly performance since September 22nd.

The yellow metal lost ground as the U.S. dollar was boosted by optimisms over the progress on tax reform following Republican-controlled Senate’s passage of a budget blueprint. Furthermore, expectations that the Federal Reserve will raise rate in its December meeting and tighten the economy steadily next year make non-yielding metals like gold less attractive.

Trade suggestion

Buy Digital Put Option from 1273.50 to 1268.00 valid until 20:00 GMT October 23, 2017

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

GBP/CAD

From 1.66900
Till 1.67500

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/10/2017

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

GBP/AUD

From 1.69300
Till 1.69900

Buy Option Digital
Direction Call
Expiry GMT 21:00 23/10/2017
__________________
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  #553 (permalink)  
Old 25-10-2017, 12:34 AM
Option_Banque Option_Banque is offline
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Bolstered by Better-than-expected Earnings, 3M Shares Jump Nearly

Shares of 3M Co. rallied nearly 3 percent in premarket trade on Tuesday after the multinational conglomerate corporation reported profit and revenue for the third quarter that beat expectations.

3M’s shares jumped 2.91 percent to trade at $228.00, boosted by better-than-expected third-quarter earnings reports. Indeed, the industrial, safety and consumer products company said it earned $1.43 billion, or $2.33 a share in the three-month period to September, up from $1.33 billion, or $2.15 a share, in the same period a year ago.

Adjusted for non-incurring items, earnings per share came in at $2.21.

Meanwhile, revenue was reported to reach $8.17 billion, increasing for a reading of $7.71 billion recorded in the same quarter last year and easily topping market forecast calling or revenue of $7.92 billion. The Minnesota-based company raised its net EPS guidance to a range of $9.00 to $9.10 from $8.80 to $9.05.

Trade suggestion

Buy Digital Call Option from 228.00 to 230.00 valid until 20:00 GMT October 24, 2017

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

U.S. Same-store Sales Advance in Q3, McDonald Shares Edge Higher in Pre-market Trade

Shares of McDonald’s Corp. rose in pre-market trading session on Tuesday after the world’s biggest fast-food chain published earnings for the third quarter that showed a bigger-than-expected increase in quarterly U.S. comparable sales.

McDonald’s shares gained 1.24 percent to trade at $165.36 after the fast food restaurant chain reported sales at U.S. restaurants that has opened at least 13 months jumped 4.1 percent. The rate was above the 3.4 percent growth expected by analysts.

The advance came as a result of attempts of McDonald to reverse a decline in traffic at its U.S. restaurants with offers such as soft drinks of all sizes for $1 and McPick 2 for $5 promotion.

Meanwhile, global comparable sales also rose, jumping 6 percent, above the 4.5 percent increase forecast by analysts. McDonald reported net income of $1.88 billion, or $2.32 per share, in the third quarter ended September 30th, up from $1.28 billion, or $1.50 per share, a year earlier.

Trade suggestion

Buy Digital Call Option from 165.50 to 168.00 valid until 20:00 GMT October 24, 2017

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

GBP/USD

From 1.31500
Till 1.31000

Option Digital
Direction Put
Expiry GMT 21:00 24/10/2017
__________________
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.

Up for the profit? So what are you waiting for? Get in touch with us today and let's get you on your way to profit.
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