• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

20180208 -

Feb, 08th 09:57

 

DAILY REPORT ON FEBRUARY 08th, 2018

Wall Street closed lower in an up-and-down session on Wednesday, dragged down by tech and energy shares, as investors adjusted to a more volatile market following wild swings of the past few sessions.

The Dow Jones Industrial Average (DJI) fell 19.7 points, or 0.08 percent, to 24,893.07, the S&P 500 (SPX) lost 13.51 points, or 0.50 percent, to 2,681.63 and the Nasdaq Composite (IXIC) dropped 63.90 points, or 0.9 percent, to 7,051.98.

“Obviously there’s a lot of concerned and nervous people. You might have had day traders trying to get out at the end of the day. Who knows what tomorrow brings,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.

European markets closed sharply higher on Wednesday with shares in London leading the region. The FTSE 100 is up 1.93% while France’s CAC 40 is up 1.82% and Germany’s DAX is up 1.60%.

Asian shares trading mixed on Thursday as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies for many years may be endangered by the threat of rising inflation.

Japan’s Nikkei edged higher by 230.63 points, 1.07%, to trade at 21,876.50  on Thursday as buyers looked for bargains on shares which were beaten down heavily early in the week, but gains were cautious as investors feared further wild volatility in global markets.

China’s stock index (Shanghai composite) decayed by 1.56% and South Korea’s KOSPI index earned more than 1 percent. Hong Kong’s Hang Seng rose 0.54%. Australia’s S&P/ASX 200 gained 0.24 percent.

Gold price slipped to 1313.50, by 0.08% as the dollar continued to advance amid a sharp uptick in Treasury yields. China reported trade balance data with a $20.34 billion surplus, compared to a $54.10 billion surplus seen for January, data released on Thursday showed. Silver earned 0.01% to $16.240 an ounce. Copper prices rose by 0.26% to $3.104 a pound. U.S. cotton is 0.08% higher at $76.12 while sugar gained 1.16% to $13.98.

In the energy market, U.S. crude fell 0.55 percent, to settle at $61.45 per barrel and Brent dropped 0.32 percent to $65.28. U.S. data showed an unexpected build in refined products, fanning fears of oversupply headed into the slow-demand season.

Bitcoin has made some recovery from the lower levels, currently trading at 8179.5, 9.61% higher on the Bitfinex exchange, from its previous close.

Ethereum was last trading at $821.88, up 8.98% on the Bitfinex exchange on Thursday.  Ripple’s XRP token was 4.14% higher on the Poloniex exchange, for the day. Litecoin was trading at $146.19, up by 4.43%.

Technicals:

EURNOK

Fig: EURNOK D1 Technical chart

EURNOK is trading in the positive zone, near the upper band of the Bollinger bands on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 57.62. The MACD has made a positive crossover above the signal line. The market is expected to trade in the positive territory.

Trade suggestion:

Buy digital Call options between 9.70331, and 9.71182, valid until 23:00 GMT February 8th 2018

GBPJPY

Fig: GBPJPY D1 Technical charts

GBPJPY is trading in the positive zone, and is testing the 50 day EMA on the daily charts. The market is trading above the 100 day and the 200 day moving averages, but below the 9 day, 20 day and the 50 day EMA. The RSI is at 46.77. The MACD has made a negative crossover below the signal line, but the positive bias is dominating the market sentiments.

Trade suggestion:

Buy digital Call options between 152.430, and 152.700, valid until 23:00 GMT February 8th 2018

EURGBP

Fig: EURGBP D1 Technical charts

EURGBP is trading below the 200 day EMA forming has made lower lows and lower highs on the daily chart. Currently, the price action is trading above the 9 day, 20 day and 50 day moving averages. The RSI is at 50.8. The MACD has made a positive crossover above the signal line the signal line. The market is trading in the red zone and some more correction is expected for the day.

Trade suggestion:

Buy digital Put options between 0.88204, and 0.88123, valid until 23:00 GMT February 8th 2018

RIPPLE

 

Fig: RIPPLE D1Technical chart

XRP/USD has made some recovery and bounce back after testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 34.6 The MACD is below the signal line, but expected to make a positive crossover above the signal line. The market is trading below the moving averages 9 day, 20 day, 50 day and 100 day, but closed above the 200 day moving average. The market is expected to trade positive for the day.

Trade suggestion:

Buy digital Call options between 0.73080, and 0.89984, valid until 23:00 GMT February 8th 2018

COFFEE

Fig: COFFEE Technical chart

Coffee is trading sideways on the daily charts. The market is trading between the moving averages, above the 9 day and the 20 day,but below  the 50 day, 100 day and the 200 day. The RSI is at 51.03. The MACD is ready to make a positive crossover above the signal line.

Trade suggestion:

Buy digital Call optionss between 123.30, and 124.10, valid until 23:00 GMT February 8th 2018

NATURAL GAS

Fig: NATURAL GAS D1 Technical charts

Natural Gas continues to make lower lows and lower highs on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 36.39. The MACD is below the signal line. The market is sinking to test the lower band of the Bollinger bands.

Trade suggestion:

Buy digital Put options between 2.680, and 2.630, valid until 23:00 GMT February 8th 2018

CAC40

Fig: CAC40 Technical charts

CAC40 has bounced back to make some recovery and to trade above the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 35.8. The MACD has made a negative crossover below the signal line. The market is expected to trade positive for the day.

Trade suggestion:

Buy digital Call options between 5226.5, and 5264.7, valid until 23:00 GMT February 8th 2018