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20180213 -

Feb, 13th 07:54

DAILY REPORT on 13th FEB 2018

Wall Street rebounded on Monday with broad-based gains as investors regained some confidence after U.S. equities’ biggest weekly drop in two years, but strategists stopped short of calling an end to the market pullback.

The announcement of President Donald Trump’s budget, including an infrastructure spending plan, helped sectors such as S&P materials and industrials.

“Investors probably were mulling things over the weekend and concluded that the economy is fairly strong, earnings are holding up, so there’s no particular reason to panic or sell. So some money probably came back into the market,” said John Carey, portfolio manager at Amundi Pioneer Asset Management in Boston.

The Dow Jones Industrial Average rose 410.37 points, or 1.7 percent, to 24,601.27, the S&P 500 gained 36.45 points, or 1.39 percent, to 2,656 and the Nasdaq Composite added 107.47 points, or 1.56 percent, to 6,981.96.

Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street’s extended rebound from last week’s steep fall, but investors remained cautious ahead of U.S. inflation data later in the week.

The Nikkei 225 rose 0.22% at the break following a long weekend. In Japan, producer prices showed a 0.3% gain on month, beating the 0.2% rise seen and a 2.7% rise on a year as expected. Toyota slipped 0.63%.

In Australia, the S&P/ASX 200 rose 0.54% after National Australia Bank said business conditions jumped six points to 19 points for the month of January. In China, the Shanghai Composite gained a strong 1.80% and the Hang Seng index edged up 2.18%. HSBC gained 0.5% and China Construction Bank rose 2.2%.

Oil prices continued to recover on Tuesday, supported by expectations of higher global demand and higher imports from China.

Crude Oil WTI Futures for March delivery were trading up 0.49% at $59.58. Brent Oil futures for April delivery were trading up 0.58% to $62.94 on London’s Intercontinental Exchange.

In commodities, Gold was 0.17 percent up at $1,328.50 an ounce and off a five-week low of $1,306.81. Silver lost 0.03% to $16.565 an ounce. Copper prices earned by 0.58% to $3.105 a pound. U.S. cotton is 0.05% up at $76.41 while sugar gained 0.07% to $13.69.

Bitcoin is currently trading at 8593.9, 1.82% higher on the Bitfinex exchange, from its previous close.

Ethereum was last trading at $838.00, 0.64% lower on the Bitfinex exchange on Tuesday.  Ripple’s XRP token was 0.64% down on the Poloniex exchange, for the day. Litecoin was trading at $157.88, up by 2.14%

Technicals:

EURSEK

Fig: EURSEK D1 Technical chart

EURSEK is trading sideways 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 59.49. The MACD is above the signal line. The market is expected to trade in the positive territory.

Trade suggestion:

Buy digital Call options between 9.92733, and 9.93569, valid until 23:00 GMT February 2018

GBPJPY

Fig: GBPJPY D1 Technical charts

GBPJPY is trading in the negative zone, near the lower band of the Bollinger bands on the daily charts. The market is trading above the 200 day moving averages, but below the 9 day, 20 day, 50 day and the 100 day EMA. The RSI is at 38.02. The MACD is below the signal line and the negative bias is dominating the market sentiment.

Trade suggestion:

Buy digital Put options between 149.805, and 149.445, valid until 23:00 GMT February 2018

USDJPY

Fig: USDJPY D1 Technical charts

USDJPY is trading in the red zone on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 34.82. The MACD is ready to make a negative crossover below the signal line. Negative bias is dominating the market.

Trade suggestion:

Buy digital Put options between 108.233, and 108.091, valid until 23:00 GMT February 2018

RIPPLE

Fig: RIPPLE CASH D1Technical chart

XRP/USD is trading sideways on the daily chart. The RSI is nicely placed at 45.49.  The MACD has made a positive crossover above the signal line. The market is trading below all the moving averages (20 day, 50 day, 100 day and 200 day). The market is expected to trade in the positive territory.

Trade suggestion:

Buy digital Call options between 1.0606, and 1.1093, valid until 23:00 GMT February 2018

SILVER

Fig: SILVER Technical chart

Silver is trading in the positive zone on the daily charts. The market is trading below the 20 day, 50 day, 100 day and the 200 day moving averages, but above the 9 day EMA. The RSI is at 45.91. The MACD is ready to make a positive crossover above the signal line. Positive bias is dominating the market.

Trade suggestion:

Buy digital Call options between 16.550, and 16.698, valid until 23:00 GMT February 2018

COFFEE

Fig: COFFEE GAS D1 Technical charts

Coffee is trading in the negative zone 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 45.57. The MACD is below the signal line.

Trade suggestion:

Buy digital Put options between 121.355, and 120.75, valid until 23:00 GMT February 2018

CAC 40

Fig: CAC 40 Technical charts

CAC 40 is trading in the positive zone 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 36.91. The MACD is below the signal line. The market is expected to trade in the negative zone for the day.

Trade suggestion:

Buy digital put options between 5133, and 5109, valid until 23:00 GMT February 2018