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20180214 -

Feb, 14th 07:57

DAILY REPORT ON 14TH FEB 2018

Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple, while investors focused on inflation data on Wednesday that could upset the market’s fragile recovery – or clear the way for additional gains.

The Dow Jones Industrial Average (DJI) rose 0.16 percent to end at 24,640.45 points, while the S&P 500 (SPX) gained 6.94 points to close at 2,662.94. The Nasdaq Composite (IXIC) added 0.45 percent to 7,013.51.

Amazon.com rose 2 percent while Apple added 1 percent, both helping the S&P 500 shake off a negative open to the session and climbed 0.26 percent by the close.

Asian share markets turned mixed on Wednesday as investor’s nerves were strained ahead of a U.S. inflation report that could soothe, or inflame, fears of faster rate hikes globally.

Japan’s Nikkei slipped 0.6 percent to test four-month lows. Dealers said there was a lot of focus on the 200-day moving average at 21,031 as a break there would ring bearish alarm bells.

In Australia, the S&P/ASX 200 was 0.33% lower. In China, the Shanghai Composite gained a strong 0.25% and the Hang Seng index edged up 1.63%.

Oil prices were stable on Wednesday, supported by healthy economic growth and expectations that a weaker dollar could spur fuel demand. Despite this, crude prices remain well below recent highs due to signs of lingering oversupply, including rising U.S. inventories and ample physical flows globally. U.S. crude futures eased 1 cent to $59.20 a barrel, while Brent futures gained 10 cents to $62.82.

In commodities, Gold was 0.56 percent up at $1,337.80 an ounce. Silver earned 0.56% to $16.620 an ounce. Copper prices earned by 0.19% to $3.170 a pound. U.S. cotton is 0.24% down at $75.99 while sugar lost 1.75% to $13.45.

Bitcoin is currently trading at 8855.0, 3.17% higher on the Bitfinex exchange, from its previous close.

Ethereum was last trading at $867.87, 4.19% higher on the Bitfinex exchange on Wednesday.  Ripple’s XRP token was 1.93% down on the Poloniex exchange, for the day. Litecoin was trading at $179.90, up by 14.69%.

Technicals:

EURAUD

Fig: EURAUD D1 Technical chart

EURAUD is trading in the positive zone 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 62.13. The MACD is above the signal line, but ready to make a negative crossover below the signal line. The market is expected to trade in the negative territory.

Trade suggestion:

Buy digital Put options between 1.5701, and 1.5676, valid until 23:00 GMT February 2018

GBPCAD

Fig: GBPCAD D1 Technical charts

GBPCAD is trading in the positive zone 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 57.20. The MACD is below the signal line but the positive bias is dominating the market sentiment.

Trade suggestion:

Buy digital Call options between 1.74912, and 1.75091, valid until 23:00 GMT February 2018

USDNOK

Fig: USDNOK D1 Technical charts

USDNOK has made lower lows and lower highs 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 47.35. The MACD is above the signal line. Negative bias is dominating the market.

Trade suggestion:

Buy digital Put options between 7.83778, and 7.79742, valid until 23:00 GMT February 2018

DASH

Fig: DASH D1Technical chart

DASH/USD is trading in the positive zone on the daily chart. The RSI is nicely placed at 45.19.  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 619, and 657, valid until 23:00 GMT February 2018

SUGAR

Fig: SUGAR Technical chart

Sugar is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.38. The MACD is above the signal line. Negative bias is dominating the market.

Trade suggestion:

Buy digital Put options between 13.50, and 13.20, valid until 23:00 GMT February 2018

COPPER

Fig: COPPER GAS D1 Technical charts

Copper is trading in the positive zone on the daily charts. The market is trading above the 9 day, 20 day, 100 day and 200 day moving averages, but below the 50 day EMA. The RSI is at 49.95. The MACD is ready to make a positive crossover.

Trade suggestion:

Buy digital Call options between 3.1695, and 3.1790, valid until 23:00 GMT February 2018

FTSE 100

Fig: FTSE 100 Technical charts

FTSE 100 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 37.03. The MACD is below the signal line, but ready to make a positive crossover above the signal line. The market is expected to trade positive for the day.

Trade suggestion:

Buy digital Call options between 7145, and 7175, valid until 23:00 GMT February 2018