• +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

20180315 -

Mar, 15th 07:38

DAILY REPORT ON MARCH 15, 2018

The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade.

Boeing’s 4 percent fall contributed to about 100 points drop in the blue-chip index, with traders citing continuing fallout from Tuesday’s reports that U.S. President Donald Trump could impose tariffs on up to $60 billion of Chinese imports.

“Governments in general are in a wait-and-see mode to find out what is going to be the outcome of the negotiations,” said Paul Springmeyer, investment managing director at U.S. Bank Private Wealth Management.

The Dow Jones Industrial Average (DJI) was down 257.31 points, or 1.03 percent, at 24,749.72. The S&P 500 (SPX) fell 0.46 percent to 2,752.71 and the Nasdaq Composite (IXIC) dropped 0.32 percent to 7,487.06.

The dollar index lost 0.05 percent to 89.655. It was on track to fall about 0.5 percent this week, dogged by trade tensions and perceived political turmoil in Washington.

Asian stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy.

The Asian markets took their cues from Wall Street shares, which fell for the third straight session overnight after U.S. President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war.

Hong Kong’s Hang Seng dropped 0.75 percent, Australian stocks fell 0.4 percent and South Korea’s KOSPI lost 0.45 percent. Japan’s Nikkei was down 0.85 percent but still up roughly 0.6 percent on the week.

U.S. crude futures extended gains to rise 0.1 percent to $61.04 per barrel. Brent added 0.05 percent to $64.92 per barrel.

Crude was lifted the previous day after data showed a bigger-than-expected fall in U.S. refined product inventories with gasoline demand rising to a seven-month high.

Gold earned 0.05% at $1,326.20 an ounce. Silver gained 0.08% to $16.550 an ounce. Copper prices were 0.06% lower to $3.147 a pound. U.S. cotton is at $83.72, 0.46% higher.

Bitcoin is currently trading at 7,754, 15.45% lower on the Bitfinex exchange, from its previous close.

Ethereum was last trading at $581.21, 16.10% lower on the Bitfinex exchange on Thursday.  Ripple’s XRP token was 18.20% down on the Poloniex exchange, for the day. Litecoin was trading at $152.60, high by 12.80%.

Technicals:

USDCHF

Fig: USDCHF D1 Technical chart

USDCHF is trading sideways on the daily charts. The market is trading above the 9 day and the 20 day moving averages, but below the 50 day, 100 day and the 200 day. The RSI is at 53.14. The MACD is above the signal line. The market is expected to trade in the positive territory.

Trade suggestion:

Buy digital Call options between 0.94569, and 0.94727, valid until 23:00 GMT March 15, 2018

EUDJPY

Fig: EUDJPY D1 Technical charts

EUDJPY 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 43.29. The MACD is above the signal line. The negative bias is dominating the market.

Trade suggestion:

Buy digital Put options between 131.150, and 130.980, valid until 23:00 GMT March 15, 2018

GBPUSD

Fig: GBPUSD D1 Technical charts

GBPUSD is trading sideways on the daily chart. Currently, the price action is trading above all moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 55.57. The MACD is above the signal line. Positive bias is dominating the market.

Trade suggestion:

Buy digital Call options between 1.39765, and 1.39960, valid until 23:00 GMT March 15, 2018

LITECOIN

Fig: LITECOIN D1Technical chart

LTC/USD is trading in the negative zone testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 38.75. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is below the signal line. The market is expected to trade in the negative territory.

Trade suggestion:

Buy digital Put options between 147.00, and 145.00, valid until 23:00 GMT March 15, 2018

NATURAL GAS

Fig: NATURAL GAS D1 Technical chart

Natural Gas is trading in the negative zone on the daily charts. The market is trading below all the moving average (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 49.04. The MACD is above the signal line. Negative bias is dominating the market.

Trade suggestion:

Buy digital Put options between 2.725, and 2.680, valid until 23:00 GMT March 15, 2018

SILVER

Fig: SILVER D1 Technical charts

Silver is trading sideways 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 48.87. The MACD is above the signal line. The market is expected to trade in the negative zone for the day.

Trade suggestion:

Buy digital Put options between 16.458, and 16.400, valid until 23:00 GMT March 15, 2018

HANG SEND

Fig: HANG SENG Technical charts

HANG SENG is trading in the positive zone on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 58.14. The MACD is above the signal line. The market is expected to trade in the positive zone for the day.

Trade suggestion:

Buy digital Call options between 31540 and 31780, valid until 23:00 GMT March 15, 2018