April 16th: Trading tips and market analysis

Aprilnews1

Daily Market Review

Welcome to OptionClick’s daily market review. In this section we will cover various assets and provide you with information regarding their current status and the upcoming events that may influence them. Be sure to keep up with the news to make the most of your ventures!

The FTSE had a slightly positive session during the day on Wednesday, raking above the 7100 level at one point. We believe that the market will continue to go much higher if we can stay above that level for any significant amount of time, and as a result we would be buyers of calls. The market should continue to go towards the 7250 level, but we also believe that any pullback in the FTSE at this moment in time should be a call buying opportunity as well, as soon as signs of support return. There are plenty of buyers below, so would be only a matter of time before the market started to go higher yet again.

The S&P 500 is pressing up against a downtrend line, and if we can get above the 2010 level we believe that this market will continue to go much higher, much as the FTSE should. With this, it does appear that stock markets in general look fairly positive, and we are looking for call buying opportunities based upon breakouts and pullbacks and show signs of support in this market.

The GBP/USD pair rose towards the 1.48 level during the session on Wednesday, but we see a significant amount of resistance between 1.48 level and the 1.50 handle. Because of this, it’s only a matter time before the sellers come back in and push the value of the British pound lower. We are buyers of puts on signs of weakness and will continue to press our bearish positions at that point.

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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OIL AND DOLLAR TO PULL WALL-STREET DOWN?

Aprilnews4

Daily Market Review

Welcome to OptionClick’s daily market review. In this section we will cover various assets and provide you with information regarding their current status and the upcoming events that may influence them. Be sure to keep up with the news to make the most of your ventures!

EUR/USD

The EUR/USD declined as the dollar strengthened against the euro, bringing the pair down to 1.0535. The diverging policies between the European Central Bank (ECB) and the Federal Reserve continue to pull the pair down. While the Federal Reserve is hinting at a tightening of monetary policy, the ECB is only one month into its quantitative easing program. The ECB will hold a policy meeting on Wednesday in which Mario Draghi, the president of the bank will likely reiterate his commitment to continue its efforts to avoid a state of deflation through its bond-buying programs. Friday’s consumer price index (CPI), which offers a measure of inflation, will be in focus this week as well, highlighting the ECB’s efforts.

Crude Oil

Crude oil gained 52 cents (1%) and is currently trading at $52.43. The understanding that the deal with Iran will not lead to any immediate changes continued to support prices on Monday. Additionally, a new government report indicated that oil output from the most productive U.S. shale formation will likely decline this month for the first time in over four years, further supporting prices. In recent years, this formation of oil producers was responsible for 95% of U.S. domestic oil production.

S&P 500

The Standard and Poor’s 500 Index declined 9.63 points (0.46%) to close Monday’s trading session at 2,092.43. U.S. stocks dipped as fears that first-quarter earnings will disappoint due to the strong dollar and low oil prices. Corporate earnings reports will begin this week, with estimates pointing towards a 2.9% decline when compared to last year.

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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KING FOR A DAY? THE DOLLAR TRADING IN HIGHS

Aprilnews2

Daily Market Review

Welcome to OptionClick’s daily market review. In this section we will cover various assets and provide you with information regarding their current status and the upcoming events that may influence them. Be sure to keep up with the news to make the most of your ventures!

EUR/USD

The dollar surged against the euro, bringing the pair down in the biggest decline seen in the last three weeks. The dollar strengthened for its fifth straight session on Friday, marking a 3-1/2 week low as low European interest rates drive investors away from the euro and towards the dollar. The European Central Bank’s April 15 meeting may deliver further declines in the EUR/USD, should the focus remain on easing measures. In the meantime, the Federal Reserve made positive statements regarding an interest rate hike, causing the dollar to rally against its major counterparts. However, many analysts remain skeptic, and cite the recent weak financial data, including consumer inflation and employment. Traders are looking forward to Tuesdays’ retail sales data for March where a rebound is expected.

Crude Oil

Currently trading at $51.83, crude oil steadied above $50 as a new report estimates that Iran’s reentry into the oil market would impact the market in more than three years rather than immediately. In the meantime, the number of active U.S. rigs has dropped to 760 last week, marking a 52% decline over 18 weeks. Additionally, U.S. crude inventories have expanded at their fastest rate since August 1982, likely prompting the decline in active rigs.

S&P 500

The Standard and Poor’s 500 Index gained 10.88 points (0.52%) to trade at 2,102.06 on Friday’s trading session. The gains were fueled by energy-related companies seeing growth as a result of the increases in oil pricing. However, companies are expected to deliver earning reports detailing a decline in profits for the first time in years, pointing towards possible upcoming declines.

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

GD Star Rating
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