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As the diagram above shows, the asset price does attain a clear breakout beneath its support or floor. Binary options 60 seconds strategy 2014,. A sustained breakout should subsequently be assessed as a strong recommendation to initiate a new trade. Very often, price will bounce against its floor and ceiling numerous times before finally breaking free, as illustrated again on the above figure.

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Bonds The bond market traded on a slightly bearish note today, as news of an expected hike in the CBN’s OMO stop rate fuelled slight sell on some short and mid tenor bonds. Yields were consequently higher by c.7bps on the day, but with slight buying interests still noticeable on some mid and long tenured maturities. We expect yields to maintain a slightly upward trend going forward, in tune with the continued lift in short term rates by the CBN. Our bearish outlook is however expected to be moderated by continued buying interests from real money clients. The CBN sold a total of c.₦186bn OMO bills to mop up inflows from the c.₦372bn OMO maturities. It raised rates by c.25bps on the 98 and 182-day bills and by 50bps on the 364-day bill offered.

The rates consequently cleared at 11.50%, 13.00% and 14.50% respectively. With the recent action by the CBN, yields on the long end of the curve (c.15.70%) are now at levels last seen at the start of the year (Jan 2018), while average yields (c.13.70%) are now at a 7-Month high from April 2018.

End of day Commodity Futures Price Quotes for Crude Oil Brent Select Timeframe: 7 Day 1 Month 3 Months 6 Months 1 Year 18 Months 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10. Recently Crude Oil Trading has become a popular financial investment, allowing retail traders to benefit from the fast paced movements of the commodity or hedge against currency depreciation. In the past, Oil trading was only available to large institutions, central banks, hedge funds and high net worth individuals.

We expect the market to remain bearish tomorrow, due to expected further tightening of system liquidity via a retail SMIS by the CBN. Money Market Following the Net OMO repayment of c.186bn in today’s session, the OBB and OVN rates moderated by c.5pct to 11.50% and 11.90% respectively. System liquidity which opened the day at c.₦4bn negative is consequently estimated to have been bolstered by the net inflows to c.₦180bn as at close of business today. We expect rates to spike above single digits tomorrow, due to expected outflows (c.₦300bn est) for a biweekly Retail SMIS and c.₦88bn outflow for settlement of yesterday’s bond auction sales, with system liquidity consequently estimated to close the week in negative territory. FX Market At the Interbank, the Naira/USD rate remained stable at ₦306.55/$ (spot) and ₦362.52/$ (SMIS). At the I&E FX window a total of $220.32mn was traded in 400 deals, with rates ranging between ₦330.00/$ – ₦365.00/$. The NAFEX closing rate appreciated slightly by c.0.02% to ₦363.95/$ from ₦364.01/$ previously.

At the parallel market, the cash rate reversed gains by 30k to ₦361.00/$, while the transfer rate remained unchanged at ₦364. Binary options trading beginners. 00/$. Eurobonds The NGERIA Sovereigns were slightly bearish in today’s session, with yields creeping higher by c.5bps on average. The most selloff was on the Feb 2030 which lost c.0.45pct on the day. The NGERIA Corps were mostly flat, with better sellers seen on the DIAMBK 19s and FIDBAN 22s.

Disclaimer: Whilst proper and reasonable care has been taken in the preparation and accuracy of the facts and figures presented in this report, no responsibility or liability is accepted by Zedcrest Capital or its employees for any error, omission or opinion expressed herein. This report is not an investment research or a research recommendation and should not be regarded as such. The information provided herein is by no means intended to provide a sufficient basis on which to make an investment decision.