Daily market review for 01.02.2017

EUR/USD trades negatively, pair stay at the level 1.07. GBP/USD trades positively and stay at the level 1.25. AUD/USD trades negatively and stay at the level 0.75. Currency pair USD/JPY stay at the level 113 and trades positively. Pair USD/CHF stay at the level 0.99 and trades positively. Gold trades negatively and increased to the level 1207.

Market news

For Europe, pay attention to German Manufacturing PMI (Jan) at 8:55 and to Manufacturing PMI (Jan) at 9:00 GMT. For US, pay attention to ADP Nonfarm Employment Change (Jan) at 13:15 GMT and news blocks at 15:00 and 19:00 GMT. For Britain pay attention to news block at 7:00 and to Manufacturing PMI (Jan) at 9:30. For Switzerland pay attention to SVME PMI (Jan) at 8:30 GMT. For Australia, there will be no important news.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located at 1.0797. The important level that prevents the fall is located at 1.0776. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.2582. The important level that prevents the fall is located at 1.2541. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located at 0.7575. The important level that prevents the fall is located at 0.7551. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that shows a further growth. Important level that prevents the rise is located at 113.54. The important level that prevents the fall is located at 112.85. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located 0.9914. The important level that prevents the fall is located at 0.9896. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located 1211. The important level that prevents the fall is located at 1206. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.