Daily market review for 01.03.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.05. GBP/USD trades in a narrow corridor and decreased to the level 1.23. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY increased to the level 113 and trades in a narrow corridor. Pair USD/CHF stay at the level 1.00 and trades in a narrow corridor. Gold trades positively and decreased to the level 1241.

Market news

For Europe, pay attention to news block at 8:55 GMT and to German Buba President Weidmann Speech at 13:30 GMT. For US, pay attention to news blocks at 13:30, 15:00, 15:30 and 18:00 GMT. For Britain, pay attention to Manufacturing PMI (Feb) at 9:30 GMT. For Australia and Switzerland, there will be no important news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0588. The important level that prevents the fall is located at 1.0536. 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 1.2403. The important level that prevents the fall is located at 1.2249. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.7698. The important level that prevents the fall is located at 0.7637. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades in a narrow corridor. Important level that prevents the rise is located at 113.65. The important level that prevents the fall is located at 112.75. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow corridor. The important level that prevents the rise is located 1.0100. The important level that prevents the fall is located at 1.0053. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located 1248. The important level that prevents the fall is located at 1242. 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.