Daily market review for 02.01.2017

EUR/USD trades negatively, pair stay at the level 1.05. GBP/USD trades negatively and increased to the level 1.23. AUD/USD trades in a narrow corridor and decreased to the level 0.71. Currency pair USD/JPY decreased to the level 117 and trades positively. Pair USD/CHF decreased to the level 1.01 and trades in a narrow corridor.

Market news

For Europe, pay attention to German Manufacturing PMI (Dec) at 9:55 GMT. For US, Britain, Australia and Switzerland, there will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.0523. The important level that prevents the fall is located at 1.0507. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.2350. The important level that prevents the fall is located at 1.2317. 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 0.7217. The important level that prevents the fall is located at 0.7178. 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 show a further increase. Important level that prevents the rise is located at 117.43. The important level that prevents the fall is located at 116.63. 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 1.0201. The important level that prevents the fall is located at 1.0165. 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.