Daily market review for 02.02.2017

EUR/USD trades positively, pair stay at the level 1.07. GBP/USD trades positively and increased to the level 1.26. AUD/USD trades positively and increased to the level 0.76. Currency pair USD/JPY decreased to the level 112 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.98 and trades negatively. Gold trades positively and increased to the level 1216.

Market news

For Europe, pay attention to ECB Economic Bulletin at 12:00 and to ECB President Draghi Speech at 12:15 GMT. For US, pay attention to news block at 13:30 GMT. For Britain, pay attention to Construction PMI (Jan) at 9:30 GMT and to news block at 12:00 GMT. For Switzerland pay attention to Retail Sales (YoY) (Dec) at 8:15 GMT. For Australia, there will be no important news.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 1.0799. The important level that prevents the fall is located at 1.0775. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 1.2700. The important level that prevents the fall is located at 1.2659. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 0.7668. The important level that prevents the fall is located at 0.7624. 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 113.18. The important level that prevents the fall is located at 112.47. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located 0.9921. The important level that prevents the fall is located at 0.9886. 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 growth. The important level that prevents the rise is located 1217. The important level that prevents the fall is located at 1211. 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.