Daily market review for 02.03.2017

EUR/USD trades positively, pair stay at the level 1.05. GBP/USD trades in a narrow corridor and stay at the level 1.22. AUD/USD trades negatively and stay at the level 0.76. Currency pair USD/JPY increased to the level 114 and trades positively. Pair USD/CHF increased to the level 1.01 and trades in a narrow corridor. Gold trades negatively and increased to the level 1244.

Market news

For Europe, pay attention to news block at 8:00 and 10:00 GMT. For US, pay attention to Initial Jobless Claims at 13:30 GMT. For Britain, pay attention to Construction PMI (Feb) at 9:30 GMT. For Switzerland pay attention to news block at 6:45 GMT. For Australia, there will be no important news.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located at 1.0543. The important level that prevents the fall is located at 1.0521. 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 1.2296. The important level that prevents the fall is located at 1.2267. 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 decrease. The important level that prevents the rise is located at 0.7666. The important level that prevents the fall is located at 0.7647. 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 increase. Important level that prevents the rise is located at 114.25. The important level that prevents the fall is located at 113.81. 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 1.0117. The important level that prevents the fall is located at 1.0090. 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 decrease. The important level that prevents the rise is located 1247. The important level that prevents the fall is located at 1244. 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.