Daily market review for 02.06.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.12. GBP/USD trades in a narrow corridor and stay at the level 1.28. AUD/USD trades in a narrow corridor and decreased to the level 0.73. Currency pair USD/JPY increased to the level 111 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.96 and trades positively. Gold trades in a narrow corridor and decreased to the level 1259.

Market news

For Europe, pay attention to CFTC EUR speculative net positions at 19:30 GMT. For US, pay attention to news blocks at 12:30 and 19:30 GMT. For Britain, pay attention to CFTC GBP speculative net positions at 19:30 GMT. For Australia, pay attention to CFTC AUD speculative net positions at 19:30 GMT. For Switzerland, there will be no important news today.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1221. The important level that prevents the fall is located at 1.1211. 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 1.2894. The important level that prevents the fall is located at 1.2870. 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 0.7391. The important level that prevents the fall is located at 0.7375. 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 111.69. The important level that prevents the fall is located at 111.33. 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 0.9714. The important level that prevents the fall is located at 0.9705. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades in a narrow corridor. The important level that prevents the rise is located 1265. The important level that prevents the fall is located at 1258. 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.