Daily market review for 03.01.2017

EUR/USD trades in a narrow corridor, pair decreased to the level 1.04. GBP/USD trades in a narrow corridor and decreased to the level 1.22. AUD/USD trades in a narrow corridor and increased to the level 0.72. Currency pair USD/JPY stay at the level 117 and trades positively. Pair USD/CHF increased to the level 1.02 and trades positively. Gold trades in a narrow corridor and stay at level 1152.

Market news

For Europe, pay attention to news blocks at 8:55 and 13:00 GMT. For US, pay attention to news block at 14:45 GMT. For Britain, pay attention to Manufacturing PMI (Dec) at 9:30 GMT. For Australia, there will be no important news today. For Switzerland pay attention to SVME PMI (Dec) at 8:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0489. The important level that prevents the fall is located at 1.0453. 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 1.2306. The important level that prevents the fall is located at 1.2279. 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 0.7234. The important level that prevents the fall is located at 0.7193. 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 117.95. The important level that prevents the fall is located at 117.27. 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 show a further increase. The important level that prevents the rise is located 1.0244. The important level that prevents the fall is located at 1.0209. 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 at 1158. The important level that prevents the fall is located at 1149. 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.