Daily market review for 03.03.2017

EUR/USD trades negatively, 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 decreased to the level 0.75. Currency pair USD/JPY stay at the level 114 and trades positively. Pair USD/CHF stay at the level 1.01 and trades positively. Gold trades negatively and decreased to the level 1227.

Market news

For Europe, pay attention to news block at 9:00 and to Retail Sales (MoM) (Jan) at 10:00 GMT. For US, pay attention to news block at 14:45, 15:00, 18:00 and 20:30 GMT. For Britain, pay attention to Services PMI (Feb) at 9:30 GMT. For Switzerland, there will be no important news. For Australia, pay attention to CFTC AUD speculative net positions at 20:30 GMT.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that shows a further decrease. The important level that prevents the rise is located at 1.0526. The important level that prevents the fall is located at 1.0510. 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 0.7571. The important level that prevents the fall is located at 0.7542. 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 114.34. The important level that prevents the fall is located at 114.06. 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 increase. The important level that prevents the rise is located 1.0130. The important level that prevents the fall is located at 1.0116. 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 1234. The important level that prevents the fall is located at 1226. 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.