Daily market review for 04.07.2017

EUR/USD trades in a narrow corridor, pair decreased to the level 1.13. GBP/USD trades in a narrow corridor and decreased to the level 1.29. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 112 and trades negatively. Pair USD/CHF increased to the level 0.95 and trades in a narrow corridor. Gold trades positively and decreased to the level 1226.

Market news

For Europe, pay attention to ECB's Praet Speech at 12:30 GMT. For US, there will be no important news today. For Britain, pay attention to Construction PMI (Jun) at 8:30 GMT. For Australia and Switzerland, there will be no important news.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1376. The important level that prevents the fall is located at 1.1335. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.2955. The important level that prevents the fall is located at 1.2921. 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 0.7681. The important level that prevents the fall is located at 0.7604. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 112.39. The important level that prevents the fall is located at 112.73. 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 0.9648. The important level that prevents the fall is located at 0.9625. 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 show a further increase. The important level that prevents the rise is located 1226. The important level that prevents the fall is located at 1220. 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.