Daily market review for 05.01.2017

EUR/USD trades in a narrow corridor, pair increased to the level 1.05. GBP/USD trades in a narrow corridor and increased to the level 1.23. AUD/USD trades in a narrow corridor and increased to the level 0.73. Currency pair USD/JPY decreased to the level 115 and trades in a narrow corridor. Pair USD/CHF trades in a narrow corridor and decreased to the level 1.01. Gold trades in a narrow corridor, but asset's price increased to the level 1178.

Market news

For Europe, pay attention to ECB Publishes Account of Monetary Policy Meeting at 12:30 GMT. For US pay attention to news blocks at 13:15, 14:45, 15:00 and 16:00 GMT. For Britain, pay attention to Services PMI (Dec) at 9:30 GMT. For Switzerland pay attention to CPI (MoM) (Dec) at 8:15 GMT. For Australia, 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 1.0573. The important level that prevents the fall is located at 1.0480. 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 1.2361. The important level that prevents the fall is located at 1.2315. 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 0.7329. The important level that prevents the fall is located at 0.7272. 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 117.42. The important level that prevents the fall is located at 115.58. 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 at 1.0216. The important level that prevents the fall is located at 1.0150. 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 1178. The important level that prevents the fall is located at 1162. 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.