Daily market review for 06.03.2017

EUR/USD trades in a narrow corridor, pair increased to the level 1.06. GBP/USD trades negatively and stay at the level 1.22. AUD/USD trades positively and stay at the level 0.75. Currency pair USD/JPY decreased to the level 113 and trades negatively. Pair USD/CHF decreased to the level 1.00 and trades in a narrow corridor. Gold trades positively and decreased to the level 1224.

Market news

For Europe, there will be no important news. For US, pay attention to to Factory Orders (MoM) (Jan) at 15:00 and to FOMC Member Kashkari Speech at 20:00 GMT. For Britain, Switzerland and Australia, 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 1.0639. The important level that prevents the fall is located at 1.0591. 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 1.2294. The important level that prevents the fall is located at 1.2258. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located at 0.7590. The important level that prevents the fall is located at 0.7569. 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 shows a further decrease. Important level that prevents the rise is located at 113.91. The important level that prevents the fall is located at 113.57. 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 1.0093. The important level that prevents the fall is located at 1.0073. 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 shows a further increase. The important level that prevents the rise is located 1234. The important level that prevents the fall is located at 1230. 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.