Daily market review for 06.06.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.12. GBP/USD trades in a narrow corridor and increased to the level 1.29. AUD/USD trades negatively and stay at the level 0.74. Currency pair USD/JPY decreased to the level 109 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.96 and trades in a narrow corridor. Gold trades in a narrow corridor and increased to the level 1287.

Market news

For Europe, pay attention to Retail Sales (MoM) (Apr) at 9:00 GMT. For US, pay attention to JOLTs Job Openings (Apr) at 14:00 GMT. For Britain, there will be no important news. 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 1.1277. The important level that prevents the fall is located at 1.1254. 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 1.2949. The important level that prevents the fall is located at 1.2903. 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 show a further decrease. The important level that prevents the rise is located at 0.7495. The important level that prevents the fall is located at 0.7456. 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 110.72. The important level that prevents the fall is located at 110.30. 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 0.9650. The important level that prevents the fall is located at 0.9627. 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 1288. The important level that prevents the fall is located at 1279. 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.