Daily market review for 07.03.2018

EUR/USD is trading in a narrow corridor. The currency pair increased to the level of 1.24. The pair GBP/USD Is trading in a narrow corridor and increased to the level 1.39. The pair AUD/USD is trading in a narrow corridor and increased to the level 0.78. The pair USD/JPY decreased to the level 105 and trades in a narrow corridor. USD/CHF decreased to the level of 0.93 and is trades in a narrow corridor. Gold is trading in a narrow corridor and increased to the level 1333.

Expected news

For Europe, pay attention to news block at 10:00 GMT. For US, pay attention to news blocks at 13:15 and 15:30 GMT. For Britain, pay attention to news block at 8:30 and to Annual Budget Release at 12:30 GMT. For Australia, and Switzerland there will be no important news.

Trading ideas

EUR/USD is trading in a narrow corridor. An important level of restraining growth is at the level of 1.2433. An important level restraining further decline is at around 1.2309. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from support levels, we can consider the opening of binary call options (call options).

 

GBP/USD is trading in a narrow corridor. An important level restraining further growth is at the level of 1.3912. An important level restraining further decline is at around 1.3881. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from support levels, we can consider the opening of binary call options (call options).

 

AUD/USD is trading in a narrow corridor. An important level restraining further growth is at the level of 0.7813. An important level restraining further decline is at 0.7771. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from support levels, we can consider the opening of binary call options (call options).

 

USD/JPY is trading in a narrow corridor. An important level of restraining growth is at the level of 105.85. An important level restraining further decline is at 105.50. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from support levels, we can consider the opening of binary call options (call options).

 

USD/CHF is trading in a narrow corridor. An important level restraining further growth is at the level of 0.9385. An important level restraining further decline is at 0.9356. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from support levels, we can consider the opening of binary call options (call options).

 

GOLD is trading negatively. Moving averages are located down, that show a further decrease. An important level restraining further growth is at the level of 1339. An important level of restraining further decline is at the level of 1331. From the resistance levels, we can consider the opening of binary options to reduce (put options), and from the support levels we can consider the opening of binary call options (call options).

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.