Daily market review for 09.01.2018

Today, the pair EUR/USD is trading in a narrow corridor 1.1954-1.1980. The pair GBP/USD is decreasing and stays at the important resistance level of 1.3555. GBP/USD is decreasing and stays at the important resistance level of 1.3555.

The pair USD/JPY is trading positively. The pair USD/CHF is also actively increasing, breaking through the 0.9780 mark. GOLD is trading in a narrow corridor.

Expected news

Today is quite a calm day in the context of the economic calendar. But still for Europe, pay attention to the Unemployment rate in the EU. For USA, pay attention to the Housing Starts in Canada and FOMC Member Kashkari Speaks.

Trading ideas

The pair EUR/USD is trading in a narrow corridor 1.1954-1.1980. In the medium term, it is better to sell, but be careful with the correction up, as we have already moved far enough from the significant daily resistance level of 0.2065. Sell if there is a breakout at the level of 1.1954, but only up to 1.1870 (put options). Be careful if you want to buy, however, such variant is possible with the breakout at the level of 1.1980 (call options).

 

 

The pair GBP/USD is trading negatively and stays at the level of 1.3555.With the breakout, it is better to sell, up to the level of 1.3540 (put options). Be careful with the call up, as the maximums go down, and the call up can be of a short-term nature (call options).

 

 

The pair AUD/USD is at the level of 0.7860. Considering the current tendency, the desreasing to the level of 0.7850 with further downside breakout is expected (put options). If the level is higher than 0.7865, it is better to buy (call options).

 

 

USD/JPY is trading negatively. At the moment, it is more relevant to sell than to buy. It is good to buy from the level of 112.70 (call options), and sell when the level is below 112.55 (put options).

 

 

The pair USD/CHF is also increasing, breaking the 0.9780 mark. The first target for the asset is at the level of 0.9798 (call options). It is better to buy. If the asset is below 0.9760 (put options), it is better to sell.

 

 

GOLD is trading in a narrow corridor. Open transactions if there is a breakout of the corridor. It can be preliminarily said that it is better to sell if the asset is below the level of 1316.30 (put options). Buy if the level is higher than 1320.60 (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.