Daily market review for 09.02.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.06. GBP/USD trades in a narrow corridor and increased to the level 1.25. AUD/USD trades negatively and stay at the level 0.76. Currency pair USD/JPY stay at the level 112 and trades positively. Pair USD/CHF increased to the level 0.99 and trades in a narrow corridor. Gold trades in a narrow corridor and increased to the level 1239.

Market news

For Europe, pay attention to German Trade Balance (Dec) at 7:00 GMT. For US, pay attention to Initial Jobless Claims at 13:30 and to FOMC Member Bullard Speech at 14:10 GMT. For Britain, pay attention to BoE Gov Carney Speaks at 18:30 GMT. For Switzerland, there will be no important news today. For Australia pay attention to RBA Governor Lowe Speech at 9:00 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.0695. The important level that prevents the fall is located at 1.0669. 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 1.2529. The important level that prevents the fall is located at 1.2496. 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 shows a further fall. The important level that prevents the rise is located at 0.7633. The important level that prevents the fall is located at 0.7609. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that shows a further growth. Important level that prevents the rise is located at 112.37. The important level that prevents the fall is located at 111.89. 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 0.9972. The important level that prevents the fall is located at 0.9947. 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 1241. The important level that prevents the fall is located at 1238. 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.