Daily market review for 10.07.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.14. GBP/USD trades in a narrow corridor and stay the level 1.29. AUD/USD trades negatively and stay at the level 0.75. Currency pair USD/JPY increased to the level 114 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.96 and trades in a narrow corridor. Gold trades negatively and decreased to the level 1207.

Market news

For Europe, pay attention to German Trade Balance (May) at 6:00 GMT. For US, there will be no important news. For Britain, pay attention to BRC Retail Sales Monitor (YoY) (Jun) at 23:01 GMT. 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 1.1408. The important level that prevents the fall is located at 1.1397. 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 1.2907. The important level that prevents the fall is located at 1.2885. 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 0.7614. The important level that prevents the fall is located at 0.7597. 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 114.22. The important level that prevents the fall is located at 113.89. 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 0.9642. The important level that prevents the fall is located at 0.9634. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located 1213. The important level that prevents the fall is located at 1206. 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.