Daily market review for 11.01.2017

EUR/USD trades in negatively, pair decreased to the level 1.05. GBP/USD trades negatively and decreased to the level 1.21. AUD/USD trades in a narrow corridor and stay at the level 0.73. Currency pair USD/JPY decreased to the level 115 and trades negatively. Pair USD/CHF stay at the level 1.01 and trades in a narrow corridor. Gold trades positively and increased to the level 1188.

Market news

For Europe, pay attention to German 10-Year Bund Auction at 10:35 GMT. For US, pay attention to Crude Oil Inventories at 15:30, 10-Year Note Auction and U.S. President-Elect Trump Speech at 18:00 GMT. For Britain, pay attention to news block at 9:30 GMT. For Switzerland and Australia will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located at 1.0565. The important level that prevents the fall is located at 1.0535. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located at 1.2187. The important level that prevents the fall is located at 1.2148. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.7395. The important level that prevents the fall is located at 0.7352. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that shows a further fall. Important level that prevents the rise is located at 116.23. The important level that prevents the fall is located at 115.81. 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 1.0182. The important level that prevents the fall is located at 1.0155. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located 1190. The important level that prevents the fall is located at 1185. 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.