Daily market review for 12.05.2017

EUR/USD trades negatively, pair decreased to the level 1.08. GBP/USD trades negatively and decreased to the level 1.28. AUD/USD trades in a narrow corridor and decreased to the level 0.73. Currency pair USD/JPY increased to the level 113 and trades in a narrow corridor. Pair USD/CHF increased to the level 1.00 and trades in a narrow corridor. Gold trades in a narrow corridor and decreased to the level 1227.

Market news

For Europe, pay attention to Industrial Production (MoM) (Mar) at 9:00 GMT. For US, pay attention to news blocks at 12:30, 14:00 and 19:30 GMT. For Britain, pay attention to CFTC GBP speculative net positions at 19:30 GMT. For Switzerland, there will be no important news. For Australia pay attention to CFTC AUD speculative net positions at 19:30 GMT.

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 1.0972. The important level that prevents the fall is located at 1.0854. 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 1.2899. The important level that prevents the fall is located at 1.2862. 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 0.7387. The important level that prevents the fall is located at 0.7367. 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 113.94. The important level that prevents the fall is located at 113.62. 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 1.0085. The important level that prevents the fall is located at 1.0070. 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 1227. The important level that prevents the fall is located at 1224. 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.