Daily market review for 16.03.2017

EUR/USD trades negatively, pair increased to the level 1.07. GBP/USD trades in a narrow corridor and stay at the level 1.22. AUD/USD trades in a narrow corridor and increased to the level 0.76. Currency pair USD/JPY decreased to the level 113 and trades in a narrow corridor. Pair USD/CHF stay at the level 1.00 and trades positively. Gold trades in a narrow corridor and increased to the level 1225.

Market news

For Europe, pay attention to news block at 10:00 GMT. For US, pay attention to news blocks at 12:30 and to JOLTs Job Openings (Jan) at 14:00 GMT. For Britain, pay attention to news block at 12:00 GMT. For Australia, there will be no important news. For Switzerland pay attention to news block at 8:30 GMT.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that shows a further decrease. The important level that prevents the rise is located at 1.0745. The important level that prevents the fall is located at 1.0714. 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 1.2291. The important level that prevents the fall is located at 1.2259. 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 0.7715. The important level that prevents the fall is located at 0.7675. 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 113.50. The important level that prevents the fall is located at 112.89. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located 1.0005. The important level that prevents the fall is located at 1.0074. 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 1228. The important level that prevents the fall is located at 1121. 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.