Daily market review for 16.05.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.09. GBP/USD trades positively and stay at the level 1.29. AUD/USD trades positively and stay at the level 0.74. Currency pair USD/JPY stay at the level 113 and trades negatively. Pair USD/CHF decreased to the level 0.99 and trades negatively. Gold trades positively and increased to the level 1235.

Market news

For Europe, pay attention to news blocks at 9:00 and 15:30 GMT. For US, pay attention to news blocks at 12:30 GMT. For Britain, pay attention to news block at 8:30 GMT. For Switzerland and Australia, 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 1.0999. The important level that prevents the fall is located at 1.0977. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 1.2917. The important level that prevents the fall is located at 1.2897. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 0.7434. The important level that prevents the fall is located at 0.7404. 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 decrease. Important level that prevents the rise is located at 113.76. The important level that prevents the fall is located at 113.24. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that shows a further decrease. The important level that prevents the rise is located 0.9960. 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 positively. Moving averages stay up, that shows a further increase. The important level that prevents the rise is located 1235. The important level that prevents the fall is located at 1229. 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.