Daily market review for 17.03.2017

EUR/USD trades in a narrow corridor, pair increased to the level 1.07. GBP/USD trades in a narrow corridor and increased to the level 1.23. 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 decreased to the level 0.99 and trades in a narrow corridor. Gold trades in a narrow corridor and increased to the level 1227.

Market news

For Europe, pay attention to Trade Balance (Jan) at 10:00 and CFTC EUR speculative net positions at 20:30 GMT. For US, pay attention to news blocks at 14:00 and 20:30 GMT. For Britain, pay attention to CFTC GBP speculative net positions at 20:30 GMT. For Australia, pay attention to CFTC AUD speculative net positions at 20:30 GMT. For 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 1.0781. The important level that prevents the fall is located at 1.0763. 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 1.2255. The important level that prevents the fall is located at 1.2154. 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 0.7693. The important level that prevents the fall is located at 0.7664. 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 113.48. The important level that prevents the fall is located at 113.26. 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 0.9968. The important level that prevents the fall is located at 0.9958. 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.