Daily market review for 17.01.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.06. GBP/USD trades in a narrow corridor and increased to the level 1.21. AUD/USD trades in a narrow corridor and increased to the level 0.75. Currency pair USD/JPY decreased to the level 113 and trades negatively. Pair USD/CHF stay at the level 1.00 and trades negatively. Gold trades in a narrow corridor and increased to the level 1210.

Market news

For Europe, pay attention to news block at 10:00 GMT. For US, please pay attention to news block at 13:30 GMT. For Britain, pay attention to news block at 9:30 and to U.K. Prime Minister May Speech at 11:45 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 1.0664. The important level that prevents the fall is located at 1.0600. 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 1.2135. The important level that prevents the fall is located at 1.2041. 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 0.7535. The important level that prevents the fall is located at 0.7464. 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 114.27. The important level that prevents the fall is located at 113.25. 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 fall. The important level that prevents the rise is located 1.0115. The important level that prevents the fall is located at 1.0062. 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 1212. The important level that prevents the fall is located at 1202. 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.