Daily market review for 18.05.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.11. GBP/USD trades in a narrow corridor and stay at the level 1.29. AUD/USD trades in a narrow corridor and stay at the level 0.74. Currency pair USD/JPY decreased to the level 111 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.98 and trades in a narrow corridor. Gold trades negatively and increased to the level 1256.

Market news

For Europe, pay attention to ECB's Lautenschlaeger Speech at 12:45 and to ECB President Draghi Speech at 17:00 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 1.1171. The important level that prevents the fall is located at 1.1120. 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 1.2975. The important level that prevents the fall is located at 1.2935. 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 0.7465. The important level that prevents the fall is located at 0.7407. 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 111.41. The important level that prevents the fall is located at 110.79. 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 0.9822. The important level that prevents the fall is located at 0.9775. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that shows a further decrease. The important level that prevents the rise is located 1262. The important level that prevents the fall is located at 1255. 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.