Daily market review for 19.05.2017

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 stay at the level 111 and trades in a narrow corridor. Pair USD/CHF decreased to the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor and decreased to the level 1250.

Market news

For Europe, pay attention to ECB's Constancio Speech at 12:00 GMT. For US, pay attention to FOMC Member Bullard Speech at 13:15 and to news block at 19:30 GMT. For Britain, pay attention to CBI Industrial Trends Orders (May) at 10:00 GMT. For Switzerland, there will be no important news. For Australia, pay attention to CFTC AUD speculative net positions at 19:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1125. The important level that prevents the fall is located at 1.1098. 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 1.2958. The important level that prevents the fall is located at 1.2941. 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 0.7440. The important level that prevents the fall is located at 0.7405. 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 111.46. The important level that prevents the fall is located at 111.10. 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 0.9804. The important level that prevents the fall is located at 0.9792. 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 1251. The important level that prevents the fall is located at 1246. 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.