Daily market review for 22.05.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.11. GBP/USD trades positively and increased to the level 1.30. 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 stay at the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor and increased to the level 1253.

Market news

For Europe, there will be no important news today. For US, pay attention to news block at 14:00 GMT For Britain, there will be no important news today. For Switzerland, there will be no important news. For Australia, pay attention to RBA Assist Gov Debelle Speech at 17:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1208. The important level that prevents the fall is located at 1.1181. 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 future growth. The important level that prevents the rise is located at 1.3024. The important level that prevents the fall is located at 1.2973. 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 0.7454. The important level that prevents the fall is located at 0.7434. 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 111.60. The important level that prevents the fall is located at 111.14. 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 0.9751. The important level that prevents the fall is located at 0.9725. 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 1256. The important level that prevents the fall is located at 1251. 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.