Daily market review for 22.03.2017

EUR/USD trades in a narrow corridor, pair stay at the level 1.07. GBP/USD trades in a narrow corridor and increased to the level 1.24. AUD/USD trades positively and decreased to the level 0.76. Currency pair USD/JPY decreased to the level 111 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.99 and trades in a narrow corridor. Gold trades in a narrow corridor and decreased to the level 1224.

Market news

For Europe, pay attention to German 10-Year Bund Auction at 10:35 and ECB's Lautenschlaeger Speech at 11:30 GMT. For US pay attention to news block at 14:00 GMT. For Britain, there will be no important news today. For Britain, 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 1.0817. The important level that prevents the fall is located at 1.0787. 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 1.2505. The important level that prevents the fall is located at 1.2463. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 0.7674. The important level that prevents the fall is located at 0.7649. 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 111.75. The important level that prevents the fall is located at 111.31. 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 0.9945. The important level that prevents the fall is located at 0.9924. 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 1248. The important level that prevents the fall is located at 1243. 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.