Daily market review for 23.05.2017

EUR/USD trades in a narrow corridor, pair increased to the level 1.12. GBP/USD trades positively and decreased to 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 stay at the level 0.97 and trades positively. Gold trades negatively and increased to the level 1260.

Market news

For Europe, pay attention to news blocks at 7:30 and 8:00 GMT. For US, pay attention to news block at 11:45 GMT. For Britain, pay attention to Inflation Report Hearings at 9:00 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 1.1253. The important level that prevents the fall is located at 1.1222. 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 1.3003. The important level that prevents the fall is located at 1.2970. 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 0.7508. The important level that prevents the fall is located at 0.7467. 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 111.20. The important level that prevents the fall is located at 110.85. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades positively. Moving averages stay up, that shows a future growth. The important level that prevents the rise is located 0.9740. The important level that prevents the fall is located at 0.9719. 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 future fall. The important level that prevents the rise is located 1263. The important level that prevents the fall is located at 1260. 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.