Daily market review for 24.05.2017

EUR/USD trades in a narrow corridor, pair decreased to 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 stay at the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor and decreased to the level 1249.

Market news

For Europe, pay attention to ECB's Praet Speech at 8:30 and to ECB President Draghi Speech at 12:45 GMT. For US, pay attention to news block at 14:00 and to FOMC Meeting Minutes at 18:00 GMT. For Britain, there will be no important news today. 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 1.1190. The important level that prevents the fall is located at 1.1170. 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 1.2983. The important level that prevents the fall is located at 1.2955. 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 0.7479. The important level that prevents the fall is located at 0.7441. 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 112.02. The important level that prevents the fall is located at 111.73. 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 0.9768. The important level that prevents the fall is located at 0.9748. 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 1253. The important level that prevents the fall is located at 1247. 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.