Daily market review for 29.05.2017

EUR/USD trades positively, pair stay at the level 1.11. GBP/USD trades in a narrow corridor and stay at the level 1.28. 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 negatively. Gold trades negatively and increased to the level 1266.

Market news

For Europe, pay attention to ECB President Draghi Speech at 13:00 GMT. For US, there will be no important news today. For Britain, there will be no important news today. For Australia, there will be no important news. For Switzerland, pay attention to Employment Level (Q1) at 7:15 GMT.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 1.1184. The important level that prevents the fall is located at 1.1161. 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 1.2833. The important level that prevents the fall is located at 1.2810. 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 0.7449. The important level that prevents the fall is located at 0.7426. 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 111.45. The important level that prevents the fall is located at 111.18. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that shows a further fall. The important level that prevents the rise is located 0.9758. The important level that prevents the fall is located at 0.9741. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located 1268. The important level that prevents the fall is located at 1264. 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.