The global market has released from Greek crisis with investors converting their focus to European and American policy. The market did not react strongly to American weak Retail Sales data released yesterday, more focus is shifted to Yellen’s testimony.
During the session today, Employment Rate(June) will see light in Britain, with ZEW Expectations(July) released in Switzerland . At 20:30, NY Empire State Manufacturing Index(July) will see light in the US along with Industrial Production(MoM). Interest rate decision of Bank of Canada will be made at 22:00.With certain underlying assets performing actively when data see light, FX77 binary option analyst suggest grasping the opportunity to do short-term trading.
EUR/USD
We found that the EUR/USD pair has bounced around with bullish momentum, so we would like to buy call option on dips. Resistance is found at 1.1080/1.1150 and support at 1.0980/1.0950
USD/JPY
Since the USD/JPY pair continues to rally, we are buyers of put option. Resistance is found at 123.80/124.30 and support at 123.00/122.50.
GBP/USD
We like buying call options on dips since the GBP/USD has shown a sign of bullish sentiment. Resistance is found at 1.5700/1.5750 and support at 1.5600/1.5550.
[Tips]
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