Daily market review for 01.08.2017

EUR/USD trades in a narrow corridor, pair increased to the level 1.18. GBP/USD trades in a narrow corridor and increased to the level 1.32. AUD/USD trades in a narrow corridor and increased to the level 0.80. Currency pair USD/JPY stay at the level 110 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.96 and trades in a narrow corridor. Gold trades in a narrow corridor and increased to the level 1268.

Market news

For Europe, pay attention to news block at 8:55 GMT. For US, pay attention to news block at 12:30 and to ISM Manufacturing PMI (Jul) at 14:00 GMT. For Britain, pay attention to Manufacturing PMI (Jul) at 8:30 GMT. For Australia and Switzerland, 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 1.1833. The important level that prevents the fall is located at 1.1810. 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 1.3234. The important level that prevents the fall is located at 1.3190. 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 0.8042. The important level that prevents the fall is located at 0.7995. 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 110.41. The important level that prevents the fall is located at 109.99. 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 0.9682. The important level that prevents the fall is located at 0.9659. 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 1270. The important level that prevents the fall is located at 1266. 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.