Daily market review for 07.08.2017

EUR/USD trades in a narrow corridor, pair decreased to the level 1.17. GBP/USD trades positively and decreased to the level 1.30. AUD/USD trades negatively and stay at the level 0.79. Currency pair USD/JPY stay at the level 110 and trades in a narrow corridor. Pair USD/CHF increased to the level 0.97 and trades positively. Gold trades in a narrow corridor and decreased to the level 1257.

Market news

For Europe, pay attention to German Industrial Production (MoM) (Jun) at 6:00 GMT. For US, pay attention to FOMC Member Bullard Speech at 15:45 and to FOMC Member Kashkari Speech at 17:25 GMT. For Britain, pay attention to news block at 7:30 GMT. For Australia, there will be no important news. For Switzerlnd, pay attention to CPI (MoM) (Jul) at 7:15 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1800. The important level that prevents the fall is located at 1.1777. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that shows a further growth. The important level that prevents the rise is located at 1.3058. The important level that prevents the fall is located at 1.3035. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades negatively. Moving averages stay down, that shows a further decrease. The important level that prevents the rise is located at 0.7947. The important level that prevents the fall is located at 0.7920. 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 110.82. The important level that prevents the fall is located at 110.63. 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 further growth. The important level that prevents the rise is located 0.9639. The important level that prevents the fall is located at 0.9710. 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 1258. The important level that prevents the fall is located at 1256. 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.