Daily market review for 08.09.2016

EUR/USD trades negatively, pair stay at the level 1.12. GBP/USD trades negatively and decreased to the level 1.33. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 101 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.96 and trades positively. Gold trades in a narrow corridor, asset's price increased to the level 1345.

Market news

For Europe pay attention to important news block at 11:45 and to ECB President Draghi Speech at 12:30 GMT. For US pay attention to news block at 15:00 and to Initial Jobless Claims statistics at 12:30 GMT. For Britain, Switzerland and Australia there will be no important news today.

Our recommendations

EUR/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1256. The important level that prevents the fall is located at 1.1233. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.3357. The important level that prevents the fall is located at 1.3332. 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 0.7685. The important level that prevents the fall is located at 0.7663. 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. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 101.91. The important level that prevents the fall is located at 101.40. 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 show a further increase. The important level that prevents the rise is located 0.9701. The important level that prevents the fall is located at 0.9683. 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 at 1347. The important level that prevents the fall is located at 1341. 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.