Daily market review for 10.08.2016

EUR/USD trades in a narrow corridor, pair increased to the level 1.11. GBP/USD trades in a narrow corridor and increased to the level 1.30. AUD/USD trades positively and increased to the level 0.77. Currency pair USD/JPY decreased at level 101 and trades negatively. Pair USD/CHF decreased to the level 0.97 and trades in a narrow corridor. Gold trades positively, asset's price increased to the level 1339.

Market news

For Europe we recommend to pay attention to German 10-Year Bund Auction at 9:35 GMT time. For US there will be two important news blocks at 11:00 and 17:00 GMT time. For Britain there will be no important news today. For Switzerland there will be no important news today, we recommend to pay attention to already published news for Australia.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1155. The important level that prevents the fall is located at 1.1113. 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 1.3089. The important level that prevents the fall is located at 1.2997. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.7706. The important level that prevents the fall is located at 0.7660. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades negatively. Moving averages stay down, that show a further decrease. Important level that prevents the rise is located at 101.95. The important level that prevents the fall is located at 101.11. 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 at 0.9817. The important level that prevents the fall is located at 0.9791. 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 show a further increase. The important level that prevents the rise is located at 1352. The important level that prevents the fall is located at 1339. 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.