Daily market review for 12.08.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.11. GBP/USD trades negatively and decreased to the level 1.29. AUD/USD trades in a narrow corridor and decreased to the level 0.76. Currency pair USD/JPY decreased to level 102 and trades in a narrow corridor. Pair USD/CHF stay at the level 0.97 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1337.

Market news

For Europe we recommend to pay attention to three news blocks: at 6:00, 9:00 and 19:30 GMT time. For US there will be also three important news blocks at 12:30, 14:00 and 19:30 GMT time. For Britain pay attention to CFTC GBP speculative net positions at 19:30 GMT time. There will be no important news for Switzerland, bur pay attention to CFTC EUR speculative net positions at 19:30 GMT.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1143. The important level that prevents the fall is located at 1.1130. 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 1.2977. The important level that prevents the fall is located at 1.2948. 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 0.7701. The important level that prevents the fall is located at 0.7669. 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 down, that show a further decrease. Important level that prevents the rise is located at 102.19. The important level that prevents the fall is located at 101.75. 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 0.9755. The important level that prevents the fall is located at 0.9745. 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. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1340. The important level that prevents the fall is located at 1334. 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.