Daily market review for 18.07.2016

EUR/USD trades in a narrow corridor. Pair located near the level 1.10. Currency pair USD/JPY stay at the mark 105 and trades negatively. Pair USD/CHF trades in a narrow corridor and increased to the level 0.98. GPB/USD trades in a narrow corridor and fallen to the level 1.32. AUD/USD trades in a narrow corridor and decreased to the level 0.75. Gold trades positively, but the asset's price decreased to the level 1329.

Market news

For Europe there will be no important news today. For US pay attention to TIC Net Long-Term Transactions report for May at 20:00 GMT time. For Switzerland, Britain and Australia there will be no important news today.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1070. The important level that prevents the fall is located at 1.1050. 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 105.82. The important level that prevents the fall is located at 105.30. 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 0.9840. The important level that prevents the fall is located at 0.9827. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GPB/USD trades in a narrow corridor. The important level that prevents the rise is located at 0.3267. The important level that prevents the fall is located at 0.3187. 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 0.7599. The important level that prevents the fall is located at 0.7575. 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 growth. The important level that prevents the rise is located at 1334. The important level that prevents the fall is located at 1323. 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.