Daily market review for 19.08.2016

EUR/USD trades in a narrow corridor, pair stay at the level 1.13. GBP/USD trades in a narrow corridor and increased to the level 1.31. AUD/USD trades in a narrow corridor and stay at the level 0.76. Currency pair USD/JPY stay at the level 100 and trades negatively. Pair USD/CHF decreased at the level 0.95 and trades in a narrow corridor. Gold trades in a narrow corridor, asset's price decreased to the level 1347.

Market news

For Europe pay attention to German PPI (MoM) for July at 5:00 GMT time. For US there will be two important news blocks at 17:00 and 19:30 GMT time. For Britain pay attention to CFTC GBP speculative net positions at 19:30 GMT time. For Britain there will be an important news block at 8:30 GMT time. For Switzerland there will be no important news today. For Australia pay attention to CFTC AUD speculative net positions at 19:30 GMT time.

Our recommendations

EUR/USD trades in a narrow corridor. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1.1357. The important level that prevents the fall is located at 1.1326. 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 1.3182. The important level that prevents the fall is located at 1.3127. 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. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.7686. The important level that prevents the fall is located at 0.7624. 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 up, that show a further increase. Important level that prevents the rise is located at 100.45. The important level that prevents the fall is located at 99.89. 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. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.9562. The important level that prevents the fall is located at 0.9538. 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 down, that show a further decrease. The important level that prevents the rise is located at 1352. The important level that prevents the fall is located at 1345. 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.