Daily market review for 20.07.2016

EUR/USD trades positively, pair located near level 1.10. Currency pair USD/JPY increased to level 106 and trades positively. Pair USD/CHF trades negatively and stay at level 0.98. GBP/USD trades positively but decreased to the level 1.31. AUD/USD trades in a narrow corridor and decreased to the level 0.74. Gold trades negatively, but asset's price increased to the mark 1331.

Market news

There will be no important news for Europe today. For USA we recommend to pay attention to Crude and Cushing Oil Inventories statistics at 14:30 GMT time. For Britain there will be an important news block at 8:30 GMT time. There will be no important news for Switzerland and Australia today.

Our recommendations

EUR/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 1.1020. The important level that prevents the fall is located at 1.0996. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay up, that show a further increase. Important level that prevents the rise is located at 106.25. The important level that prevents the fall is located at 105.82. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 0.9870. The important level that prevents the fall is located at 0.9853. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.3114. The important level that prevents the fall is located at 0.3064. 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 0.7516. The important level that prevents the fall is located at 0.7487. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades negatively. Moving averages stay down, that show a further decrease. The important level that prevents the rise is located at 1337. The important level that prevents the fall is located at 1331. 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.