Daily market review for 21.07.2016

EUR/USD trades in a narrow corridor, pair located near the level 1.10. Currency pair USD/JPY stayed at the level 106 and trades negatively. Pair USD/CHF trades negatively and stay at level 0.98. GBP/USD trades positively and increased to the level 1.32. AUD/USD trades in a narrow corridor and stayed at the level 0.74. Gold trades positively, but asset's price decreased to the mark 1316.

Market news

For Europe there are three important news: Deposit Facility Rate and Interest Rate Decision at 11:45 GMT time and Mario Draghi speech at 12:30 GMT time. For America there will be two important news blocks at 12:30 and 14:00 GMT time. For Great Britain there will be one important news block at 8:30 GMT time. There will be no important news for Switzerland today. Pay attention to published NAB Quarterly Business Confidence report for Australia.

Our recommendations

EUR/USD trades in a narrow corridor. The important level that prevents the rise is located at 1.1043. The important level that prevents the fall is located at 1.1006. 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 107.48. The important level that prevents the fall is located at 106.90. 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 0.9875. The important level that prevents the fall is located at 0.9841. 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 0.3274. The important level that prevents the fall is located at 0.3211. 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 0.7498. The important level that prevents the fall is located at 0.7455. 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 1316. The important level that prevents the fall is located at 1310. 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.