Daily market review for 22.07.2016

EUR/USD trades positively, 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 in a narrow corridor and stayed at level 1.32. AUD/USD trades positively and stay at level 0.74. Gold trades in a narrow corridor, but asset's price increased to the mark 1327.

Market news

For Europe there will be three important news blocks at 7:00, 7:30 and 8:00 GMT time. For US we recommend to pay attention to two news blocks at 13:45 and 19:30 GMT time. For Britain there will be two important news blocs - Manufacturing PMI statistics for July and Services PMI statistics for July 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 1.1032. The important level that prevents the fall is located at 1.1018. 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 106.14. The important level that prevents the fall is located at 105.55. 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 0.9858. The important level that prevents the fall is located at 0.9843. 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 0.3252. The important level that prevents the fall is located at 0.3210. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay up, that show a further increase. The important level that prevents the rise is located at 0.7506. The important level that prevents the fall is located at 0.7461. 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. The important level that prevents the rise is located at 1333. 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.